Automotive Camera Market by Type (Stereo, Monocular), by Application Type (Park Assist System, Lane Departure Warning System, Blind Spot Detection, Lane Keep Assist, Road Sign Assistance, Adaptive Cruise Control (ACC), by Technology Type (Digital Camera, Infrared Camera, Thermal Camera), by Vehicle Type (Passenger Cars, Commercial Vehicles), by North America (U.S., Canada, Mexico), by Europe (U.K., Germany, France, Rest of Europe), by Asia Pacific (China, Japan, India, Rest of Asia Pacific) Forecast 2024-2032
The Automotive Camera Market size was valued at USD 7.98 USD Billion in 2023 and is projected to reach USD 16.46 USD Billion by 2032, exhibiting a CAGR of 10.9 % during the forecast period. Automotive cameras are specific types of camera systems designed to be fitted in automobiles to help improve safety and offer some assistance to drivers. Some of the key automotive cameras include rear vision cameras, surround vision cameras, and driver monitoring cameras. Features such as rear-view cameras help to reverse by providing a view from behind a car to minimize blind zones. Around-view monitoring cameras integrated at least four cameras that provide a circular view to assist in parking and getting through tight spots. Driver monitoring cameras inform the driver’s attentiveness and are very useful in avoiding accidents that might happen due to fatigue or distraction. Some of the major aspects designed in automotive cameras are high-definition imaging, night viewing, wide field of view, and technology combination with ADAS. These cameras are used in applications like lane departure warning, parking aid, collision and traffic sign detection. The advantages of automobile cameras are; enhanced safety while on the roads, easy manoeuvring and above all safe driving since each driver will be cautious not to cause an accident. The key benefit of their system is the offer of instant and actual visual information which supports safer and smoother driving.
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The Asia-Pacific region is expected to hold the largest market share, driven by the high demand for vehicles and the increasing adoption of ADAS systems in the region.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 10.9% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 10.9% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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