Automotive Camera Market by Technology (Digital, Infrared, Thermal), ICE and EV Application (ACC, BSD, AFL, IPA, DMS, NVS, & PA), Vehicle Type (PC, LCV, HCV), View (Front, Rear, Surround), EV Type, Level of Autonomy & Region - Global Forecast to 2030
[399 Pages Report] The automotive camera market worldwide size was valued at USD 8.3 billion in 2024 and is expected to reach USD 16.0 billion by 2030, at a CAGR of 11.5% during the forecast period. The rapid advancement in autonomous driving technology is driving substantial expansion in the global automotive camera market, prompting the need for sophisticated imaging solutions. With the continuous rise of smart vehicles, there is a growing requirement for advanced driver assistance systems equipped with high-resolution cameras to enhance safety and functionality. Moreover, heightened attention to road safety standards is fueling the adoption of automotive cameras, aimed at reducing accidents and improving overall driving experience.
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Market Dynamics:
Driver: Increasing consumer demand for ADAS in vehicles
Consumers worldwide are increasingly expecting their vehicles to have some level of advanced safety and driver assistance features. This growing consumer demand is a significant driver for the automotive camera market. ADAS features like lane departure warning and collision avoidance rely heavily on camera inputs. Consumers prioritize these features as they enhance safety, provide convenience, and improve the driving experience. The surge in consumer expectations for ADAS is pushing automakers to integrate advanced camera systems into vehicles to meet these demands. As a result, the market is experiencing substantial growth to cater to the increasing need for safety and assistance features in modern vehicles. Integrating automotive cameras enables functionalities like pedestrian detection, traffic sign recognition, and parking assistance, enhancing overall safety for vehicle occupants and pedestrians alike. This consumer-driven trend toward ADAS-equipped vehicles is fueling the market. Automakers are responding by incorporating sophisticated camera technologies to enhance safety, provide driver assistance, and meet the evolving expectations of consumers for advanced features in their vehicles. For instance, in October 2023, Hyundai (South Korea) announced that 60% of its models in India will be equipped with ADAS by 2024 and 100% by 2026. Hyundai sells vehicles such as Tucson and Ioniq 5, along with other entry-level and mid-segment vehicles. Hyundai Tucson uses forward-looking cameras and surround-view monitors, while Ioniq 5 uses monocular cameras and mirror cameras, all of which are from Hyundai Mobis (South Korea). The market is growing rapidly to keep up with this consumer trend.
Restraint: Impact of adverse weather conditions
Adverse weather conditions, temperature fluctuations, and vibrations can restrain the growth of the automotive camera market. Cameras must operate reliably in various harsh conditions, such as heavy rain, fog, snow, and dust, which can obscure lenses and sensors, reducing visibility and accuracy. For example, fog in the UK and heavy rain in tropical regions like Southeast Asia can scatter light and create glare, making it difficult for cameras to capture clear images. Snow and dust, common in Nordic countries and desert regions, can cover lenses, obstructing the camera’s view entirely.
Temperature extremes, whether hot or cold, also impact camera performance. High temperatures in regions like the Middle East can cause overheating, affect electronics, and lead to potential malfunctions or reduced camera lifespan. Conversely, extremely low temperatures in Nordic countries can cause condensation inside the camera housing or on the lens, further impairing visibility and functionality. Additionally, the constant vibrations and shocks that vehicles experience, especially on rough terrains or at high speeds, can lead to misalignment or mechanical wear and tear on the camera components. This affects the camera’s immediate performance and necessitates frequent recalibration and maintenance, increasing the overall cost and complexity of using these systems.
Opportunity: Growing push for autonomous vehicles
The push toward autonomous vehicles is acting as a key growth opportunity for the automotive camera market. Autonomous vehicles, also known as self-driving cars, are vehicles that can operate without human input, using a combination of sensors, GPS, and artificial intelligence (AI) to navigate roads and traffic. They are becoming the focus of attention due to their potential to revolutionize the transportation industry, offering improved safety, increased mobility, and enhanced convenience.
Autonomous vehicles will heavily rely on automotive cameras as a crucial component of their sensor suite, providing high-resolution images and video feeds that enable the vehicle's AI system to detect and respond to its surroundings. Automotive cameras will play a vital role in enhancing the safety and efficiency of autonomous vehicles by providing a 360-degree view of the vehicle's surroundings, detecting obstacles, and enabling features like lane departure warning, blind spot detection, and automatic emergency braking. The integration of cameras with AI algorithms will enable autonomous vehicles to interpret visual data, make informed decisions, and react accordingly, ensuring a safe and smooth driving experience.
