The automotive camera market is projected to grow from USD 6.8 billion in 2021 to USD 11.3 billion by 2026, at a CAGR of 10.4% during the forecast period. Government initiatives related to vehicle safety features are expected to drive the growth of the automotive camera market. Growing purchasing power and steady growth in the demand for semiautonomous and electric vehicles in the emerging markets have also triggered the demand in the automotive camera market
Some of the key players in the automotive camera market are Continental (Germany), Robert Bosch (Germany), Valeo (France), Aptiv (Ireland), and Magna (Canada). New product developments, expansions, collaborations, and supply contracts are the key strategies adopted by these players to gain traction in the automotive camera market.
Robert Bosch (Germany) is one of the leaders in the automotive market, owing to its strong distribution network at the global level, as well as its extensive automotive camera offerings. It offers driver assistance systems, multi-camera system, rearview system, mono camera, stereo camera, and multi-purpose camera. Substantial investments in the expansion of camera solutions would help the company further expand its footprint in the automotive camera market. In January-2020, Robert Bosch became the first company to develop a production-ready long-range Lidar sensor for automotive use. It made the first Lidar (light detection and ranging) system that is suitable for automotive use. This laser-based distance measurement technology is indispensable for driving functions at SAE Levels 3 to 5 vehicles. The new Bosch sensor will cover both long and close ranges – on highways and in cities.
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Continental AG (Germany) is another leading automotive camera manufacturer. Its solutions include Advanced Driver Assistance Systems, cameras, mono camera, stereo camera, multi-function camera with Lidar, surround view camera, rearview camera, and mirror view camera. The company provides customized solutions to its customers to stay competitive in the market. In October-2021, Continental developed an integrated solution for interior sensor technology, which meets future safety standards and increases vehicle comfort. It offers real-time object monitoring of the entire vehicle interior. The technology meets future safety regulations of the European Commission and the consumer protection organization European New Car Assessment Program (Euro NCAP).
Aptiv (UK) has positioned itself as a global player in the automotive camera market. The company provides intelligent forward view camera systems, Delphi integrated radar and camera system, Delphi intelligent forward view camera (200 series), and Delphi intelligent forward view camera (100 series). The company is focusing on expansion in the market. In 2019, Aptiv had set up the China Autonomous Mobility Center in Shanghai to expand its autonomous driving capabilities to the Chinese market. Such expansions by the company are expected to boost its radar range of products, including camera. In April 2019, Aptiv had set up the China Autonomous Mobility Center in Shanghai to expand its autonomous driving capabilities to the Chinese market. The center will focus on the development and application of the company’s L4 autonomous driving technology.
Valeo is a French global automotive supplier that provides a wide range of products to automakers and aftermarkets. The company operates through business segments, namely, thermal systems, visibility systems, powertrain systems, and comfort & driving assistance systems. It manufactures electronics and connective systems, transmissions, climate control devices, engine cooling devices, lighting systems, electrical systems, wiper systems, motors and actuators, security systems and switches, and detection systems. Automotive cameras are offered through the comfort and driving assistance system segment. In June-2021, Valeo and Navya decided to step up their technological and industrial collaboration in the field of autonomous shuttles. The aim is to ramp up the R&D program to build level 4 autonomous driving systems. Valeo will provide Navya with the sensors and associated algorithms that will enable the vehicle to closely perceive its surroundings. At the end of this phase, Valeo will manufacture and supply the selected components, so that they can be integrated in the autonomous driving solutions marketed by Navya.
Magna has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities that include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting, and roof systems. Magna also has electronic and software capabilities across many of these areas. It offers advanced safety systems such as object detection, traffic sign recognition, lane detection, cross-traffic alert, cameras, and automated parking. It offers a 360-degree surround-view camera, rear-view camera, and micro camera. In January-2021, Magna entered a collaboration with Fisker to develop an ADAS that will be applied to the Fisker Ocean SUV expected to be launched by 2022. This new business win demonstrates Magna’s ability to bring scale and efficiency to the mobility landscape and represent an important expansion of the EV platform sharing, vehicle engineering, and manufacturing cooperation between the two companies.
Automotive Camera Market by Application (ADAS, Park Assist), View Type (Mono, Surround & Rear View), Technology (Thermal, Infrared & Digital), Level of Autonomy (L1, L2&3, L4, L5), Vehicle type & Class, Electric Vehicle & Region - Global Forecast to 2026
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