Global Automotive Camera Industry to reach USD 25.5 million by 2026. Global Automotive Camera Industry is valued approximately USD 13.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9.6% over the forecast period 2020-2026. Increasing consumer demand for active safety systems, rise in number of road fatalities are driving the automotive camera Industry. Automotive camera is an onboard camera, which is designed to capture the highest quality video to extend visibility for enhancing the safety of the driver. For instance, as per The National Highway Traffic Safety Administration, there are 210 fatalities and 15,000 injuries annually due to back-over crashes. Increasing demand of consumer vehicles across various economies would promote the adoption of automotive cameras for safety. According to report of OICA, over 268,458 vehicles were manufactured in Argentina in 2017, 830,346 in India and 203,264 vehicles were manufactured in Russia. Thus, growing demand of vehicles across various countries would drive the Industry growth over the forecast period.
On the basis of segmentation, the Automotive Camera Industry is segmented into Application, Technology and Vehicle Type. Application segment is segmented into Park assist system, Lane departure warning system, Adaptive cruise control system, Autonomous emergency braking system and Blind spot detection. Technology segment is further divided into Infrared cameras, Thermal cameras and Digital cameras and Vehicle Type includes Passenger vehicles, Light commercial vehicles and Heavy commercial vehicles.
The regional analysis of global automotive camera Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the dominating region across the world in terms of Industry share region over the forecast period 2020-2026.
The objective of the research study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming six years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the research study. However, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industry for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Automotive Camera Market Segmentation:
Park assist system
Lane departure warning system
Adaptive cruise control system
Autonomous emergency braking system
Blind spot detection
By Vehicle Type:
Light commercial vehicles
Heavy commercial vehicles
Rest of Europe
Rest of Asia-Pacific
Middle East & Africa