Vehicle Camera Market

Vehicle Camera Market

Vehicle Camera Market Forecasts to 2028 – Global Analysis By Price (Affordable (Upto US $100), Mid-Range (US $100 to US $200), High-End (Above US $200)), Vehicle Type, Technology, View Type, Camera Type, and By Geography

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4.9 (45 reviews)
Published: 2022 ID: SMRC21797

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2022)

US $23.87 BN

Projected Year Value (2028)

US $52.40 BN

CAGR (2022 - 2028)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific

According to Stratistics MRC, the Global Vehicle Camera Market is accounted for $23.87 billion in 2022 and is expected to reach $52.40 billion by 2028 growing at a CAGR of 14.0% during the forecast period. Vehicle camera is an electronic device, sticks on the windscreen and records the front road. The camera uses memory cars to record the video footage. The camera continually records by automatically starting and stopping as you turn the car on and off. The vehicle camera is also referred to as a dashcam. The camera ensures safety and security and is featured with ability photographs, GPS tracking, and parking protection. They act as a powerful tool for many applications including, taxi surveillance, law enforcement, fleet risk management, accident reconstruction, student & advanced driver training, racing car driver training, aerial flight instructors, nautical recording, tourist scenic video, and personal audio or video projects.

North America accounted for over a third of the whole market, followed by Europe with a share of some 29 percent and China with a share of almost 18 percent of the global market. The Chinese automotive camera market reached the size of over 1.1 billion U.S. dollars in 2019. Internal, rear, side, and front cameras provide drivers with an increased vision for safer merging, more accessible parking, and increased security. As of 2020, estimates suggest that the global market for automotive sensors will cross 40 billion U.S. dollars by 2025.

Market Dynamics:


Growing demand for vehicle cameras

Automotive cameras are now becoming an integral part of parking-assistance solutions, including high-end surround view systems that include four or more cameras per vehicle. Also, the advent of autonomous vehicles and the potential demand for multi-camera expects a boost to the market in the coming years. Cameras are now competitive in terms of application, performance, and price associated with radar or lidar sensors, such as adaptive cruise control and automatic emergency braking. Players within the market are coming up with a new model with an integrated feature. For instance, ZF developed a dual-lens camera for a commercial vehicle with integrated ADAS technologies. Additionally, the recordings of these cameras help the insurance companies to block dishonest statements in the case of accidents. Consumers are looking for different type of camera as they prioritize safety, security, and Inclination of government and insurance companies towards the advancement of technology and installation of vehicle cameras are the key factors anticipated to drive the vehicle camera market.


High Installation Cost

The installation cost of vehicle cameras is considerably high. In addition, latest technologies such as advanced driver assistance systems (ADAS) require cameras for numerous applications such as lane detection systems, blind spot detection, lane departure systems, and others, which are expensive. Moreover, rising prices of vehicles along with the high cost incurred during designing and testing of these cameras may hamper the growth of said market in future. Hence, high cost of the cameras is anticipated to significantly hamper the growth of the vehicle camera market.


Rising technological advancements

The major factor contributing to the growth of the market are the technological advancements in the cameras. Many car manufacturers are taking the technology to the next step. Incorporating computer vision intelligence enables the back-over prevention system to automatically detect objects and warn the driver or even apply the brakes to prevent a collision with a pedestrian or other object. In addition, the use of advanced technologies such as 3D imaging, night vision cameras, and dual lenses cameras, and GPS are expected to provide several growth opportunities for the key players in the vehicle camera market over the upcoming years. Moreover, armored vehicles military ground transport vehicles, such as trucks, tanks, armored personnel carriers that operates in the total darkness are engaged with advanced featured cameras equipped with night vision and GPS tracking. Furthermore, installing an “in-vehicle camera” has become a necessity to monitor activities of drivers and passengers as well. Thus, this feature is expected to have a significant effect on the market in the years to come.


Limitations in real-time image processing

The DSP-based multi-camera system has major difficulty in extracting various views from inputs of multiple cameras and display it in real-time in a short period. The architecture of multi-camera systems is based on integrated digital signal processing (DSP) units. This architecture operates in a particular order set by the programmed algorithm. Also, gathering data from different cameras and translating it into a single image involves significant risk of deteriorating the quality of the rest of the image, thereby creating barriers for real-time streaming of video.

Covid-19 Impact

The COVID-19 pandemic hindered the growth of the market as suspension of vehicle production, and supply disruptions brought the automotive industry to a halt. However, the automotive camera market started gaining momentum owing to the mandates by different countries. Furthermore, the development of new technologies like night vision systems, cruise control systems, etc., and growing e-mobility drive demand in the market.

The passenger vehicle segment is expected to be the largest during the forecast period

The passenger vehicle segment is estimated to have a lucrative growth owing to the rising adoption of ADAS features in the mid and economy segment passenger vehicles. Moreover, passenger vehicle segment is the largest vehicle segment in the global automotive industry and is the most promising market for active safety systems. Governments in developed and developing nations are planning to mandate the ADAS system in passenger cars. For example, the EU has extended the scope of mandating the ADAS system as AEB and LDW systems in passenger cars. These mandates are likely to drive the automotive camera market for passenger cars. The increasing demand for luxury vehicles in developing countries is another driving factor for the growth of the automotive camera market. The US Department of Transportation (US DOT) predicts that the rise of autonomous passenger vehicles would drastically decrease the number of deaths due to road accidents. Autonomous vehicles provide opportunities for the ADAS and camera markets.

The advance driver assistance systems (ADAS) segment is expected to have the highest CAGR during the forecast period

The advance driver assistance systems (ADAS) segment is anticipated to witness the fastest CAGR growth during the forecast period.  Camera-based technology is used to help both the driver and the vehicle react and respond to the world around them. The key to delivering the most reliable camera-based ADAS systems is by using the best cameras available. The better a camera can detect and recognize the environment; the quicker the software can interpret what it sees and then initiate the appropriate response to improve safety. The information captured by ADAS cameras is quickly analyzed by supporting software and used to trigger a response by the vehicle to improve safety – such as automatic emergency braking, lane departure warning, driver awake and alert monitoring, blind spot alerts, etc.

Region with highest share:

North America is projected to hold the largest market share during the forecast period due to the existence of countries such Canada and U.S. In these developed countries many insurance companies have started providing various schemes such as in-car camera incentive program. The safety regulations introduced by the government in this region has encouraged the customers to install these cameras in the vehicles. The high adoption of advanced driver assistance systems in automobiles used for private and commercial purpose proved North America to be the largest region.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to the factors such as the increasing number of accidents in the region along with the increasing awareness for benefits of installation of vehicle cameras such as protection from thieves. Rising population and government policies promoting industrial growth have made the Asia Pacific region a perfect destination for automobile manufacturers to set up their facilities. These factors have helped make Asia Pacific the largest automotive market with increasing sales and production. The implementation of new technologies, the establishment of additional manufacturing plants, and the creation of value-added supply chains between OEMs and component manufacturers have created a platform for future growth in this region.

Key players in the market

Some of the key players profiled in the Vehicle Camera Market include Autoliv Inc, BMW, Continental AG, DCS Systems Ltd, Delphi Automotive LLP, Falcon Electronics LLC, Ficosa International S.A, GoPro Inc, KYOCERA Corporation, Media Data Systems Pte Ltd, Qrontech Co. Ltd, Robert Bosch GmbH, Transcend Information Inc, Valeo Inc, and S.Will Industrial Ltd.

Key Developments:

In March 2020, BMW released the 330e and 330e xDrive plug-in hybrids. Its ADAS incorporates active cruise control with stop and go, which automatically accelerates and slows to maintain the driver’s chosen pace. Active guard, frontal collision warning, city collision mitigation, and lane departure warning are all standard features.

In October 2019, Continental AG developed a left-turn assist for agricultural machinery. The device uses an auditory or optical signal to alert the agricultural machine’s driver about obstructions on the left side of the vehicle. At a distance of up to 250 meters, the system can identify oncoming automobiles. Radar technology allows this to happen. It will be integrated with camera technology in the near future to provide a more effective solution.

In September 2021, Robert Bosch developed an automated valet parking with Hycan Automobile Technology. This technology will be installed in Hycan Z03. When the driver activates the automated valet parking function on the smartphone, the vehicle will automatically drive to the parking lot as commanded and park at the destinated location by accurately identifying the direction while avoiding obstacles.

In October 2021, Continental developed an integrated solution for interior sensor technology, which meets future safety standards and increases vehicle comfort. It offers real-time object monitoring of the entire vehicle interior. The technology meets future safety regulations of the European Commission and the consumer protection organization European New Car Assessment Program.
Prices Covered:
• Affordable (Upto US $100)
• Mid-Range (US $100 to US $200)
• High-End (Above US $200)
Vehicle Types Covered:
• Commercial Vehicle
• Passenger Vehicle
Technologies Covered:
• Accident Sensor
• Built-In Global Positioning System
• Digital
• Infrared
• Night Vision Recording
• Thermal
View Types Covered:
• Single View System
• Multi Camera System
Camera Types Covered:
• Front View
• Rear View
• Interior Cam
Applications Covered:
• Adaptive Cruise Control (ACC)
• Advance Driver Assistance Systems (ADAS)
• Blind Spot Detection (BDS)
• Dashcam
• Driver Monitoring
• Lane Departure Warning (LDW)
• Park Assist System (PAS)
• Pedestrian Detection system (PDS)
• Road Sign Recognition Systems (RSR)
Sales Channels Covered:
• Aftermarket
• Original Equipment Manufacturers (OEMs)
End Users Covered:
• Fire Rescue
• Government and Defence Vehicles
• Healthcare
• Motorcycles
• Private Vehicles
• Sports
• Transportation Vehicles

