Global automotive cameras market report published by Accurize Market Research forecast that the global market is expected to reach $33 billion by 2025; growing at a CAGR of 17.3% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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Increase in demand for sensing cameras in advanced driver assistance systems, the huge requirement by passenger cars, and rise in demand for luxury vehicles across the globe to drive the growth of the market

An increase in demand for sensing cameras in advanced driver assistance systems, the huge requirement by passenger cars, and a rise in demand for luxury vehicles fuel the demand for the global automotive cameras market. Moreover, the replacement of side-view mirrors with cameras also boosts the growth of the market.

Market Segmentation

The global automotive cameras market has been bifurcated on the basis of rear-view enhancement, side-view cameras, forward-view cameras, and interior-view cameras. The technology segment comprises mono cameras, stereo cameras, infrared cameras, and others. By application, the market is sub-segmented into LDWS, parking surround view, parking, night vision, drowsiness, distance, blindspot, AFS, and others. By product, the rear-view enhancement is the largest market at present and is expected to hold its position throughout the forecast period owing to its extensive usage during parking and reverse driving. Stereo cameras dominated the technology segment with the maximum market share. Distance cameras are expected to grow at the fastest CAGR in the overall application segment.

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By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico, and Canada are covered under North America wherein Europe covers France, Germany, United Kingdom, Spain, and others. Asia-Pacific covers China, India, Japan, Australia, South Korea, and Others. The rest of the World (RoW) covers South America, the Middle East, and Africa.

“Rear-view enhancement accounted for the largest market share in the product type segment", says Accurize

By product type, rear-view enhancement accounted for the largest market share in the global automotive cameras market, owing to its extensive usage during parking and reverse driving. The side-view cameras are anticipated to grow at the fastest CAGR during the forecast period. The stereo cameras dominated the technology segment with the maximum market share in 2017. Distance cameras are expected to attain the fastest growth rate in the overall application segment during the forecast period.

“North America dominated the global market with the highest market share over the forecast period", says Accurize

In 2017, North America accounted for the largest market share of 35% owing to growth in demand for luxury vehicles in countries such as the U.S., and Canada. Increased demand for the installation of ADAS in commercial vehicles has also propelled the growth of automotive cameras in the North American market. Europe was the second-largest market with a total market share of 33% in 2017. In terms of growth, Asia-Pacific is to attain the fastest CAGR of 19% during the forecast period 2017-2025.

Top players in the market

The key market players include Delphi Automotive LLP, Ficosa International S.A., KYOCERA Corporation, Transcend Information Inc., Autoliv Inc., Continental AG, Qrontech Co. Ltd., Valeo Inc., Robert Bosch GmbH, Media Data Systems Pte Ltd. among others.