Automotive Camera Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast By 2033
- PUBLISHED ON
- 2023-06-02
- NO OF PAGES
- 288
- CATEGORY
- Retails & Consumer
Automotive Camera Market size was valued at USD 8,166 million in 2022 and is projected to reach USD 13,500 million by 2033, growing at a CAGR of 11.4% during the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 8,166 million |
Market Forecast in 2033 | USD 13,500 million |
CAGR % 2023-2033 | 11.4% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Continental AG; Robert Bosch GmbH; Aptiv PLC; Magna International Inc.; Valeo SA; Panasonic Corporation; Denso Corporation; ZF Friedrichshafen AG; Mobileye (Intel Corporation); Ambarella Inc. |
Automotive Camera Market - Description
The automotive camera market refers to the market for cameras used in vehicles for various applications such as advanced driver assistance systems (ADAS), autonomous driving, parking assistance, and in-cabin monitoring. These cameras play a crucial role in enhancing vehicle safety, improving navigation, and providing a better driving experience.
Automotive Camera market: Key Trends
• Advancements in Camera Technology
The automotive camera market is witnessing advancements in camera technology, including the development of smaller, more compact camera modules with improved functionality. This allows for easier integration into vehicles without compromising design aesthetics. Additionally, there are ongoing efforts to develop cameras with higher dynamic range, better low-light performance, and enhanced image processing capabilities.
• Increasing Demand for Electric Vehicles
The growing popularity of electric vehicles (EVs) is also contributing to the automotive camera market's growth. EVs often incorporate advanced technology and features, including ADAS and autonomous driving capabilities, which require the use of automotive cameras.
Automotive Camera market: Segmental Analysis
View
• Front
• Rear
• Surround
Application
• ACC
• BSD
• LDW
• FCW
• AFL
• IPA
• Driver Monitoring System & Night Vision
Automotive Camera market: Geographical landscape
The automotive camera market can be analyzed based on regional segmentation, considering the demand and adoption of automotive cameras in different geographical areas. The North American region, including the United States and Canada, has a significant market share in the automotive camera market.
The Asia Pacific region, including countries like China, Japan, South Korea, and India, is witnessing significant growth in the automotive camera market. Factors such as the booming automotive industry, increasing disposable income, and rising awareness about vehicle safety drive the demand for automotive cameras in this region.
Automotive Camera Market- Impact of COVID-19
The COVID-19 pandemic has had a significant impact on the global automotive industry, including the automotive camera market. The pandemic led to widespread shutdowns and disruptions in the automotive manufacturing sector.
Automotive Camera Market: Key Companies
• Continental AG
• Robert Bosch GmbH
• Aptiv PLC
• Magna International Inc.
• Valeo SA
• Panasonic Corporation
• Denso Corporation
• ZF Friedrichshafen AG
• Mobileye (Intel Corporation)
• Ambarella Inc.
• Others
Automotive Camera Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
Quality Assurance Process
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Market Research Process
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
The global Automotive Camera market size was valued at USD 8,166 million in 2022 and is projected to reach USD 13,500 million by 2033, growing at a CAGR of 11.4% during the forecast period.
What are the drivers shaping various markets?
Advancements in Camera Technology: - The automotive camera market is witnessing advancements in camera technology, including the development of smaller, more compact camera modules with improved functionality. This allows for easier integration into vehicles without compromising design aesthetics.
Who are the key competitors of market Players?
Some of the major players operating within the market are Continental AG; Robert Bosch GmbH; Aptiv PLC; Magna International Inc.; Valeo SA; Panasonic Corporation; Denso Corporation; ZF Friedrichshafen AG; Mobileye (Intel Corporation); Ambarella Inc.
What are the top performing segments, and countries / regions of each of the markets?
Continental AG; Robert Bosch GmbH; Aptiv PLC; Magna International Inc.; Valeo SA; Panasonic Corporation; Denso Corporation; ZF Friedrichshafen AG; Mobileye (Intel Corporation); Ambarella Inc.
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