Global Automotive Multi-camera System Market Assessment, By Vehicle Type [Passenger Cars, Heavy Commercial Vehicles, Light Commercial Vehicles], By View Type [2D View Type, 3D View Type], By Application [Night Vision Recording, Parking Assist System, Blind Spot Detection, Lane Departure System, Other ADAS Systems], By Region, Opportunities and Forecast, 2017-2031F

Automotive Multi-Camera System Market is projected to witness a CAGR of 15.12% during the forecast period 2024-2031, growing from USD 2.14 billion in 2023 to USD 6.6 billion in 2031.

Automotive Multi-Camera System Market Size & Growth, Forecast 2031

Global automotive multi-camera system market is projected to witness a&nbsp;CAGR of 15.12%&nbsp;during the forecast period 2024-2031, growing from&nbsp;USD 2.14 billion&nbsp;in 2023 to&nbsp;USD 6.6 billion&nbsp;in 2031. The rising adoption of advanced driver assistance systems in automobiles, increased demand for premium automobiles, the growing trend of effective safety features in vehicles, and the adoption of autonomous and semi-autonomous vehicles are projected to drive the growth of the automotive multi-camera system market.
The 360-degree vision of the vehicle&rsquo;s surroundings sets new standards and offers different efficient benefits to the driver. The real-time tracking, automatic, and 3D surrounded view of vehicles drive the demand for automotive multi-camera systems. In addition, the demand for automotive multi-camera systems has increased in autonomous vehicles because these systems are helpful in automated parking and parking assist functions safer and easier. Brands such as Bosch have constantly worked on improving multi-camera system performance. The Bosch multi-camera system comprises 4 close-range cameras coupled with ECU, which combines the images to result in a 360-degree view. The transformation in multi-camera systems concerning images in real-time, homogenous pictures, and 3D wireframe effectiveness is probably driving the demand for automotive multi-camera systems.
Moreover, the rising trend of electric vehicle adoption and autonomous driving surges the growth of the automotive multi-camera system market globally. Electric vehicles with effective sustainability and energy efficiency features often incorporate ADAS that depend on multi-camera systems for operations, including adaptive cruise control and lane-keeping assistance. Integrating features such as multiple viewing angles, object tracking, monitoring, and superior coverage is helping prevailing warehouse fleets retrofit their prevailing vehicles.
For instance, in April 2023, Robert Bosch GmbH announced a multi-camera system for forklifts as a retrofit solution to help in the transportation of goods speedily and support effective logistics. Multi-camera systems for forklifts present a 360-degree view of the vehicle and demonstrate it on a cockpit monitor.
<a href="https://www.marketsandata.com/industry-reports/automotive-multi-camera-system-market/sample-request">Download Free Sample Report</a>
<h2 style="text-align: justify;">Increased Emphasis on Road Safety Presents a Significant Market Growth</h2>
In the automotive industry, road safety is one of the major concerns, and multi-camera systems are playing an important role in enhancing vehicle road safety. These systems are effective in delivering remote driving assistance, 360-degree surround view of an automobile, precise mapping, and personalized assistance to the driver. Thereby, the manufacturers of automobiles are significantly emphasizing safety features, and integrating these systems to lessen the risk of accidents. These systems are their effective safety strategy because there are different safety regulations concerning automobiles and consumer demand for automobiles which prevents accidents. These are the few factors propelling the demand for automotive multi-camera systems globally.
The rising adoption of ADAS features in vehicles has fostered global multi-camera system market growth. In automated vehicles, the installation of ADAS is high as it utilizes different cameras to watch vehicles' surroundings and recognize potential threats. As consumers significantly prioritize convenience and safety, companies are incorporating advanced sensors, including LiDAR and radar to create an all-inclusive view of vehicle safety. Also, autonomous driving is safe with multi-camera systems because these systems are often integrated with the above-mentioned sensors. For instance, in January 2023, Continental announced a collaboration with Ambarella, Inc., to integrate the energy-efficient SoC (System-on-Chip) family of Amberalla into its ADAS. Both companies prioritize scalable full-stack systems designed for Level 2+ up to highly automated vehicles. These all-inclusive solutions include a multi-sensor strategy, incorporating Continental&rsquo;s high-resolution cameras, lidars, and radars, coupled with the requisite control units and software.
<h2 style="text-align: justify;">Integration of ML, AI, and Advanced Sensor Technology in Vehicles</h2>
