New York, United States, Oct. 13, 2022 (GLOBE NEWSWIRE) -- The global vehicle camera market is witnessing a surge due to the rapid rise in the customer demand for autonomous vehicles. Additionally, the proliferation of the demand for advanced safety features in luxurious cars and favorable government programs in the automotive industry has propelled the market's growth. However, the high cost of incorporating multi-camera solutions has restrained the development of the market.
As a result of the pandemic, many countries went into temporary lockdown, which had an adverse effect on the economy as a whole. The automobile sector, which relies heavily on manual labour performed in the outdoors, has been insulated from the factors that have led to a dramatic decline in vehicle purchases. In addition, market expansion was limited by supply chain instability, which manifested primarily as a result of closed national and international borders and the persistence of a decision not to employ items manufactured in China. Growth in the market may be aided in the coming years by the significant uptick in sales of the automotive vehicle, which has been seen to limit the use of public and busy locations.
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Regional Analysis
North America dominates the market because of favorable government regulations, deployment of the latest technology, and the surge in the collision rates. The Asia-Pacific to exhibit the fastest growth in the market due to the presence of major key players, increasing adoption of latest technologies, and availability of cost-effective labor.
Report Scope
| Report Metric | Details |
| Market Size | USD 17.68 billion by 2030 |
| CAGR | 10% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | by Vehicle Type (Passenger Vehicles), Camera Type (Infrared), Application (Blind Spot Detection, Other ADAS Systems) |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Allied Vision Technologies (Germany), Balluf (Germany), Delhi Automotive PLC (U.K.), Robert Bosch GmBH (Germany), Denso Corporation (Japan), Autoliv, Inc (Sweden), ADA-ES Inc. (U.S.), Valeo S.A. (France), TRW Automotive (U.S.), and Ambarella (U.S.), ISS Innovative Software Services GmbH (ISS) and Matrix Vision GmbH. Matrix Vision. |
| Key Market Opportunities | Increasing development for autonomous systems |
| Key Market Drivers | Government programs related to automotive safety features in economically developing countries Increasing development for autonomous systems |
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Key Highlights
- The global vehicle camera market size is projected to reach USD 17.68 billion by 2030 at a CAGR of 10% from 2022 to 2030.
- The repercussions of COVID-19, such as lockdown and social distancing, have led to a declining automobiles' sales, thereby restraining the market's growth.
- The digital camera segment caters to the highest market share among the different camera types of the market.
- The passenger vehicle segment caters to the highest market share among the different vehicle types in the market.
- North America caters to the maximum share in the vehicle camera market owing to the presence of advanced technology that surges the growth of the high tech devices in the cars.
- Asia-Pacific is expected to exhibit the fastest growth in the forecasted year
Key Players
- Robert Bosch GmbH
- Panasonic Corporation
- Valeo S.A.
- VisionTrack
- Samsung Electro-Mechanics
- Tung Thih Electronic Co., Ltd.
- Magna International Inc.
- LG Innotek (LG Group)
- Sharp Corporation
- Samsara
- SmartDrive Systems, Inc.
- Seeing Machines
- Lytx
- MCNEX Co., Ltd.
- Continental AG
- ZF Friedrichshafen AG
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Market Segmentation
By Vehicle Type
- Passenger Vehicles
- Compact Cars
- Mid-Sized
- SUVs
- Luxury
- Commercial Vehicles
- LCVs
- HCVs
By Camera Type
- Digital
- Thermal
- Infrared
By Application
- Night Vision Recording
- Parking Assist System
- Blind Spot detection
- Lane Departure System
- Other ADAS Systems
By Region
- North America
- Europe
- The Middle East and Africa (MEA)
- Asia-Pacific
- South America
TABLE OF CONTENT
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary Data Sources
3 Market Overview
3.1 Report Segmentation & Scope
3.2 Value Chain Analysis: Vehicle Camera Market
3.3 Key Market Trends
3.3.1 Drivers
3.3.2 Restraints
3.3.3 Opportunities
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of Substitution
3.4.4 Threat of New Entrants
3.4.5 Competitive Rivalry
3.5 Impact of COVID -19
3.6 Market Share Analysis
4 Vehicle Type Overview
4.1 Introduction
4.1.1 Market Size & Forecast, 2020-2030, (USD Million)
4.2 Passenger Vehicles
4.2.1 Market Size & Forecast, 2020-2030, (USD Million)
4.2.2 Compact Cars
4.2.2.1 Market Size & Forecast, 2020-2030, (USD Million)
4.2.3 Mid-Sized
4.2.3.1 Market Size & Forecast, 2020-2030, (USD Million)
4.2.4 SUVs
4.2.4.1 Market Size & Forecast, 2020-2030, (USD Million)
4.2.5 Luxury
4.2.5.1 Market Size & Forecast, 2020-2030, (USD Million)
4.3 Commercial Vehicles
4.3.1 Market Size & Forecast, 2020-2030, (USD Million)
4.3.2 LCVs
4.3.2.1 Market Size & Forecast, 2020-2030, (USD Million)
4.3.3 HCVs
4.3.3.1 Market Size & Forecast, 2020-2030, (USD Million)
5 Camera Type Overview
5.1 Introduction
5.1.1 Market Size & Forecast, 2020-2030, (USD Million)
5.2 Digital
5.2.1 Market Size & Forecast, 2020-2030, (USD Million)
5.3 Thermal
5.3.1 Market Size & Forecast, 2020-2030, (USD Million)
5.4 Infrared
5.4.1 Market Size & Forecast, 2020-2030, (USD Million)
6 Application Overview
6.1 Introduction
6.1.1 Market Size & Forecast, 2020-2030, (USD Million)
6.2 Night Vision Recording
6.2.1 Market Size & Forecast, 2020-2030, (USD Million)
6.3 Parking Assist System
6.3.1 Market Size & Forecast, 2020-2030, (USD Million)
6.4 Blind Spot detection
6.4.1 Market Size & Forecast, 2020-2030, (USD Million)
6.5 Lane Departure System
6.5.1 Market Size & Forecast, 2020-2030, (USD Million)
6.5 Others ADAS Systems
6.5.1 Market Size & Forecast, 2020-2030, (USD Million)
7 Regional Analysis
7.1 Introduction
7.1.1 Market Size & Forecast, 2020-2030, (USD Million)
7.2 North America
7.2.1 Market Size & Forecast, 2020-2030, (USD Million)
7.2.2 The U.S.
7.2.2.1 By Vehicle Type
7.2.2.2 By Camera Type
7.2.2.3 By Application
7.2.3 Canada
7.2.3.1 By Vehicle Type
7.2.3.2 By Camera Type
7.2.3.3 By Application
7.2.4 Mexico
7.2.4.1 By Vehicle Type
7.2.4.2 By Camera Type
7.2.4.3 By Application
7.3 Europe
7.3.1 Market Size & Forecast, 2020-2030, (USD Million)
7.3.2 Germany
7.3.2.1 By Vehicle Type
7.3.2.2 By Camera Type
7.3.2.3 By Application
7.3.3 France
7.3.3.1 By Vehicle Type
7.3.3.2 By Camera Type
7.3.3.3 By Application
7.3.4 The U.K.
7.3.4.1 By Vehicle Type
7.3.4.2 By Camera Type
7.3.4.3 By Application
7.3.5 Italy
7.3.5.1 By Vehicle Type
7.3.5.2 By Camera Type
7.3.5.3 By Application
7.3.6 Spain
7.3.6.1 By Vehicle Type
7.3.6.2 By Camera Type
7.3.6.3 By Application
7.3.7 Rest of Europe
7.3.7.1 By Vehicle Type
7.3.7.2 By Camera Type
7.3.7.3 By Application
7.4 Asia-Pacific
7.4.1 Market Size & Forecast, 2020-2030, (USD Million)
7.4.2 Japan
7.4.2.1 By Vehicle Type
7.4.2.2 By Camera Type
7.4.2.3 By Application
7.4.3 China
7.4.3.1 By Vehicle Type
7.4.3.2 By Camera Type
7.4.3.3 By Application
7.4.4 Australia
7.4.4.1 By Vehicle Type
7.4.4.2 By Camera Type
7.4.4.3 By Application
7.4.5 India
7.4.5.1 By Vehicle Type
7.4.5.2 By Camera Type
7.4.5.3 By Application
7.4.9 Rest of Asia-Pacific
7.4.7.1 By Vehicle Type
7.4.7.2 By Camera Type
7.4.6.3 By Application
7.5 The Middle East and Africa (MEA)
7.5.1 Market Size & Forecast, 2020-2030, (USD Million)
