The global automotive camera market size is projected to grow from USD 8.33 Billion in 2024 to USD 16.04 Billion by 2030, at a CAGR of 11.5%. Government regulations regarding vehicle occupants and pedestrian safety is driving the growth of the automotive camera market on a global scale. The GSR2 regulations in Europe, effective June 2024, mandate driver monitoring systems (DMS) in all new vehicles. This has raised the demand for cameras that can monitor driver alertness. Technological advancements are also enhancing camera capabilities. Companies such as Valeo (France) and Teledyne FLIR LLC (US) are developing thermal imaging for automotive applications, providing improved visibility in extreme weather conditions as well as during nighttime.
Initiatives aimed at enhancing road safety, reducing traffic congestion, and supporting autonomous vehicle technology require sophisticated camera systems for accurate detection and monitoring. These vehicles rely on multiple cameras, typically 8–12, to ensure safe and efficient operations. To stay competitive, automotive camera providers are continuously innovating and adopting diverse growth strategies. In September 2024, Continental AG (Germany) launched the ProViu Mirror, a digital camera monitor system designed for commercial vehicles as an alternative to traditional wing mirrors. These factors, coupled with the development of new technologies such as windshield cameras and AI-equipped cameras, indicate that the automotive camera market is poised for continued growth.
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The passenger car is anticipated to show the largest growth in the global automotive camera market.
The passenger car segment of the automotive camera market is expected to experience the highest growth during the forecast period. The rising demand for ADAS is a crucial factor behind the increasing use of cameras in passenger cars. ADAS technologies, such as lane departure warnings and forward collision alerts, depend on cameras to identify and react to potential dangers. Additionally, global governmental regulations are moving toward making ADAS mandatory in passenger cars. For example, the EU has expanded its requirements to include features like the Advanced Emergency Braking System (AEBS) and the Lane Departure Warning (LDW) system. These features have been mandated in EU countries from July 2022. Such regulatory measures are likely to further stimulate the market for automotive cameras in passenger cars.
Thermal camera is anticipated to be the fastest growing technology in the global automotive camera market.
Thermal cameras are essential for ADAS, including night vision systems and pedestrian detection. In night vision systems, thermal cameras enhance driving safety by detecting the heat signatures of objects, such as pedestrians or animals, and providing visual alerts to the driver. This significantly reduces the risk of accidents in low-visibility conditions like darkness, fog, rain, or snow. Thermal cameras are also used in pedestrian detection systems, where they identify the heat emitted by people, helping prevent collisions by alerting the driver to their presence. This technology is particularly useful in urban environments or areas with heavy foot traffic.
The primary difference between thermal and infrared cameras lies in the type of infrared light they use. Thermal imaging systems utilize mid or long-wavelength infrared light, whereas infrared systems use short-wavelength infrared light. Thermal imagers are passive devices that detect variations in heat but cannot sense reflected light. Because they operate in a longer infrared wavelength spectrum than active infrared systems, they remain unaffected by incoming headlights, fog, haze, and dust. This capability allows thermal cameras to detect temperature changes, making them ideal for identifying heat signatures from objects or people in complete darkness. While both thermal and infrared cameras detect heat, thermal cameras are particularly advantageous for their ability to function under a wider range of conditions.
Germany to lead the automotive camera market in Europe.
Germany is expected to be the largest market for automotive cameras in the European region during the forecast period. The German automotive camera market is expected to grow due to the increasing safety awareness and government regulations mandating advanced systems in vehicles. Major German OEMs like Volkswagen and Daimler have already integrated advanced features to enhance the driving experience, offering most ADAS features as standard in their premium vehicles. Since July 2022, the country has mandated the use of ADAS features such as automotive emergency braking, driver monitoring, and lane departure warning systems. The extension of the GSR regulation (GSR2) is expected to further drive the demand for Automotive cameras in Germany.
Key Players
The automotive camera market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Valeo (France), ZF Friedrichshafen AG (Germany), and Denso Corporation (Japan), and Ficosa International SA (Spain), among others.
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