Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What is the Forecast for the Global Automotive Camera Market in Growth and Size?
The global automotive camera market has observed a rapid growth in recent years. The market size is predicted to grow from $9.9 billion in 2024 to $11.07 billion in 2025, at a compound annual growth rate (CAGR) of 11.8%. The growth in this period can be attributed to the increasing emphasis on vehicle safety, rising demand for parking assistance systems, adoption of advanced driver assistance systems (ADAS), and increasing regulatory requirements for rear-view and surround-view cameras.
The forecast suggests that the automotive camera market size will witness a swift growth in the coming years, reaching $17.53 billion in 2029 at a CAGR of 12.2%. This growth can be attributed to the expansion of the connected car ecosystem, growing adoption of 360-degree camera systems, and rising need for advanced safety features.
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What Factors are Driving the Growth of the Automotive Camera Market?
The increment in the number of road fatalities is expected to fuel the growth of the automotive camera market. Any person killed or sustaining fatal injuries within 30 days as a result of road injury accident is counted as a road fatality. Vehicle camera systems equipped with accelerometer, g-sensor, GPS tracking, and motion detection can identify a variety of safety-related incidents providing opportunities for preventive measures.
What are the Primary Segments Within the Global Automotive Camera Market?
The automotive camera market is typically segmented by:
1. Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
2. View Type: Single View System, Multi Camera System
3. Technology: Digital Cameras, Infrared Cameras, Thermal Cameras
4. Application: Park Assist, Advanced Driver-Assistance Systems
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Which Companies are the Major Players in the Automotive Camera Market?
Key companies operating in the automotive camera market include Continental Automotive GmbH, Robert Bosch GmbH Mobility Solutions, Valeo SA, Aptiv PLC, Magna International Inc., Mobileye NV, OmniVision Technologies Inc., ZF Friedrichshafen AG, Denso Corporation, Hella GmbH & Co KGaA among others.
What Trends are Shaping the Automotive Camera Market?
Companies in the automotive camera market are concentrating on developing innovative technological solutions such as hot-pluggable GMSL automotive HDR cameras which enhances image quality and performance. Such cameras will be beneficial for various driving conditions and will improve the ease of installation and system integration.
What Region is the Fastest Growing in the Automotive Camera Market?
Asia-Pacific was the largest and is expected to be the fastest-growing region in the automotive camera market, followed by Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Automotive Camera Market Report 2025 Offer?
The automotive camera refers to the devices that are used to capture high-quality video and images to enhance visibility and ensure driver safety. They are crucial for implementing advanced computer vision algorithms for real machine vision systems, as they can provide necessary data required for driver assistance.
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