The Global Automotive Camera Market is Expected to Reach an Estimated $17 Billion by 2030
According to a market report by Lucintel, the future of the global automotive camera market looks promising with opportunities in the small car, compact car, large car, suv and crossover, and light commercial vehicle markets. The global automotive camera market is expected to reach an estimated $17 billion by 2030 from $8 billion in 2023 at a CAGR of 11% from 2023 to 2030. The major drivers for this market are regulations, demand for autonomous vehicles, and improved driver awareness.
In this market, rear view camera, front view camera, side view camera, and interior view camera are the major segments of automotive camera market by application.
Lucintel forecasts that light commercial vehicles will remain the largest segment over the forecast period.
Within this market, digital camera will remain the largest segment.
APAC will remain the largest region over the forecast period.
Continental, Gentex Corporation, Robert Bosch, DELPHI Automotive, Panasonic?, Autoliv, and Magna International are the major suppliers in the automotive camera market.
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