In April 2024, Hyundai (South Korea) announced plans to conduct a major self-driving test in South Korea, featuring a L4 autonomous vehicle based on the Hyundai Ioniq 5. The test will cover 37.3 miles in Incheon, generating valuable data for commercialization and mass production. The Ioniq 5 is equipped with a mirror camera and a monocular camera, among other cameras, from Hyundai Mobis (South Korea).
Challenge: Low adoption and high cost of newer technologies
The low adoption of advanced technologies such as thermal and infrared imaging poses a significant challenge for the automotive camera market. The limited uptake of these cutting-edge technologies can be attributed to higher development costs and the complexity associated with integrating thermal and infrared imaging capabilities into automotive camera systems. The specialized nature of thermal and infrared imaging technology requires substantial investment in research, development, and manufacturing, leading to higher overall costs for these advanced camera solutions. The scarcity of expertise and infrastructure for producing and implementing thermal and infrared imaging systems further decreases the adoption rate. The high costs associated with these advanced technologies may deter some market segments from investing in them, especially in price-sensitive markets or regions with limited resources for technology development. Mercedes-Benz S-Class employs a near-infrared camera module from Robert Bosch GmbH, while Cadillac Escalade utilizes Veoneer's thermal camera, both enhancing night vision capabilities and other applications. Infrared cameras and thermal cameras are more expensive, with average prices ranging from USD 146-USD 152 and USD 167-USD 172, respectively, compared to digital cameras priced around USD 30-USD 35.
Overcoming these challenges will require concerted efforts to drive innovation, reduce production costs, and enhance the accessibility of thermal and infrared imaging solutions within the automotive camera market, ultimately enabling broader adoption and integration of these advanced technologies into next-generation vehicle systems.
Market Ecosystem
The automotive camera market is a network of interconnected companies working together to provide advanced camera technology for vehicles. Key players include sensor manufacturers like Sony Semiconductor Solutions Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), and OmniVision (US), who produce image sensors; lens manufacturers such as Sunny Automotive Optech Co., Ltd. (China), Nidec Corporation (Japan), and Ricoh Company Ltd. (Japan), who supply high-quality lenses; and software and technology providers like LG Corp (South Korea), STMicroelectronics (Switzerland), and Texas Instruments Incorporated (US), who develop software and technical solutions. Tier 1 suppliers like Robert Bosch GmbH (Germany), Valeo (France), Denso Corporation (Japan), and Ficosa International SA (Spain) assemble these components into complete camera systems, while cloud service providers such as Amazon Web Services, Inc. (US), Google Cloud (US), and Microsoft Azure (US) provide cloud storage and processing solutions. Leading automakers like BMW (Germany), Toyota (Japan), Mercedes-Benz AG (Germany), and Tesla (US) then integrate these camera systems into their vehicles for functions like parking assist and collision avoidance. This collaborative network ensures the delivery of advanced camera technology that enhances vehicle safety and functionality.
The digital segment is estimated to exhibit the largest growth in the global automotive camera market.
The digital segment is expected to be the largest in the automotive camera market during the forecast period, primarily due to the increasing demand for driver assistance applications and vehicle safety features. Digital cameras are widely used in applications such as dash cams, lane keep assist, blind spot detection, and more. Recent development like Sony Semiconductor Solutions Corporation's (Japan) announcement in September 2023 of a new 17.42MP CMOS image sensor for automotive cameras highlight this trend. This new sensor enhances sophisticated sensing and recognition performance, significantly contributing to safe and secure automated driving. Such innovations underscore the rising demand for digital automotive cameras, positioning this segment for substantial growth in the coming years.
The adaptive cruise control segment within ICE application is expected to have a significant growth in the automotive camera market during the forecast period.
Adaptive Cruise Control (ACC) is a smart driving aid increasingly found in regular cars with combustion engines. It helps cars maintain a steady speed while keeping a safe distance from vehicles in front. This system uses sensors like radar or cameras to detect nearby cars and adjust speed accordingly. ACC is handy for preventing rear-end collisions and reducing the severity of accidents. It also eases driver stress by automatically managing speed, especially in heavy traffic or on long trips. Automotive cameras are crucial for ACC. They provide visual information to supplement radar sensors, helping the system operate effectively in different driving conditions. These cameras, usually placed in the car's front, give vital details like lane markings and potential obstacles, enhancing ACC's accuracy. Many carmakers like BMW (Germany), Audi (Germany), Mercedes-Benz (Germany), Volkswagen (Germany), Volvo (Sweden), Chevrolet (US), Chrysler (US), Ford (US), Honda (Japan), Toyota (Japan), and Lexus (Japan), offer ACC as a standard or optional feature in their vehicles. As technology advances and safety becomes more important, ACC is expected to become more common in different types of cars.
The heavy commercial vehicle segment is expected to exhibit the fastest growth in the automotive camera market during the forecast period.
Automotive cameras are essential in enhancing safety and efficiency in heavy commercial vehicles through various functions, with driver monitoring systems and blind spot detection standing out. Driver monitoring systems, utilizing cameras to monitor driver behavior, help prevent accidents by detecting signs of fatigue or distraction. Blind spot detection, when augmented by cameras, alerts drivers about vehicles in their blind spots, reducing collision risks during maneuvers or lane changes. These functions are crucial in preventing accidents and optimizing fleet efficiency in logistics and supply chain operations.
Driver monitoring systems effectively address driver fatigue and distractions, reducing accident risks and ensuring safety for both lives and assets. Blind spot detection, when combined with lane keep assist and lane departure warning systems, enhances driver awareness, thereby minimizing the probability of collisions caused by blind spot-related incidents. Furthermore, the integration of automotive cameras in heavy commercial vehicles extends to other functionalities such as intelligent park assist and adaptive cruise control systems, thereby streamlining operations and improving maneuverability. In heavy commercial vehicles, especially semi-trucks and trailers with expansive lengths (80 – 100 feet or more), blind spots can pose significant risks, increasing the potential for accidents, particularly in crowded urban areas or during lane changes. However, through features like blind spot detection, automotive cameras are used to provide real-time alerts to drivers about vehicles in their blind spots, helping mitigate collision risks. By addressing inherent blind spots in heavy commercial vehicles, these camera-based systems enhance road safety, safeguarding drivers and other road users from potential accidents. Thus, automotive cameras equipped with blind spot detection features play a crucial role in mitigating blind spot-related risks and enhancing overall safety in heavy commercial vehicles, particularly those with complex configurations.
"The Asia Pacific automotive camera market is projected the largest growth by 2030."
Asia Pacific is estimated to be the largest automotive camera market by 2030. The market in Asia Pacific includes China, India, Japan, South Korea, Thailand, and the Rest of Asia Pacific. China holds the largest market share, followed by Japan and South Korea. High vehicle production and the increasing adoption of advanced electronics and safety systems in these countries significantly contribute to the regional market growth. The market is expected to expand further as vehicle sales with essential safety features continue to rise in the coming years.
The ADAS market in Asia Pacific, which drives the automotive camera market, is dominated by China, South Korea, and Japan. Governments in these countries have implemented various initiatives to attract major OEMs, recognizing the growth potential of the automotive sector. Many European and US automakers, including Volkswagen Group (Germany), Mercedes-Benz (Germany), and General Motors (US), have moved their manufacturing operations to emerging economies in Asia Pacific. Additionally, several prominent automotive camera manufacturers, such as Denso Corporation (Japan), Continental AG (Germany), Robert Bosch GmbH (Germany), and Sony Semiconductor Solutions Corporation (Japan), have established production facilities in the region.
Automobile manufacturers are increasingly relocating their facilities to the Asia Pacific region, attracted by its growing population and favorable government policies that support industrial growth. As a result, Asia Pacific has emerged as the world's largest automotive market, boosting sales and production. In countries like Japan and South Korea, where stringent safety regulations are already in place, demand is expected to rise over the next five years.
Key Market Players
The global automotive camera market is dominated by major players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Valeo (France), ZF Friedrichshafen AG (Germany), Denso Corporation (Japan), and Ficosa International SA (Spain), among others.
