Automotive Camera Market Size, Share, Growth Insights and Report 2024-2031 | Delphi Technologies, Qrontech Co Ltd, Hyundai Mobis

Automotive Camera Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Automotive Camera market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Automotive Camera market from 2024 to 2031, and what is the market value expected to change by 2031?

Automotive Camera Market is estimated to grow at a CAGR of 19.5% during the forecast period 2024-2031

What is Automotive Camera Market?

An automotive camera is a specialized imaging device designed for use in vehicles to enhance safety, navigation, and driver assistance. These cameras capture real-time video and images of the vehicle's surroundings, enabling features such as lane departure warning, parking assistance, adaptive cruise control, and collision detection. Automotive cameras can be mounted in various locations, including the front, rear, and sides of the vehicle, and are often integrated with advanced driver-assistance systems (ADAS) to improve overall driving performance and safety.

Growth Driver

The Growing Stringency of Government Traffic Regulations for Road Safety

According to the National Highway Traffic Safety Administration (NHTSA), an estimated 20,160 people died in traffic accidents in the U.S. during the first half of 2021. In response to ongoing safety concerns, the NHTSA announced on March 31, 2014, that backup cameras would become mandatory equipment in all new vehicles weighing less than 10,000 pounds sold after May 2018.

While this rule change is relatively recent, the debate surrounding mandated rearview cameras has been ongoing for years, driven by tragic personal stories and safety advocacy. One notable advocate, Dr. Greg Gulbransen, experienced firsthand the devastating consequences of visibility issues; in 2002, he accidentally ran over and killed his two-year-old son while backing out of his driveway. The Cameron Gulbransen Kids and Cars Safety Act of 2007, named in honor of his son, aimed to prompt the NHTSA to enact regulations requiring backup cameras by 2014. However, despite the legislation's passage, the implementation faced numerous delays.

As traffic accidents continue to raise concerns globally, the increasing stringency of traffic regulations is a significant driver of growth in the global automotive camera market. Enhanced safety features, including rearview cameras, are becoming essential for manufacturers to comply with regulations and improve road safety.

Key Players:

Profiles of some of the major players in the global Automotive Camera market, which include: Delphi Technologies, Qrontech Co. Ltd., Hyundai Mobis, Lexus, Samvardhana Motherson, STONERIDGE, INC., Denso Corporation, Robert Bosch GmBH, Magna International, GENTEX CORPORATION, Continental AG, Valeo, VisionTrack, BMW, Autoliv Inc., ZF Friedrichshafen AG and Rear View Safety, Inc.

Industry Development:

In October 2020, ZF Friedrichshafen AG expanded its manufacturing footprint for Advanced Driver Assist Systems technologies by launching its new Electronics Plant in Częstochowa, Poland. The new facility has initiated serial production of the company's innovative S-Cam4.8 cameras.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Automotive Camera market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Type (Rare View camera, Front view camera, Surround view camera, Side view camera)

By Vehicle Type (Passenger Car, Commercial Vehicle, Heavy-Duty Vehicle)

By Application (Autonomous Driving, Driver Recording/Dash Cam, Blind spot detection, Parking Assistance, Night vision)

By Sales Channel (Original Equipment Manufacturer, Aftermarket)

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

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➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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