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances


Table of Contents

1 Executive Summary         
2 Preface          
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis        
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Technology Analysis       
 3.7 Application Analysis       
 3.8 End User Analysis        
 3.9 Emerging Markets        
 3.10 Impact of Covid-19        
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
5 Global Vehicle Camera Market, By Price       
 5.1 Introduction        
 5.2 Affordable (Upto US $100)       
 5.3 Mid-Range (US $100 to US $200)      
 5.4 High-End (Above US $200)       
6 Global Vehicle Camera Market, By Vehicle Type      
 6.1 Introduction        
 6.2 Commercial Vehicle       
  6.2.1 Light Commercial vehicles (LCV)     
  6.2.2 Heavy Commercial vehicle (HCV)     
 6.3 Passenger Vehicle        
7 Global Vehicle Camera Market, By Technology      
 7.1 Introduction        
 7.2 Accident Sensor        
 7.3 Built-In Global Positioning System      
 7.4 Digital         
 7.5 Infrared         
 7.6 Night Vision Recording       
 7.7 Thermal         
8 Global Vehicle Camera Market, By View Type      
 8.1 Introduction        
 8.2 Single View System        
 8.3 Multi Camera System       
9 Global Vehicle Camera Market, By Camera Type      
9.1 Introduction        
 9.2 Front View         
 9.3 Rear View        
 9.4 Interior Cam        
10 Global Vehicle Camera Market, By Application      
 10.1 Introduction        
 10.2 Adaptive Cruise Control (ACC)       
 10.3 Advance Driver Assistance Systems (ADAS)     
 10.4 Blind Spot Detection (BDS)       
 10.5 Dashcam         
 10.6 Driver Monitoring        
 10.7 Lane Departure Warning (LDW)      
 10.8 Park Assist System (PAS)       
 10.9 Pedestrian Detection system (PDS)      
 10.10 Road Sign Recognition Systems (RSR)      
11 Global Vehicle Camera Market, By Sales Channel      
11.1 Introduction        
 11.2 Aftermarket        
 11.3 Original Equipment Manufacturers (OEMs)     
12 Global Vehicle Camera Market, By End User      
 12.1 Introduction        
 12.2 Fire Rescue        
 12.3 Government and Defence Vehicles      
 12.4 Healthcare        
 12.5 Motorcycles        
 12.6 Private Vehicles        
 12.7 Sports         
 12.8 Transportation Vehicles       
13 Global Vehicle Camera Market, By Geography      
 13.1 Introduction        
 13.2 North America        
  13.2.1 US        
  13.2.2 Canada        
  13.2.3 Mexico        
 13.3 Europe         
  13.3.1 Germany        
  13.3.2 UK        
  13.3.3 Italy        
  13.3.4 France        
  13.3.5 Spain        
  13.3.6 Rest of Europe       
 13.4 Asia Pacific        
  13.4.1 Japan        
  13.4.2 China        
  13.4.3 India        
  13.4.4 Australia        
  13.4.5 New Zealand        
  13.4.6 South Korea       
  13.4.7 Rest of Asia Pacific       
 13.5 South America        
  13.5.1 Argentina       
  13.5.2 Brazil        
  13.5.3 Chile        
  13.5.4 Rest of South America      
 13.6 Middle East & Africa       
  13.6.1 Saudi Arabia       
  13.6.2 UAE        
  13.6.3 Qatar        
  13.6.4 South Africa       
  13.6.5 Rest of Middle East & Africa      
14 Key Developments         
 14.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 14.2 Acquisitions & Mergers       
 14.3 New Product Launch       
 14.4 Expansions        
 14.5 Other Key Strategies       
15 Company Profiling         
 15.1 Autoliv Inc        
 15.2 BMW         
 15.3 Continental AG        
 15.4 DCS Systems Ltd        
 15.5 Delphi Automotive LLP       
 15.6 Falcon Electronics LLC       
 15.7 Ficosa International S.A       
 15.8 GoPro Inc         
 15.9 KYOCERA Corporation       
 15.10 Media Data Systems Pte Ltd       
 15.11 Qrontech Co. Ltd        
 15.12 Robert Bosch GmbH        
 15.13 Transcend Information Inc       
 15.14 Valeo Inc         
 15.15 S.Will Industrial Ltd        
List of Tables          