In the automotive industry, the integration of AI, ML, and advanced sensors in vehicles is a progressive trend because these systems are allowing cameras to identify threats and interpret their surroundings, recognize traffic signs, enabling features including object tracking and pedestrian detection. In addition, these sensors and applications provide real-time monitoring that lessens the risk of accidents and becomes stricter safety tools. With the integration of AI and sensors, the driver can enhance confidence on the road because the driver gets a bird&rsquo;s eye view display, parking assistance, and blind spot monitoring.
The automotive multi-camera system with the integration of AI, ML, and sensors can enhance situational awareness, improve visibility, provide visual warnings, and simplify parking and maneuvering. The market players are investing in different research and development activities for introducing different features, products, and enabling new functions to offer a better driving experience and higher image resolution.
For instance, in January 2023, ZF announced the introduction of Smart Camera 6 for improved highway and urban automated driving and ADAS systems. This system provides 4x higher image resolution, enhanced vehicle performance, high-level functional safety standards, and greater processing power to allow innovative functions.
<h2 style="text-align: justify;">Government Road Safety Policies and Increased Automated &amp; EV Adoption to Drive Market Growth</h2>
As discussed, automated vehicles and vehicles with ADAS systems are in high demand for automotive multi-camera systems. The global shift towards hybrid, automated, and electric vehicles drive the global demand for automotive multi-camera systems. Governments and regulatory bodies across the globe are imposing stringent safety standards and regulations on automated and electric vehicles to decrease the number of road accidents, lessen fatalities, and enhanced overall road safety. Manufacturers in the automotive industry are actively adopting and launching advanced safety sensors, and technologies such as multi-camera systems, radar, and others to fulfill these standards and regulations.
For instance, in July 2023, Mobileye announced the launch of the First Camera-only Intelligent Speed Assist solution for manufacturers in the automotive industry to help global automotive manufacturers address new EU General Safety Regulation standards, the technology allows automatic speed limit sensing in all new vehicle models. It eliminates dependence on third-party maps and GPS data.
<h2 style="text-align: justify;">Passenger Cars Dominate the Largest Market Share</h2>
Consumers of passenger cars are significantly adopting effective safety systems, ADAS systems, and multi-camera systems to get 360-degree views, parking assistance, and others. Due to increased per capita income, and growing road safety standards, the demand for passenger cars is rising with the integration of multi-camera systems. In addition, in the developing countries of Asia-Pacific, the demand for passenger cars is growing due to economic development. Developing and developed nations&rsquo; governments are gearing up to enforce ADAS in passenger cars, propelled by supportive legislation, enhanced road safety standards, and increased consumer awareness. For instance, the EU has expanded its mandate to include ADAS features, including Intelligent Speed Assistance, AEB, LDW systems, and Reversing Detection System in vehicles. Also, manufacturers of passenger cars are significantly developing and advancing the functions of vehicles to meet safety standards.
For instance, in December 2023, Bosch brought infotainment and driver assistance operations into one chip. By 2030, Bosch will project a market volume of USD 34.6 billion for vehicle computers for driver assistance and infotainment.
<h2 style="text-align: justify;">Asia-Pacific Registers Global Automotive Multi-Camera System Market</h2>
Asia-Pacific is expected to dominate the largest market revenue share in the market due to the existence of advanced technology, favorable government road safety regulations, presence of different giant key players, and the rapid adoption of autonomous driving in developing countries. In the coming years, it is anticipated that OEMs will expand their production units in these developing countries of APAC to launch their new and prevailing automated as well as electric vehicles. Moreover, partnerships and collaboration within the industry are driving the integration of complementary technologies, innovation, and market expansion.
For instance, in October 2023, TTTech Auto and Mobileye announced a collaboration to surge safety and innovation in autonomous driving. The collaboration brings together ADAS and self-driving technologies for customers in China and other locations.
Future Market Scenario (2024 &ndash; 2031F)
<ul style="text-align: justify;">
<li>Retrofitting multi-camera systems to a wide variety of automotive tends to push the global market growth in the forecast period.</li>
<li>Rapid collaboration among automakers and technology companies surges the introduction of innovative camera systems.</li>
<li>Personalization and customization in vehicles increase the demand for personalized ADAS features.</li>
<li>Advancements in camera and sensor technologies in automotive improve and increase the demand for automotive multi-camera systems.</li>
</ul>
Report Scope
&ldquo;Automotive Multi-camera System Market Assessment, Opportunities and Forecast, 2017-2031F&rdquo;,&nbsp;is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global automotive multi-camera system market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
<table>
<tbody>
<tr>
<td width="293">
Report Attribute
</td>
<td width="330">
Details
</td>
</tr>
<tr>
<td width="293">
Base Year of the Analysis
</td>
<td width="330">
2023
</td>
</tr>
<tr>
<td width="293">
Historical Period
</td>
<td width="330">
2017-2022
</td>
</tr>
<tr>
<td width="293">
Forecast Period
</td>
<td width="330">
2024-2031
</td>
</tr>
<tr>
<td width="293">
Projected Growth Rate
</td>
<td width="330">
CAGR of 15.12% between 2024 and 2031
</td>
</tr>
<tr>
<td width="293">
Revenue Forecast in 2031
</td>
<td width="330">
USD 6.6 billion
</td>
</tr>
<tr>
<td width="293">
Segments Covered
</td>
<td width="330">
Vehicle Type, Type, Application
</td>
</tr>
<tr>
<td width="293">
Regions Covered
</td>
<td width="330">
North America, Europe, South America, Asia-Pacific, Middle East and Africa
</td>
</tr>
<tr>
<td width="293">
Key Companies Profile
</td>
<td width="330">
Robert Bosch GmbH, Continental AG, Delphi Technologies, Denso Corporation, Magna International Inc., Samvardhana Motherson International Ltd, Valeo SE, Faurecia Clarion Electronics, NXP Semiconductors N.V., Ambarella, Inc., Xilinx Inc.
</td>
</tr>
<tr>
<td width="293">
Customization Scope
</td>
<td width="330">
15% free report customization with purchase
</td>
</tr>
<tr>
<td width="293">
Pricing and Purchase Options
</td>
<td width="330">
Avail the customized purchase options to fulfill your precise research needs
</td>
</tr>
<tr>
<td width="293">
Delivery Format
</td>
<td width="330">
PDF and Excel through email (subject to the license purchased)
</td>
</tr>
</tbody>
</table>
In the report,&nbsp;global automotive multi-camera system market&nbsp;has been segmented into the following categories:&nbsp;
<ul style="text-align: justify;">
<li>By Vehicle Type
<ul>
<li>Passenger Cars
<ul>
<li>Mid-Sized</li>
<li>Luxury</li>
<li>Compact Cars</li>
<li>SUVs</li>
</ul>
</li>
<li>Heavy Commercial Vehicles</li>
<li>Light Commercial Vehicles</li>
</ul>
</li>
<li>By View Type
<ul>
<li>2D View Type</li>
<li>3D View Type</li>
</ul>
</li>
<li>By Application
<ul>
<li>Night Vision Recording</li>
<li>Parking Assist System</li>
<li>Blind Spot Detection</li>
<li>Lane Departure System</li>
<li>Other ADAS Systems</li>
</ul>
</li>
<li>By Region
<ul>
<li>North America</li>
<li>Europe</li>
<li>Asia-Pacific</li>
<li>South America</li>
<li>Middle East and Africa</li>
</ul>
</li>
</ul>
Key Players Landscape and Outlook
Key participants in automotive multi-camera system market are involved in continuous invention, which characterizes this landscape, as these companies contend to compete one another in terms of road safety features, ADAS systems, and autonomous driving assistance. In addition, these companies in global automotive multi-camera system market are adopting different growth strategies such as collaboration, partnership, merger and acquisition, and new production to be competitive in the market and address the rising demand for road safety features in an automotive.
In November 2023, Bosch Engineering announced smart surround sensors at AGRITECHNICA to offer ultrasound for greater safety in agricultural machinery, Radar off-highway premium for ultraprecise surroundings perception, and a multicamera system retrofit that introduces 360-degree panoramic view.
Key Players Operating in Global Automotive Multi-Camera System Market are:
<ul style="text-align: justify;">
<li>Robert Bosch GmbH</li>
<li>Continental AG</li>
<li>Delphi Technologies</li>
<li>Denso Corporation</li>
<li>Magna International Inc.</li>
<li>Samvardhana Motherson International Ltd</li>
<li>Valeo SE</li>
<li>Faurecia Clarion Electronics</li>
<li>NXP Semiconductors N.V.</li>
<li>Ambarella, Inc.</li>
<li>Xilinx Inc.</li>
</ul>
Markets and Data&rsquo;s reports answer the following questions:
<ul style="text-align: justify;">
<li>What is the current and future market size of the product/service in question globally or specific to different countries?</li>
<li>How are the markets divided into different product/service segments and the market size and growth of each segment?</li>
<li>What is the market potential of different product segments and their investment case?</li>
<li>How are the markets predicted to develop in the future and what factors will drive or inhibit growth?</li>
<li>What is the business environment and regulatory landscape specific to the product/service?</li>
</ul>
If you can't find what you're searching for or have any custom requirements for the global automotive multi-camera system market, you may approach our team at&nbsp;<a href="mailto:info@marketsandata.com">info@marketsandata.com</a>.

Global Automotive Multi-camera System Market Assessment, Opportunities and Forecast, 2017-2031F

Global automotive multi-camera system market is expected to experience growth due to the rising adoption of ADAS in vehicles, increasing the demand for improved safety features, electric vehicles, and autonomous driving.

Table of Contents
1. &nbsp; &nbsp; &nbsp; Research Methodology
2. &nbsp; &nbsp; &nbsp; Project Scope &amp; Definitions
3. &nbsp; &nbsp; &nbsp; Executive Summary
4. &nbsp; &nbsp; &nbsp; Voice of Customer
4.1. &nbsp; &nbsp;Product and Market Intelligence
4.2. &nbsp; &nbsp;Mode of Brand Awareness
4.3. &nbsp; &nbsp;Factors Considered in Purchase Decisions
4.3.1.Features and other value-added service
4.3.2.Multi-camera System Capability
4.3.3.Display Type and Reliability
4.3.4.After-Sales Support
4.4. &nbsp; &nbsp;Consideration of Privacy &amp; Safety Regulations
5. &nbsp; &nbsp; &nbsp; Global Automotive Multi-camera System Market Outlook, 2017-2031F
5.1. &nbsp; &nbsp;Market Size &amp; Forecast
5.1.1.By Value
5.2. &nbsp; &nbsp;By Vehicle Type
5.2.1.Passenger Cars
5.2.1.1.1. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Mid-Sized
5.2.1.1.2. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Luxury Cars
5.2.1.1.3. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Compact Cars
5.2.1.1.4. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;SUVs
5.2.2.Heavy Commercial Vehicles
5.2.3.Light Commercial Vehicles
5.3. &nbsp; &nbsp;By View Type
5.3.1.2D View Type
5.3.2.3D View Type
5.4. &nbsp; &nbsp;By Application
5.4.1.Night Vision Recording
5.4.2.Parking Assist System
5.4.3.Blind Spot Detection
5.4.4.Lane Departure System
5.4.5.Other ADAS Systems
5.5. &nbsp; &nbsp;By Region
5.5.1. &nbsp;North America
5.5.2. &nbsp;Europe
5.5.3. &nbsp;Asia-Pacific
5.5.4. &nbsp;South America
5.5.5. &nbsp;Middle East and Africa
5.6. &nbsp; &nbsp;By Company Market Share (%), 2023
6. &nbsp; &nbsp; &nbsp; Global Automotive Multi-camera System Market Outlook, By Region, 2017-2031F
6.1. &nbsp; &nbsp;North America*
6.1.1.Market Size &amp; Forecast
6.1.1.1. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;By Value
6.1.2.By Vehicle Type
6.1.2.1. &nbsp; Passenger Cars
6.1.2.1.1.1.1. &nbsp; &nbsp; &nbsp; &nbsp; Mid-Sized
6.1.2.1.1.1.2. &nbsp; &nbsp; &nbsp; &nbsp; Luxury Cars
6.1.2.1.1.1.3. &nbsp; &nbsp; &nbsp; &nbsp; Compact Cars
6.1.2.1.1.1.4. &nbsp; &nbsp; &nbsp; &nbsp; SUVs
6.1.2.2. &nbsp; Heavy Commercial Vehicles
6.1.2.3. &nbsp; Light Commercial Vehicles
6.1.3.By View Type
6.1.3.1. &nbsp; 2D View Type
6.1.3.2. &nbsp; 3D View Type
6.1.4.By Application
6.1.4.1. &nbsp; Night Vision Recording
6.1.4.2. &nbsp; Parking Assist System
6.1.4.3. &nbsp; Blind Spot Detection
6.1.4.4. &nbsp; Lane Departure System
6.1.4.5. &nbsp; Other ADAS Systems
6.1.5.United States*
6.1.5.1. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Market Size &amp; Forecast
6.1.5.1.1. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;By Value
6.1.5.2. &nbsp; By vehicle Type
6.1.5.2.1. &nbsp; &nbsp; Passenger Cars
6.1.5.2.1.1.1.1. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Mid-Sized
6.1.5.2.1.1.1.2. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Luxury Cars
6.1.5.2.1.1.1.3. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Compact Cars
6.1.5.2.1.1.1.4. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; SUVs
6.1.5.2.2. &nbsp; &nbsp; Heavy Commercial Vehicles
6.1.5.2.3. &nbsp; &nbsp; Light Commercial Vehicles
6.1.5.3. &nbsp; By View Type
6.1.5.3.1. &nbsp; &nbsp; 2D View Type
6.1.5.3.2. &nbsp; &nbsp; 3D View Type
6.1.5.4. &nbsp; By Application
6.1.5.4.1. &nbsp; &nbsp; Night Vision Recording
6.1.5.4.2. &nbsp; &nbsp; Parking Assist System
6.1.5.4.3. &nbsp; &nbsp; Blind Spot Detection
6.1.5.4.4. &nbsp; &nbsp; Lane Departure System
6.1.5.4.5. &nbsp; &nbsp; Other ADAS System
6.1.6.Canada
6.1.7.Mexico
*All segments will be provided for all regions and countries covered
6.2. &nbsp; &nbsp;Europe
6.2.1.Germany
6.2.2.France
6.2.3.Italy
6.2.4.United Kingdom
6.2.5.Russia
6.2.6.Netherlands
6.2.7.Spain
6.2.8.Turkey
6.2.9.Poland
6.3. &nbsp; &nbsp;Asia-Pacific
6.3.1.India
6.3.2.China
6.3.3.Japan
6.3.4.Australia
6.3.5.Vietnam
6.3.6.South Korea
6.3.7.Indonesia
6.3.8.Philippines
6.4. &nbsp; &nbsp;South America
6.4.1.Brazil
6.4.2.Argentina
6.5. &nbsp; &nbsp;Middle East &amp; Africa
6.5.1.Saudi Arabia
6.5.2.UAE
6.5.3.South Africa
7. &nbsp; &nbsp; &nbsp; Market Mapping, 2023
7.1. &nbsp; &nbsp;By Vehicle Type
7.2. &nbsp; &nbsp;By View Type
7.3. &nbsp; &nbsp;By Application
7.4. &nbsp; &nbsp;By Region
8. &nbsp; &nbsp; &nbsp; Macro Environment and Industry Structure
8.1. &nbsp; &nbsp;Demand Supply Analysis
8.2. &nbsp; &nbsp;Import Export Analysis
8.3. &nbsp; &nbsp;Value Chain Analysis
8.4. &nbsp; &nbsp;PESTEL Analysis
8.4.1.Political Factors
8.4.2.Economic System
8.4.3.Social Implications
8.4.4.Technological Advancements
8.4.5.Environmental Impacts
8.4.6.Legal Compliances and Regulatory Policies (Statutory Bodies Included)
8.5. &nbsp; &nbsp;Porter&rsquo;s Five Forces Analysis
8.5.1.Supplier Power
8.5.2.Buyer Power
8.5.3.Substitution Threat
8.5.4.Threat from New Entrant
8.5.5.Competitive Rivalry
9. &nbsp; &nbsp; &nbsp; Market Dynamics
9.1. &nbsp; &nbsp; &nbsp;Growth Drivers
9.2. &nbsp; &nbsp; &nbsp;Growth Inhibitors (Challenges and Restraints)
10. &nbsp; Key Players Landscape
10.1. &nbsp;Competition Matrix of Top Five Market Leaders
10.2. &nbsp;Market Revenue Analysis of Top Five Market Leaders (in %, 2023)
10.3. &nbsp;Mergers and Acquisitions/Joint Ventures (If Applicable)
10.4. &nbsp;SWOT Analysis (For Five Market Players)
10.5. &nbsp;Patent Analysis (If Applicable)
11. &nbsp; Pricing Analysis
12. &nbsp; Case Studies
13. &nbsp; Key Players Outlook
13.1. &nbsp; &nbsp;Robert Bosch GmbH
13.1.1. &nbsp; Company Details
13.1.2. &nbsp; Key Management Personnel
13.1.3. &nbsp; Products &amp; Services
13.1.4. &nbsp; Financials (As reported)
13.1.5. &nbsp; Key Market Focus &amp; Geographical Presence
13.1.6. &nbsp; Recent Developments
13.2. &nbsp; &nbsp;Continental AG
13.3. &nbsp; &nbsp;Imagination Technologies Limited
13.4. &nbsp; &nbsp;Delphi Technologies
13.5. &nbsp; &nbsp;Denso Corporation
13.6. &nbsp; &nbsp;Magna International Inc.
13.7. &nbsp; &nbsp;Samvardhana Motherson International Ltd
13.8. &nbsp; &nbsp;Valeo SE
13.9. &nbsp; &nbsp;Faurecia Clarion Electronics
13.10. NXP Semiconductors N.V.
13.11. Ambarella, Inc.
13.12. Xilinx Inc.
*Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.
14. &nbsp; Strategic Recommendations
15. &nbsp; About Us &amp; Disclaimer

FAQs

Industry Reports

Blogs

Case Studies

Industry News

Press Release

Infographics