Sarasota, FL -- (SBWIRE) -- 04/02/2019 -- Zion Market Research has published a new report titled "Automotive Camera Market by Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles, and Passenger Vehicles), by Technology (Thermal Camera, Digital Camera, and Infrared Camera), by View Type (Single View System and Multi-Camera System), and by Application (Lane Departure Warning System, Driver Monitoring System, Park Assist System, Blind Spot Detection, Adaptive Cruise Control System, Autonomous Emergency Braking System, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025". According to the report, the global automotive camera market was valued at around USD 7.6 billion in 2018 and is expected to reach approximately USD 15.4 billion in 2025, at a CAGR of slightly above 10.64% between 2019 and 2025.

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The onboard cameras developed for capturing HD quality videos for visibility enhancement of the driver is termed as an automotive camera. These cameras are designed specifically for the driver's safety and parking assistance. Additionally, automotive cameras play a crucial role in gathering critical evidence by extracting meaningful information from the captured images. Emergency recording, GPS track, multi-lens, wide angle lenses, infra-red lighting, photo mode, and loop recording are some important features driving the accelerating adoption rate of these automotive cameras globally.

The rising number of road accidents is driving the global automotive camera market worldwide. According to the World Health Organization, 1.35 million deaths were recorded at the growth rate of 18.2% globally due to road accidents in 2016. Thereby, the accelerating road fatalities have raised concerns for driver's safety and simultaneously escalated the market demand for automotive cameras. The rising adoption rate of ADAS globally has simultaneously escalated the penetration of automotive cameras, which is anticipated to drive this market over the forecast timeframe. In addition, speed camera alert feature holds significant contribution in driving the automotive camera market. However, the high initial cost required for the deployment of automotive cameras may hinder the market in the years ahead. Moreover, technological enhancements of automotive cameras, such as upgrading night vision quality, are estimated to offer new market opportunities in the upcoming years.

The global automotive camera market is segmented based on vehicle type, technology, view type, and application. By vehicle type, the market is classified into light commercial vehicles, heavy commercial vehicles, and passenger vehicles. The technology segment includes thermal camera, digital camera, and infrared camera. The digital camera segment held a substantial market share in 2018. Single view system and multi-camera system form the view type segment of the global automotive camera market. By application, the market classified into lane departure warning system, driver monitoring system, personal lane departure warning system, blind spot detection, adaptive cruise control system, autonomous emergency braking system, and others. The blind spot detection segment is likely to grow notably in the future, owing to the high demand for ADAS applications.

By region, Europe is projected is expected to hold a prominent share of the global automotive camera market in the future, due to the remarkable presence of major automotive camera manufacturers and the region's flourishing automotive industry. During the forecast timeframe, market demand of automotive cameras is anticipated to grow rapidly in the Asia Pacific due to the flourishing automotive sector in developing Asian economies, such as India and China.

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Some key players of the global automotive camera market are Robert Bosch GmbH, Clarion, Magna International Inc., Autoliv, Continental AG, Ficosa, Automation Engineering Inc., Intel, OmniVision Technologies, and Aptiv PLC, among others.

This report segments the global automotive camera market into:

Automotive Camera Market: Vehicle Type Analysis

Light Commercial Vehicles
Heavy Commercial Vehicles
Passenger Vehicles

Automotive Camera Market: Technology Analysis

Thermal Camera
Digital Camera
Infrared Camera

Automotive Camera Market: View Type Analysis

Single View System
Multi-Camera System

Automotive Camera Market: Application Analysis

Lane Departure Warning System
Driver Monitoring System
Park Assist System
Blind Spot Detection
Adaptive Cruise Control System
Autonomous Emergency Braking System
Others

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Automotive Camera Market: Regional Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa