Vehicle Cameras Market By Technology (Thermal Camera, Infrared Camera, Digital Camera), By Application Type (Park Assist, Dashcams, Others), By Channel (OEMs, Aftermarket), By View Type (Single View System, Multi Camera System), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) - Growth, Future Prospects & Competitive Analysis, 2019 – 2027

Vehicle Cameras Market to Register Tremendous Growth

The vehicle cameras market worldwide is expected to grow with a CAGR of 10.30% during the forecast period from 2019 to 2027, starting from US$ 9.30 billion in 2018. Vehicle cameras are useful in various instances, such as to prevent theft, avoid collisions, detect blind spots, monitor the driver, and others. Every year, nearly 1.25 million people die in road crashes, with another 20–50 million being injured. These cameras are attached at different positions in the vehicle, such as on the dashboard, front, and rear bumpers, and the windshield, to give a 360-degree view of the vehicle's surroundings. Vehicle cameras have numerous benefits, such as the ability to record road trip memories, unexpected occurrences, rash driving, and others. On account of these benefits and the rise in awareness, we are expecting huge growth in the vehicle cameras market during the forecast period.

Market Synopsis

Multi-Camera System to Emerge as the Market Leader

Based on the view type, the multi-camera system will emerge as the market leader and will hold more than 50% of the market during the forecast period. The multi-view system consists of four cameras mounted in the front and back and two side cameras integrated into the exterior rearview mirrors. Further, with an aperture of 190 degrees each, they capture the vehicle's entire surroundings to form a 360-degree view. These cameras have numerous benefits, such as enhanced parking assistance, the ability to avoid collisions, blind spot detection, and others. On account of its benefits, we are expecting the multi-camera system to emerge as the market leader throughout the forecast period.

North America to Lead the Market Throughout the Forecast Period

In 2018, North America led the market, followed by Europe. In 2018, in North America, nearly 36,750 people died due to road accidents. The safety regulations introduced by the government in this region and various insurance schemes, such as the in-car camera incentive program, give a boost to the market. In North America, people and the government want to reduce collision deaths, so they are adopting related safety measures. As a result, the vehicle camera market is growing. Due to government regulations in Europe and a rise in awareness of these cameras in Asia and the Pacific, we are expecting huge growth in the region.

Some of the prominent players operating in the vehicle cameras market include Robert Bosch GmbH, Continental AG, Aptiv PLC, Stonkam Co., Ltd., Autoliv Inc., Valeo S.A., Automation Engineering Inc., Mobileye, OmniVision Technologies Inc., Ficosa International S.A., Clarion, Qrontech Co., Ltd., GoPro Inc., DCS Systems Ltd., Transcend Information Inc., Falcon Electronics LLC, Garmin International, Inc., and others.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The vehicle cameras market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global vehicle camera market based on technology, application, channel, view type, vehicle type, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

• What was the market size of vehicle cameras in 2018, and what is the forecast up to 2027?
• Which is the largest regional market for vehicle cameras?
• What are the major trends followed in overall vehicle cameras across different regions?
• What are the key market trends and high-growth opportunities observed in the vehicle camera market?
• What are the drivers of the vehicle camera market?
• Who are the key vehicle camera companies leading the market?
• What are the key strategies adopted by the leading vehicle camera companies in the market?

Unique data points of this report

• Statistics for on-vehicle cameras worldwide
• Recent trends across different regions in terms of the adoption of vehicle cameras
• Notable developments are going on in the vehicle camera industry.
• attractive investment proposition for the vehicle camera segment as well as geography
• The comparative scenario for all the segments for the years 2018 (actual) and 2027 (forecast)

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