MEA Automotive Camera Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Middle East and Africa Automotive Camera Market Size- By Application, By Type, By Technology, By Vehicle Type, By Level of Autonomy- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: AMIN2418 | Pages: 1 - 156 | Formats*: |
| Category : Automotive & Transportation | |||
Middle East and Africa Automotive Camera Market Introduction and Overview
According to SPER Market Research, the Middle East and Africa Automotive Camera Market is estimated to reach USD 130.57 billion by 2033 with a CAGR of 12.2%.
The report includes an in-depth analysis of the Middle East and Africa Automotive Camera Market, including market size and trends, product mix, applications, and supplier analysis. The purpose of the onboard car camera or Automotive camera is to capture the best footage in order to boost visibility and enhance driver safety. These cameras are mostly used to assist drivers with parking, performance evaluation, night vision, and evidence collection. Additionally, they are integrated with complex computer vision algorithms that are crucial to advanced driver assistance systems (ADAS) and extract useful information from the captured photographs to assist the driver in many ways. Car cameras are installed both inside and outside vehicles in order to capture sharp images and videos. In order to improve visibility in the surrounding region and boost vehicle safety, these cameras assist both human and machine vision.
- In 2021: Autoliv and SSAB joined forces to work together on the development of fossil-free steel from SSAB, specifically for the production of automotive safety products.
- In 2022: Magna is set to inaugurate a new facility in Kechnec, Slovakia, with the purpose of broadening its presence in Advanced Driver Assistance Systems (ADAS) and electrification technologies.
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Market Opportunities and Challenges
In the present era, electric vehicles come equipped with Advanced Driver Assistance Systems (ADAS) and automotive cameras, including mono cameras, rear-view cameras, and surround-view cameras, aiming to enhance the driving experience. The rising interest in electric cars is mainly linked to the escalating demand for low-emission vehicles and the implementation of supportive regulations for zero-emission vehicles. These regulations, often accompanied by subsidies and tax rebates, have compelled manufacturers to introduce electric cars globally. As consumers transition to electric vehicles, they anticipate an elevated digital experience combined with advanced driving features. The drive for technological advancements may amplify the need for connectivity, shared mobility solutions, rear-view cameras, and 360-degree view technology.
Furthermore, heightened expectations regarding the functionality of ADAS in electric vehicles are expected to influence the dynamics of the automotive camera market in the forthcoming years. Consequently, the expanding production of electric vehicles is foreseen to generate significant demand for the integration of automotive cameras, presenting lucrative opportunities for the market in the forecast period.
A primary factor hindering the expansion of the automotive camera industry is the elevated expense associated with the advanced cameras utilized in this sector. The cameras' heightened costs stem from the incorporation of delicate components such as mirrorless cameras, sensors, and lenses. For example, the installation of three to six cameras within a vehicle is essential for the proper functioning of Advanced Driver Assistance Systems (ADAS) features like Automatic Emergency Braking (AEB), Forward Collision Warning System (FCWS), and Adaptive Cruise Control (ACC). Penetrating the market for these cameras proves challenging due to their cost, which is nearly eight times higher than the modules found in mobile phones. Furthermore, the considerable investment in research and development necessary for introducing innovations and advancements in camera technology is amplifying its expenses and constraining the potential growth of the market.
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Market Competitive Landscape
Because there are so many regional companies, the automotive camera market in Africa and the Middle East is very fragmented. Nonetheless, a few of the industry leaders, like Magna International, Panasonic Corporation, Garmin Ltd., Autoliv Inc., and Continental AG, have taken sizable market shares. These businesses are concentrating on smart joint ventures in order to increase their market shares and earnings.
Aptiv PLC, Autoliv Inc., Continental AG, FLIR Systems, Inc., Garmin Ltd., Magna International Inc., Mobileye, Panasonic Corporation, Robert Bosch GmbH, Stonkam Co. Ltd. are some of the major companies involved in the global organic food and vegetable market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Application, By Type, By Vehicle Type, By Level of Autonomy. |
| Regions covered | South Africa, Saudi Arabia, UAE and Rest of Middle East & Africa. |
| Companies Covered | Aptiv PLC, Autoliv Inc., Continental AG, FLIR Systems, Inc., Garmin Ltd., Magna International Inc., Mobileye, Panasonic Corporation, Robert Bosch GmbH, Stonkam Co. Ltd. |
COVID-19 Impact on Middle East and Africa Automotive Camera Market
The COVID-19 pandemic impeded market expansion by stopping car manufacture and causing supply shortages, which effectively shut down the automobile sector. On the other hand, mandates from several nations caused the car camera market to take off. In addition, the market's demand is driven by the advancement of new technologies including cruise control systems and night vision systems, as well as the expansion of e-mobility. Furthermore, elements like the growing ubiquity of safety systems in automobiles and intense rivalry amongst suppliers for high-quality services and goods that meet consumer demands are probably going to support the market's further growth.