1 Global Vehicle Camera Market Outlook, By Region (2020-2028) ($MN)    
2 Global Vehicle Camera Market Outlook, By Price (2020-2028) ($MN)    
3 Global Vehicle Camera Market Outlook, By Affordable (Upto US $100) (2020-2028) ($MN)  
4 Global Vehicle Camera Market Outlook, By Mid-Range (US $100 to US $200) (2020-2028) ($MN) 
5 Global Vehicle Camera Market Outlook, By High-End (Above US $200) (2020-2028) ($MN)  
6 Global Vehicle Camera Market Outlook, By Vehicle Type (2020-2028) ($MN)   
7 Global Vehicle Camera Market Outlook, By Commercial Vehicle (2020-2028) ($MN)   
8 Global Vehicle Camera Market Outlook, By Light Commercial vehicles (LCV) (2020-2028) ($MN) 
9 Global Vehicle Camera Market Outlook, By Heavy Commercial vehicle (HCV) (2020-2028) ($MN) 
10 Global Vehicle Camera Market Outlook, By Passenger Vehicle (2020-2028) ($MN)   
11 Global Vehicle Camera Market Outlook, By Technology (2020-2028) ($MN)   
12 Global Vehicle Camera Market Outlook, By Accident Sensor (2020-2028) ($MN)   
13 Global Vehicle Camera Market Outlook, By Built-In Global Positioning System (2020-2028) ($MN) 
14 Global Vehicle Camera Market Outlook, By Digital (2020-2028) ($MN)    
15 Global Vehicle Camera Market Outlook, By Infrared (2020-2028) ($MN)    
16 Global Vehicle Camera Market Outlook, By Night Vision Recording (2020-2028) ($MN)  
17 Global Vehicle Camera Market Outlook, By Thermal (2020-2028) ($MN)    
18 Global Vehicle Camera Market Outlook, By View Type (2020-2028) ($MN)   
19 Global Vehicle Camera Market Outlook, By Single View System (2020-2028) ($MN)   
20 Global Vehicle Camera Market Outlook, By Multi Camera System (2020-2028) ($MN)  
21 Global Vehicle Camera Market Outlook, By Camera Type (2020-2028) ($MN)   
22 Global Vehicle Camera Market Outlook, By Front View (2020-2028) ($MN)   
23 Global Vehicle Camera Market Outlook, By Rear View (2020-2028) ($MN)   
24 Global Vehicle Camera Market Outlook, By Interior Cam (2020-2028) ($MN)   
25 Global Vehicle Camera Market Outlook, By Application (2020-2028) ($MN)   
26 Global Vehicle Camera Market Outlook, By Adaptive Cruise Control (ACC) (2020-2028) ($MN)  
27 Global Vehicle Camera Market Outlook, By Advance Driver Assistance Systems (ADAS) (2020-2028) ($MN)
28 Global Vehicle Camera Market Outlook, By Blind Spot Detection (BDS) (2020-2028) ($MN)  
29 Global Vehicle Camera Market Outlook, By Dashcam (2020-2028) ($MN)    
30 Global Vehicle Camera Market Outlook, By Driver Monitoring (2020-2028) ($MN)   
31 Global Vehicle Camera Market Outlook, By Lane Departure Warning (LDW) (2020-2028) ($MN) 
32 Global Vehicle Camera Market Outlook, By Park Assist System (PAS) (2020-2028) ($MN)  
33 Global Vehicle Camera Market Outlook, By Pedestrian Detection system (PDS) (2020-2028) ($MN) 
34 Global Vehicle Camera Market Outlook, By Road Sign Recognition Systems (RSR) (2020-2028) ($MN) 
35 Global Vehicle Camera Market Outlook, By Sales Channel (2020-2028) ($MN)   
36 Global Vehicle Camera Market Outlook, By Aftermarket (2020-2028) ($MN)   
37 Global Vehicle Camera Market Outlook, By Original Equipment Manufacturers (OEMs) (2020-2028) ($MN)
38 Global Vehicle Camera Market Outlook, By End User (2020-2028) ($MN)    
39 Global Vehicle Camera Market Outlook, By Fire Rescue (2020-2028) ($MN)   
40 Global Vehicle Camera Market Outlook, By Government and Defence Vehicles (2020-2028) ($MN) 
41 Global Vehicle Camera Market Outlook, By Healthcare (2020-2028) ($MN)   
42 Global Vehicle Camera Market Outlook, By Motorcycles (2020-2028) ($MN)   
43 Global Vehicle Camera Market Outlook, By Private Vehicles (2020-2028) ($MN)   
44 Global Vehicle Camera Market Outlook, By Sports (2020-2028) ($MN)    
45 Global Vehicle Camera Market Outlook, By Transportation Vehicles (2020-2028) ($MN)  
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.


List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

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