The study involved four major activities to estimate the current size of the automotive camera market. Exhaustive secondary research collected information on the market, the peer market, and model mapping. The next step was to validate these findings & assumptions and size them with industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used to determine the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources were used to identify and collect information on the automotive camera market for this study. Secondary sources for this research study include corporate filings, such as annual reports, investor presentations, and financial statements; trade, business, and professional associations; whitepapers and automotive software-related journals; certified publications; articles by recognized authors; directories; and databases. Secondary research has been used to obtain key information about the industry’s supply chain, the overall pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from the market- and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as Chief Experience Officers (CXOs), Vice Presidents (VPs), directors from the business development department, marketing experts, product development/innovation n teams, and related key executives from web content management product vendors, SIs, professional service providers, industry associations, and key opinion leaders.
Extensive primary research has been conducted after understanding the automotive camera market scenario through secondary research. Several primary interviews have been conducted with market experts from demand-side automotive camera providers and supply-side OEMs across four major regions: North America, Europe, Asia Pacific, and the Rest of the World. Approximately 30% and 70% of primary interviews have been conducted from the demand and supply sides, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and marketing, were covered to provide a holistic viewpoint in the report.
After interacting with industry experts, we also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter expert opinions, led us to the findings described in the remainder of this report.
Note: Tiers of companies are based on the supply chain of the automotive camera market; companies’ revenues have not been considered.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the automotive camera market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
Bottom-Up Approach, By Application, By Vehicle Type
The bottom-up approach was used to estimate and validate the size of the automotive camera market. In this approach, the country-level production of each vehicle type (passenger cars, LCVs, and HCVs) was identified through country-level associations and OICA. The vehicle production forecast in each country was carried out based on multiple factors, such as country-wise macroeconomic indicators, emission regulations, automotive industry growth, GDP growth, and government initiatives.
Further, to determine the automotive camera market in terms of volume, country-level penetration of various ADAS applications by vehicle type is identified through model mapping for each country. The automotive camera installed per application by vehicle type was derived through secondary research and validated by industry experts. The country-level vehicle type production is then multiplied by the country-level ADAS application penetration of each vehicle type, and the number of cameras installed in each ADAS application gives the country-level automotive market by vehicle type and by application in terms of volume.
The average selling price of automotive cameras installed in each ADAS application for each vehicle type is derived through secondary sources and further validated by industry experts. The country-level automotive camera market volume, by application, was multiplied by the average selling price of automotive cameras, giving the market in terms of value (USD million) by vehicle type and by application.
Further, the summation of country-level markets provides the regional-level markets in terms of volume (thousand units) and value (USD million). A further summation of regional-level markets provided the global automotive camera market in terms of volume (thousand units) and value (USD million) by region and application. A similar approach was followed to derive the total number of automotive camera installations in electric vehicles by application and vehicle type.
Market Size Estimation Methodology-Bottom-up approach
In the bottom-up approach, the adoption rate of web content management products among different verticals in key countries with respect to their regions contributing the most to the market share was identified. For cross-validation, the adoption of WCM products among enterprises, along with different use cases with respect to their regions, was identified and extrapolated. Weightage was given to use cases identified in different regions for the market size calculation.
Based on the market numbers, the regional split was determined by primary and secondary sources. The procedure included the analysis of the WCM market’s regional penetration. Based on secondary research, the regional spending on Information and Communications Technology (ICT), socio-economic analysis of each country, strategic vendor analysis of major web content management providers, and organic and inorganic business development activities of regional and global players were estimated. With the data triangulation procedure and data validation through primaries, the exact values of the overall web content management market size and segments’ size were determined and confirmed using the study.
Automotive Camera Market : Bottom-Up Approach
Global Automotive Camera Market Size: Top-Down Approach, By Level of Autonomy, View Type, And Technology
The top-down approach was followed to determine the market size by view type, technology, and level of autonomy in terms of volume and value for the automotive camera market. The automotive camera market volume and value by region (Asia Pacific, North America, Europe, RoW) were derived from the global automotive camera market. For the view type, technology type, and level of autonomy, the different ADAS applications under different view types (front view, rear view, and surround view), different technologies (digital, infrared, and thermal), and levels of autonomy (L0/L1, L2, and L3) were considered. Through this, the market volume and value for automotive cameras, by view type, technology, and level of autonomy, were derived. The summation of all region-wise markets was carried out to obtain the total automotive camera market by view type, technology, and level of autonomy in terms of volume (thousand units) and value (USD million).