7.5.2 Saudi Arabia
7.5.2.1 By Vehicle Type
7.5.2.2 By Camera Type
7.5.2.3 By Application
7.5.3 South Africa
7.5.3.1 By Vehicle Type
7.5.3.2 By Camera Type
7.5.3.3 By Application
7.5.4 The UAE
7.5.4.1 By Vehicle Type
7.5.4.2 By Camera Type
7.5.4.3 By Application
7.5.5 Egypt
7.5.5.1 By Vehicle Type
7.5.5.2 By Camera Type
7.5.5.3 By Application
7.5.6 Rest of MEA
7.5.6.1 By Vehicle Type
7.5.6.2 By Camera Type
7.5.6.3 By Application
7.6 South America
7.6.1 Market Size & Forecast, 2020-2030, (USD Million)
7.6.2 Brazil
7.6.2.1 By Vehicle Type
7.6.2.2 By Camera Type
7.6.2.3 By Application
7.6.3 Argentina
7.6.3.1 By Vehicle Type
7.6.3.2 By Camera Type
7.6.3.3 By Application
7.6.4 Chile
7.6.4.1 By Vehicle Type
7.6.4.2 By Camera Type
7.6.4.3 By Application
7.6.5 Peru
7.6.5.1 By Vehicle Type
7.6.5.2 By Camera Type
7.6.5.3 By Application
7.6.9 Rest of South America
7.6.6.1 By Vehicle Type
7.6.6.2 By Camera Type
7.6.6.3 By Application
8 Company Profile
8.1 Robert Bosch GmbH
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Recent Developments
8.1.4 Product Portfolio
8.2 Panasonic Corporation
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Recent Developments
8.2.4 Product Portfolio
8.3 Valeo S.A
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Recent Developments
8.3.4 Product Portfolio
8.4 VisionTrack
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Recent Developments
8.4.4 Product Portfolio
8.5 Samsung Electro-Mechanics
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Recent Developments
8.5.4 Product Portfolio
8.6 Tung Thih Electronic Co., Ltd.
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Recent Developments
8.6.4 Product Portfolio
8.7 Magna International Inc.
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Recent Developments
8.7.4 Product Portfolio
8.8 LG Innotek
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Recent Developments
8.8.4 Product Portfolio
8.9 Sharp Corporation
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Recent Developments
8.9.4 Product Portfolio
8.10 Samsara Networks, Inc.
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Recent Developments
8.10.4 Product Portfolio
8.11 SmartDrive Systems, Inc
8.11.1 Company Overview
8.11.2 Financial Performance
8.11.3 Recent Developments
8.11.4 Product Portfolio
8.12 Seeing Machines
8.12.1 Company Overview
8.12.2 Financial Performance
8.12.3 Recent Developments
8.12.4 Product Portfolio
8.13 Lytx
8.13.1 Company Overview
8.13.2 Financial Performance
8.13.3 Recent Developments
8.13.4 Product Portfolio
8.14 MCNEX Co., Ltd.
8.14.1 Company Overview
8.14.2 Financial Performance
8.14.3 Recent Developments
8.14.4 Product Portfolio
8.15 Continental AG
8.15.1 Company Overview
8.15.2 Financial Performance
8.15.3 Recent Developments
8.15.4 Product Portfolio
Table of Content and Figure @ https://straitsresearch.com/report/vehicle-camera-market/toc
Recent Developments
On 17th February 2019, Samsung Electro Mechanic continued its contract with Tesla by finalizing the deal of supplying self-propelled camera modules to Tesla. The deal aims at strategically growing the business and the geographical presence.
On 30th April 2017, Smart Drive announced an addition to the Video-Safety First with 360-Degree Triggering. The product aims at providing an enhanced video outlook thereby strengthening the product portfolio.
News Media
Increasing Exports to Fuel the Automotive Camera Market During the Forecast Period, 2019–2026.
Have a Look at the Related Research Report
Automotive Camera Market: Information by Application (Park Assist System, Driver Monitoring System), Technology (Thermal Camera, Digital Camera), Vehicle Type, and Region — Forecast till 2030
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ADAS and Autonomous Driving Component Market: Information by Vehicle Type (Passenger Car, Light Commercial Vehicle), Component (Camera Unit, LiDAR), and Region — Forecast till 2030
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