Lucintel's latest market report analyzed that automotive camera provides attractive opportunities in the compact cars, large cars, and light commercial vehicles. The automotive camera market is expected to reach $7.9 billion by 2027 with a CAGR of 14.3%. In this market, light commercial vehicle is the largest segment by vehicle type. The introduction of recognition camera technology that results in mirrorless cars and the increased usage of wide angle camera technology provides strategic growth path in this market.
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Based on vehicle type, the automotive cameramarket is segmented into small cars, compact cars, large cars, SUVs and crossovers, and light commercial vehicles. The light commercial vehicles segment accounted for the largest share of the market in 2020 and it is also expected to witness the highest growth over the forecast period as customers are looking for high-tech and safety features in light commercial vehicles, which will foster growth opportunities for camera suppliers.
Browse in-depth TOC on “Automotive Camera Market”
143 – Tables
171 – Figures
261 – Pages
The automotive camera market is marked by the presence of several big and small players. Some of the prominent players offering automotive camera include Robert Bosch, Continental AG, Gentex, Magna, Valeo, and Panasonic Corporation.
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