India Automotive Camera Market Share Analysis 2029

Summary

Report Description

India automotive camera market is anticipated to grow significantly with rise in shift towards technology and various initiatives towards reducing road deaths. Nowadays, many automotive manufacturers are focusing on integrating autonomous features in vehicles to improve safety and luxury. According to the World Health Organization (WHO), more than 1.3 million people die on roads each year, and up to 50 million people suffer non-fatal injuries, some of which result in lifelong disabilities. Even though, they collectively produce 60% of the world's vehicles, underdeveloped and developing countries account for 93% of all traffic fatalities. Road traffic injuries cause significant economic losses for victims, their families, and the country. The number of driving assistance features in cars that will help to reduce traffic accidents and promote safe driving is growing. The implementation of these semi-autonomous features opens up a plethora of possibilities for the automotive camera market.

Rising demand for automobiles and growing awareness towards safety concerns among people, strict government norms, low price parking sensors & cameras and increase in adoption of ADAS are resulting in the growth of automotive camera market in India.

In India the passenger vehicle sales had declined in the year 2020 due to the COVID-19 pandemic, however the market showed a good recovery in the year 2021. Earlier parking assist systems were featured in the luxury and premium segment cars but nowadays many OEMs are now introducing parking assist system features in mid and small segment cars such as Hyundai Grand i10 and Maruti Ignis etc. to target the mid-market.

The advanced driver assistance system, or ADAS as it is more commonly known, is one of the smart technologies that automakers are implementing to provide safer and future-ready vehicles. ADAS is available for taxi and cab fleets, commercial truck platooning and commercial fleets, delivery vehicles, and passenger vehicle fleets as well. An electronic system called ADAS uses cutting-edge technology to help drivers with things like lane departure warning, traffic sign detection, parking assistance, and pedestrian detection. A detailed 3D representation of the environment is created using a combination of the automotive camera used in ADAS, image processing algorithms, and high-performance computing. The cameras used in automobiles capture sounds and sights while the vehicle is being driven. The footage the cameras produce can be used to show what occurs on the road or inside the vehicle. Most car cameras are mounted on the windscreen rather than the dashboard; previously, forward-facing cameras were the norm, but these days some dual-lens (front and back) cameras are also becoming more and more common.

As soon as the car starts, these cameras get switch on automatically and begin recording as the car engine start. Certain cameras are efficient of recording in high definition and deliver great quality videos. These cameras can record constantly until their limited flash storage is full, these recording can be deleted and recorded again which is very helpful for the driver as one can see in case of accident and identify the culprit.

Initiatives related to safety of vehicles and driver assistance

In India, ADAS innovations have become more prevalent, including camera-based systems. By offering features like lane departure warning, collision avoidance, and adaptive cruise control, these systems which are fitted with automobile cameras improve driver safety. The need for ADAS, which is boosting the growth of the automotive camera market, is being driven by rising awareness of traffic safety and a desire for cutting-edge technologies in cars. For the purpose of improving road safety, the Indian government has put in place a number of laws and standards. The Bharat New Vehicle Safety Assessment Programme (BNVSAP), for instance, requires the installation of specific safety equipment, such as rearview cameras, in all new passenger vehicles. Also, Rapid technological advancements in automotive cameras are allowing for greater resolutions, wider viewing angles, and improved functionality. Better object detection, pedestrian recognition, and traffic sign recognition are made possible by the incorporation of artificial intelligence (AI) and machine learning (ML) algorithms with automobile cameras. The need for car cameras in India is being fueled by technology developments that not only improve safety but also provide a more engaging driving experience.

Advancement in Technology

Adaptive cruise control, lane departure warning systems, traffic sign recognition, night vision, pedestrian detection, and other features are supported by autonomous vehicles. Innovations and technological advancements have become essential components of the new technology-driven world. It offers more features, greater efficiency, and brings the development of fully autonomous driving one step closer. All of these benefits encourage people to install ADAS in their cars, which has a positive impact on the expansion of the automotive camera market.

Partnership among the companies for the new technologies

The demand for autonomous driving technology keeps rising as more businesses invest in their R&D departments, which quickens the pace at which advancements in luxury, safety, and transportation technology are made. There are numerous new strategic alliances forming between automakers and tech companies, including those with Apple and BMW AG and Daimler AG, Microsoft Corporation and Aktiebolaget Volvo, Google LLC and Fiat Chrysler, Uber Technologies, Inc. and Carnegie Mellon University, as well as Lyft and General Motors, that will pave the way for more advanced driving and increased vehicle safety. The companies involved in this partnership will work on an advanced driver assistance systems where cameras will be essential for the driver's safety.

Hefty Cost of Camera Systems

The interior display system is connected to the multi-camera system, which consists of multiple cameras for front, rear, and side views. As a result, the entire system combines electronics systems with complex networks and amplified wiring. The installation of such systems necessitates the installation of additional components, raising the cost of vehicles. Vehicle manufacturers have a tendency to offer sophisticated and useful safety features at a low cost, which in turn prevents many OEMs worldwide from including technologically sophisticated safety features in their vehicles.

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Market Segmentation

India automotive camera market is segmented based on camera type into monocular camera and stereo camera. Based on vehicle type the market is segmented into passenger cars, LCV, M&HCV. Based on camera class the market is divided into entry level, medium and premium. Based on application into rear view assist and ADAS. Based on technology the market is divided into digital camera and thermal. The India automotive camera market based on camera type, is majorly dominated by monocular camera. The medium class cameras majorly installed in vehicles lead the camera class segment followed by entry level which has low resolution, cheaper and easy to manufacture. The market by vehicle type is primarily dominated by passenger cars.

Company Profiles

The presence of multiple regional players has led to a highly fragmented market for automotive cameras in India. However, some of the top competitors, including Magna International Inc., Autoliv Inc., Robert Bosch GmbH, Continental AG, Aptiv Plc (DELPHI AUTOMOTIVE PLC), Denso Corporation, Aei Inc., Gentex Corporation, Omni Vision Technologies Inc., Valeo SA and ZF Friedrichshafen etc., have seized sizeable market shares. These businesses are focusing on strategic joint ventures to increase their market shares and profitability. For instance, in January 2018, Garmin introduced Garmin Speak Plus, a version of its ground-breaking Garmin Speak that includes a built-in dash camera and was made possible by Amazon Alexa.

Attribute	Details
Base Year	2023
Historical Years	2019 – 2022
Estimated Year	2024
Forecast Period	2025 – 2029
Quantitative Units	Revenue in USD Million and CAGR for 2019-2023 and 2024-2029
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	Camera Type Vehicle Type Camera Class Application Technology Region
Regional Scope	North, South, East, West
Key Companies Profiled	Magna International Inc., Autoliv Inc., Robert Bosch GmbH, Continental AG, Aptiv Plc (DELPHI AUTOMOTIVE PLC), Denso Corporation, Aei Inc., Gentex Corporation, Omni Vision Technologies Inc., Valeo SA and ZF Friedrichshafen etc.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, India automotive camera market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

India Automotive Camera Market, By Camera Type:

Monocular Camera
Stereo Camera

India Automotive Camera Market, By Vehicle Type:

Passenger Cars (PC)
Light Commercial Vehicles (LCV)
Medium & Heavy Commercial Vehicles (M&HCV)

India Automotive Camera Market, By Camera Class:

Medium Level
Entry Level
Premium Level

India Automotive Camera Market, By Application:

ADAS
Rear View Assist

India Automotive Camera Market, By Technology:

Digital Camera
Thermal Cameras

India Automotive Camera Market, By Region:

North
South
East
West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India automotive camera market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

India Automotive Camera Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Market Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on India Automotive Camera Market

5. Voice of Customer Analysis

5.1. Factors Influencing Purchase Decision

5.2. Brand Awareness

5.3. Brand Satisfaction Level

6. India Automotive Camera Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Camera Type Market Share Analysis (Monocular Camera, Stereo Camera)

