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Automotive Camera Market 2023 - By Size, Business Trends, Competitive Outlook, Emerging Dynamics And Forecast Until 2032
Automotive Camera Market
The Business Research Company's Automotive Camera Global Market Report 2023 identifies increase in the number of road fatalities as the major driver for the Automotive Camera market's growth in the forecast period. Any person killed or dying within 30 days as a result of a road injury accident is considered a road fatality. The vehicle camera systems include an accelerometer and g-sensor, as well as GPS tracking and motion detection, which allow for the identification of a wide range of safety-related incidents, such as extremely sharp braking or turning, and crashes. To allow for early viewing, the system immediately uploads footage from before and after the incident.
The global automotive camera market size grew from $7.95 billion in 2022 to $9.15 billion in 2023 at a compound annual growth rate (CAGR) of 15.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive camera market size is expected to grow to $14.92 billion in 2027 at a CAGR of 13.0%.
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Major competitors in the Automotive Camera market are Continental Automotive, Bosch Mobility Solutions, Valeo, Aptiv, Magna International, Mobileye N.V., Omnivision.
A key trend in the Automotive Camera market includes technological advancements. Major companies operating in the automotive camera market are focused on developing new technological solutions to reinforce their position in the market. For instance, in July 2020, ZF Group, a Germany-based automotive camera producer, launched S-Cam 4.8, the next-generation ADAS cameras. The S-Cam4.8 is one of the first cameras to ever be able to provide a 100-degree horizontal field of view, and it represents yet another significant advancement in meeting the requirements for upcoming Euro NCAP 5-Star Safety Ratings, IIHS Top Safety Pick+, and General Safety Regulations, which call for increasingly rigorous test protocols for safety-critical systems.
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The Automotive Camera market is segmented -
• By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
• By View Type: Single View System, Multi Camera System
• By Technology: Digital Cameras, Infrared Cameras, Thermal Cameras
• By Application: ParkAssist, Advanced Driver-Assistance Systems
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Camera market.
The Business Research Company's "Global Automotive Camera Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Camera Market Include:
1. Executive Summary
2. Automotive Camera Market Characteristics
3. Automotive Camera Market Trends And Strategies
4. Automotive Camera Market - Macro Economic Scenario
5. Automotive Camera Market Size And Growth
………………………………………..
26. Africa Automotive Camera Market
27. Automotive Camera Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Camera Market
29. Automotive Camera Market Future Outlook and Potential Analysis
30. Appendix
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