The global automotive camera market size reached USD 6.92 Billion in 2021 and is expected to register a revenue CAGR of 11.3% during the forecast period, according to latest analysis by Emergen Research. Rising demand for autonomous vehicles and increasing need for easy and convenient driving are expected to support market revenue growth between 2022 and 2030. In addition, implementation of rigorous road safety rules and regulations by governments of different countries is expected to drive revenue growth of the global market. Increasing number of vehicles on road is creating serious problems, such as traffic congestion and increase in road accidents. Therefore, governments of various countries are implementing stringent safety norms by mandating vehicle manufacturers and Original Equipment Manufacturers (OEMs) to integrate advanced safety technologies in vehicles to reduce road fatalities.

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Key Highlights from the Report

  • Passenger vehicles segment is expected to account for a larger revenue share during the forecast period, owing to rapid urbanization and high population growth, along with improving living standards, and high purchasing power of people in many parts of the world.
  • Infrared camera segment is expected to register a rapid revenue CAGR during the forecast period, due to increasing need for detecting obstacles even from a long range.
  • Park assist system segment is expected to lead in terms of revenue contribution to the global market over the forecast period, due to increasing need for helping drivers to park vehicles with better precision.

Regional Analysis Covers:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Competitive Landscape:

Major companies profiled in the market report include Intel Corporation (Mobileye, Inc.), Robert Bosch GmbH, Denso Corporation, Continental AG, Magna International, Inc., Valeo S.A., TRW Automotive U.S. LLC, Aptiv Plc, Autoliv, Inc., and Garmin, Ltd.

Market Overview:

The report bifurcates the Automotive Camera market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

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Emergen Research has segmented the global automotive camera market on the basis of vehicle type, technology, application, and region:

  • Vehicle Type Outlook (Revenue, USD Billion; 2019–2030)
    • Passenger Vehicles
    • Commercial Vehicles
  • Technology Outlook (Revenue, USD Billion; 2019–2030)
    • Infrared Camera
    • Thermal Camera
    • Digital Camera
  • Application Outlook (Revenue, USD Billion; 2019–2030)
    • Park Assist System
    • Lane Departure Warning System (LDWS)
    • Adaptive Cruise Control (ACC) System
    • Driver Monitoring System
    • Autonomous Emergency Braking (AEB) System
    • Blind Spot Detection (BSD)
    • Others

Unfolding the prime factors prompting global market growth:

  • The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Automotive Camera market into a broad product spectrum.
  • The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
  • A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.

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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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