Our comprehensive research on the Global Automotive Camera & Camera Module Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global automotive camera & camera module market size was US$ 7,111.9 million in 2021. The global automotive camera & camera module market is expected to grow to US$ 15,921.8 million by 2030, registering a compound annual growth rate (CAGR) of 10.9% during the study period from 2022 to 2030.
Automotive cameras and camera modules are used to enhance vehicle drivability by increasing visibility. These cameras are primarily used to assist drivers with parking, vehicle performance evaluation, night vision, and gathering important vehicle information. Furthermore, powerful computer vision algorithms are embedded in them, which extract useful data from captured visuals to assist the driver in terms of parking, driving in low-light conditions, etc.
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Factors Influencing the Market
The rising demand for autonomous vehicles will primarily drive the growth of the automotive camera & camera module market during the forecasted period. Autonomous driving technologies make the automotive more convenient for the users. These technologies are used to analyze the external and internal environment with the use of embedded cameras, sensors, radars, and other equipment. Thus, all of these factors will drive the growth of the automotive camera & camera module market during the analysis period.
The growing need to enhance safety in automotive is expected to bring ample growth opportunities for the overall market during the analysis timeframe. Safety features such as lane departure warning systems, collision warning systems, active cruise control systems, emergency braking systems, headlight control systems, and traffic sign recognition systems, are gaining popularity as it enhances the safety of the passengers and the vehicles. Automotive camera manufacturers are also working on developing an effective device that could strengthen overall safety. For instance, Mercedes-Maybach S-Class is integrated with a roof-mounted camera. The camera sends real-time footage to the center display panel. Thus, such advancements are expected to bring lucrative growth opportunities for the automotive camera & camera module market during the analysis period.
The growing use of automotive cameras in order to offer environmental monitoring capabilities is projected to bring lucrative growth opportunities for the overall market. It allows the driver to operate the vehicle efficiently. Moreover, some next-generation cameras offer 360-degree video views, which will unfold opportunities for the overall automotive camera & camera module market.
On the flip side, the fluctuating price of raw materials may limit the growth of the automotive camera & camera module market.
Competitors in the Market
• Aptiv PLC
• Veoneer Inc.
• Continental AG
• DENSO Corporation
• Ficosa Internacional SA
• Magna International Inc.
• Intel Corporation
• Robert Bosch GmbH
• ZF Friedrichshafen AG
• Hyundai Mobis Co., Ltd.
• Valeo
• Other Prominent Players
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The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Automotive Camera & Camera Module industry experienced notable growth in its workforce. Starting in January, employment within the Automotive Camera & Camera Module sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Automotive Camera & Camera Module output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Automotive Camera & Camera Module output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Automotive Camera & Camera Module market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Automotive Camera & Camera Module market.
Market Segmentation
The global automotive camera & camera module market segmentation focuses on Type, Application, Technology, Vehicle, Distribution Channel, and Region.
By Type
• Single View
• Multi-View
By Application
• Park Assist
• ADAS
By Technology
• Digital
• Thermal
• Infrared
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By Vehicle Type
• Passenger Cars
• Commercial Vehicles
• Electric Vehicles
By Distribution Channel
• OEM
• Aftermarket
By Regional Outlook
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Automotive Camera & Camera Module Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Automotive Camera & Camera Module Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Automotive Camera & Camera Module Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Automotive Camera & Camera Module Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Automotive Camera & Camera Module market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Automotive Camera & Camera Module market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Automotive Camera & Camera Module business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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