China Automotive Camera Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The passenger car active and passive safety systems market is in its growth stage, consumers are demanding for cars to be equipped with advanced features. China being the largest producer of automobiles, has many automobile companies which has created intense competition. To attract more customers OEMs are providing automobiles with cameras as a basic feature, this has led to introduction of low-cost automobile cameras. OEMs have started to install more advanced active safety systems in an extensive range of passenger vehicle mid-price segments to differentiate their products in the highly competitive Chinese automotive market. This would also help to change the market dynamics of the automotive safety systems in the Chinese industry, where safety would be the most critical issue addressed in the forecast period. Thereby, an increased focus on automotive safety is predicted to help to augment the market for automotive camera significantly.

The growth in the market is also characterized by the increase in the demand for passenger luxury vehicles in the country. The industry is characterized by significant machinery and equipment, which is used for researching, developing, manufacturing, and testing new equipment. The growth of the Chinese automotive camera industry is attributed to foreign investment as China has low labour and production cost. China acts as a major hub for automotive camera manufacturing and supplier for western automakers. Chinese camera market is also well known for their supply to aftermarket stores across the world.

The Chinese automotive camera market is expected to grow at a high rate because China has a huge camera market which is part of China's automotive components industry. It has been one of the pillars for Chinese economy, China has rolled out string of policies to guarantee healthy and sustainable growth of the industry.