Automotive Camera Market : Top-Down Approach
Data Triangulation
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in the report. The following figure is an illustrative representation of the overall market size estimation process employed for this study.
Market Definition
Automotive Camera: A camera is a device that records visual images in the form of photographs, films, or video signals. In the automotive sector, a camera is used as an advanced safety device to enhance the visibility of the surrounding environment of a driver and improve vehicle safety. An automotive camera records images through lenses and converts them into electrical signals. The growing demand for advanced driver assist systems (ADAS) in developed and emerging economies is attributed to the use of cameras in various applications such as parking assist, cross-traffic alert, and pedestrian detection systems.
Stakeholders
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ADAS Integrators
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Automotive Camera Component Manufacturers
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Automotive Camera Manufacturers
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Automotive Software and Platform Providers
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Autonomous Driving Platform Providers
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Government and Research Organizations
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National Highway Traffic Safety Administration (NHTSA)
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Raw Material Suppliers for Automotive Cameras
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Transport Authorities
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Vehicle Safety Regulatory Bodies
Report Objectives
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To segment and forecast the automotive camera market in terms of volume (thousand units) and value (USD million)
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To define, describe, and forecast the market based on technology, ICE application, vehicle type, view type, electric vehicle (EV) type, EV application, level of autonomy, and region
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To analyze regional markets for growth trends, prospects, and their contribution to the overall market
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To segment and forecast the market by technology (digital, infrared, and thermal)
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To segment and forecast the market by ICE application (adaptive cruise control; adaptive cruise control + forward collision warning; adaptive cruise control + forward collision warning + traffic sign recognition; blind spot detection; blind spot detection + lane keep assist + lane departure warning; adaptive lighting system; intelligent parking assist; driver monitoring system; night vision system; parking assist)
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To segment and forecast the market by vehicle type (ICE) (passenger car, light commercial vehicle, heavy commercial vehicle)
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To segment and forecast the market by view type (front view, surround view, and rear view)
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To segment and forecast the market by EV type [battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), fuel cell electric vehicle (FCEV)]
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To segment and forecast the market by EV application (adaptive cruise control; adaptive cruise control + forward collision warning; adaptive cruise control + forward collision warning + traffic sign recognition; blind spot detection; blind spot detection + lane keep assist + lane departure warning; adaptive lighting systems; intelligent parking assist; driver monitoring systems; night vision systems; parking assist)
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To segment and forecast the market by level of autonomy (L0/ L1, L2, and L3)
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To forecast the market by region [North America, Europe, Asia Pacific, and the Rest of the World (RoW)]
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To analyze technological developments impacting the market
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To provide detailed information about the major factors influencing the market growth (drivers, challenges, restraints, and opportunities)
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To strategically analyze the market, considering individual growth trends, prospects, and contributions to the total market
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To study the following concerning the market
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Impact of AI/Gen AI on the automotive camera market
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Trends/Disruptions impacting customer business
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Supply chain analysis
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Ecosystem analysis
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Technology analysis
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Trade analysis/HS code analysis
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Case study analysis
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Patent analysis
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Regulatory landscape
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Key stakeholders and buying criteria
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Key conferences and events
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Supplier analysis
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Investment and funding scenario
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To estimate the following with respect to the automotive camera market:
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Pricing analysis
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By vehicle type
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By region
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Market share analysis
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To strategically profile key players and comprehensively analyze their market shares and core competencies
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To track and analyze competitive developments, such as product launches, deals, and expansions, carried out by key industry participants
Available Customizations
With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.
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GLOBAL AUTOMOTIVE CAMERA MARKET, BY APPLICATION AND VEHICLE TYPE (ICE)
Note: The market will be provided for ICE vehicle types – passenger cars, light commercial vehicles, and heavy commercial vehicles. No further bifurcation at the regional level will be provided.
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ELECTRIC & HYBRID VEHICLE CAMERA MARKET, BY APPLICATION AND ELECTRIC VEHICLE TYPE
Note: The market will be provided for electric & hybrid vehicle types – BEV, PHEV, and FCEV. No further bifurcation at the regional level will be provided.
Company Information
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Profiling of additional market players (Up to 5)
Growth opportunities and latent adjacency in Automotive Camera Market