Automotive Camera Market Forecasts Study 2025 | Business Opportunities and Future Investments

The automotive camera market has been gaining immense traction in recent years, with drivers creating a massive demand for hi-tech driving assistance equipment that can make vehicles safer for those on board as well for those outside the vehicle. At the 2019 New York International Auto Show, a slew of next-generation vehicles were put on display and most of them came fitted with in-car and exterior monitoring systems. While some of the cameras were used for blind spot monitoring, some were installed on the dashboard for facial recognition. Most cameras helped cars to see around them, helping the vehicles take another step towards an autonomous future while others improved vehicle security, safety and convenience by combating drunk driving through analysis of the driver's face and behavior.

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Even though the world is witnessing an unprecedented emergence of automation technologies and ADAS systems in passenger vehicles, the appropriate usage of automotive camera remains a cause of concern. It has to be noted that nine out of ten serious road accidents occur due to human behavior and these ADAS systems like automotive cameras possess the potential to save thousands of lives. Therefore, just sticking a camera in a car is of no use if people are not educated on the effective ways to use the information that is displayed on their screens and avoid crashes

Regarded as a business vertical that has remained quite unnoticed and away from the mainstream popularity, automotive camera market has been gradually making its presence felt in the humongous global transportation industry. The roll-out of the auto sector’s first thermal camera-equipped commercial test vehicle by FLIR Systems, Inc., proves that automotive camera industry is evolving to cater the auto enthusiasts and professionals in this age of self-driving cars and is further expanding its sphere of influence across various business verticals.

However, in a move that could change the mindset of the automakers and other prominent stakeholders, the US Department of Transportation's National Highway Traffic Safety Administration (NHTSA) has recently made it compulsory across the nation to install a rear camera in all new vehicles weighing under 10,000 pounds from May 2018.

In this context, the auto regulators across developed and emerging nations are not only formulating rules for mandatory installation of rear automotive cameras but are also making efforts to educate people on the correct usage of these devices. Initiatives such as Global National Car Assessment Program in the U.S. and the programs unveiled by National Highway Traffic Safety Administration are of extreme importance in propagating the guidelines pertaining to passenger and pedestrian safety. 

The advent of trifocal cameras has enhanced the overall quality of automotive cameras. Moreover, these cameras are integrated with advanced LiDAR sensors which adds to the cost of the overall vision systems. Consequentially, it has been observed that price-conscious customers are reluctant to install automotive cameras in economic and low-cost vehicles, dampening the growth prospects of automotive camera market.

However, with the launch of improved and technically-superior automotive cameras by startups, the prominent market players are making an effort to reduce the costs of popular automotive cameras. This trend might prove to be instrumental in revitalizing the automotive camera market size.

North America automotive camera market size is expected to showcase a CAGR of 24% by 2025. The aforementioned information quite overtly indicates that North America is expected to be a major contender of the global automotive camera industry, pertaining to the rising number of vehicle crashes in the U.S. and Canada and the subsequent implementation of stringent norms to reduce road accidents. Driven by the rise in the demand for luxury vehicles and the upsurge in the deployment of ADAS & safety systems in cars

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Some Point from Table of Contents:

Chapter 5.   Automotive Camera Market, By Vehicle Type (Revenue & Shipment)

5.1.  Key trends by vehicle type

5.2.  Passenger Cars

5.2.1. Market estimates and forecast, 2015 – 2025

5.3.  Utility Vehicles

5.3.1. Market estimates and forecast, 2015 – 2025

5.4.  Commercial Vehicles

5.4.1. Market estimates and forecast, 2015 – 2025

Chapter 6.   Automotive Camera Market, By Application (Revenue & Shipment)

6.1.  Key trends by application

6.2.  ADAS

6.2.1. Market estimates and forecast, 2015 – 2025

6.2.2. Lane departure systems    Market estimates and forecast, 2015 – 2025

6.2.3. Emergency braking systems    Market estimates and forecast, 2015 – 2025

6.2.4. Forward collision warning    Market estimates and forecast, 2015 – 2025

6.2.5. Others    Market estimates and forecast, 2015 – 2025

6.3.  Parking Assist

6.3.1. Market estimates and forecast, 2015 – 2025

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