Global Automotive Camera Module Market to Reach USD 8,498.90 Million by 2030 | CAGR of 13.8%
Category : Automotive Services | Published Date : Nov 2024 | Type : Press Release
Automotive Camera Module Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Automotive Camera Module Market size was valued at USD 3,076.44 Million in 2022 and is projected to reach USD 8,498.90 Million by 2030, growing at a CAGR of 13.8% from 2023 to 2030. Automotive camera modules are essential for enhancing vehicle safety and monitoring, integrating advanced technologies such as artificial intelligence, infrared sensors, and LiDAR to offer features like parking assistance, blind spot detection, emergency braking, and more. These modules also play a significant role in Advanced Driver Assistance Systems (ADAS), contributing to improved road safety and driving experiences.
The report comprises the Automotive Camera Module Market Share, Size & Industry Analysis, By Type (Single View Camera and Multi-View Camera), Module Type (Thermal, Infrared, and Digital), Vehicle Type (Passenger Cars, Commercial Vehicles, and Electric Vehicles), Distribution Channel (OEM and Aftermarket), Application (ADAS, Parking Assistance, Blind Spot Detection, Emergency Braking, Lane Departure Warning, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Automotive Camera Module Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Growing demand for autonomous technologies and safety systems in vehicles are key drivers of the market while fluctuating raw material prices are expected to act as restraints.
Segmental Analysis :
Based on type, the market is segmented into single-view cameras and multi-view cameras.
- Single-view cameras dominated the market in 2022, driven by their increasing adoption of parking assistance and rear-view camera installations.
- Multi-view cameras are projected to grow at the fastest CAGR during the forecast period due to their ability to provide a 360-degree view of the vehicle, enhancing safety and driver assistance.
Based on module type, the market includes thermal, infrared, and digital cameras.
- Thermal cameras held the largest market share in 2022 due to their ability to detect heat signatures, improving safety during nighttime driving.
- Infrared cameras are expected to witness the fastest growth, driven by rising demand for luxury vehicles and advanced driver assistance systems capable of detecting obstacles in low-light conditions.
Based on vehicle type, the market is divided into passenger cars, commercial vehicles, and electric vehicles.
- Passenger cars accounted for the largest market share in 2022, owing to the high adoption of advanced safety systems, including camera modules for lane departure warning, collision detection, and more.
- Electric vehicles (EVs) are expected to grow at the fastest CAGR during the forecast period, driven by the growing trend towards automation and technological advancements in the automotive industry.
Based on the distribution channel, the market is categorized into OEM and aftermarket.
- Aftermarket accounted for the largest share in 2022 and is projected to grow at the fastest CAGR due to the rising adoption of cost-effective camera modules and technological advancements in the automotive industry.
Based on application, the market includes ADAS, parking assistance, blind spot detection, emergency braking, lane departure warning, and others.
- ADAS (Advanced Driver Assistance Systems) dominated the market in 2022 and is expected to grow at the fastest CAGR during the forecast period. The rising demand for technologically advanced systems that enhance driver safety is driving the growth of this segment.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- North America held the largest market share in 2022, driven by the adoption of ADAS within hybrid and electric vehicles.
- Asia-Pacific is expected to grow at the highest CAGR, driven by technological advancements in the automotive industry, especially in countries like China and Japan.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 8,498.90 Million |
| CAGR (2023-2030) | 13.8% |
| By Type | Single View Camera, Multi-View Camera |
| By Module Type | Thermal, Infrared, Digital |
| By Vehicle Type | Passenger Cars, Commercial Vehicles, Electric Vehicles |
| By Distribution Channel | OEM, Aftermarket |
| By Application | ADAS, Parking Assistance, Blind Spot Detection, Emergency Braking, Lane Departure Warning, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, and emerging trends in the automotive camera module market.
List of prominent players in the Automotive Camera Module Industry:
- Continental AG
- Delphi Automotive PLC
- Garmin Ltd.
- Ficosa Internacional SA
- Hyundai Mobis Co., Ltd.
- Intel Corporation
- IRay Technology Co., Ltd.
- Jabil Optics
- Magna International Inc.
- Mobileye
- Nippon Chemi-Con Corporation
- Robert Bosch GMBH
- STMicroelectronics
- STONKAM CO., LTD.
- Valeo
- Veoneer HoldCo, LLC.
- ZF Friedrichshafen AG
- Zhejiang Dali Technology Co., Ltd.
Recent Industry Developments :
- In June 2021, Garmin Ltd. launched a voice-controlled dash cam series featuring live view monitoring and automatic video storage.
- In July 2020, ZF Friedrichshafen AG launched the S-Cam 4.8, an advanced ADAS camera with a 100-degree field view, supporting enhanced lane-keeping and semi-automated vehicle functions.
