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Automotive Camera Global Market Report 2022

Automotive Camera Global Market Report 2022

  • August 2022
  • 175 pages
  • ID: 6311724
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the automotive camera market are Continental Automotive, Bosch Mobility Solutions, Valeo, Aptiv, Magna International, Mobileye N.V., Omnivision, ZF Friedrichshafen AG, Denso Corporation, Hella KGaA Hueck & Co, Ficosa International SA, Basler AG, Autoliv Inc., Ricoh, and Garmin Ltd.

The global automotive camera market is expected to grow from $6.78 billion in 2021 to $7.83 billion in 2022 at a compound annual growth rate (CAGR) of 15.4%. The automotive camera market is expected to grow to $12.24 billion in 2026 at a CAGR of 11.8%.

The automotive camera market consists of sales of automotive cameras by entities (organizations, sole traders, and partnerships) that are used to capture high-quality video and images to increase visibility and ensure driver safety.Automotive cameras are often implanted with cutting-edge computer vision algorithms for true machine vision systems, which can delay the vital data needed for driver assistance.

These cameras are used to help the driver with easy parking, better performance, and quality to support customers for safer and more comfortable driving.

The main vehicle types captured by automotive cameras are passenger vehicles, light commercial vehicles, and heavy commercial vehicles.The passenger vehicle automotive camera is used for the transport of travelers from one place to another and consists of just eight seats in addition to the driver’s seat.

The different view types include single-view and multi-view systems with various technologies such as digital cameras, infrared cameras, and thermal cameras. Numerous applications include park-assist, advanced driver-assistance systems, and others.

Asia Pacific was the largest region in the automotive camera market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in the automotive camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The automotive camera market research report is one of a series of new reports that provides automotive camera market statistics, including automotive camera industry global market size, regional shares, competitors with an automotive camera market share, detailed automotive camera market segments, market trends and opportunities, and any further data you may need to thrive in the automotive camera industry. This automotive camera market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

An increase in the number of road fatalities is expected to propel the growth of the automotive camera market going forward.Any person killed or dying within 30 days as a result of a road injury accident is considered a road fatality.

The vehicle camera systems include an accelerometer and g-sensor, as well as GPS tracking and motion detection, which allow for the identification of a wide range of safety-related incidents, such as extremely sharp braking or turning, and crashes.To allow for early viewing, the system immediately uploads footage from before and after the incident.

For instance, according to World Health Organization data published in June 2021, approximately 1.3 million people die each year as a result of road traffic crashes. Also, 93% of the world’s road fatalities occur in low-and middle-income countries, even though these countries have approximately 60% of the world’s vehicles. Therefore, the increase in the number of road fatalities is driving the growth of the automotive camera market.

Technological advancements have emerged as a key trend gaining popularity in the automotive camera market.Major companies operating in the automotive camera market are focused on developing new technological solutions to reinforce their position in the market.

For instance, in September 2019, Robert Bosch GmbH, a Germany-based engineering company, developed an AI camera for an advanced driver assistance system (ADAS).Ultrasound, radar, and video are among the technologies used for surround sensing.

It combines a unique multi-path approach with artificial intelligence (AI) for object recognition that would make surround-sensing far more reliable and road traffic safer.

In November 2021, Sensata, a US-based manufacturer, and distributor of sensors and electronic controls acquired SmartWitness for an undisclosed amount.The acquisition advances Sensata’s Insight megatrend, a focused growth initiative, and expands its market.

Smartwitness is a US-based manufacturer of in-vehicle cameras, recorders, and software.

The countries covered in the automotive camera market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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