Autonomous vehicles utilize cameras, radars, and LIDAR to sense the surrounding environment and get a quicker response and prevent collisions. Automatic Camera module make use of different types of cameras to help in efficiently manage the operations of self-driving cars. The global automotive camera module market was valued at USD XX million in 2017 and is expected to reach a revenue of up to USD XX million by 2025 growing at a CAGR of XX%.
The global automotive camera module market is majorly held by a few global players, and several other regional players.
The primary players operating in the automotive camera module market include AEi Boston, Autoliv, BoschContinental, Ambarella, Kappa optronics, OSRAM Opto Semiconductors, SAMSUNG ELECTRO-MECHANICS, SamvardhanaMotherson Group (SMG), and Texas Instruments among other.
The global automotive camera module market is segmented on the basis of system, application and geography.Automotive camera modules are used in passenger vehicles to enhance the level of safety offered by these systems. The installation of rear-view camera-based parking system is mandated to avoid accidents, and consequently, driving the growth of the market. On the basis of system the market is classified into driver assistance cameras and support cameras.
Based on geography, North America dominated the instalment of automotive cameras, generating the largest revenue in 2017. The presence of a large number of automated cars and the fast adoption rate of new technology are the primary drivers of the U.S. automotive camera market.
Automotive Camera Market Key Segments:
On the Basis of Application:
On the basis of System:
Driver assistance cameras
On the Basis of Region:
Middle East and Africa (MEA)
The automotive camera module market share is significantly concentrated in the hands of the major market players. These vendors in the car backup camera market compete intensely by resorting to integration of new and advanced technology and also by developing new features in order to achieve product differentiation and maintain or expand their current market share. Automotive camera manufacturers offer a wide range of product portfolio in both the active and passive safety systems. The camera module systems such as park assist, rear view camera system, 360° surround view system, and backup cameras are expected to significantly increase the revenue share during the forecast period as these features are gaining significant popularity among the customers.