Europe Automotive Camera Market Analysis, Segments, Key Players, Drivers, Trends by Forecast 2023 to 2028
The automotive camera market in Europe is expected to grow
from US$ 2,414.23 million in 2022 to US$ 8,439.24 million by 2028; it is
estimated to grow at a CAGR of 23.2% from 2022 to 2028.
The Europe automotive camera market growth is attributable
to the rising adoption of advanced cameras in vehicles. The automotive cameras
assist the driver in parking, maneuvering, and assessing the vehicle's
performance. The camera systems have played a crucial role in a few recent
applications, including Lane Departure Warning Systems (LWDS), Forward
Collision Warning System (FCWS), and Blind Spot Warning (BSW). In light and
heavy commercial vehicles, the adoption of automotive cameras is growing in
various system solutions, such as rear view camera, surround view camera,
e-mirror, and driver monitoring systems (DMS). The cameras can be embedded with
advanced computer vision algorithms for real machine vision systems for the
advanced driver assistance systems (ADAS). Thus, the increase in applications
of cameras in automotive vehicles and the rise in technological advancements
fuel the adoption of advanced cameras in cars.
📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝
𝐒𝐚𝐦𝐩𝐥𝐞
𝐏𝐃𝐅
𝐂𝐨𝐩𝐲
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The leading players providing automotive cameras are
significantly adopting advanced technologies. For instance, in May 2021,
StradVision, a leading company in AI-based vision processing technology for
autonomous vehicles and automotive ADAS, introduced the latest features of
camera perception software named “SVNet”. It is a deep learning-based
perception software that supports ADAS features, including highway driving
assist and automated valet parking. In addition, the rear view camera provided
by STMicroelectronics for automotive vehicles caters to various applications,
such as state-of-the-art HDR image sensors VG6640 and a versatile image signal
processor (ISP) that offers excellent flicker-free image quality at HD
resolution.
𝐓𝐡𝐞 𝐋𝐢𝐬𝐭
𝐨𝐟
𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬
Aptiv PLC
Autoliv Inc.
Continental AG
FLIR Systems, Inc.
Gentex Corporation
Magna International Inc.
Mobileye
Robert Bosch GmbH
Stonkam Co., Ltd.
Valeo
📚𝐅𝐮𝐥𝐥
𝐑𝐞𝐩𝐨𝐫𝐭
𝐋𝐢𝐧𝐤
@ https://www.businessmarketinsights.com/reports/europe-automotive-camera-market
It also provides its product offerings for Driver Monitoring
System (DMS) applications, through its HDR Europe Shutter sensor (1.6 Mpixel
and 2.3 Mpixel), along with a multichannel voltage regulator and automotive-led
drivers, MEMS sensors, ensuring greater flexibility for high-end computer
vision applications in critical weather conditions and environments. Thus, the
rising adoption of advanced cameras bolsters the automotive camera market
growth
Segments Covered
By Application
- Park
Assist
- ADAS
By Type
- Mono
Camera
- Surround
View Camera
- Rear
View Camera
By Vehicle Type
- Passenger
Cars
- Commercial
Vehicle
By Level of Autonomy
- L1
- L2
- L3
Europe Automotive
Camera Regional Insights
The geographic scope of the Europe Automotive Camera refers
to the specific areas in which a business operates and competes. Understanding
local distinctions, such as diverse consumer preferences (e.g., demand for
specific plug types or battery backup durations), varying economic conditions,
and regulatory environments, is crucial for tailoring strategies to specific
markets. Businesses can expand their reach by identifying underserved areas or
adapting their offerings to meet local demands. A clear market focus allows for
more effective resource allocation, targeted marketing campaigns, and better
positioning against local competitors, ultimately driving growth in those
targeted areas.
Key Players and Competitive Landscape
The European automotive camera market is highly competitive, with a mix of
established global players and emerging innovators. These companies are
investing heavily in research and development to create more efficient,
high-performance camera systems for various applications. Some of the key
players include:
1. STMicroelectronics:
STMicroelectronics is a leading supplier of automotive camera solutions,
offering products like high dynamic range (HDR) image sensors and image signal
processors (ISP). Its camera solutions are widely used in ADAS applications,
including driver monitoring systems and rearview cameras. The company’s
innovative approach to developing versatile camera systems has positioned it as
a key player in the European market.
2. Bosch
Mobility Solutions: Bosch is a major player in the automotive camera
market, providing integrated solutions for ADAS and autonomous driving. The
company’s cameras support various functions, such as parking assistance, lane
keeping, and collision detection. Bosch is heavily investing in AI and sensor
fusion technologies to enhance the capabilities of its camera systems.
3. Valeo:
Valeo is another key player that offers a wide range of automotive camera
solutions. It specializes in surround-view systems, parking cameras, and driver
assistance technologies. Valeo has been focusing on enhancing its camera
systems with advanced features like 360-degree views and improved image
quality, making it a leader in the European automotive camera market.
4. Aptiv:
Aptiv is known for its advanced ADAS solutions, which include a comprehensive
range of automotive cameras for applications such as collision avoidance,
adaptive cruise control, and pedestrian detection. Aptiv’s focus on autonomous
driving and connected vehicle technologies positions it as a leading innovator
in the European automotive camera space.
5. StradVision:
StradVision is an AI-based vision processing technology company that has made a
significant impact on the market. The company’s deep learning-based software,
SVNet, supports various ADAS features such as highway driving assist and
automated valet parking. StradVision’s use of AI to enhance camera perception
and vehicle autonomy is setting new standards for the industry.
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Business Market Insights is a market
research platform that provides subscription service for industry and company
reports. Our research team has extensive professional expertise in domains such
as Electronics & Semiconductor; Aerospace & Defense; Automotive &
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