The automotive camera market in Europe is expected to grow from US$ 2,414.23 million in 2022 to US$ 8,439.24 million by 2028; it is estimated to grow at a CAGR of 23.2% from 2022 to 2028.
The Europe automotive camera market growth is attributable to the rising adoption of advanced cameras in vehicles. The automotive cameras assist the driver in parking, maneuvering, and assessing the vehicle’s performance. The camera systems have played a crucial role in a few recent applications, including Lane Departure Warning Systems (LWDS), Forward Collision Warning System (FCWS), and Blind Spot Warning (BSW). In light and heavy commercial vehicles, the adoption of automotive cameras is growing in various system solutions, such as rear view camera, surround view camera, e-mirror, and driver monitoring systems (DMS). The cameras can be embedded with advanced computer vision algorithms for real machine vision systems for the advanced driver assistance systems (ADAS). Thus, the increase in applications of cameras in automotive vehicles and the rise in technological advancements fuel the adoption of advanced cameras in cars.
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The leading players providing automotive cameras are significantly adopting advanced technologies. For instance, in May 2021, StradVision, a leading company in AI-based vision processing technology for autonomous vehicles and automotive ADAS, introduced the latest features of camera perception software named โSVNetโ. It is a deep learning-based perception software that supports ADAS features, including highway driving assist and automated valet parking. In addition, the rear view camera provided by STMicroelectronics for automotive vehicles caters to various applications, such as state-of-the-art HDR image sensors VG6640 and a versatile image signal processor (ISP) that offers excellent flicker-free image quality at HD resolution.
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Aptiv PLC
Autoliv Inc.
Continental AG
FLIR Systems, Inc.
Gentex Corporation
Magna International Inc.
Mobileye
Robert Bosch GmbH
Stonkam Co., Ltd.
Valeo
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It also provides its product offerings for Driver Monitoring System (DMS) applications, through its HDR Europe Shutter sensor (1.6 Mpixel and 2.3 Mpixel), along with a multichannel voltage regulator and automotive-led drivers, MEMS sensors, ensuring greater flexibility for high-end computer vision applications in critical weather conditions and environments. Thus, the rising adoption of advanced cameras bolsters the automotive camera market growth
Segments Covered
By Application
- Park Assist
- ADAS
By Type
- Mono Camera
- Surround View Camera
- Rear View Camera
By Vehicle Type
- Passenger Cars
- Commercial Vehicle
By Level of Autonomy
- L1
- L2
- L3
Europe Automotive Camera Regional Insights
The geographic scope of the Europe Automotive Camera refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Market Segmentation
The automotive camera market in Europe can be segmented based on various factors, including camera type, application, and vehicle type.
- By Camera Type:
- Front Cameras: Front-facing cameras are used in ADAS features such as lane departure warning, forward collision warning, and automatic emergency braking. These cameras provide essential data for the vehicle’s navigation system, helping to avoid potential hazards on the road.
- Rear Cameras: Rear-view cameras are now standard in most vehicles and are vital for parking assistance and reversing safety. These cameras provide real-time footage of the area behind the vehicle, helping drivers avoid collisions while backing up.
- 360-degree Cameras: 360-degree cameras are designed to provide a comprehensive view of a vehicleโs surroundings. They are used in advanced parking assistance systems and are gaining popularity in high-end vehicles.
- Side Cameras: Side cameras offer a wider view of the vehicleโs surroundings, particularly in blind-spot monitoring and lane-change assist applications.
- By Application:
- ADAS Applications: The majority of automotive cameras in Europe are integrated into ADAS systems. These applications are designed to improve driver safety by providing additional support and assistance, reducing the risk of accidents and enhancing the driving experience.
- Autonomous Driving: As autonomous driving technology continues to advance, the demand for cameras used in self-driving vehicles is growing. These cameras are essential for mapping out the vehicleโs environment and ensuring safe navigation without human intervention.
- By Vehicle Type:
- Passenger Vehicles: The largest segment in the European automotive camera market is passenger vehicles. As consumer demand for enhanced safety and convenience increases, more passenger cars are being equipped with advanced camera systems.
- Commercial Vehicles: Commercial vehicles, including trucks and buses, are also adopting automotive camera systems to enhance safety on the roads. These vehicles often require more complex camera systems due to their larger size and increased exposure to accidents.
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