Automotive Camera Market by Application (ADAS & Park Assist), View Type (Single View System & Multi-Camera System), Technology (Thermal, Infrared & Digital), Vehicle Type & Class, Electric Vehicle Type, and Region - Global Forecast to 2025. The emergence of newer safety technologies in the automotive industry and the growing demand for electric cars has driven the automotive camera market. Added safety and convenience for the driver has been a major objective of developing camera systems. Moreover, the increasing government mandates related to active safety system are driving the automotive camera market. For instance, in May 2018, the government of Canada and the US mandated that all vehicles under 10,000 pounds must be equipped with a backup camera.

The automotive camera market is projected to grow at a CAGR of 10.62% during the forecast period. It is estimated to be USD 7.5 billion in 2018 and is projected to reach USD 15.1 billion by 2025.

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The ADAS segment of the automotive camera market, by deployment, is expected to grow at the highest CAGR during the forecast period due to the increasing trend of integrating additional safety features in the vehicles. The camera system helps in the functioning of ADAS features such as object detection, blind spot detection, and traffic sign recognition.

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The Asia Pacific automotive camera market is expected to grow at the highest rate, followed by RoW, North America, and Europe. The growth of the Asia Pacific market can be attributed to the growing automotive sector in countries such as China, Japan, South Korea, and India. Moreover, the increase in per capita income, improved lifestyle of consumers, and speedy urbanization has boosted the demand for passenger vehicles as well as commercial vehicles in the region. The increase in demand for vehicles is likely to trigger the growth of the automotive camera market in the region.

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The study involves four main activities to estimate the current size of the automotive camera market. Exhaustive secondary research was done to collect information on the market such as the use of camera in various applications and vehicle types. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. A bottom-up approach was employed to estimate the complete market size of different segments considered in this study.

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The key players in the automotive camera market are Continental (Germany), Robert Bosch (Germany), Valeo (France), Aptiv (Ireland), Magna (Canada), Autoliv (Sweden), Ficosa (Spain), Intel (Mobileye) (US), and Clarion (Japan). Robert Bosch is anticipated to be a dominant player in the automotive camera market.
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