Exploring Automotive Camera Market Opportunity, Latest Trends, Demand, and Development By 2030| MarkNtel
MarkNtel Advisors recently published a detailed industry analysis of the Automotive Camera Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Automotive Camera Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Automotive Camera Market is estimated to grow at a CAGR of around 17.3% during the forecast period, i.e., 2024-30.
What are the major Driver the Automotive Camera industry?
Surging Road Accidents Proliferating Automotive Camera Demand – There has been a significant surge in road accidents globally driven by poor driving, driving distractions, lack of proper road infrastructure, etc. Along with this, lack of proper signage & poorly maintained roads further aid in the increasing number of road accidents globally. For Instance, in 2022, according to OECD Statistics, about 1.3 million individuals are killed on the world's roads every year.
The increasing number of road accidents highlights the need for rapid and effective emergency responses such as automotive camera installation in vehicles. As road congestion & driver distractions continue to rise, governments & motorists alike are increasingly prioritizing technologies that mitigate risks and enhance situational awareness. Moreover, automotive car cameras offer a proactive approach by providing real-time visual feedback, aiding drivers in making informed decisions & mitigating potential hazards. Hence, increasing road accidents are necessitating the need for automotive cameras, thus driving the Global Automotive Camera Market growth.
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What segments define the Automotive Camera market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
· By Application
o Park Assist System- Market Size & Forecast 2019-2030F, USD Million
o Lane Departure Warning System- Market Size & Forecast 2019-2030F, USD Million
o Adaptive Cruise Control System - Market Size & Forecast 2019-2030F, USD Million
o Autonomous Emergency Braking System - Market Size & Forecast 2019-2030F, USD Million
o Blind Spot Detection - Market Size & Forecast 2019-2030F, USD Million
o Others (Pedestrian Detection System, Night Vision Camera, Road Sign Recognition)- Market Size & Forecast 2019-2030F, USD Million
· By Technology
o Infrared Cameras- Market Size & Forecast 2019-2030F, USD Million
o Thermal Cameras- Market Size & Forecast 2019-2030F, USD Million
o Digital Cameras- Market Size & Forecast 2019-2030F, USD Million
According to report, The Digital Cameras segment is anticipated to hold a major share of the Automotive Camera Market in the forecast years, owing to advancements in digital imaging technology, which have led to improved image quality, higher resolution, and enhanced sensitivity to light conditions.
· By View Type
o Single View System- Market Size & Forecast 2019-2030F, USD Million
o Multi Camera System- Market Size & Forecast 2019-2030F, USD Million
· By Vehicle
o Passenger Vehicle- Market Size & Forecast 2019-2030F, USD Million
o Light Commercial Vehicle- Market Size & Forecast 2019-2030F, USD Million
o Heavy Commercial Vehicle- Market Size & Forecast 2019-2030F, USD Million
According to report, Passenger Vehicle would account for the largest share of the Automotive Camera Market in the coming years.
· By Sales Channel
o OEM- Market Size & Forecast 2019-2030F, USD Million
o Aftermarket- Market Size & Forecast 2019-2030F, USD Million
Explore the Complete Automotive Camera Market Analysis Report – https://www.marknteladvisors.com/research-library/global-automotive-camera-market.html
Geographical Analysis: Automotive Camera Market
o North America
o South America
o Europe
o The Middle East & Africa
o Asia-Pacific
Automotive Camera Market Share & Competitive Landscape:
The Automotive Camera Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Automotive Camera Market are:
- Robert Bosch GmbH
- Continental AG
- Aptiv Plc
- Valeo Inc.
- Autoliv Inc.
- Magna International Inc.
- Mobileye N.V.
- Stonkam Co., Ltd.
- Gentex Corporation
- Ficosa International S.A.
- DENSO Corporation
- Integrated Micro-electronics, Inc.
- Panasonic Automotive Systems Europe GmbH
- ZF Friedrichshafen AG
- Garmin Ltd.
Automotive Camera Industry Recent Development:
- 2022: DENSO Corporation announced to launch Global Safety Package 3 with millimeter-wave radars sensors & vision sensors (cameras) to assist drivers.
- 2022: Continental AG, launched a new generation of automotive video cameras with advanced driver assisted functions.
Questions Addressed in this Study
1. What factors are driving the Automotive Camera Market growth?
2. How is the Automotive Camera Market expected to grow over the next five years?
3. What are the key insights into the current trends in the Automotive Camera Market?
4. What is the current size of the Automotive Camera Market, and how is it projected to change in the future?
6.What is the future outlook for the Automotive Camera Market in terms of technological advancements and market expansion?
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