Market Size of UK Automotive Camera Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UK Automotive Camera Market Analysis
The United Kingdom Automotive Camera Market is projected to grow with a CAGR of more than 5 % during the forecast period.
- The presence of leading automobile manufacturers as well as the component manufacturers is driving the growth in the region. However, the factors such as Brexit, global slowdown in the automobile industry and the ongoing Covid-19 situation has impactedd the market negatively but these effects are not going to remain forever, these are short term factors and will be overcomed in the near future. Recovery is estimaded from the second half of the year 2021 and after that the markets are expected to witness a high demands.
- With the increase in adoption of driver assist systems like, parking assistance, Advanced Driver Assistance Systems and with the ongoing experiments and trials for self-driving and autonomous vehicles use of cameras in automobiles is growing with a high rate.
- The adaption rate of new technology in the country is very high. There are various big players present in the country, making luxurious vehicles like Rolls Royce, Jaguar, Land Rover and many more. These brands are including latest technologies in their vehicles to attract premium customers. For instance, in February 2019, Jaguar Launched new model XE, with a video based rear view mirror, which uses a rear-facing video camera to display what's going on behind the car via the frameless high-definition display.
UK Automotive Camera Industry Segmentation
The United Kingdom Automotive Camera Market report covers a detailed study on the latest trends and innovations in the market which is Segmented by Type (Drive Camera (Direct View and Around View) and Sensing Camera (Monocular, Stereo and Infrared), by Application (ADAS, Parking and Others) and Vehicle Type( Passenger Cars, Light Commercial Vehicles and Others). Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.
| Type | |
| Drive Camera | |
| Sensing Camera |
| Application | |
| ADAS | |
| Parking | |
| Others |
| Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles |
UK Automotive Camera Market Size Summary
The United Kingdom Automotive Camera Market is experiencing a positive growth trajectory, driven by the presence of leading automobile and component manufacturers in the region. Despite challenges such as Brexit, a global slowdown in the automotive industry, and the lingering effects of the Covid-19 pandemic, these are considered short-term obstacles. The market is expected to recover and witness increased demand, particularly with the rising adoption of driver assistance systems and advancements in self-driving and autonomous vehicle technologies. The high rate of technology adoption in the UK, coupled with the presence of luxury vehicle manufacturers like Rolls Royce, Jaguar, and Land Rover, is propelling the integration of advanced camera systems in vehicles to attract premium customers.
The UK passenger vehicle market remains the second largest in the European Union, offering a diverse range of models with various fuel types. Despite a temporary decline in demand due to socio-political factors and uncertainty over environmental regulations, the market is seeing innovative products aimed at enhancing vehicle safety and attracting consumer interest. The evolution of automotive cameras, integrated with safety systems such as parking assistance and collision alert systems, is a testament to the industry's shift towards autonomous driving. Major players are investing significantly in research and development, leveraging technologies like artificial intelligence and machine learning to gain a competitive edge. The market is fragmented, with key companies like Bosch, Veoneer, and others forming strategic partnerships to expand their market share.
UK 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 Forces 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 Type
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2.1.1 Drive Camera
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2.1.2 Sensing Camera
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2.2 Application
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2.2.1 ADAS
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2.2.2 Parking
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2.2.3 Others
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2.3 Vehicle Type
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2.3.1 Passenger Cars
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2.3.2 Commercial Vehicles
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UK Automotive Camera Market Size FAQs
What is the current UK Automotive Camera Market size?
The UK Automotive Camera Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in UK Automotive Camera Market?
AEI Boston, AISIN Seiki Group, Continental AG, Autoliv Inc. and Voxx Electronics are the major companies operating in the UK Automotive Camera Market.
