Automotive Multi-Camera System Market by Function, Display Type (2D, 3D), Level of Autonomous Driving, Vehicle

Description

List of Tables

[180 Pages Report] The Automotive Multi-Camera System Market size was estimated at USD 2.48 billion in 2023 and expected to reach USD 2.99 billion in 2024, at a CAGR 22.72% to reach USD 10.40 billion by 2030.

An automotive multi-camera system refers to a network of cameras strategically installed around a vehicle to provide a comprehensive, 360-degree view of the vehicle's surroundings. The advanced camera framework includes cameras at the automobile's front, rear, and sides, generating a cohesive panoramic image. The rising demand for vehicle safety features, stringent safety regulations by governments worldwide for vehicle safety, and the increasing consumer preference for luxury vehicles equipped with advanced safety systems have promoted the demand for automotive multi-camera systems. However, the high costs of advanced camera systems can be a barrier to overall adoption, particularly in developing markets. In addition, technical challenges associated with integrating multi-camera systems in vehicles can limit product penetration worldwide. Nevertheless, the surge in research and development activities in autonomous vehicle technology, coupled with advancements in camera resolution and processing capabilities, is expected to create growth opportunities for the automotive multi-camera system market in the coming years.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.48 billion
Estimated Year [2024]	USD 2.99 billion
Forecast Year [2030]	USD 10.40 billion
CAGR (%)	22.72%

Regional Insights

The Americas showcase a robust demand for automotive multi-camera systems due to higher consumer purchasing power and well-established infrastructure favoring advanced vehicular safety features. The regional automotive multi-camera system market is characterized by stringent safety regulations, which encourage the adoption of multi-camera systems in automobiles to enhance visibility and reduce blind spots. Vendors in the Americas actively invest in R&D to improve camera resolution, object detection capabilities, and integration with autonomous driving technologies. Europe's multi-camera system market is rapidly evolving, driven by stringent European Union (EU) automotive safety norms requiring newer vehicles to have a minimum level of ADAS features. European automotive manufacturers emphasize cutting-edge vehicle technologies, pushing for advancements in multi-camera systems that complement autonomous driving needs. In the Middle East, affluent consumers demand luxury vehicles with the latest technology, including multi-camera systems. The Asia Pacific region observes a highly competitive automotive multi-camera system market driven by substantial automotive manufacturing capabilities and a large consumer base increasingly inclined toward safety features. Local innovation in the Asia-Pacific aims to offer affordable and reliable multi-camera systems. The increased interest in passenger car safety and ongoing product advancements in emerging economies of Asia are expected to augment the penetration and usage of automotive multi-camera systems in the forthcoming years.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Multi-Camera System Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rising Demand for Semi-Autonomous and Autonomous Vehicles Coupled with Growing Automobile Industry
- Growing Production of Vehicles and Rising Demand for Lightweight and Luxurious Vehicles
- Demand for Advance Safety and Security Features in the Car

Market Restraints
- Complex Design and High Cost

Market Opportunities
- Attractive Investment Landscape for Automotive Vehicles
- Developments In Near-Range Cameras and Integrated Power Management IC (PMIC)

Market Challenges
- Privacy and Security Concern of Automotive Multi-Camera Systems

Market Segmentation Analysis
- Function: Increasing adoption of automotive multi-camera systems for parking assistance
- Display Type: Advancing availability of 3D automotive multi-camera systems
- Level of Autonomous Driving: Consumer preference for Level 2 and Level 3 multi-camera systems to handle more complex driving tasks
- Vehicle: Penetration of automotive multi-camera systems in passengers vehicles

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Multi-Camera System Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Multi-Camera System Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

e-con Systems Launches HDR Multi-Camera for Autonomous Mobility

e-con Systems, a seasoned OEM camera developer, unveiled their latest innovation - the STURDeCAM31 - a robust 3MP GMSL2 HDR IP69K camera fortified by the Sony ISX031 sensor, optimized for the NVIDIA Jetson AGX Orin platform. This compact, automotive-grade camera is adept at delivering imaging quality under diverse outdoor lighting conditions, due to to its sophisticated sub-pixel HDR technology that achieves an impressive 120 dB HDR with LFM, significantly reducing motion blur and balancing image exposure. [Published On: 2023-10-20]

AMD Powers Hitachi Astemo Next-generation Forward Camera System for Enhanced Vehicle Safety Through Ai Object Detection

Hitachi Astemo, a provider of mobility solutions, embraced AMD's adaptive computing prowess to elevate the functionality of its new dual-lens forward camera, significantly advancing adaptive cruise control and autonomous emergency braking systems. This strategic collaboration positions the Hitachi Astemo camera system, empowered by AMD's leading-edge computing technology and AI-enhanced image-processing algorithms, as an instrumental contributor to next-generation video-based driver-assistance innovations. [Published On: 2023-10-06]

Phantom AI Raises USD 36.5 Million in Series C Funding Round

Silicon Valley-based Phantom AI announced a USD 36.5 million Series C funding round, bolstering their mission to advance driver-assistance technology within the automotive industry. With the investment, the company's goal to democratize ADAS technologies aligns with historical safety advancements like the seatbelt, emphasizing accessibility over the pursuit of full automation pursued by Robotaxi or Autonomous Trucking ventures. [Published On: 2023-02-01]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Multi-Camera System Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Multi-Camera System Market, highlighting leading vendors and their innovative profiles. These include AddSecure Group AB, Aldec Inc., Ambarella, Inc., BorgWarner Inc., Bose Corporation, BPIN Private Limited, Clarion Co., Ltd., Continental AG, DENSO Corporation, Ficosa International S.A., FORVIA Faurecia, Garmin Ltd., Gentex Corporation, Harman International Industries, Inc., Magna International Inc., Metra Electronics Corporation, Mitsubishi Electric Corporation, NXP Semiconductors N.V., OmniVision Technologies Inc., Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics N.V., Teledyne FLIR LLC, Texas Instruments Incorporated, Valeo S.A., and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Automotive Multi-Camera System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Function
- ADAS
- Parking

Display Type
- 2D
- 3D

Level of Autonomous Driving
- Level 1
- Level 2 & 3
- Level 4

Vehicle
- Agricultural Vehicles
- Buses & Coaches
- Forklift, Port Vehicle, & Internal Container Handling Vehicle
- Heavy & Special Duty Truck
- Light Electric Vehicle
- Medium & Heavy Duty Vehicle
- Passenger Cars

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-5263ADD73365

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising Demand for Semi-Autonomous and Autonomous Vehicles Coupled with Growing Automobile Industry
  - 5.1.1.2. Growing Production of Vehicles and Rising Demand for Lightweight and Luxurious Vehicles
  - 5.1.1.3. Demand for Advance Safety and Security Features in the Car
- 5.1.2. Restraints
  - 5.1.2.1. Complex Design and High Cost
- 5.1.3. Opportunities
  - 5.1.3.1. Attractive Investment Landscape for Automotive Vehicles
  - 5.1.3.2. Developments In Near-Range Cameras and Integrated Power Management IC (PMIC)
- 5.1.4. Challenges
  - 5.1.4.1. Privacy and Security Concern of Automotive Multi-Camera Systems
5.2. Market Segmentation Analysis
- 5.2.1. Function: Increasing adoption of automotive multi-camera systems for parking assistance
- 5.2.2. Display Type: Advancing availability of 3D automotive multi-camera systems
- 5.2.3. Level of Autonomous Driving: Consumer preference for Level 2 and Level 3 multi-camera systems to handle more complex driving tasks
- 5.2.4. Vehicle: Penetration of automotive multi-camera systems in passengers vehicles
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Automotive Multi-Camera System Market, by Function

6.1. Introduction
6.2. ADAS
6.3. Parking

7. Automotive Multi-Camera System Market, by Display Type

7.1. Introduction
7.2. 2D
7.3. 3D

8. Automotive Multi-Camera System Market, by Level of Autonomous Driving

8.1. Introduction
8.2. Level 1
8.3. Level 2 & 3
8.4. Level 4

9. Automotive Multi-Camera System Market, by Vehicle

9.1. Introduction
9.2. Agricultural Vehicles
9.3. Buses & Coaches
9.4. Forklift, Port Vehicle, & Internal Container Handling Vehicle
9.5. Heavy & Special Duty Truck
9.6. Light Electric Vehicle
9.7. Medium & Heavy Duty Vehicle
9.8. Passenger Cars

10. Americas Automotive Multi-Camera System Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Automotive Multi-Camera System Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Automotive Multi-Camera System Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. e-con Systems Launches HDR Multi-Camera for Autonomous Mobility
- 13.3.2. AMD Powers Hitachi Astemo Next-generation Forward Camera System for Enhanced Vehicle Safety Through Ai Object Detection
- 13.3.3. Phantom AI Raises USD 36.5 Million in Series C Funding Round

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio