Market Size of South Africa Automotive Camera Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 15.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South Africa Automotive Camera Market Analysis
The South Africa automotive camera market is expected to register a CAGR of 15.83%, during the forecast period, 2020-2025.
- Increase in demand for automobiles, increasing concern for safety among customers, mandatory government norms, advanced innovations, rapid adoption of ADAS and availability of low-cost parking cameras and sensors in aftermarket are some of the major drivers of growth of Automotive Camera market.
- However, high cost of the module has been slightly hindering the market growth. ADAS like Adaptive cruise control (ACC), Forward Collision Warning System (FCWS) and Automatic Emergency Braking (AEB) requires 3 to 6 cameras to be installed on the vehicle. These cameras in an automotive cost almost 8 times the module in a mobile phone camera, making it a challenge for entry into the market.
- Thermal camera and multi camera systems are expected to exhibit the highest growth rate in sensing camera and application segments during the forecast period.
- Latest advancements in the camera technology such as 360 degrees camera that stitch the images from multiple cameras and display a consolidated image on split screen and mass production of these units are expected to bring down the price drastically, creating a scope of venture in the sector.
South Africa Automotive Camera Industry Segmentation
The South Africa automotive camera market covers the latest trends and technological development in the automotive camera market, demand of the vehicle type, camera type, application type, and market share of major automotive camera producing companies across the region.
| Vehicle Type | |
| Passenger Vehicle | |
| Commercial Vehicle |
| By Type | |
| Viewing Camera | |
| Sensing Camera |
| By Application | |
| Advanced Driver Assistance Systems | |
| Parking |
South Africa Automotive Camera Market Size Summary
The South Africa automotive camera market is experiencing significant growth, driven by factors such as the increasing demand for automobiles, heightened safety concerns among consumers, and stringent government regulations. The rapid adoption of Advanced Driver Assistance Systems (ADAS) and the availability of cost-effective parking cameras and sensors in the aftermarket are also contributing to this growth. Despite the high cost of automotive camera modules posing a challenge, advancements in camera technology, such as thermal cameras and multi-camera systems, are expected to drive further expansion. These technologies are becoming integral to active safety systems in vehicles, offering superior performance and cost-effective solutions that meet automotive quality standards.
The market is characterized by a high degree of fragmentation, with numerous regional players and significant contributions from major companies like Garmin Ltd, Panasonic Corporation, Continental AG, Autoliv Inc., and Magna International. These companies are engaging in strategic collaborations to enhance their market presence and profitability. The increasing disposable income of consumers and the introduction of ADAS features in a broader range of vehicles are further propelling market growth. The presence of many equipment manufacturers in the region, who are achieving economies of scale, is also facilitating the production of automotive cameras at lower costs, thereby expanding market opportunities.
South Africa Automotive Camera Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Vehicle Type
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2.1.1 Passenger Vehicle
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2.1.2 Commercial Vehicle
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2.2 By Type
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2.2.1 Viewing Camera
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2.2.2 Sensing Camera
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2.3 By Application
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2.3.1 Advanced Driver Assistance Systems
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2.3.2 Parking
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South Africa Automotive Camera Market Size FAQs
What is the current South Africa Automotive Camera Market size?
The South Africa Automotive Camera Market is projected to register a CAGR of 15% during the forecast period (2024-2029)
Who are the key players in South Africa Automotive Camera Market?
Garmin Ltd, Continental AG, Panasonic Corporation , Magna International Inc and Bosch Mobility Solutions are the major companies operating in the South Africa Automotive Camera Market.
