2024H1 Global Automotive Camera Market Research Report

Automotive cameras are essential visual sensors for intelligent driving. These cameras can be installed in various positions within the vehicle, including front view cameras, surround view cameras, rear view cameras, side view cameras, and interior cameras. Intelligent driving cameras not only help vehicles understand their surroundings but also support advanced driver assistance features such as lane keeping, automatic emergency braking, and adaptive cruise control. They are a key component of advanced driver assistance systems (ADAS).

In terms of penetration rates, the penetration rate of intelligent driving cameras in the first half of 2024 has increased compared to previous years. Among them, the rearview camera has the highest penetration rate at 92.9%, followed by the front view camera at 82.3%. The penetration rates for side view cameras and surround view cameras are comparable, while the penetration rate for interior cameras is the lowest at just 2.1%. With the advancement of ADAS technology, the importance of intelligent driving cameras is increasingly prominent, and the penetration rates will continue to rise.

Regarding market size, in the first half of 2024, the market size for front view cameras reached $1.910 billion, while the market size for rearview cameras was $1.502 billion. Side view and surround view cameras are more commonly configured in higher-end intelligent driving systems, with a combined market size of $2.728 billion. The market size for interior cameras is relatively low, at $34 million.

In the first half of 2024, the market size for intelligent driving cameras installed in factories worldwide reached $8.903 billion. ICV predicts that by 2030, the global market for automotive cameras could reach $39.178 billion, with an average annual compound growth rate of approximately 12.03% from 2024 to 2030. With the rapid increase in global intelligent driving vehicles and the rising penetration rates of factory-installed cameras, ICV analysts forecast that the market for aftermarket-installed cameras will experience slow growth, with an expected market size of $6.101 billion by 2030.