Automotive Camera Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

The Automotive Camera Market is expected to grow at a CAGR of 10.9% during the forecast period, to reach USD 15.8 billion by 2027 from an estimated USD 7.8 billion in 2019.

Automotive cameras are utilized for a variety of applications such as cruiser control systems and night vision systems in vehicles, particularly in passenger cars. Automotive cameras are installed in the rear and front side of automobiles as well as inside them for safety purposes. Vehicles equipped with these cameras offer better driving experience by enhancing the front and rear view of the driver.

Ongoing Advancements in Camera Technology Leading toward Cost Reduction

Over the past few years, camera-based automotive systems such as driver assistance systems have witnessed a surge in advancements, along with increasing aftermarket sales of cameras for parking surround view. Ongoing advancements in camera technology coupled with spurred production output are likely to reduce the cost of automotive cameras drastically, thereby propelling their adoption. Demand for sensing cameras for application in advanced driver assistance systems (ADAS) has increased significantly, with rising focus on safety measures on the back of road accidents. Automotive cameras have evolved considerably for integration with safety systems of vehicles. For example, a lane departure warning system leverages the video camera technology, equipped with electrically-powered steering, for enabling speedy feedback in case of critical conditions, such as swaying away from the active lane.

Increasing demand for cameras such as thermal camera, digital camera, and infrared camera in commercial vehicles is further expected to augment growth of the automotive camera market. In addition, shifting concentration of manufacturers toward using camera as a replacement for side-view mirrors will create new opportunities in the foreseeable future.

APEJ to Remain Most Financially Rewarding Market for Automotive Camera

Countries in Asia-Pacific excluding Japan (APEJ), such as South Korea, India and China, are experiencing rapid growth in industrialization, coupled with spurred automobile production. Increasing purchasing power of the middle-class population have fuelled demand for passenger vehicles as well as luxury vehicles equipped with advanced safety systems. These factors have been significantly driving growth of the automotive camera market in APEJ. APEJ will continue to be the most financially rewarding market for automotive camera.

Europe is also expected to be a lucrative region for expansion of the automotive camera market. The market growth in Europe is mainly driven by soaring production volumes of light commercial vehicles, subsequent stringency in EC regulations, and impact of the New Car Assessment Program (NCAP). Vehicle owners in Europe highly demand for various driver assistance systems such as parking assistance systems and lane-departure warning systems. Automotive Camera Manufacturers in the region are seeking strategic partnerships with established OEMs, with an aim of gaining contract for supplying them with the whole camera systems.

Competition Tracking

Key market participants listed by TMR’s report include Ambarella, Continental AG, Ficosa International S.A., KYOCERA Corporation, Delphi Automotive LLP, Media Data Systems Pte Ltd., Autoliv Inc., Qrontech Co. Ltd., Transcend Information Inc., Valeo Inc., and Robert Bosch GmbH.

Thermal Camera is Expected to be the Fastest Growing Segment in the Market, by Technology, During the Forecast Period.

With the steady development of autonomous cars, the thermal camera segment is estimated to grow at the highest rate during the forecast period. The thermal camera is used in a night vision system and reduces the probability of accidents. These cameras can also work at night and adverse weather conditions such as rain, fog, and snow. These benefits of the thermal camera can help increase the safety of autonomous vehicles. The increasing level of automation in vehicles will fuel the demand for thermal cameras.

Multi Camera System is Expected to Grow at the Highest Cagr During the Forecast Period.

The multi camera system segment is expected to grow at the highest CAGR in the market during the forecast period. Multi camera systems play a major role in the development of autonomous vehicles. Multi camera system provides added benefits to achieve higher autonomy levels. The growth of semi-autonomous and autonomous functions is likely to fuel the demand for multi camera technology in the near future. Initially, this system was used in the luxury vehicle segment because of its high cost. However, companies are now promoting multi camera systems as a differentiating factor for their mid-priced and economic vehicles.

High Cost of Implementation of Multi Camera Systems

The automotive multi camera systems have witnessed a number of innovations and technological enhancements. The user experience, safety, and comfort are important aspects to be considered while designing the multi camera system. Multi camera system incorporates several cameras and is integrated with the interior display system. Thus, the multi camera system comprises complex connections and increased wiring with electronics systems. The installation of multi camera systems involves additional installation of components resulting in an increased overall cost of vehicles. However, in premium segment vehicles, the cost is not a matter of concern, but it substantially affects the economic and mid-priced segment vehicles. Vehicle manufacturers are inclined to offer effective, advanced safety features at a minimum price. Thus, the cost factor restricts major OEMs around the world to equip vehicles with technologically-advanced safety features. This rise in the overall cost of vehicles due to the installation of advanced safety features may inhibit the growth of the multi camera system market. Moreover, if cameras incorporated in the system get damaged, the consumer must replace the entire multi camera system which will incur a huge cost. This will also pose a big threat to the growth of the automotive camera market.

Moreover, conceptualization of new technologies in the automotive industry consumes several years for R&D before implementation. Because of a longer R&D phase, the cost of testing and implementation of the multi camera systems in vehicles is high.

Therefore, the high costs involved in the development of multi camera systems have the potential to inflate the overall cost of the multi camera system. This factor poses a major challenge for the growth of the multi camera system market. However, the cost of a multi camera system is likely to decrease in the coming years as large-scale production is expected in the future.

Segmentation

Automotive Camera Market, By Application

• Park Assist
• ADAS

Automotive Camera Market, By Function

• Front View Camera
• Interior View Camera
• Rear View Camera
• Side View Camera

Automotive Camera Market, By View type

• Single View System
• Multi Camera System

Automotive Camera Market, By Technology

• Infrared Camera
• Thermal Camera
• Digital Camera

Automotive Camera Market, By Vehicle Type and Class

• Passenger Cars
• Economy Vehicle
• Mid-Priced Vehicle
• Luxury Vehicle
• Commercial Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Automotive Camera Market, By Region

• North America
• Europe
• Asia Pacific
• RoW

The Automotive Camera market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Automotive Camera market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Automotive Camera market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Camera market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive Camera market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Automotive Camera capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Automotive Camera by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive Camera market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive Camera market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive Camera market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Automotive Camera industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Automotive Camera market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive Camera market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive Camera market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive Camera market. These factors have benefited the growth of the global market for Automotive Camera. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Automotive Camera. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Automotive Camera are as follows:

• History Year: 2016-2019
• Base Year: 2019
• Estimated Year: 2020
• Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.