Europe Automotive Camera Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.72 Billion |
| Market Size (2029) | USD 6.78 Billion |
| CAGR (2024 - 2029) | 20.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Automotive Camera Market Analysis
The Europe Automotive Camera Market size is estimated at USD 2.72 billion in 2024, and is expected to reach USD 6.78 billion by 2029, growing at a CAGR of 20% during the forecast period (2024-2029).
- The COVID-19 pandemic hindered the growth of the market as the suspension of vehicle production and supply disruptions brought the automotive industry to a halt. However, the country witnessed an increase in the production of vehicles in 2022 and was likely to witness major growth in the market during the forecast period. Furthermore, the development of new technologies like night vision systems, cruise control systems, etc., and growing e-mobility drove demand in the market.
- Over the medium term, With the increase in the adoption of automotive cameras, manufacturers are focusing on the optimization of the vehicle sensor architecture to achieve significant adoption in the market.
- Camera technology in the automotive industry in Europe was introduced to monitor drivers' attentiveness and may even act as an enabler for automated driving. There has been an increase in the installation of safety and driver assistance systems in light of the regulatory standards of the Corporate Average Fuel Economy (CAFÉ), the Environmental Protection Agency (EPA), and the New Car Assessment Program (NCAP) Safety Assist Protocol program.
- Growing production of vehicles with integrated advanced driver-assistance system (ADAS) features in the wake of rising awareness toward the comfort and safety of passengers and government regulations mandating safety features are expected to drive demand in the market. Moreover, the rising acceptance of self-driving or automated vehicles further contributes to the enhanced growth of the market.
- Factors such as increasing penetration of safety systems in vehicles and a high degree of competition among vendors for providing value-added services and products that cater to customer needs are likely to contribute to enhanced development in the market.
Europe Automotive Camera Market Trends
Shifting Trends Towards ADAS and Autonomous Vehicle Will Fuel the Growth of Passenger Car Segment
- The factor which is likely to fuel the demand for the automotive camera in Europe is the popularity of ADAS-equipped cars in the region. Leading automotive OEMs and camera manufacturers are spending a huge amount on research and development of cameras to make vehicles safer.
- The integration of modern safety and comfort features in vehicles, such as advanced driver assistance systems, vehicle infotainment, and many others, is increasing significantly in the market. Additionally, increased production of automobiles with integrated advanced driver-assistance system (ADAS) features in response to increased passenger comfort and safety awareness, as well as government legislation mandating safety measures, are expected to drive market demand. Furthermore, the growing acceptance of self-driving or automated vehicles contributes to the market's expansion.
- Rising demand for electric vehicles across the region is likely to create an opportunity for the market in the coming years. Several vehicle manufacturers are introducing new connected vehicle platforms, which are likely to enhance growth during the forecast period.
- For instance, in November 2022, Next.e.GO Mobile SE (e.GO), a producer of urban electric vehicles (EVs), partnered with connected vehicle platform company Sibros to deploy connected mobility solutions into its new vehicles across Germany.
- Furthermore, the high level of competition among original equipment manufacturers (OEMs), government measures promoting the use of safety systems in vehicles, and an increase in population disposable income benefit the automotive park assist system market. To capitalize on the growing demand, OEMs are offering park assist features in their high-end variants.
- For instance, in February 2022, BMW launched the i4, an all-electric four-door sports sedan. The i4 comes with the standard feature of a parking assistant program that employs ultrasonic sensors to help the driver select and use parking spaces that are either parallel or perpendicular to the road.
- Sensing cameras are gradually becoming an integral part of an active safety system in vehicles. The growth can be attributed to the increase in safety concerns of the passengers and strict government initiatives. Sensing cameras also provide a higher level of performance than general-purpose driving cameras by maintaining quality standards as cost-effective solutions. This is likely to witness major growth for the market during the forecast period.
- Sensing cameras provide a higher level of performance than general-purpose driving cameras while also meeting the required automotive quality standards as cost-effective solutions. With the increasing adoption of ADAS features in vehicles, the demand for cameras has been increasing.
Germany is Anticipated to Lead the European Automotive Camera Market
- Germany is one of the leading vehicle manufacturing countries across the globe. The country has the major presence of housing industry giants such as Volkswagen, Daimler-Mercedes, BMW, Porsche, etc. The automotive industry in the country accounts for much of the R&D spending of the country, with a share of over 35%.
- Several presences of automotive tier-1 suppliers, such as Robert Bosch, Continental AG, and others across the country, are likely to witness major growth in the market during the forecast period. Sensing cameras also provide a higher level of performance than general-purpose driving cameras by maintaining quality standards as cost-effective solutions.
- With the increasing adoption of advanced driver-assistance system (ADAS) features in vehicles, the demand for cameras has been increasing significantly. For instance, Continental AG, one of the leaders in automotive camera manufacturing company in Germany, had introduced a ProViu ASL360 camera to assist drivers by stitching multiple images with an all-round 360-degree view, reducing blind spots and displaying pedestrians and other objects in the immediate vicinity.
- Major vehicle manufacturers and automotive technology R&D firms are working on the development of next-age technology, including automotive cameras, for which some of them are collaborating to share the tech and speed up the process. For instance, in May 2022, Mercedes-Benz Group announced the sale of vehicles equipped with conditionally automated driving technology in Germany.
