According to the research report titled ‘Automotive Camera Market Size By Type (Mono, Stereo, Trifocal), By Application (ADAS [Lane Departure Systems, Emergency Braking Systems, Forward Collision Warning, Others], Parking Assist), By Vehicle Type (Passenger Cars, Utility Vehicles, Commercial Vehicles), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025,’ available with MarketStudyReport, global automotive camera market is expected to reach a valuation of USD 19 billion during 2019-2025.

Rising concerns about passenger & pedestrian safety, elevated integration of advanced driver assisted systems (ADAS) in vehicles, and increasing production of automobiles are factors propelling global automotive camera industry expansion.

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Moreover, strong demand for luxury vehicles, coupled with proliferation of automotive sector are further bolstering the progress of market.

Despite the positive outlook, high thermal noise pollution incurring from cameras is likely to impede the growth of business sphere during the review period.

Regarding product type, the trifocal segment is estimated to witness notable growth during the forecast period, due to improved viewing features of trifocal which uses which use triple lenses to enable a wider angle, assisting drivers in estimating the correct distance between objects and vehicles. Furthermore, manufacturers are using such cameras in autonomous vehicles to differentiate their low-cost vehicles, thus supporting segmental growth.

From an application standpoint, worldwide automotive camera business landscape is categorized into parking assist, and ADAS (emergency braking system, forward collision warning, lane departure system, and others). Escalating number of road accidents is encouraging the adoption of ADAS in vehicles, as these sensors used in monitoring systems aid in identifying driver behavior, which can be useful in avoiding accidents. As a result, technological advantages such as tracking facial expressions in a vision system to convey a warning are variables that facilitate widespread integration of automotive cameras.

In terms of vehicle type, the passenger cars segment is anticipated to record robust gains by the end of projected timeline, due to extensive product usage in these vehicles for enhancing the safety features.  

Regionally, Europe automotive camera industry size is slated to grow through 2025, on account of upsurge in production of commercial & passenger vehicles, along with strict safety regulations for to minimize road fatalities.

The major players in market are ZF Friedrichshafen AG, Aptiv plc, Veoneer, Faurecia Clarion Electronics Co. Ltd., Valeo SA, Continental AG, STONKAM Co. Ltd., Denso Corporation, Hitachi Automotive Systems Ltd., Magna International Inc., Samsung Electro Mechanics, Mobileye, Robert Bosch GmbH, and OmniVision Technologies Inc. among others.