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

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

The global automotive camera market size is projected to grow from USD 8.3 Billion in 2024 to USD 16.0 Billion by 2030, at a CAGR of 11.5%. The automotive camera market is expanding globally due to the growing demand for premium vehicles and rapid advancements in autonomous vehicle technologies. This trend highlights the use of sophisticated camera systems for driver assistance features such as adaptive cruise control, night vision system, and lane keep assist to enhance safety and driving experience. Additionally, the integration of cutting-edge technologies, such as AI-driven image processing, further accelerates market growth by enabling real-time monitoring. As consumers increasingly prioritize vehicle safety and advanced features, the demand for high-quality automotive cameras continues to rise.

“The Battery Electric Vehicle (BEV) segment is expected to grow the largest during the forecast period.”

Battery electric vehicles (BEV) are experiencing increasing demand due to global concerns about reducing emissions. Previously, the lack of charging stations and the high cost of EV batteries resulted in low demand for BEV. However, recent factors such as decreasing battery costs, extended EV ranges, and the expansion of the global charging network have significantly boosted BEV demand. BEV accounted for a substantial portion of the top-selling EV in the market in 2023.

Models like the Tesla Model Y include advanced autopilot ADAS features, such as adaptive cruise control, auto park, and lane departure warning systems. Leading OEMs such as Nissan (Japan), BMW (Germany), Mercedes-Benz (Germany), Ford (US), and General Motors (US) offer ADAS features in their premium models. Nissan incorporates pro-pilot features in the Nissan Leaf and Nissan Altima, including adaptive cruise control, intelligent park assist, and lane departure warning. Mercedes-Benz offers a drive-pilot in its S Class model, featuring autonomous emergency braking, blind spot detection, lane change warning, speed limit assist, and remote parking assist, positioning itself as a top provider of L3 automation in passenger cars. With the growing adoption of rear-view cameras and various ADAS applications, along with an increasing premium range, BEV are expected to drive significant demand for automotive cameras in the coming years.

“Blind Spot Detection application segment to have notable opportunities during the forecast period.”

A blind spot detection (BSD) system identifies vehicles within the driver's ""blind spot range,"" typically located on the side or rear of the vehicle. The blind spot refers to areas not easily visible to the driver. When another vehicle enters this range, sensors detect it and alert the driver through visual or audio signals. In some vehicles, BSD is integrated with lane departure warnings, providing alerts for potential lane changes. This system employs cameras positioned near the rear-view mirror to capture images, which are then processed to warn the driver. Typically, two units of automotive cameras are installed for this technology. With advancements in safety technology, modern vehicles are increasingly equipped with features like blind spot warning. Automakers such as Dodge (US) and Audi (Germany) contribute to this growth by equipping models like the Dodge Charger and Audi RS3 with BSD, utilizing rear-view cameras from Robert Bosch GmbH (Germany) and Ficosa International SA (Spain), respectively.

“China poised for the largest growth in the Asia Pacific automotive camera market.”

China is among the fastest-growing economies in Asia Pacific and has experienced exceptional growth in the last few decades, becoming the world’s second-largest economy. It is the largest vehicle manufacturer globally and is likely to retain its leading position during the forecast period. The commercialization of autonomous cars is a key driver of the automotive camera market in the country. As companies develop vehicles with more autonomous features, the demand for advanced camera systems is surging. Various automakers, such as Arcfox (China), BMW (Germany), and BYD (China), have received licenses for L3 autonomous vehicle trials across various cities in China, especially since July 2023. These platforms are crucial for processing data from cameras, radar, and LiDAR, ensuring safe and efficient autonomous driving.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the automotive camera market. The break-up of the primaries is as follows:

By Respondent Type: OEMs – 32%, Tier 1 –37% and Others – 28%,

By Designation: CXO’s – 33%, Managers – 52%, and Executives – 15%

By Region: North America – 26%, Asia Pacific – 35%, Europe – 30%, and Rest of the World – 9%

The automotive camera market comprises 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), etc.

Research Coverage:

The study covers the automotive camera market across various segments. It aims to estimate the market size and future growth potential across different segments such as Technology, ICE Application, Vehicle Type, View Type, EV Type, EV Application, Level of Autonomy, and region. The study also includes an in-depth competitive analysis of key market players, their company profiles, key observations related to product and business offerings, recent developments, and acquisitions.

This research report categorizes the automotive camera market by technology (Digital, Infrared, and Thermal), 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), vehicle type (ICE) (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), view type (Front View, Surround View, and Rear View), EV type [Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)], 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), level of autonomy (Level 1, Level 2 & Level 3, and Level 4/ Level 5) and Region (Asia Pacific, Europe, North America, and Rest of the World).

The report's scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the automotive camera market. A detailed analysis of the key industry players provides insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions; and recent developments associated with the automotive camera market. This report covers a competitive analysis of SMEs/startups in the automotive camera market ecosystem.

Reasons to buy this report:

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall automotive camera market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Increasing consumer demand for ADAS in vehicles, Government initiatives for improved vehicle safety, Advancements in camera technology), restraints (Impact of adverse weather conditions, Lack of infrastructure in emerging economies), opportunities (Growing push for autonomous vehicles, Surge in demand for premium vehicles), and challenges (Low adoption and high cost of newer technologies, Integration with other vehicle sensors) influencing the growth of the automotive camera market.

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the automotive camera market.

Market Development: Comprehensive information about lucrative markets – the report analyses the automotive camera market across varied regions.

Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the automotive camera market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Robert Bosch GmbH (Germany), Continental AG (Germany), Valeo (France), ZF Friedrichshafen AG (Germany), Denso Corporation (Japan), and Ficosa International SA (Spain) among others in the automotive camera market.

Strategies: The report also helps stakeholders understand the pulse of the automotive camera market and provides them with information on key market drivers, restraints, challenges, and opportunities.