Automotive Camera Market - Growth, Trends, and Forecast (2019 - 2024)

The Automotive Camera Market is segmented by Type (Viewing Camera and Sensing Camera), Application (ADAS and Parking), and Geography.

Market Snapshot

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Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The automotive camera market is expected to register a CAGR of 14.34%, during the forecast period, 2019-2024.

  • Growing automotive safety systems, advancements in camera-based drive assistance sensors, and growing aftermarket sales of parking cameras are some of the major factors driving the market growth.
  • However, high cost of the module has been slightly hindering the market growth. These cameras in an automotive cost almost 8 times the module in a mobile phone camera, making it a challenge for entry into the market.
  • However, latest advancements in the camera technology and mass production of these units are expected to bring down the price drastically, creating a scope of venture in the sector.
  • India and China are emerging as automotive part manufacture hubs and suppliers for the western automakers, and this is expected to drive the market for cameras in the Asia-Pacific region over the coming five years.

 

Scope of the Report

Cameras used for various applications, like viewing front, rear, and around view of the vehicle and sensing the lane path, traffic signs, objects in night vision, etc., have been considered in the scope of the market.

The automotive camera market study has been segmented by type and application.

 

By Type
Viewing Camera
Sensing Camera
By Application
Advanced Driver Assistance Systems (ADAS)
Parking
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
France
United Kingdom
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Brazil
South Africa
Other Countries

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Key Market Trends

Sensing Camera to Witness the Fastest Growth

Systems using cameras for remote sensing are gradually becoming an integral part of an active safety system in vehicles. Sensing cameras provide a higher level of performance than general-purpose driving cameras, while also meeting the required automotive quality standards as cost-effective solutions. These are intelligent safety systems with two key components: the remote sensors (using remote sensing technologies) and the processing computer. A remote sensor is a device that collects data about real-world conditions through sensors, such as radar, ultrasonic sensors, and cameras. The processing computer receives data from these cameras and sensors, then makes a decision, and sends commands to the vehicle subsystems.

With the increasing adoption of ADAS features in vehicles, the demand for cameras has been increasing significantly. Owing to the aforementioned trends, the number of automotive camera shipments is expected to exceed 170 million units in the global market by 2020.

trend

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North America Captured the Largest Market Share

Large-scale domestic automobile production and increasing government initiatives toward the integration of driver-assisted technologies in automobiles to enhance the driving experience and safety are the primary factors that have been significantly contributing to the growth of the automotive camera market in the region.

The US Department of Transportation proposed the requirement of a camera in vehicles in 2014. After years of delay, the federal regulation finally took full effect in May 2018, which mandated the deployment of rearview cameras and video displays in new vehicle models under 10,000 lbs.

Chicago Transit Authority (CTA) estimated that the US wholesale shipment of dashboard camera (one of viewing camera types) is likely to reach 285,000 units in 2018, which was increased by 20% from that of 2017. The dashboard cameras are gaining immense popularity among governments and insurance companies, and they are encouraging users and automotive manufacturers to integrate the product within the internal architecture of the automotive, as they prevent accidents and deter crimes.

Automotive Camera Market - Regional

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Competitive Landscape

The automotive camera market is highly fragmented, due to the presence of many regional players. However, some of the major players, like Garmin Ltd, Panasonic Corporation, Continental AG, Autoliv Inc., and Magna international, among others, have captured significant shares in the market. These companies are focusing on strategic collaborative initiatives to expand their market shares and profitability. For instance, in January 2018, Garmin, with support from Amazon Alexa, has launched Garmin Speak Plus, by adding a built-in dash camera to its innovative Garmin Speak.

Major Players

  1. Garmin Ltd
  2. Continental AG
  3. Panasonic Corporation
  4. Magna International Inc.

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Viewing Camera

      2. 5.1.2 Sensing Camera

    2. 5.2 By Application

      1. 5.2.1 Advanced Driver Assistance Systems (ADAS)

      2. 5.2.2 Parking

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 France

        3. 5.3.2.3 United Kingdom

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Other Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Gentex Corporation

      2. 6.2.2 Continental AG

      3. 6.2.3 Autoliv Inc.

      4. 6.2.4 Hella KGaA Hueck & Co.

      5. 6.2.5 Panasonic Corporation

      6. 6.2.6 Robert Bosch GmbH

      7. 6.2.7 Valeo SA

      8. 6.2.8 Magna International Inc.

      9. 6.2.9 ZF Friedrichshafen AG

      10. 6.2.10 Garmin Ltd

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER

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