2022 Automotive Camera Market Research Report

Automotive cameras are crucial for modern vehicles and are categorized into front, rear, side, surround, and interior view. These cameras use image sensors to capture video and still images, providing drivers with a better view of their surroundings. The cameras are also an integral component of advanced driver assistance systems (ADAS), which help drivers avoid collisions, maintain safe distances, and stay within their lanes. Overall, automotive cameras play a crucial role in vehicle safety, and their importance will continue to increase as ADAS systems grow.

At present, rear-view camera has the highest penetration rate of 91.9%, followed by front-view camera who has the penetration rate of 79.8%. The penetration rates of side-view camera and surround-view camera is very close. The interior-view camera had the lowest penetration rate at 0.9%. It is expected that the penetration rate of cameras installed in the coming years will increase further as the adoption rate of ADAS technology increases.

In terms of market size, the market size of high-perception front-view cameras reached $3.199 billion in 2022, It was followed by rear-view cameras with a market size of $2.949 billion, high-perception side-view cameras are in third place at $2.034 billion.

The global market size of the factory installed cameras reached $9.745 billion in 2022 and is expected to exceed $10 billion in 2023. ICV forecasts that the global market for in-car cameras could reach $22.415 billion in 2027, with a CAGR of about 14.9% over 6 years. As the penetration rate of factory installed camera increased, ICV’s analysts predict the post-factory installed camera market would have a decreasing trend in the future, and could drop to $2.244 billion in 2027.

ICV has segmented the global market into five markets based on geography, namely the Chinese market, the European market, the American market, the Asia-Pacific and Middle East market, and the African market. The market size of automotive cameras in China reached $5.413 billion in 2022 and is expected to reach $11.01 billion in 2027. In second place is the European market, with a market size of $3.125 billion in 2022, down 9.3% from 2021, and expected to reach $5.9 billion in 2027.

Report Link：2022 Automotive Camera Market Research Report

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