USD 292.8 million
Automotive Backup Camera Market Size, Share, Growth Analysis, By Position(Surface Mounted, Flush Mounted), By Vehicle Type(Passenger Vehicles, Commercial Vehicles), By Sales Channel(Original Equipment Manufacturers (OEMs), Aftermarket) - Industry Forecast 2024-2031
Report ID:
SQMIG25A2305 |
Region:
Global |
Published Date: May, 2024
Pages:
223
|
Tables:
88 |
Figures:
71
Automotive Backup Camera Market Insights
Global Automotive Backup Camera Market size was valued at USD 292.8 million in 2022 and is poised to grow from USD 305.9 million in 2023 to USD 435.13 million by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).
Backup cameras are used in vehicles to get a clear view of the rear while reversing the vehicle to avoid mishaps and accidents. Increasing emphasis on security and safety in the automotive industry is projected to primarily bolster sales of automotive backup cameras over the coming years. Increasing incidence of reversing mishaps are also boosting the demand for automotive backup cameras around the world. Growing availability of affordable aftermarket automotive backup cameras is also a key factor promoting market growth on a global level. Imposition of stringent government regulations to improve vehicle safety are also pushing automotive manufacturers to install automotive backup cameras in their vehicles. However, high costs of integration and concerns regarding reliability are estimated to hamper automotive backup camera market development in the future.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
Passenger Vehicles
Fastest Growth
Commercial Vehicles
Growth Rate
4.5% CAGR
Global Automotive Backup Camera Market ($ Bn)
Country Share for North America Region (%)
Global Automotive Backup Camera Market By Vehicle Type ($ Bn)
Global Automotive Backup Camera Market By Vehicle Type (%)
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Automotive Backup Camera Market Segmental Analysis
The global automotive backup camera market is segmented based on vehicle type, position, sales channel, and region. Based on vehicle type, the market is segmented into commercial vehicles and passenger vehicles. In terms of sales channel, the market is segmented into original equipment manufacturers (OEMs) and aftermarket. In terms of position, the market is segmented into surface mounted, flush mounted, and license mounted. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Position
Surface mounted automotive backup cameras are projected to account for a major share of the global automotive backup camera market. Most aftermarket automotive backup cameras are usually surface mounted and growing retrofitting of old vehicles with aftermarket parts is projected to help this segment maintain its dominance. However, the segment is projected to lose some market share as automotive companies move towards the adoption of flush mounted backup cameras.
Meanwhile, the demand for flush mounted automotive backup cameras is projected to surge at a rapid pace over the coming years. Growing emphasis on improving the aesthetic appearance of vehicles and increasing adoption of flush mounted backup cameras by vehicle makers are slated to boost market growth via this segment.
Analysis by Vehicle Type
Passenger vehicles are estimated to account for a substantial share of the global automotive backup camera market. Evolving consumer preferences and imposition of stringent vehicle safety regulations mandating the installation of backup cameras in passenger vehicles allows this segment to hold a high market share. Growing sales of luxury passenger vehicles also contributes to rapidly rising automotive backup camera demand outlook.
On the other hand, the demand for automotive backup camera for commercial vehicles is expected to surge at a robust pace across the forecast period. Growing emphasis on improving safety in commercial vehicles is primarily promoting automotive backup camera sales in this segment. Development and launch of commercial vehicles with restricted rear view is also slated to promote the adoption of automotive backup camera in this segment going forward.
Global Automotive Backup Camera Market By Vehicle Type, 2022 (%)
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Automotive Backup Camera Market Regional Insights
North America is estimated to hold a major chunk of the global automotive backup camera market. Growing number of connected vehicles and driverless automated vehicles in this region are contributing to the surging demand for automotive backup cameras. Growing incorporation of autonomous features such as parking assist and self-parking features in vehicles of this region is also slated to benefit sales of automotive backup cameras. The United States is projected to spearhead market growth in this region followed by Canada.
The Asia Pacific region is estimated to emerge as the fastest-expanding market in the world for automotive backup camera providers over the coming years. The presence of key automotive manufacturers, evolving consumer preferences, and imposition of stringent norms mandating the use of backup cameras in vehicles are key factors that govern this regional market. China and India are estimated to be the leading markets for automotive backup camera manufacturers as well as suppliers in this region. Japan and South Korea are also slated to witness high demand for automotive backup cameras in this region.
Global Automotive Backup Camera Market By Region, (2024-2031)
- Largest
- Fastest
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Automotive Backup Camera Market Dynamics
Drivers
Stringent Regulations Necessitating Backup Camera Use
- Regulatory authorities and governments are implementing new vehicle safety mandates around the world to reduce mortality rates of vehicle accidents. This is pushing automotive companies to opt for automotive backup cameras in their offerings.
Rising Use of Driver Assistance Systems
- High awareness regarding vehicle safety has bolstered the demand and popularity of driver assistance systems. These systems utilize sensors and cameras to assist the driver and bolster vehicle security, thereby driving automotive backup camera market growth.
Restraints
High Costs of Integration
- Automotive backup cameras are expensive to integrate into vehicles in terms of new installation as well as retrofitting. High costs of advanced cameras and the need for rewiring and major changes to retrofit a vehicle with backup camera are projected to hamper market development in the future.
Reliability Concerns
- Despite being proven to improve rear visibility, automotive backup cameras have been debated to be unreliable in bad weather conditions which could distort or misrepresent images and lead to mishaps. These concerns regarding relaibility could slow down automotive backup camera sales going forward.
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Automotive Backup Camera Market Competitive Landscape
Automotive backup camera providers should focus on integrating their offerings with driver assitance systems to improve their efficacy and reliability. Automotive backup camera companies can also invest in R&D to develop a solution for clear visibility in bad weather conditions. Automotive backup camera market players can also collaborate with automotive manufacturers to develop custom products and boost their sales potential in the long run.
Top Player’s Company Profiles
- OmniVision Technologies Inc.
- Magna International Inc.
- Fabtec
- EchoMaster
- Denso Corporation
- Delphi Automotive Company
- Pyle Audio
- Magna International
- CONTINENTAL AG.
- Yada (Subsidiary of Winplus North America Inc.
- ROBERT BOSCH GmbH
- Astral
- Valeo SA
- STONKAM Co. Ltd.
- Garmin Ltd.
Recent Developments
- In January 2024, Tesla, a leading electric car manufacturer based in the United States, announced the launch of new software updates for backup cameras in its vehicles. These updates were intended to help vehicle owners with backup camera issues.
- In August 2023, Continental, a leading automotive component provider, announced the launch of a new line of camera systems for commercial vehicles to improve driver safety and improved driver vision. These systems are available for rear, side, and front cameras.
- The Fesco Group in collaboration with Car and Driver introduced a new wireless plug-and-play dashboard-mounted IPS touchscreen smart display in September 2021. The offering comes with an add-on backup camera that is engaged when the vehicle is put in reverse.
Automotive Backup Camera Key Market Trends
- Surround View Cameras: Automotive backup camera makers can invest in the research and development surround view cameras that provide a 360-degree view of the vehicle. Many automotive companies have started integrating such cameras in their vehicles and this type of cameras are projected to be highly sought-after in the future.
Automotive Backup Camera Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, growing emphasis on driver safety and imposition of stringent norms mandating the use of backup cameras in vehicles are key prospects that drive the sales of automotive backup cameras. On the contrary, high costs of retrofitting and product recalls are projected to slow down automotive backup camera market growth in the long run. The Asia Pacific region is forecasted to emerge as the fastest-expanding market for automotive backup cameras in the world owing to surging sales of vehicles in this region led by China and India. Development of surround view cameras and 360-degree cameras should offer attractive opportunities for automotive backup camera manufacturers going forward.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 292.8 million |
| Market size value in 2031 | USD 435.13 million |
| Growth Rate | 4.5% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Backup Camera Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Backup Camera Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Backup Camera Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Backup Camera Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Backup Camera Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Backup Camera Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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