6.2.2. By Vehicle Type Market Share Analysis (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles)

6.2.3. By Camera Class Market Share Analysis (Medium, Entry Level, Premium)

6.2.4. By Application Market Share Analysis (ADAS, Rear View Assist)

6.2.5. By Technology Market Share Analysis (Digital Camera, Thermal)

6.2.6. By Regional Market Share Analysis

6.2.6.1. North Market Share Analysis

6.2.6.2. South Market Share Analysis

6.2.6.3. East Market Share Analysis

6.2.6.4. West Market Share Analysis

6.2.7. By Company Market Share Analysis (Top 5 Companies, Others – By Value, 2023)

6.3. India Automotive Camera Market Mapping Opportunity Assessment

6.3.1. By Camera Type Market Mapping & Opportunity Assessment

6.3.2. By Vehicle Type Market Mapping & Opportunity Assessment

6.3.3. By Camera Class Market Mapping & Opportunity Assessment

6.3.4. By Application Market Mapping & Opportunity Assessment

6.3.5. By Technology Market Mapping & Opportunity Assessment

6.3.6. By Regional Market Mapping & Opportunity Assessment

7. India Passenger Cars Camera Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Camera Type

7.2.2. By Camera Class

7.2.3. By Application

7.2.4. By Technology

8. India Light Commercial Vehicles Camera Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Camera Type

8.2.2. By Camera Class

8.2.3. By Application

8.2.4. By Technology

9. India Medium & Heavy Commercial Vehicles Camera Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Camera Type

9.2.2. By Camera Class

9.2.3. By Application

9.2.4. By Technology

10. Porter’s Five Forces Analysis

10.1. Bargaining Powers of Suppliers

10.2. Bargaining Powers of Buyers

10.3. Threat of Substitutes

10.4. Threat of New Entrants

10.5. Competitive Rivalry

11. SWOT Analysis

11.1. Strength

11.2. Weakness

11.3. Opportunities

11.4. Threats

12. Market Dynamics

12.1.Market Drivers

12.2.Market Challenges

13. Market Trends and Developments

14. Policy & Regulatory Landscape

15. India Economic Profile

16. Competitive Landscape

16.1.Company Profiles (Up To 10 Leading Companies)

16.1.1. Magna International Inc.

16.1.1.1. Company Details

16.1.1.2. Key Products Offered

16.1.1.3. Recent Developments

16.1.1.4. Key Management Personnel

16.1.2. Autoliv Inc.

16.1.2.1. Company Details

16.1.2.2. Key Products Offered

16.1.2.3. Recent Developments

16.1.2.4. Key Management Personnel

16.1.3. Robert Bosch GmbH

16.1.3.1. Company Details

16.1.3.2. Key Products Offered

16.1.3.3. Recent Developments

16.1.3.4. Key Management Personnel

16.1.4. Continental AG

16.1.4.1. Company Details

16.1.4.2. Key Products Offered

16.1.4.3. Recent Developments

16.1.4.4. Key Management Personnel

16.1.5. Aptiv Plc (DELPHI AUTOMOTIVE PLC)

16.1.5.1. Company Details

16.1.5.2. Key Products Offered

16.1.5.3. Recent Developments

16.1.5.4. Key Management Personnel

16.1.6. Denso Corporation (Japan), Aei Inc.

16.1.6.1. Company Details

16.1.6.2. Key Products Offered

16.1.6.3. Recent Developments

16.1.6.4. Key Management Personnel

16.1.7. Gentex Corporation

16.1.7.1. Company Details

16.1.7.2. Key Products Offered

16.1.7.3. Recent Developments

16.1.7.4. Key Management Personnel

16.1.8. Omni Vision Technologies Inc.

16.1.8.1. Company Details

16.1.8.2. Key Products Offered

16.1.8.3. Recent Developments

16.1.8.4. Key Management Personnel

16.1.9. Valeo SA

16.1.9.1. Company Details

16.1.9.2. Key Products Offered

16.1.9.3. Recent Developments

16.1.9.4. Key Management Personnel

16.1.10. ZF Friedrichshafen

16.1.10.1. Company Details

16.1.10.2. Key Products Offered

16.1.10.3. Recent Developments

16.1.10.4. Key Management Personnel

17. Strategic Recommendations

About Us & Disclaimer

Figures and Tables

Frequently asked questions

Which automotive camera type is majorly used in vehicles?

The Monocular camera module’s main function is monitoring in automotive ADAS system. Compared to stereo camera module these are cost effective, easy to install and calibrate. Due to its affordability and functionality, it is majorly used in vehicles.

Which vehicle type is leading the automotive camera market in India?

In terms of Vehicle type segment, the market is segmented into Passenger cars, Light commercial vehicles and Medium & Heavy Commercial Vehicles. Among which, the passenger car vehicle type market has dominated the India Automotive Camera Market with the majority of market share in 2023.

Which region is leading in the India automotive camera market in 2023?

Based on Region, the market is segmented into North, West, South and East. The market is dominated by the North region with the majority of market share, followed by west region due to the growing demand for autonomous driving and dominance of passenger cars in the North Region.

Which are the top players operating in the automotive camera market in India?

Magna International Inc., Autoliv Inc., Robert Bosch GmbH, Continental AG, Aptiv Plc (DELPHI AUTOMOTIVE PLC), Denso Corporation, Aei Inc., Gentex Corporation, Omni Vision Technologies Inc., Valeo SA and ZF Friedrichshafen etc.

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Srishti Verma

Business Consultant

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Press Release

Growing Safety Awareness to Fuel India Automotive Camera Market till 2024

Feb, 2019

Increasing road safety concerns and need for better visibility in poor lighting coupled with stringent government regulations to drive India automotive camera market through 2024 According to Tec

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