According to a new report, published by KBV research, The Global Automotive Camera Market size is expected to reach $16.4 billion by 2030, rising at a market growth of 10.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 30,455.3 thousand units, experiencing a growth of 9.7% (2019-2022).
Infrared cameras are emerging as a key innovation for automotive applications, especially in night vision. These cameras capture infrared radiation, providing a clear view of the road ahead, even in complete darkness. Night vision systems powered by infrared cameras enhance driver visibility and contribute to overall road safety. Infrared cameras cut through these challenges by focusing on thermal signatures, allowing drivers to discern objects and obstacles even when obscured by weather-related impediments. This increases overall safety and decreases the likelihood of collisions during difficult driving conditions. In pursuing sustainable mobility, the automotive industry is exploring energy-efficient camera solutions.
Moreover, low-power and energy-efficient camera technologies minimize vehicles' overall power consumption, aligning with the broader industry goals of reducing environmental impact. The automotive industry is at a crossroads where sustainability has evolved from a desirable feature to a fundamental ethos. Manufacturers embrace sustainability goals encompassing every facet of vehicle design and operation. This includes not only the reduction of emissions but also the efficient use of energy resources throughout a vehicle's lifecycle.
The Thermal Camera segment is registering a CAGR of 10.7% during (2023 - 2030). Thermal cameras excel in detecting heat signatures, making them effective for pedestrian detection even in challenging lighting conditions. This feature is especially important for advanced driver assistance systems (ADAS) and autonomous vehicles to avoid collisions with pedestrians. As a result, these aspects will assist in the growth of the segment.
The Adaptive Cruise Control System segment is leading the Global Automotive Camera Market, by Application in 2022; thereby, achieving a market value of $4 Billion by 2030. Adaptive cruise control systems use cameras and other sensors to monitor the distance between the current vehicle and the one ahead. The system can adjust the vehicle's speed automatically to maintain a safe following distance. This feature significantly contributes to collision avoidance and overall road safety. Owing to these factors, there will be increased demand in the segment.
The Light Commercial Vehicle segment is experiencing a CAGR of 10.7% during (2023 - 2030). The integration of cameras in light commercial vehicles (LCVs) contributes to improved safety by providing drivers with enhanced visibility around the vehicle. Cameras assist in mitigating blind spots, aid drivers during maneuvers such as parking and lane changes and contribute to collision avoidance. Therefore, the segment will grow rapidly in the upcoming years.
Full Report: https://www.kbvresearch.com/automotive-camera-market/
The North America region dominated the Global Automotive Camera Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.3 Billion by 2030. The Europe region is poised to grow a CAGR of 10.3% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 11.2% during (2023 - 2030).
By Technology Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Vehicle Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Geography (Volume, Thousand Units, USD Billion, 2019-2030)
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