Automotive Compact Camera Module Market Growth Analysis | 2023-2028

Market Insights

The automotive compact camera module market was estimated at USD XX million in 2022 and is likely to grow at a CAGR of XX% during 2023-2028 to reach USD XX million in 2028.

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What is an automotive compact camera module?

A compact camera module (CCM) comes with image pre-processing, a software package for the operation and control of the module, APIs for the programming, all desired drivers, comprehensive documentation, and sometimes even a support hotline. The use of CCM within the automotive for advanced driving assistance and automotive electronics.

COVID-19 Impact

The COVID-19 outbreak has moderately affected the automotive compact camera module industry. This is mainly due to soaring coronavirus cases, implementation of stringent lockdown measures, and limited movement of people to curb the spread of the virus. Stringent government regulations on people gathering and traveling barriers have largely affected the demand for vehicles, resulting in a decline in production and sales of passenger cars, further impacting the growth.

Key Players

Key players operating in the market are-

• Autoliv Inc. (Sweden),
• Delphi Automotive Plc (Ireland),
• Kyocera Corporation (Japan),
• Robert Bosch GmbH (Germany),
• Valeo (France),
• Ambarella, Inc. (The U.S),
• Continental AG (Germany),
• Ficosa International S.A. (France),
• Qrontech (South Korea),
• Transcend Information, Inc. (Taiwan),
• Mobileye (Israel).

Market Dynamics

Rising growth in automotive electronics is a key driver. Also, the rise in the impact of the new car assessment program and the growing demand for safety measures owing to a surge in the number of road accidents further augment the market growth in the coming years.

Moreover, the automated driving and advanced driver assistance systems (ADAS) systems largely benefit from the digital still camera manufacturers and the expertise developed from the mobile camera modules, thus boosting the industry growth.

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Segments Analysis

By Vehicle Type

Based on vehicle type, the automotive compact camera module market is categorized into compact passenger cars, mid-sized passenger cars, premium passenger cars, luxury passenger cars, light commercial vehicles, and heavy commercial vehicles. The compact passenger cars segment held a significant market share in 2022 and is estimated to register a healthy CAGR during the forecast timeline.

This is mainly attributed to the increasing adoption of compact camera modules, installed in front, rear, and inside of automobiles, to deliver safety to passengers, thereby bolstering the segment growth.

Regional Insights

By region, the market in Europe accounted for a significant share in 2022 and is expected to grow at the highest CAGR in the following years. This is mainly ascribed to the strong presence of product manufacturers in Germany, the UK, France, and Ireland. Also, the region is an automotive hub and is equipped with the manufacturing of compact-sized passenger vehicles, which further proliferates the regional market growth.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The automotive compact camera module market is segmented into the following categories.

By Vehicle Type

• Compact Passenger Cars
• Mid-sized Passenger Cars
• Premium Passenger Cars
• Luxury Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Component Type

• Image Sensor
• Lens
• Camera Module Assembly
• VCM Suppliers (AF and OIS

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Target Audience

Here is the list of the group of customers that the Automotive Compact Camera Module market hopes to have the greatest opportunity to convert-

• Automotive compact camera module vendors
• Automotive compact camera module retailers
• Automotive companies
• Car manufacturing companies

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation, and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by end-use type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].