Automotive Camera Market: What are the Future Growth Opportunities? Top Players: Aptiv, Clarion, Continental, DENSO, Magna International, Mobileye, OmniVision Technologies, Valeo, Robert Bosch, Samsung Electro Mechanics

An estimate forecasts the global automotive camera market size to gain a substantial uptick by 2025. Compelling demand for autonomous vehicles has propelled the global camera market share. Prominently, integration of novel technologies, including automotive controls, ADAS and vision sensors will pan well for leading companies in the landscape.

Rising government regulations pertaining to vehicle safety are likely to boost the manufacturing of automotive cameras. NHTSA asserts that automotive fatalities in the U.S killed around 40,000 people in 2017. It is worth noting that the U.S. government mandated the installation of back up cameras in all vehicles from May 2018.

A notable rise in vehicle production and subsequent market footfall of luxury automotive manufacturers have mustered up the confidence of automotive camera suppliers. Accordingly, giants such as BMW, MG Motors and Audi AG have upped the demand for advanced camera systems.

Some of the regional trends which are touted to help stakeholders gain a competitive edge are delineated below

North America to witness increased demand for ADAS systems

The U.S. and Canada are poised to witness traction for ADAS in both commercial and passenger vehicles. With the demand for collision avoidance system, adaptive cruise control and driver monitoring system soaring, the trend for ADAS systems is likely to surge.

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Several leading companies are likely to emphasize expansion of plants and development of vision sensors. For instance, Denso corporation came up with a novel standard vision in January 2018 to detect driving lanes, cyclists and pedestrians to enhance the night vision capabilities.

Passenger vehicles to be the major recipient in North America

Considering the rise in installation of parking assist systems, driver assistance and vehicle safety in advanced automobiles, industry players are infusing funds in safety features and driverless technology in passenger vehicles.

Integration of sophisticated technologies into passenger vehicles with autonomous driving features has triggered the demand for cameras. For instance, ZF Marshall announced the rollout of S-CAM 4 camera family in August 2018 that allegedly has a three lens TriCam4 and a single lens mono camera.

Stereo camera to be sought-after in Europe

Automotive companies are likely to inject more funds in stereo camera systems to enhance driver comfort and safety. These sensors tend to use sophisticated technology which uses two cameras to enhance sensors, position of the object and calculate size. Governments in the U.K., Germany, France and Italy have shown increased inclination towards stereo camera systems which are integrated with distance information and low-cost visible light cameras.

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Stakeholders are slated to up their focus on the portfolio expansion of trifocal cameras which are gaining impetus owing to their distant-object detection and improved depth perception. Trifocal systems are witnessing a pressing demand for the detection of the sudden appearance of pedestrians or objects. Europe is likely to witness a surge in the development of semi-autonomous autonomous and semi-autonomous vehicles, furthering the product adoption.

Lane departure warning systems to gain uptick in Europe

Demand for vehicle camera systems will be noticeable in lane departure warning systems for the monitoring of vehicle position and detect the lane markings. The sensors tend to identify and detect vehicles’ movement and alert drivers through haptic or audio and visual signals. A palpable surge in the adoption of lane departure warning systems will boost the global automotive camera market outlook.

Leading companies in the region are adopting technologically advanced vehicle camera systems. For instance, Continental AG developed the MFC 500 multifunction camera which is integrated with sophisticated technologies, including deep machine learning and AI. Meanwhile, ZF Friedrichshafen AG inked a deal with Mobileye in June 2018 to introduce new automotive camera technology.

Mono camera systems gain impetus in Asia Pacific

With the surge in automotive production in India, China and Vietnam, automotive players have infused funds in mono camera systems. The advanced system is being desirable from mid-sized vehicles owing to upsides, including high image resolution, night vision and reduced cost.

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Prominent companies are developing mono cameras with advanced technologies, including neural network and machine learning. Moreover, the trend for trifocal camera systems has propelled the adoption of advanced cameras.

Passenger cars in APAC to exhibit demand for advanced cameras

With an upsurge the manufacturing of passenger cars in India and China, adoption of stereo and trifocal cameras for emergency braking systems, lane departure systems and forward collision warning is likely to surge by leaps and bounds.

Advanced driver-assist system (ADAS) systems will continue to gain traction on the back of soaring popularity of forward collision warning and lane departure assist. Emerging economies in the region will continue to witness advancements in camera-based driver assist systems. For instance, Clarion announced the development of multi-camera washing system in December 2018 which automatically washes away dirt particles to boost system accuracy.

Considering the trend for ADAS systems, passenger cars and commercial vehicles are likely to exhibit the demand for advanced automotive cameras.

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