Automotive Camera Market Size By Type (Mono, Stereo, Trifocal), By Application (ADAS [Lane Departure Systems, Emergency Braking Systems, Forward Collision Warning, Others], Parking Assist), By Vehicle Type (Passenger Cars, Utility Vehicles, Commercial Vehicles), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025

Published Date: May 2019  |  Report ID: GMI3340  |  Authors: Preeti Wadhwani, Prasenjit Saha

Report Format: PDF   |   Pages: 250   |   Base Year: 2018

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Automotive Camera Market size valued at over USD 5.5 billion in 2018 and will grow at a CAGR of 19.5% from 2019 to 2025. The global industry shipments are expected to reach 300 million units by 2025.

Automotive Camera Market

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The growing concerns regarding vehicle & passenger safety across the globe coupled with the increasing technological advancements in camera-based driver assistant sensors are expected to drive the automotive camera market growth over the forecast timeline. The increasing sales of passenger vehicles owing to the rise in consumer disposable income are further contributing to the industry growth. Several government initiatives regarding passenger safety in economically advanced countries including the U.S. and Canada are surging the adoption of cameras in vehicles. The camera sensors are integrated with vehicles for various applications such as lane & side assist and maintaining a safe distance from other vehicles. Moreover, the increased consumer awareness about ADAS systems is supporting the demand for advanced safety features in passenger vehicles and market expansion.

Automotive Camera Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 5.5 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 19.5% 2025 Value Projection: 19 Billion (USD)
Pages: 250 Tables, Charts & Figures: 401
Geographies covered (14): U.S., Canada, UK, Germany, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, South Africa
Segments covered: Type, Application, Vehicle Type and Region
Companies covered (14): Aptiv PLC, Clarion, Continental AG, Denso Corporation, Magna International Inc., Mobileye, OmniVision Technologies, Robert Bosch GmbH, Samsung Electro Mechanics, Hitachi Automotive Systems Ltd., Stonkam Co. Ltd, Valeo, Veoneer, ZF Friedrichshafen
Growth Drivers:
  • Increasing integration of ADAS in commercial & passenger vehicles across the globe
  • Growing concerns regarding pedestrian & passenger safety in North America and Europe
  • Rise in production of vehicles in Europe and Asia
  • Implementation of stringent government regulations regarding safety in vehicles
  • High demand for luxury vehicles in MEA
  • Rapidly developing automotive sector in Mexico and Brazil
Pitfalls & Challenges:
  • High thermal noise generation from the cameras

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Market by Type

The stereo camera market is gaining demand for its vehicle safety features such as Adaptive Cruise Control systems (ACC), Forward Collision Warning systems (FCW), and lane assist systems. Stereo camera is an advanced technology that uses two cameras to capture images, calculating the distance between a camera and an object accurately. These components are used for autonomous driving & collision-sensing applications to improve vehicle safety. Moreover, stereo systems consist of low-cost visible light cameras, offer distance information, and cover the entire field of view. The rapid adoption of these systems in various vehicles is compelling the industry growth.

Market by Application

U.S. automotive camera market by ADAS application

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The adoption of vehicle vision systems is rapidly increasing in Advanced Driver Assist Systems (ADAS) to provide lane departure assist, emergency braking, and forward collision warning to drivers. The automatic braking system typically uses cameras and sensors to detect pedestrians crossing the street and applies breaks automatically if a pedestrian is in danger of being hit. Lane departure warning system uses a camera to detect unintentional vehicle lane shift and alerts drivers to steer vehicles back to the lane. Additionally, vehicle cameras are integrated with ADAS to aid the automatic switching of vehicles’ headlights in low light conditions. These components have the abilities to capture the surrounding images and identify collision threats and inform drivers, driving the market demand.

Market by Vehicle Type

The rising passenger vehicle production in the emerging Asian economies, including India and China, due to a rise in the middle-class income is expected to drive the automotive camera market growth. According to World Economic Forum, the number of passenger cars is anticipated to reach 2 billion by the end of 2040. The increasing adoption of safety features in passenger cars, such as auto park assist and lane departure warning, is increasing the adoption of these components. The increasing road fatalities are compelling the demand for advanced safety features in all new cars. According to the National Highway Traffic Safety Administration (NHTSA), nearly 37,000 people died in motor vehicle crashes in the U.S. in 2017. The in-cockpit camera system will transmit a warning sound if it detects drowsiness in drivers, which will help to reduce the number of road fatalities significantly. Additionally, various governments across the globe are implementing stringent laws regarding passenger safety, which will further add up to the market development.

Market by Region

Europe automotive camera industry by country

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The Europe automotive camera market will grow at over 21% CAGR from 2019 to 2025 owing to the increasing production of passenger & commercial vehicles in the region. As per the data revealed by the European Automotive Manufacturers Association, new car registrations in the European Union (EU) totaled to 15.2 million in 2017. Additionally, the passenger car production in Europe accounted for 24% of the global passenger car production in 2018. The growing production & sales of passenger cars in the region will provide lucrative opportunities to players operating in the market. The EU has introduced new regulations such as General Safety Regulation (EC) 661/2009 and the Pedestrian Safety Regulation (EC) 78/2009 and safety standards for car manufacturers to reduce the number of road fatalities. By the end of 2022, a suite of 15 new safety features will become mandatory in EU’s vehicles to protect pedestrians and passengers.

Competitive Market Share

The prominent players operating in the automotive camera market include Robert Bosch GmbH, Continental AG, Aptiv PLC, Magna International Inc., Veoneer, Denso Corporation, Mobileye, Valeo, etc. These companies are offering advanced camera systems with high image resolution, wide angle view, and night vision features. For instance, Continental AG developed multifunction mono camera, MFC500, which is integrated with advanced technologies, such as neural network and machine learning, to assist drivers in real-time. The players are also incorporating advanced sensors into the new products to deliver high performance & productivity to passengers. Leading companies in the market are entering into strategic mergers & acquisitions with other industry players to develop advanced driving technologies. For instance, in March 2017, Intel Corporation announced the acquisition of Mobileye for nearly USD 15.3 billion to develop the self-driving automobile technology.

Industry Background

The automotive camera industry is highly competitive due to the presence of multiple camera manufacturers, such as Continental AG, Denso Corporation, and Robert Bosch GmbH. The industry is witnessing rapid growth owing to the increased focus on vehicle & driver safety due to the rising numbers of road accidents & injuries. The leading players are adopting partnership & collaboration and new product development strategies to gain a competitive edge over rivals. For instance, in June 2017, Continental AG collaborated with BMW Group, Mobileye for the development of an automated driving system. The car manufacturers are integrating stereo & trifocal cameras in economical vehicles to enhance the driving comfort & safety features over the competitors, attributing to the development of the market globally.

Frequently Asked Questions (FAQ) :

The expanding stereo segment size is fueled by an increased demand for advanced technologies like Forward Collision Warning (FCW) and Adaptive Cruise Control (ACC) systems, which help improve the vehicle and passenger safety.
Global Market Insights, Inc., predicts that the industry share will register notable growth from the Advanced Driver Assist Systems (ADAS) segment owing to growing integration of technologies like FCW, emergency braking and lane departure assist in passenger vehicles.
The U.S. region will be among the prominent contenders for the market share due to rising number of vehicle crashes, higher penetration of ADAS features in passenger cars and growing investments in autonomous vehicle technologies.
Commercial vehicles segment will contribute significantly towards driving the market size with increased demand for ADAS features like lane departure warning, blind spot monitoring and autonomous braking in trucks and to enhance the vehicle safety by using cameras and sensors to track driver behavior.

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