Automotive Camera & Camera Module Market Report
Automotive Camera & Camera Module Market Trends, Dynamics & Market Insights See less
Automotive Camera & Camera Module Market Trends, Dynamics & Market Insights
Automotive Camera & Camera Module Market, By Type (LDW, ACC, BSD, NVS, DMS, PAS, PDS, RSR), By Technology (Digital, Thermal, Infrared), By Vehicle Type (Passenger Cars, Commercial Vehicles) and Region - COVID-19 Impact Analysis and Forecast to 2026.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global automotive camera & camera module market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Automotive Camera & Camera Module Market, By Type (LDW, ACC, BSD, NVS, DMS, PAS, PDS, RSR), By Technology (Digital, Thermal, Infrared), By Vehicle Type (Passenger Cars, Commercial Vehicles) and Region - COVID-19 Impact Analys...
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.
Wish to get a free sample? Register Here
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 operating in the automotive camera & camera module market are-
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.
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.
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.
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.
Here is the list of the group of customers that the automotive camera & camera module market hopes to have the greatest opportunity to convert-
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at firstname.lastname@example.org.
The automotive camera & camera module market is expected to witness an impressive growth of 21.5% CAGR in the coming years.
Robert Bosch GmbH (Germany), Delphi Automotive PLC (Ireland), Valeo (France), Mobileye (Is-rael), Autoliv Inc. (Sweden), Continental AG (Germany), Omnivision Technologies Inc. (US), Magna International Inc. (Canada), AEI Inc. (US), and Stonkam (China) are among the key players in the automotive camera & camera module market.
The automotive camera & camera module market size is expected to reach USD 4.4 billion in the foreseeable future.
The passenger cars segment is expected to register a healthy CAGR in the automotive camera & camera module market in the coming years.
Europe is expected to grow at the highest CAGR in the automotive camera & camera module market in the next five years.
Automotive camera & camera module vendors, Automotive camera & camera module retailers, Automotive companies, Car manufacturing companies are the target audience in the automotive camera & camera module market.
Why are We Class Apart?
We Track Fast-Changing Market Dynamics for Clients
Our Intelligence is Powered by Industry Voice
>60% of the First Buyers Come Back to Us
>95% Client Satisfaction Ratio, the Industry's Highest
We Serve Companies Across the Value Chain
Know High Growth Opportunities