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Report Metric |
Details |
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Market size available for years |
2019–2030 |
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Base year considered |
2023 |
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Forecast period |
2024-2030 |
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Forecast units |
Value (USD Million) , Volume (Thousand Units) |
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Segments Covered |
Technology, ICE Application, Vehicle Type, View Type, EV Type, EV Application, Level of Autonomy |
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Geographies covered |
Asia Pacific, Europe, North America, and Rest of the World |
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Companies Covered |
Robert Bosch GmbH (Germany), Continental AG (Germany), Valeo (France), ZF Friedrichshafen AG (Germany), and Denso Corporation (Japan). |
This research report categorizes the automotive camera market based on Technology, ICE Application, Vehicle Type, View Type, EV Type, EV Application, Level of Autonomy, and region
Automotive Camera Market, By Technology:
- Digital
- Infrared
- Thermal
Automotive Camera Market, By ICE Application:
- Adaptive Cruise Control
- Adaptive Cruise Control + Forward Collision Warning
- Adaptive Cruise Control + Forward Collision Warning + Traffic Sign Recognition
- Blind Spot Detection
- Blind Spot Detection + Lane Keep Assist + Lane Departure Warning
- Adaptive Lighting System
- Intelligent Park Assist
- Driver Monitoring System
- Night Vision System
- Parking Assist
Automotive Camera Market, By Vehicle Type:
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Automotive Camera Market, By View Type:
- Front View
- Rear View
- Surround View
Automotive Camera Market, By EV Type:
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
Automotive Camera Market, By EV Application:
- Adaptive Cruise Control
- Adaptive Cruise Control + Forward Collision Warning
- Adaptive Cruise Control + Forward Collision Warning + Traffic Sign Recognition
- Blind Spot Detection
- Blind Spot Detection + Lane Keep Assist + Lane Departure Warning
- Adaptive Lighting System
- Intelligent Park Assist
- Driver Monitoring System
- Night Vision System
- Parking Assist
Automotive Camera Market, By Level of Autonomy:
- L1
- L2&L3
- L4/L5
Automotive Camera Market, By Region
- Asia Pacific
- Europe
- North America
- Rest of the World
Recent Developments
- In March 2024, ZF Friedrichshafen AG (Germany) acquired a 6% stake in the South Korean software company StradVision, an artificial intelligence-based vision processing technology for autonomous vehicles and ADAS. The acquisition extends ZF’s autonomous driving perception and sensor fusion capabilities.
- In January 2024, Valeo (France) collaborated with Teledyne FLIR LLC (US), part of Teledyne Technologies Incorporated, to bring thermal imaging technology to the automotive industry to enhance the safety of road users.
- In January 2024, Continental AG (Germany) unveiled Face Authentication Display, a two-stage access control system based on biometric user recognition, which uses special camera systems mounted externally on the vehicle’s B-pillar and behind the driver display console. With biometric face authentication, the vehicle unlocks and starts upon detecting a registered user while enabling driver monitoring for enhanced safety.
- In December 2023, Valeo (France) launched the first remanufactured windshield-mounted video camera at Valeo's Circular Electronics Lab.
- In October 2023, Denso Corporation (Japan) collaborated with Koito Manufacturing Co., Ltd. (Japan) to develop a system to improve the object recognition rate of vehicle image sensors at night.
- In September 2023, Robert Bosch GmbH (Germany) launched standalone camera heads at the IAA Mobility 2023. It enables ADAS functionality from SAE levels 0 to 4 and includes 3 and 8 MP versions that are scalable up to 12 MP. The standalone camera heads include a tele camera, front and rear cameras, a camera wing-back, a camera wing front, and a new range camera.
Frequently Asked Questions (FAQ):
What is the current size of the global automotive camera market?
The global automotive camera market size is estimated to be USD 8.3 Billion in 2024 and expected to reach USD 16.0 Billion by 2030.
Who are the winners in the global automotive camera market?
The automotive camera market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Valeo (France), ZF Friedrichshafen AG (Germany), Denso Corporation (Japan), and Ficosa International SA (Spain), among others. These companies develop new products, adopt expansion strategies, and undertake collaborations, partnerships, and mergers & acquisitions to gain traction in the automotive camera market.
What are the new market trends impacting the growth of the automotive camera market?
The new market trends, such as growth of autonomous vehicles and advancements in thermal imaging, are impacting the growth of the automotive camera market.
Which region is expected to be the largest market during the forecast period?
Asia Pacific is anticipated to be the largest automotive camera market due to the growing demand for driver assistance features by consumers in the region.
What is the total CAGR expected to be recorded for the automotive camera market during 2024-2030?
The market is expected to record a CAGR of 11.5% from 2024-2030. .
