EV Camera Module Market Size, Trends, Growth Analysis, and Forecast | Valuates Reports

EV Camera Module Market Size

The global EV Camera Module market was valued at US$ 2518.7 million in 2023 and is anticipated to reach US$ 8516 million by 2030, witnessing a CAGR of 18.7% during the forecast period 2024-2030.

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Increasing Adoption of Advanced Driver Assistance Systems (ADAS): The automotive industry was experiencing a growing demand for ADAS, and camera modules played a crucial role in enabling features such as lane departure warning, automatic emergency braking, adaptive cruise control, and parking assistance.

Rise of Autonomous Driving: Camera modules were becoming increasingly important for the development of autonomous vehicles. The integration of cameras with other sensors like radar and lidar was a key trend, allowing for more comprehensive perception and improved decision-making capabilities.

Cost Reduction and Miniaturization: Manufacturers were working on ways to reduce the cost of camera modules and make them more compact. This was important for wider adoption across different vehicle segments, including mass-market electric vehicles.

Increased Number of Cameras per Vehicle: The number of cameras per vehicle was increasing. This trend was driven by the need for more comprehensive coverage around the vehicle, supporting applications like 360-degree surround-view systems.

By Type
• Back Camera
• Front Camera
• Surrounding Camera
• Side Cameras
• Interior Camera

By Application
• BEV
• PHEV

By Companies
Panasonic, Valeo, Magna, Continental, ZF TRW, LG Innotek, Bosch, SEMCO, Veoneer, MCNEX, Sharp, Tung Thih, Sekonix

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This release was published on openPR.