Germany Automotive Camera Market Size

Statistics for the 2023 & 2024 Germany Automotive Camera market size, created by Mordor Intelligence™ Industry Reports. Germany Automotive Camera size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Germany Automotive Camera Industry

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Germany Automotive Camera Market_Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 13.00 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Germany Automotive Camera Market Analysis

The Germany Automotive Camera Market is anticipated to register a CAGR of over 13% during the forecast period (2020 - 2025).

  • The growing demand for automobiles, increasing safety concern among customers, stringent government norms, latest innovation technology, rapid adoption of ADAS and availability of cast-effective parking cameras and sensors in aftermarket are some of the major drivers of growth of the market.
  • However, high cost of the module has been slightly hindering the market growth. ADAS like Adaptive cruise control (ACC), Forward Collision Warning System (FCWS) and Automatic Emergency Braking (AEB) requires 3 to 6 cameras to be installed on the vehicle. 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.
  • Thermal camera and multi camera systems are expected to exhibit the highest growth rate in sensing camera and application segments during the forecast period.
  • Passengers are more likely to prefer the latest advancements in the camera technology such as 360 degrees camera that captures the image from multiple cameras and display a consolidated image on split screen.
  • Government strict norms such as installing vehicles with advanced safety features like ADAS. European authorities make installation of Automotive Emergency Braking (AEB) and Forward Collision Avoidance/Warning System mandatory by 2020. This is likely to boost the sales of automotive cameras over the forecast period.

Germany Automotive Camera Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)