Global Automotive Camera Market Size, Share, Forecast Report, 2020-2027

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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Automotive Camera Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Automotive Camera market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The automotive camera market is projected to grow at a CAGR of 12.4% during the forecast period, to reach USD 12.2 billion by 2025 from an estimated USD 6.8 billion in 2020. Increasing vehicle production, government safety norms, consumer demand for safer vehicles and rising sales of EVs are likely to fuel the demand of automotive camera market.

The COVID-19 pandemic has become a major concern for automotive stakeholders. Suspension of vehicle production and supply disruptions have brought the automotive industry to a halt. Lower vehicle sales post the pandemic will be a major concern for automotive OEMs for the next few quarters. According to experts, there is a slim chance of vehicle sale recovery in 2020. The automotive camera market, however, is expected to witness a significant boost from 2022, owing to the mandates by different countries. Reduced vehicle sales and abrupt stoppage in the development of new automotive technologies expected to result in sluggish growth of the automotive camera market in 2021.

Major automotive camera providers such as Bosch and Continental have announced the suspension of production due to the reduced demand, supply chain bottlenecks, and to ensure the safety of their employees in France, Germany, Italy, and Spain during the COVID-19 pandemic. As a result, the demand for automotive camera solutions is expected to decline in 2020. Manufacturers are likely to adjust production to prevent bottlenecks and plan production according to demand from OEMs and tier 1 manufacturers. Major automotive camera solution providers lost revenue in Q1 2020. Due to the severity of the pandemic, resuming vehicle production is unlikely, especially in the US and major European countries, and tier 1 players suspect a further decline in revenue in the remaining quarters of 2020. For instance, Aptiv's advanced safety and user segment logged revenue of USD 902 million in Q1 2020 compared to USD 1,023 million in Q1 2019, a decline of 13%. According to the company, the scenario could be worse in Q2 as global vehicle production is expected to fall by 50-60%. The company suspended production in China, followed by North America and Europe. Camera providers are facing disruptions in supply chains as countries are in a state of lockdown to prevent the spread of the disease. Thus, the market for automotive camera is estimated to undergo a declining phase in 2020.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Automotive Camera market are included as given below:

The global automotive camera market is dominated by major players such as Robert Bosch (Germany), Continental AG (Germany), ZF Friedrichshafen (Germany), Denso (Japan), Aptiv (UK), Ficosa (Spain), and Magna International (Canada). These companies have secure distribution networks at a global level. Also, these manufacturers offer a wide range of automotive camera. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements.

The global Automotive Camera market has been segmented as below:

Automotive Camera Market, By Application

Park Assists

ADAS

Automotive Camera Market, By View type

Single View System

Multi Canera System

Automotive Camera Market, By Technology

Infrared Camera

Thermal Camera

Digital Camera

Automotive Camera Market, By Vehicle Type and Class

Passenger Cars

Economy Vehicle

Mid-Priced Vehicle

Luxury Vehicle

Commercial Vehicle

Light Commercial Vehicle

Heavy Commercial Vehicle

Automotive Camera Market, By Electric Vehicle

BEV

FCEV

HEV

PHEV

Automotive Camera Market, By Level of Autonomy

L1

L2 & L3

L4

L5

Automotive Camera Market, By Region

North America

Asia Pacific

Europe

RoW

Reasons to Purchase this Report:

Estimates Automotive Camera development trends with SWOT analysis

� Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

� Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion

� Market dynamics scenario, along with growth opportunities for players in the years to come

� Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

� Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects