Automotive Camera Module Market Forecast 2023 - 2030

Report ID : CBI_1064 |  Category : Automotive Services   | Published Date:     |  Format :   ms word  ms Excel  PDF

Segments Covered :
By Type Single View Camera and Multi View Camera
By Module Type Thermal, Infrared, and Digital
By Vehicle Type Passenger Cars, Commercial Vehicles, and Electric Vehicles
By Distribution Channel OEM and Aftermarket
By Application ADAS, Parking Assistance, Blind Spot Detection, Emergency Braking, Lane Departure Warning, and Others
By Region Asia-Pacific, Europe, North America, Latin America, Middle East & Africa
Report Snapshots :
Base Year: 2022
CAGR: 13.8%
Forecast Year: 2023 - 2030
Revenue 2022: $3,076.44 Mn
Revenue 2030: $8,498.90 Mn

Automotive Camera Module Market Forecast 2023 - 2030

Market Overview :

Automotive Camera Module Market is estimated to reach over USD 8,498.90 Million by 2030 from a value of USD 3,076.44 Million in 2022, growing at a CAGR of 13.8% from 2023 to 2030.

Market Definition :

Automotive camera modules are effective in vehicle monitoring to provide improved vehicle safety. The automotive camera module comprises of artificial intelligence and visual surveillance to provide advanced assistance systems for blind spot detection, emergency braking, collision detection, and others. Additionally, various sensors including LiDAR, infrared sensors, and others are used in automotive camera modules to provide parking assistance. The automotive camera module has a Driver Monitoring System (DMS) to provide advanced safety solutions. Moreover, automotive camera modules contribute to Advanced Driver Assistance Systems (ADAS).

Automotive Camera Module Market:

Automotive Camera Module Market

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Market Dynamics :

Automotive Camera Module Market Dynamics

Drivers :

  • Increasing demand of autonomous technologies in automotive industry is driving the growth of automotive camera module market

    The increasing demand for autonomous technologies including Advanced Driver Assistance Systems (ADAS) is driving the growth of automotive camera module market. ADAS technology uses a camera module to monitor the surroundings and helps to avoid collisions.

    Moreover, implementation of advanced technologies including parking assistance, driver assistance systems and safety systems are promoting the demand of automotive camera module market. For instance, Garmin Dash Cam Mini offers advanced features with built in Wi-Fi and Bluetooth connectivity, automatic video recording, and dual USB power adapter. Additionally, Garmin Dash Cam Mini comprises of parking mode monitor used to monitor the surrounding for car parking. Thus, the increasing technological advancements in automotive industry are propelling the growth of automotive camera module market.

  • Rising demand for safety systems in vehicles is driving the growth of automotive camera module market

    The rising demand of safety systems including blind spot detection system, collision warning system, departure warning system, emergency braking system, headlight control, and others are promoting the growth of automotive camera module market. For instance, Multi-Function Mono Camera – MFC500 by Continental AG provides safety functions. MFC500 is a scalable and modular camera platform with 5th generation ADAS cameras for safety functions and driver assistance function. Therefore, rising demand for safety system in the automotive industry is driving the growth of automotive camera module market.

Restraint :

  • Fluctuating raw material prices are hampering the growth of automotive camera module market

    The fluctuating prices of various raw materials including polycarbonate compound, glass fibers, fluorite, and others, used for automotive camera module manufacturing are hindering the growth of automotive camera module market. Additionally, the fluctuating semiconductor prices are hindering the growth of automotive camera module market. Moreover, the fluctuating prices of electronic equipment including electronic chips, capacitors, resistors, and others are hindering the growth of automotive camera module market. Electronic chips are used to process the data from sensors thus, the fluctuating raw material prices are hampering the growth of automotive camera module market.

Opportunities :

  • Increasing adoption of electric vehicles and introduction of advanced technologies in automotive industry

    The rising adoption of electric vehicles will lead to rise the demand of camera module for blind sport detection, collision detection, emergency braking, and others. Additionally, increasing technological developments including thermal module, infrared module, and others will strengthen the growth opportunities for automotive camera module market. The increasing adoption of electric vehicles and growing inclination towards autonomous driving will create growth opportunities for automotive camera module market. Moreover, adoption of advanced technologies for vehicles to avoid collisions will create opportunities for automotive camera module market. Therefore, increasing technological developments and increasing adoption of electric vehicles will strengthen the growth opportunities for the automotive camera module market.

 

Automotive Camera Modules Report Coverage:

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 and Multi View Camera
By Module Type Thermal, Infrared, and Digital
By Vehicle Type Passenger Cars, Commercial Vehicles, and Electric Vehicles
By Distribution Channel OEM and Aftermarket
By Application ADAS, Parking Assistance, Blind Spot Detection, Emergency Braking, Lane Departure Warning, and Otherst
By Region Asia-Pacific, Europe, North America, Latin America, Middle East & Africa
Key Players 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.

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Market Segmentation :

By Type:

Based on the type, the market is segregated into Single View Camera and Multi View Camera. The Single View Camera segment accounted for the major market share in the year 2022. The single view camera provides parking assistance to avoid collisions. Thus, the increasing installation of single view cameras including rear view camera and front view camera is driving the growth of single view camera segment in automotive camera module market.

The Multi View Camera segment is anticipated to register the fastest CAGR growth during the forecast period. The multi view camera provides a complete 360° view around the entire vehicle. Additionally, a multi view camera is used for blind spot mitigation and emergency braking system. Therefore, increasing adoption of multi view camera for advanced features is propelling the growth of multi view camera segment in automotive camera module market.

By Module Type:

Based on the Module Type, the market is classified as Thermal, Infrared, and Digital. The Thermal segment accounted for the largest revenue share in the year 2022. Rising technological developments for improved driving safety are driving the growth of thermal segment in automotive camera module market. For instance, EX-VI Thermal Camera offered by Zhejiang Dali Technology Co., Ltd., has an intelligent assistance system for night-time driving. Additionally, the EX-VI Thermal Camera has the ability to identify vehicles and pedestrians and provide early warning system.

The Infrared segment is anticipated to witness the fastest CAGR growth during the forecast period. The increasing adoption of luxury vehicles with advanced features is promoting the growth of infrared segment in automotive camera module market. Additionally, the infrared camera module provides early detection of obstacles in complete darkness resulting to increase the demand for infrared segment in automotive camera module market.

By Vehicle Type:

Based on the Vehicle Types, the market is classified into Passenger Cars, Commercial Vehicles, and Electric Vehicles. The passenger cars segment accounted for the largest revenue share in the year 2022. The increasing adoption of luxury vehicles is propelling the growth of passenger cars segment in automotive camera module market. Moreover, the increasing trend of 360-degree compact cameras for collision warning, lane departure warning, blind sport detection, and others are driving the growth of passenger cars. Furthermore, the increasing technological developments in automotive industry are driving the demand of camera modules to provide enhance the safety systems, resulting in the growth of passenger cars segment in automotive camera module market. For instance, M3S/M6S Infrared Night Vision Camera for Cars offered by IRay Technology Co., Ltd., has intelligent recognition system developed for ADAS and autonomous driving application. Additionally, the camera provides pedestrian recognition and early safety warning to avoid collisions.

The electric vehicles segment is anticipated to witness the fastest CAGR growth during the forecast period. The increasing automation and technological developments are propelling the growth of electric vehicles segment in automotive camera module market. Additionally, growing environmental concern is driving the demand of electric vehicles, resulting in propelling the growth of electric vehicles segment in automotive camera module market.

Global Automotive camera Module Market, By Vehicle Type, 2022

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By Distribution Channel :

Based on the Distribution Channel, the market is categorized as OEM and Aftermarket. The Aftermarket segment accounted for the major market share in the year 2022 and is also projected to grow with the fastest CAGR during the forecast period. Aftermarket offers cost effective products, resulting in the growth of aftermarket segment in automotive camera module market. The increasing adoption of camera modules for enhanced safety systems is driving the growth of the aftermarket segment in automotive camera module market. Additionally, growing technological advancements in the automotive industry are promoting the growth of the aftermarket segment in automotive camera module market.

By Application :

Based on the application, the market is classified as ADAS, Parking Assistance, Blind Spot Detection, Emergency Braking, Lane Departure Warning, and Others. The ADAS segment accounted for the largest revenue share in the year 2022 and is also expected to grow with the fastest CAGR during the forecast period. The automotive camera modules are widely used for ADAS to provide improved safety systems. For instance, Jabil Optics offered automotive imaging solutions, enabling driver monitoring, surround view, and advanced driver assistance systems (ADAS) applications. The superior camera comprises of various features including LED flicker mitigation, glass optics for high resolution, back side illumination, and others. Additionally, increasing demand for advanced safety systems is promoting the growth of ADAS in automotive camera module market. Moreover, growing adoption of electric vehicles and driverless vehicles are propelling the growth of advanced driver assistance systems (ADAS) in automotive camera module market.

By Region :

The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

 
Asia Pacific Automotive Camera Module Market Size, 2022 (USD Million)

Regional Growth Insights

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North America accounted for the largest revenue share of 33.98% in 2022. The increasing technological advancements, including implementation of ADAS within hybrid and electric vehicles to minimize the risk of accidents are driving the growth of the automotive camera module market in the region. Additionally, the growing trend towards gradual implementation of autonomous driving vehicles is further promoting the growth of automotive camera module market. Moreover, the increasing requirement towards improved safety among electric vehicles in the region, in turn boosting the adoption of automotive camera modules market.

The Asia-Pacific region is anticipated to witness the fastest CAGR of 14.4% to grow from USD 741.11 million in the year 2022 to USD 2,123.87 million in 2030. In addition, in the region, China accounted for the maximum revenue share of 29.4% in the same year. Growing technological advancements in the automotive industry including improvement in camera module with integration of artificial intelligence, parking assistance, driving assistance, and others are boosting the growth of the market in the region. For instance, the 1080P Waterproof IP Camera offered by STONKAM CO., LTD., is an intelligent IPC with digital transmission technology. The camera has a 130 degree wide viewing angle with ability to avoid blind spots and collisions. Additionally, rising environmental concern is driving the adoption of electric vehicles, resulting in propelling the growth of automotive camera module market in Asia Pacific region. Furthermore, increasing technological developments in the automotive industry and growing adoption of electric vehicles are propelling the growth of automotive camera module market.

Asia Pacific Automotive Camera Module Market Size, 2022 (USD Million)

Details Countries Growth Insights

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Automotive Camera Module Market Competitive Landscape:

The Automotive Camera Module Market is highly competitive due to the presence of a large number of key players operating in the market. The report analyses detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the robotic process automation market. Key players in the robotic process automation market include-

  • 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
  • Valeo
  • Veoneer HoldCo, LLC.
  • ZF Friedrichshafen AG
  • Zhejiang Dali Technology Co., Ltd.

Recent Developments :

  • In June 2021, Garmin Ltd. launched voice-controlled dash cam series associated with live view monitoring and automatic video storage.
  • In July 2020, ZF Friedrichshafen AG launched S-Cam 4.8, advanced ADAS cameras. The S-Cam 4.8 offers 100-degree field view to provide enhanced lane keeping system and semi-automated vehicle functions.
 

Frequently Asked Question

What is Automotive Camera Module?+

Automotive camera module is the vehicle component used for vehicle monitoring and provide improved safety system. Automotive camera module comprises of various features including blind spot detection, emergency braking, collision detection, and others.

What specific segmentation details are covered in the Automotive Camera Module Market report, and how is the dominating segment impacting the market growth?+

The report consists of segments including Type, Module Type, Vehicle Type, Distribution Channel, and Application. Each segment has key dominating sub-segment being driven by the industry trends and market dynamics. For instance, by type segment has witnessed Single View Camera as the dominating segment in the year 2022 due to the increasing demand for camera module for passenger cars.

What specific segmentation details are covered in the Automotive Camera Module Market report, and how is the fastest segment anticipated to impact the market growth?+

The report consists of segments including Type, Module Type, Vehicle Type, Distribution Channel, and Application. Each segment is projected to have the fastest-growing sub-segment being fuelled by industry trends and drivers. For instance, by application segment has witnessed ADAS as the fastest-growing segment due to increasing demand for technologically advanced camera module for driver assistance system.

Which region/country is anticipated to witness the highest CAGR during the forecast period, 2023-2030?+

The Asia-Pacific region is anticipated to witness fastest CAGR growth during the forecast period due to the increasing technological advancements in automotive industry.