Global Automotive Camera Market is expected to reach ~USD 20 Bn by 2028F: Ken Research
Competition Scenario In Global Automotive Camera Market
The automotive camera market is highly competitive with ~100 players that include globally diversified players, regional players as well as a large number of country-niche players who have their niche in automotive cameras.
Regional players comprise ~45% of the total number of competitors, while the country-niche players comprise the second highest of the total number of competitors. Some of the major players in the market include Garmin Ltd., Panasonic Holdings Corporation, Continental AG, Autoliv, Robert Bosch GmbH, Magna International Inc., OMNIVISION, ZF Friedrichshafen AG, Aptiv, and STONKAM CO., LTD., among
What Is The Expected Future Outlook For The Overall Global Automotive Camera Market Across The Globe?
The Global Automotive Camera market was valued at USD ~billion in 2022 and is anticipated to reach USD ~20 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global Automotive Camera market is driven by the growing consumer demand for active safety systems coupled with increased penetration of camera-based convenience features in passenger cars and commercial vehicles. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
With the increasing collaboration and emergence of new products, the Global Automotive Camera market is changing rapidly. For instance, In June 2020, OMNIVISION launched an OX03C10 ASIL-C automotive image sensor, which is a large 3.0-micron pixel size with a high dynamic range (HDR) of 140 dB and the best LED flicker mitigation (LFM) performance for viewing applications with minimized motion artifacts.
In July 2020, ZF Friedrichshafen AG launched a new S-Cam 4.8, a next-generation ADAS camera. The new camera has enhanced vision technology and can significantly expand the 100-degree field of view for enhanced AEB, semi-automated vehicle function, and lane keeping. The company aimed to enhance its product portfolio.
The global automotive camera market is forecasted to continue exponential growth, primarily driven by the surging demand for active safety systems among consumers. Furthermore, the rising penetration of camera-based convenience features in luxury vehicles along with the increasing installation of ADAS in vehicles is expected to fuel the growth of the market. Though the market is highly competitive with ~100 participants, regional players control the dominant market share.
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Key Topics Covered in the Report
- Snapshot of the Global Automotive Camera Market
- Industry Value Chain and Ecosystem Analysis of the Automotive Camera Market
- Market size and Segmentation of the Global Automotive Camera Market
- Historic Growth of the Overall Global Automotive Camera Market and Segments
- Competition Scenario of the Automotive Camera Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Automotive Camera Industry
- Overview, Product Offerings, and Strategic Developments of Key Competitors
- COVID-19 Impact on the Overall Global Automotive Camera Market
- Future Market Forecast and Growth Rates of the Global Automotive Camera Market and by Segments
- Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
- Analysis of the Automotive Camera Market in Major Regions
- Major Production / Consumption Hubs in the Major Regions
- Major Production/Supply and Consumption/Demand Hubs in Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Automotive Camera Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Region
Major Companies Mentioned in the Report
- Garmin Ltd.
- Panasonic Holdings Corporation
- Continental AG
- Autoliv
- Robert Bosch GmbH
- Magna International Inc.
- OMNIVISION
- ZF Friedrichshafen AG
- Aptiv
- STONKAM CO.,LTD.
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Notable Emerging Companies Mentioned in the Report
- Mobileye N.V.
- Valeo
- Canon
- Zebronics
- Renesas
Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
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