Automotive Camera Market

Automotive Camera Market worth $13.9 billion by 2028

According to a research report "Automotive Camera Market by Application (ACC, BSD, LDW, FCW, AFL, IPA, Driver Monitoring System & Night Vision), View (Front, Rear, Surround), Technology, Level of Autonomy, ICE-Electric & Hybrid Vehicle, Application & Region – Global Forecast to 2028" published by MarketsandMarkets, the Automotive Camera Market is projected to grow from USD 8.0 billion in 2023 to USD 13.9 billion by 2028, at a CAGR of 11.7%.

Browse 382 market data Tables and 55 Figures spread through 366 Pages and in-depth TOC on "Automotive Camera Market by Application (ACC, BSD, LDW, FCW, AFL, IPA, Driver Monitoring System & Night Vision), View (Front, Rear, Surround), Technology, Level of Autonomy, ICE-Electric & Hybrid Vehicle, Application & Region – Global Forecast to 2028"
View detailed Table of Content here -

Automotive Camera has been widely used for proper functioning of ADAS Applications such as Lane Departure Warning Systems (LDWS), Forward Collision Warning System (FCWS), Blind Spot Warning (BSW), Driver Monitoring system (DMS), Intelligent Park Assist, Night vision system, Traffic sign recognition. With the increase in implementation of these features in modern vehicles to enhance active safety and provide comfort & luxury quotient, the market for Automotive Camera is expected to rise in the coming years.

Digital camera segment is predicted to be the largest segment.

Digital cameras are leading the automotive camera market during the forecast period. Digital cameras are used for various ADAS features such as Adaptive Cruise Control, Lane Departure Warning, Traffic sign recognition, Blind Spot Detection etc. These cameras provide real-time visual information to assist in driving and parking and deliver optimum results with cost effective measures while comparing to other technologies. In terms of cost, digital cameras are cheaper as compared to infrared and thermal camera, whose cost ranges between USD 30 to USD 40. Further, nowadays digital cameras are becoming indispensable feature in every modern vehicle which has application in blind spot detection, parking aids, forward collision warning systems and hence is evolving rapidly with the growing demand of these ADAS features in the vehicles.   Key players such as Robert Bosch, Denso, and Continental AG among others are continuously investing in R&D activities and aiming to develop more advanced technologies to make ADAS applications more efficient and affordable. Thus, the higher need of accurate and reliable results for these digital cameras based advanced safety features is expected to grow in the automotive industry, creating new opportunities for business growth and innovation for its suppliers globally.  For instance, In Sept 2021, Robert Bosch (China) Investment Co., Ltd. developed an automated valet parking with Hycan automobile technology installed in Hycan Z03. The automated valet parking function enables the vehicle to automatically drive to the parking as commanded and park at the destinated location by accurately identifying the direction while avoiding obstacles. This technology is categorized under Level 4 autonomous driving.

Blind Spot Detection is the largest application of Automotive Cameras

Blind Spot Detection is projected to dominate the Automotive Camera application segment in 2023. This prominence of blind spot detection is mainly due to rising adoption of this application and more count of camera installed. Usually, a blind spot detection system uses two cameras, and some OEMs also prefer to use three-four cameras in their luxury cars. To install safety systems in vehicles, countries have implemented several regulations within a stipulated period. For case, the Indian government has made amendments, to mandate the use of advanced brake systems in all new models of commercial vehicles starting from April 2022. The market growth is anticipated to boost owing to the Blind Spot Detection (BSD) segment growth which is attributed to the pioneer OEMs such as Mercedes-Benz, Nissan Motors, Honda Motors, etc.  which are offering the Blind Spot Detection (BSD) features in their variants as a standard or optional feature under its convenience package. Rising government mandates for enhance safety and increasing penetration of camera-based features are some of the major factors driving this segment. European and North American countries already have higher adoption of this system and rising safety concerns and OEMs steps to increase bundle of ADAS features would bring an ideal growth perspective for automotive camera market for blind spot detection application in upcoming years.

North America is estimated to be the leading Market for Automotive Cameras.

The North America region has a higher demand for Automotive Cameras and is projected to account for >35% of the overall market with US leads the regional demand followed by Canada and Mexico. The high disposable income level of the population has resulted in an increasing demand for premium and luxury cars in this region. According to MnM Analysis, Class C and above passenger vehicles contribute around 90-95% of the total passenger cars produced in US. Similar is the trend for Canada leads to higher adoption of luxury cars. These vehicles are mostly equipped with high-end driver-assist functions such as surround view system, pedestrian classification, forward collision warning, adaptive cruise control, and driver monitoring among others. Additionally, government regulations mandating the use of back up camera, which is used in reverse parking, installation of automatic emergency braking (AEB) technologies which include the forward crash warning, crash imminent braking, and dynamic brake support in all light vehicles, etc. act as a growth contributing factor in this region. For instance, the National Highway Transportation Safety Administration (NHTSA) has mandated to install back up camera system by 2019 to reduce the rate of road accidents in U.S.A.  Similarly, back up cameras is also mandatory in Canada. Key players of automotive camera like Robert Bosch, Continental AG, Valeo etc. have major presence in North America region after Europe. Thus, North American automotive camera market is poised for continued growth and innovation in the years to come.

Don’t miss out on business opportunities in Automotive Camera Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Automotive Camera Market Size,  Share & Growth Report
Report Code
AT 3856
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Automotive Camera Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets