Asia Pacific Automotive Camera Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Application (Park Assist and ADAS), Type (Mono Camera, Surround View Camera, and Rear View Camera), Vehicle Type (Passenger Cars and Commercial Vehicle), a

Asia Pacific Automotive Camera Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Application (Park Assist and ADAS), Type (Mono Camera, Surround View Camera, and Rear View Camera), Vehicle Type (Passenger Cars and Commercial Vehicle), and Level of Autonomy (L1, L2, L3, and Others)     

The automotive camera market in Asia Pacific is expected to grow from US$ 3,807.72 million in 2022 to US$ 15,130.35 million by 2028; it is estimated to grow at a CAGR of 25.9% from 2022 to 2028.
ADAS covers a wide range of active and passive systems that improve the safety and comfort of drivers, passengers, and pedestrians with the help of embedded vision by reducing accidents and injuries. The system is equipped with various components, including cameras, sensors, radar, and software. It is also used for featured applications such as adaptive cruise control, park assist, lane warning departure system, navigation system, night vision, blind-spot detection, autonomous emergency braking, pedestrian detection/avoidance, driver monitoring system, and traffic sign recognition. These factors are helping the driver to have a safe and reliable drive, further augmenting the adoption of ADAS in various automotive segments. Major OEMs are embracing ADAS solutions to achieve high safety ratings to attract consumers. Thus, the advantageous features of ADAS would propel the demand for components, such as radar, ultrasonic sensors, cameras, and LiDAR, during the forecast period. Hence, the growing adoption of ADAS is expected to bolster the Asia Pacific automotive camera market in the coming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific automotive camera market at a substantial CAGR during the forecast period.
Asia Pacific Automotive Camera Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Automotive Camera Market Segmentation
The Asia Pacific automotive camera market is segmented into application, type, vehicle type, level of autonomy, and country. Based on application, the Asia Pacific automotive camera market is bifurcated into park assist and ADAS. The park assist segment accounted for a larger market share in 2022. Based on type, the Asia Pacific automotive camera market is categorized into mono camera, surround view camera, and rear view camera. The rear view camera segment accounted for the largest market share in 2022, owing to increasing awareness for safe driving that needs the proportion of cars with a rear view camera. Based on vehicle type, the Asia Pacific automotive camera market is bifurcated into passenger cars and commercial vehicle. The passenger cars segment accounted for a larger market share in 2022 owing to growing initiatives for introducing regulatory policies for safety and comfort for passenger vehicles. Based on level of autonomy, the automotive camera market is segmented into L1, L2, L3, and others. The L1 segment accounted for a larger market share in 2022. Moreover, the L2 segment is projected to observe significant growth during the forecast period owing to the growing demand for driver assistance systems. Based on country, the Asia Pacific automotive camera market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held the largest market share in 2022.
Aptiv PLC; Autoliv Inc.; Continental AG; FLIR Systems, Inc.; Gentex Corporation; Magna International Inc.; Mobileye; Robert Bosch GmbH; Stonkam Co., Ltd.; and Valeo are among the leading companies operating in the Asia Pacific automotive camera market.

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