Automotive Camera & Camera Module Market Report

Market Insights

The Automotive Camera & Camera Module Market is estimated to grow from USD 1.4 billion in 2020 to USD 4.4 billion by 2026 at a healthy CAGR of 21.5% during the forecast period.

Figure: Automotive Camera & Camera Module Market Size, 2020-2026 (USD Billion)

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What is automotive camera?

An automotive camera may be a camera installed at the rear side, front side, or inside a vehicle for safety purposes. Camera modules contain image sensors that are plus electronics components in an exceedingly vehicle. Automotive cameras and camera modules help within the prevention of collisions thus offering enhanced driving experience and records driver’s inclination.

Key Players

Key players operating in the automotive camera & camera module market are-

• Robert Bosch GmbH (Germany)
• Delphi Automotive PLC (Ireland)
• Valeo (France)
• Mobileye (Israel)
• Autoliv Inc. (Sweden)
• Continental AG (Germany)
• Omnivision Technologies Inc. (US)
• Magna International Inc. (Canada)
• AEI Inc. (US)
• Stonkam (China).

Market Dynamics

The rising influence of the new car assessment program (NCAP), growing demand for safety measures, and increasing demand for luxury vehicles are some of the key factors boosting the market growth. Benefits of automotive cameras such as their assistance in blind spot detection, airbag control, nap prevention, lane & border detection, and parking, increase the product penetration. Advanced technologies such as 3D depth sensing, ultra HD display technology, and infrared thermal technology further augment the industry's growth.

Segments' Analysis

Vehicle Type Trends

Based on vehicle type, the automotive camera & camera module market is categorized into compact passenger cars and commercial vehicles. The passenger cars segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to the increasing adoption of automotive camera modules, installed in the front, rear, and inside of automobiles, to deliver safety to passengers, thereby bolstering the segment growth.

Regional Trends

By region, the European market accounted for a significant share in 2020 and is expected to grow at the highest CAGR in the following years. This is mainly ascribed to the strong presence of product manufacturers in Germany, the UK, France, and Ireland. Also, the region is an automotive hub and is equipped with the manufacturing of high-end passenger cars, which further proliferates the regional market growth.

COVID-19 Impact on Automotive Camera & Camera Module Market

The COVID-19 outbreak has moderately affected the automotive camera & camera module industry. This is mainly due to soaring coronavirus cases, implementation of stringent lockdown measures, and limited movement of people to curb the spread of the virus. Stringent government regulations on people gathering and traveling barriers have largely affected the demand for vehicles, resulting in a decline in the production and sales of passenger cars, further impacting the growth.

Critical Questions Answered in the Report

• What are the key trends in the automotive camera & camera module market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the automotive camera & camera module market?
• What are the key strategies adopted by the major vendors to lead in the automotive camera & camera module market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the automotive camera & camera module market hopes to have the greatest opportunity to convert-

• Automotive camera & camera module vendors
• Automotive camera & camera module retailers
• Automotive companies
• Car manufacturing companies

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