An automotive camera is a specialized electronic device designed for use in vehicles to capture and record visual information from the vehicle's surroundings. These cameras are a crucial component of modern automotive safety and driver assistance systems. They can be integrated into various parts of a vehicle, such as the front grille, rearview mirror, or on the vehicle's exterior. Automotive cameras help improve driver visibility, assist with parking and maneuvering, and enable advanced driver assistance features like lane departure warnings, adaptive cruise control, and collision avoidance. The captured video or image data can be displayed on a screen or processed by onboard computer systems to enhance driving safety and convenience.

Automotive camera market is expected to reach $10,951.0 Million by 2025 and is projected to grow at a CAGR of 13.94% during the forecast period 2020-2025. The automotive industry is rapidly evolving on the technological front and this growth is primarily attributed to the changes in consumer preferences, and an equal push from the legislative bodies. The technological advancements include improved vehicle performance, passenger safety, communication capabilities, and driving comfort, among others.

Many new vehicles have autonomous systems, such as autonomous emergency braking (AEB). AEB systems use radar, cameras, and lidar technologies to determine the road ahead and figure out possible accidents. In general, these devices warn the driver that action is required to avert a potential collision, and then, if no action is taken, the AEB will be activated on the driver’s behalf. The use of tiny cameras in the vehicle makes it easier for the driver to search for concealed items that are normally impossible for the driver to see from the driving seat. There are tire pressure sensors to avoid collisions, lane shift sensors, and crash control sensors. The use of an anti-lock brake mechanism and stability control both allow drivers to keep their vehicles under control while driving.

Rear View Camera Segment Dominates Global Automotive Camera Market

One of the key reasons driving the development of the vehicle rear view camera is the emphasis on reducing the rising number of deaths when reversing. Rear view cameras help to navigate the car at low speed, including driving on or parking at the sluggish curbside. The vision scheme for the car is continually shifting from traditional parking system to new solutions based on rear parking sensors. In order to allow greater vision and minimize injuries, the camera-assisted parking system has now been upgraded to a 360-degree surround view. In addition, safety regulatory requirements have culminated in rear view cameras integrating into all cars for OEMs, thus providing an impetus of growth for the market segment.

Passenger Cars Segment Dominate the Automotive Camera Market

The passenger car segment has a large market share in the automotive camera market compared to the commercial vehicle segment due to the more usage of cameras in passenger cars. A few companies in the automotive camera market, such as Robert Bosch GmbH, Denso Corporation, and Mobileye N.V., manufacture cameras specifically designed for commercial vehicles.

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A passenger vehicle often incorporates advanced camera systems such as AI-enabled thermal camera systems, lane change detection, blind spot detection, and emergency braking system, which are costlier and have complex semantics to give a better driving experience to the drivers.

North America Foreseen to Witness Fastest Growth in the Automotive Camera Market

The demand for automotive cameras varies according to various regions. The automotive camera market holds a prominent share in various countries of North America, Asia-Pacific and Japan (APJ), China, the U.K., and Europe.

growth in the sales of dashboard cameras for security purposes. In 2019, the United States manufactured just XX million cars and trucks, but still ranks as the world’s second largest automotive maker, with a market share of just under XX percent. Although its passenger car production was lower than that of Japan and Germany, the U.S. produced almost twice as many commercial vehicles as any other country, including more than five times as many as Japan.

Competitive Landscape

The competitive landscape of the automotive camera market consists of different strategies undertaken by major players across the entire value chain to gain market presence. Some of the strategies adopted by automotive camera manufacturers are product launches, mergers and acquisitions, partnerships, and collaborations. Among all the strategies adopted, partnerships, collaborations, and contracts have dominated the competitive landscape. Ficosa International S.A., Continental AG, Denso Corporation, and OmniVision Technologies, Inc. are some of the leading players in the automotive camera market.

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Most of the automotive camera manufacturers are of similar financial capability and the industry landscape is quite competitive because of the large number of players in the market. Therefore, innovation and development have been the key factors for the large-scale growth in this market. Camera manufacturers are expanding their businesses and are also entering strategic partnerships to target a greater audience and increase their overall footprint.

Key Questions Answered by This Report:

• For a new company looking to enter the market, which areas could it focus upon to stay ahead of the competition?
• How do the existing market players function to improve their market positioning?
• Which are the promising companies that have obtained financial support to develop their products and markets?
• How does the supply chain function in the automotive camera market?
• Which companies have been actively involved in innovation through patent applications, and which products have witnessed maximum patent applications during the period 2017-2020?
• Which product segment is expected to witness the maximum demand growth in the automotive camera market during 2020-2025?
• Which are the players that are catering to the demand for different cameras?
• How should the strategies adopted by market players vary for different product segments based on the size of companies involved in each segment?
• What are the key offerings of the prominent companies in the market for automotive cameras?
• What are the demand patterns of automotive cameras across the application areas in different regions and countries during the period 2019-2025