Automotive Camera Market Size, Share, and Forecast to 2032
Published by MarketsandMarkets, the global automotive camera market size is projected to grow from USD 8.40 billion in 2025 to USD 15.34 billion by 2032, at a CAGR of 9.0%.
The global automotive camera market is witnessing rapid
growth, fueled by rising demand for ADAS features such as automotive cruise
control, lane departure warning, parking assist, and blind spot detection. The
adoption is mainly driven by stringent vehicle safety regulations in European
countries and Japan, as well as OEMs’ preference to accommodate shifting
consumers’ preferences toward safety and comfort upgrades. The rising
integration of some common ADAS features in budget to mid-price segment cars is
propelling the automotive cameras market in the Asia Pacific region.
Alternatively, North America and Europe have a comparatively higher deployment
rate owing to the strong presence of premium automakers & tier-1 suppliers,
and their continuous investments in testing various automation functionalities
support the adoption of advanced camera systems in these regions.
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Global Automotive Camera Market Dynamics
Driver: Rising Consumer Demand for ADAS in Vehicles
Consumers around the world increasingly expect vehicles to
include advanced safety and driver assistance features, which is driving growth
in the automotive camera market. Features like lane departure warning,
collision avoidance, pedestrian detection, traffic sign recognition, and
parking assistance rely heavily on camera systems to enhance safety and improve
the driving experience. Automakers are responding to this demand by integrating
advanced camera technologies into their vehicles. For instance, Hyundai has
announced that it will be adding active safety tech features like ADAS
(Advanced Driver Assistance System) and Bluelink to every model in its India
lineup by 2025. This follows the brand’s initiative to add more safety features
to its models. Hyundai's Tucson uses forward-looking cameras and surround-view
monitors, while the Ioniq 5 employs monocular and mirror cameras supplied by
Hyundai Mobis. These systems exemplify how automakers are leveraging camera
technologies to meet evolving consumer expectations for safety and convenience.
Restraint: Lack of infrastructure in emerging economies
The lack of infrastructure for camera-based ADAS systems in
emerging economies, such as India, Brazil, and Thailand, is a significant
restraint for the automotive camera market. Poorly maintained roads,
inconsistent road markings, and inadequate signage in countries like India and
Brazil hinder the effective functioning of ADAS, which relies heavily on camera
technology. The limited availability of reliable internet and communication
networks in many emerging markets impedes the real-time data processing and
cloud connectivity essential for advanced ADAS features. High implementation
costs for upgrading infrastructure also pose a barrier, making it difficult for
these economies to support advanced automotive technologies. These factors are
collectively restraining the growth and adoption of camera-based ADAS systems,
limiting the expansion of the automotive camera market in emerging economies.
Blind spot detection, lane assist, and lane departure
warning combined held the largest share of the global automotive camera market
during the forecast period.
Blind spot detection, along with lane keep assist and lane
departure warning (LDW), is estimated to lead the market in terms of value as
it is provided by OEMs as a package to enhance the safety and convenience
features of vehicles. An LDW system notifies the driver if the vehicle deviates
from its lane without using a turn signal. This notification may be in the form
of a visual display, an audio alert, or a vibration. BSD, along with LKA and
LDW, is forecast to have a total market share of ~20 in 2025. LDW technology is
particularly beneficial when driving on highways or freeways. There are two
types of LDW systems: one that alerts the driver only when the vehicle is
leaving the lane and another that initially warns the driver and then
automatically steers the vehicle back into its lane if no manual action is
taken. This latter type, known as lane keep assist, utilizes image, laser, and
infrared sensors.
The automotive cameras in Level 2 vehicles are projected
to grow at the fastest CAGR during the forecast period.
Level 2 (L2) autonomous driving systems have been
increasingly used across the global automotive industry, with a significant
number of vehicles now equipped with these advanced driver-assistance features.
Major OEMs such as Ford, General Motors, Tesla, BMW, and BYD have integrated L2
or L2+ capabilities into their vehicle lineups, offering functionalities like
adaptive cruise control, lane centering, intelligent parking assist, and
traffic signal recognition. For instance, Ford's BlueCruise, GM's Super Cruise,
Tesla's Autopilot, BMW's Highway Assistant, and BYD's “God's Eye" system
justify the widespread adoption of L2 technologies. The integration of such
technologies is not limited to premium vehicles, as mid-range cars are also
being equipped with L2 features. This shift is driven by consumer demand for
enhanced safety features and the industry's focus on safety-oriented
innovation. This trend is supported equally by global camera suppliers for the
automotive industry. For instance, Robert Bosch GmbH (Germany) expanded their
offerings of multi-purpose cameras with 2.6 MP HDR (Resolution), horizontal
field of view ± 50°, vertical field of view 27° up, 21° down for L2
applications such as lane departure warning, lane keep assist, and roadside
information, among others. Furthermore, OEMs, Hyundai Motors (South Korea),
Volkswagen (Germany), Mazda (Japan), Honda (Japan), Nissan (Japan), Toyota
(Japan), Stellantis (Netherlands), Renault (France), BMW (Germany),
Mercedes-Benz (Germany), and Ford (US), among others, have introduced models
with L2 automation in recent years.
Asia Pacific is projected to lead the automotive camera
market during the forecast period.
Asia Pacific is projected to lead the global automotive
camera market by 2030, with China holding the largest share, followed by Japan
and South Korea. This regional dominance is mainly due to substantial vehicle
production volumes and the accelerating adoption of advanced safety systems and
features. Countries like Japan and Korea have already mandated the
implementation of adaptive lighting systems and driver monitoring systems in
all vehicles. Additionally, the demand for ADAS and safety features is growing
in compact & mid-size SUVs, fueling the market demand for automotive
cameras in the Asia Pacific region. Further, many leading automakers, including
Volkswagen Group (Germany), Mercedes-Benz (Germany), and General Motors (US),
have moved their manufacturing operations to emerging economies in Asia
Pacific. Additionally, several prominent automotive camera manufacturers, such
as Denso Corporation (Japan), Continental AG (Germany), Robert Bosch GmbH
(Germany), and Sony Semiconductor Solutions Corporation (Japan), have
established production facilities in the region.
Key Players
The automotive camera market is dominated by global players
such as Robert Bosch GmbH (Germany), Continental AG (Germany), Valeo (France),
ZF Friedrichshafen AG (Germany), and Denso Corporation (Japan), and Ficosa
International SA (Spain), among others. These companies adopted new product
development strategies, expansions, partnerships & collaborations, and
mergers & acquisitions to gain traction in the market.
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