Market Share of Europe Automotive Camera Industry
The Europe Automotive Camera market is dominated by several key players such as Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, and others. The market is highly driven by factors like advanced technology, growing investment in R&D projects, and a growing market of electric and autonomous vehicles around the region. The automotive camera manufacturers are looking for strategic partnerships with established original equipment manufacturers (OEMs) to achieve a contract to supply the entire camera system to them.
In January 2023, ZF Friedrichshafen AG produced over 50 million cameras for customers. ZF and its partner Mobileye design, develop and deliver camera systems based on Mobileye's EyeQ processors for advanced object recognition technology.
In May 2022, Valeo produced a one hundred millionths automotive nearfield camera, which gives the car its rear and surround vision, at its Tuam site in Ireland. It now plans to produce more than 20 million cameras a year and delivers as many units to OEMs in the next four years as it did in the last 15, meaning another 100 million cameras by 2026.
In October 2021, LG Electronics Inc. announced that its Advanced Driving Assistance System (ADAS) front camera is available in the Mercedes-Benz C-Class.
Europe Automotive Camera Market Leaders
Continental AG
ZF Friedrichshafen AG
Robert Bosch GmbH
Valeo SA
Ficosa Internacional SA
*Disclaimer: Major Players sorted in no particular order