- With the above-mentioned developments across the country, the market is witnessing major growth across the country during the forecast period.
Europe Automotive Camera Industry Overview
The Europe Automotive Camera market is dominated by several key players such as Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, and others. The market is highly driven by factors like advanced technology, growing investment in R&D projects, and a growing market of electric and autonomous vehicles around the region. The automotive camera manufacturers are looking for strategic partnerships with established original equipment manufacturers (OEMs) to achieve a contract to supply the entire camera system to them.
In January 2023, ZF Friedrichshafen AG produced over 50 million cameras for customers. ZF and its partner Mobileye design, develop and deliver camera systems based on Mobileye's EyeQ processors for advanced object recognition technology.
In May 2022, Valeo produced a one hundred millionths automotive nearfield camera, which gives the car its rear and surround vision, at its Tuam site in Ireland. It now plans to produce more than 20 million cameras a year and delivers as many units to OEMs in the next four years as it did in the last 15, meaning another 100 million cameras by 2026.
In October 2021, LG Electronics Inc. announced that its Advanced Driving Assistance System (ADAS) front camera is available in the Mercedes-Benz C-Class.
Europe Automotive Camera Market Leaders
-
Continental AG
-
ZF Friedrichshafen AG
-
Robert Bosch GmbH
-
Valeo SA
-
Ficosa Internacional SA
*Disclaimer: Major Players sorted in no particular order
Europe Automotive Camera Market News
- June 2023: ZF Friedrichshafen AG revealed its next-generation autonomous Level 4 shuttle in the United Kingdom at MOVE 2023 at the ExCeL, London. The shuttles are equipped with automotive-grade sensor technology, including lidar, radar, camera, and audio systems, that provide precise environmental detection.
- January 2023: rFpro developed a new simulation technology that significantly reduces the industry's dependence on real-world testing for the development of autonomous vehicles (AV) and ADAS. The modern High Dynamic Range (HDR) cameras used in the automotive industry capture multiple exposures of varying lengths of time.
Europe Automotive Camera Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Growing Adoption of ADAS Features in Vehicles
4.1.2 Others
4.2 Market Restraints
4.2.1 High Up-Front Cost and Maintenance Cost
4.2.2 Others
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in Value - USD Billion)
5.1 By Camera Type
5.1.1 Viewing Camera
5.1.2 Sensing Camera
5.2 By Application Type
5.2.1 Advanced driver-assistance systems
5.2.2 Parking Assist
5.2.3 Other Application Types
5.3 By Vehicle Type
5.3.1 Passenger Cars
5.3.2 Commercial Vehicles
5.4 By Geography
5.4.1 Germany
5.4.2 United Kingdom
5.4.3 France
5.4.4 Italy
5.4.5 Spain
5.4.6 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Magna International Inc.
6.2.2 Continental AG
6.2.3 ZF Friedrichshafen AG
6.2.4 Hella KGaA Hueck & Co.
6.2.5 Valeo SA
6.2.6 Gentex Corporation
6.2.7 Delphi Automotive PLC
6.2.8 Denso Corporation
6.2.9 Panasonic Corporation
6.2.10 Robert Bosch GmbH
6.2.11 Ficosa Internacional SA
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Automotive Camera Industry Segmentation
An automotive camera is installed on the front side, rear side, or inside a vehicle for safety purposes. Camera modules contain image sensors that are coupled with electronic components in vehicles.
The Europe automotive camera market is segmented into camera type, application type, vehicle type, and country. Based on the camera type, the market is segmented into viewing cameras and sensing cameras. Based on the application type, the market is segmented into ADAS, parking assist, and other applications. Based on the vehicle type, the market is segmented into passenger cars and commercial vehicles. Based on the country, the market is segmented into Germany, the United Kingdom, France, Italy, Spain, and the Rest of Europe.
For each segment, the market sizing and forecast have been done based on the value (USD).
| By Camera Type | |
| Viewing Camera | |
| Sensing Camera |
| By Application Type | |
| Advanced driver-assistance systems | |
| Parking Assist | |
| Other Application Types |
| By Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles |
| By Geography | |
| Germany | |
| United Kingdom | |
| France | |
| Italy | |
| Spain | |
| Rest of Europe |
Europe Automotive Camera Market Research FAQs
How big is the Europe Automotive Camera Market?
The Europe Automotive Camera Market size is expected to reach USD 2.72 billion in 2024 and grow at a CAGR of 20% to reach USD 6.78 billion by 2029.
What is the current Europe Automotive Camera Market size?
In 2024, the Europe Automotive Camera Market size is expected to reach USD 2.72 billion.
Who are the key players in Europe Automotive Camera Market?
Continental AG, ZF Friedrichshafen AG, Robert Bosch GmbH, Valeo SA and Ficosa Internacional SA are the major companies operating in the Europe Automotive Camera Market.
What years does this Europe Automotive Camera Market cover, and what was the market size in 2023?
In 2023, the Europe Automotive Camera Market size was estimated at USD 2.18 billion. The report covers the Europe Automotive Camera Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Automotive Camera Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Automotive Camera Industry Report
Statistics for the 2024 Europe Automotive Camera market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Automotive Camera analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Europe Automotive Camera Market Report Snapshots