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The study involved four major activities to estimate the current size of the automotive camera market. Exhaustive secondary research collected information on the market, the peer market, and model mapping. The next step was to validate these findings and assumptions and size them with industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used to determine the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources were used to identify and collect information on the automotive camera market for this study. Secondary sources for this research study include corporate filings, such as annual reports, investor presentations, and financial statements; trade, business, and professional associations; whitepapers and automotive software-related journals; certified publications; articles by recognized authors; directories; and databases. Secondary research has been used to obtain key information about the industry's supply chain, the overall pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from the market- and technology-oriented perspectives.
Primary Research
Extensive primary research has been conducted after understanding the automotive camera market scenario through secondary research. Several primary interviews have been conducted with market experts from demand-side automotive camera providers and supply-side OEMs across four major regions: North America, Europe, Asia Pacific, and Rest of the World. Approximately 24% and 76% of primary interviews have been conducted from the demand and supply sides, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and marketing, were covered to provide a holistic viewpoint in the report.
After interacting with industry experts, we also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter expert opinions, led us to the findings as described in the remainder of this report.
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Market Size Estimation
A detailed market estimation approach has been followed to analyze and validate the value and volume of the automotive camera market and other dependent submarkets. Key players in the market have been identified through secondary research, and their global market shares have been determined through primary and secondary research. The research methodology includes the study of the annual and quarterly financial reports & regulatory filings of major market players, as well as interviews with industry experts for detailed market insights. All major penetration rates, percentage shares, splits, and breakdowns for the market have been determined using secondary sources and model mapping and verified through primary sources. All key macro indicators affecting the revenue growth of the market segments and subsegments have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative & qualitative data. The gathered market data has been consolidated and added with detailed inputs, analyzed, and presented in this report.
Global Automotive Camera Market Size: Bottom-Up Approach
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Global Automotive Camera Market Size: Top-Down Approach
Data Triangulation
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The following figure is an illustrative representation of the overall market size estimation process employed for this study.
Market Definition
Automotive Camera: A camera is a device that records visual images in the form of photographs, film, or video signals. In the automotive sector, the camera is used as an advanced safety device for enhancing the visibility of the surrounding environment of a driver to improve vehicle safety. An automotive camera records images through lenses and converts them into electrical signals. The growing demand for advanced driver assist systems (ADAS) in developed and emerging economies is attributed to the use of cameras in various applications such as park assist, cross-traffic alert, and pedestrian detection systems.
Key Stakeholders
- ADAS Integrators
- Automotive Camera Component Manufacturers
- Automotive Camera Manufacturers
- Automotive Software and Platform Providers
- Autonomous Driving Platform Providers
- Government and Research Organizations
- National Highway Traffic Safety Administration (NHTSA)
- Raw Material Suppliers for Automotive Cameras
- Transport Authorities
- Vehicle Safety Regulatory Bodies
Report Objectives
- To segment and forecast the size of the global automotive camera market by value & volume based on technology (Digital, Infrared, and Thermal)
- To segment and forecast the size of the global market, by value & volume, based on ICE application (Adaptive Cruise Control; Adaptive Cruise Control + Forward Collision Warning; Adaptive Cruise Control + Forward Collision Warning + Traffic Sign Recognition; Blind Spot Detection; Blind Spot Detection + Lane Keep Assist + Lane Departure Warning; Adaptive Lighting System; Intelligent Park Assist; Driver Monitoring System; Night Vision System; Parking Assist)
- To segment and forecast the size of the global market by value & volume based on vehicle type (ICE) (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle)
- To segment and forecast the size of the global market by value & volume based on view type (Front View, Surround View, and Rear View)
- To segment and forecast the size of the global market by value, based on EV type [Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)]
- To segment and forecast the size of the global market, by value & volume, based on EV application (Adaptive Cruise Control; Adaptive Cruise Control + Forward Collision Warning; Adaptive Cruise Control + Forward Collision Warning + Traffic Sign Recognition; Blind Spot Detection; Blind Spot Detection + Lane Keep Assist + Lane Departure Warning; Adaptive Lighting Systems; Intelligent Park Assist; Driver Monitoring Systems; Night Vision Systems; Parking Assist)
- To segment and forecast the size of the global market by value, based on level of autonomy (Level 1, Level 2 & Level 3, and Level 4/ Level 5)
- To segment and forecast the size of the market, by value & volume, based on region (Asia Pacific, Europe, North America, and Rest of the World)
Available Customizations
With the given market data, MarketsandMarkets offers customizations per the company's specific needs.
- By application and vehicle type (ICE)
- By application and EV type (EV)
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Growth opportunities and latent adjacency in Automotive Camera Market