Key Target Audience
- Investors and Financial Analysts
- Government Agencies
- Agribusinesses and Farmers
- Food and Beverage Companies
Our in-depth analysis of the MEA Automotive Camera Market includes the following segments:
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| By Type: |
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| By Vehicle Type: |
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| By Level of Autonomy: |
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Key Topics Covered in the Report
- Middle East and Africa Automotive Camera Market Size (FY’2023-FY’2033)
- Overview of Middle East and Africa Automotive Camera Market.
- Segmentation of MEA Automotive Camera Market by Application (ADAS and Park Assist).
- Segmentation of MEA Automotive Camera Market by Type (Mono Camera, Surround View Camera and Rear View Camera).
- Segmentation of MEA Automotive Camera Market by Vehicle Type (Commercial Vehicle and Passenger Vehicle).
- Segmentation of Middle East and Africa Automotive Camera Market by Level of Autonomy (L1, L2, L3 and Others).
- Statistical Snap of Middle East and Africa Automotive Camera Market
- Expansion Analysis of Middle East and Africa Automotive Camera Market
- Problems and Obstacles in Middle East and Africa Automotive Camera Market
- Competitive Landscape in the MEA Automotive Camera Market
- Impact of COVID-19 and Demonetization on Middle East and Africa Automotive Camera Market
- Details on Current Investment in MEA Automotive Camera Market
- Competitive Analysis of Middle East and Africa Automotive Camera Market
- Prominent Players in the MEA Automotive Camera Market
- SWOT Analysis of Middle East and Africa Automotive Camera Market
- MEA Automotive Camera Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts on the MEA Automotive Camera Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Middle East and Africa Automotive Camera Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East and Africa Automotive Camera Market
7. Middle East and Africa Automotive Camera Market, By Application (USD Million)
7.1. Middle East and Africa Automotive Camera Market Value Share and Forecast, By Application, 2023-20337.2. ADAS7.3. Park Assist
8. Middle East and Africa Automotive Camera Market, By Type (USD Million)
8.1. Middle East and Africa Automotive Camera Market Value Share and Forecast, By Type, 2023-20338.2. Mono Camera8.3. Surround View Camera8.4. Rear View Camera
9. Middle East and Africa Automotive Camera Market, By Vehicle Type (USD Million)
9.1. Middle East and Africa Automotive Camera Market Value Share and Forecast, By Vehicle Type, 2023-20339.2. Commercial Vehicle9.3. Passenger Vehicle
10. Middle East and Africa Automotive Camera Market, By Level of Autonomy (USD Million)
10.1. Middle East and Africa Automotive Camera Market Value Share and Forecast, By Level of Autonomy, 2023-203310.2. L110.3. L210.4. L310.5. Others
11. Middle East and Africa Automotive Camera Market Forecast, 2019-2033 (USD Million)
11.1. Middle East and Africa Automotive Camera Market Size and Market Share
12. Middle East and Africa Automotive Camera Market, By Application 2019-2033 (USD Million)
12.1. Middle East and Africa Automotive Camera Market Size and Market Share by Application (2019-2026)12.2. Middle East and Africa Automotive Camera Market Size and Market Share by Application (2027-2033)
13. Middle East and Africa Automotive Camera Market, By Type, 2019-2033 (USD Million)
13.1. MEA Automotive Camera Market Size and Market Share by Type (2019-2026)13.2. MEA Automotive Camera Market Size and Market Share by Type (2027-2033)
14. MEA Automotive Camera Market, Vehicle Type, 2019-2033 (USD Million)
14.1. Middle East and Africa Automotive Camera Market Size and Market Share by Vehicle Type (2019-2026)14.2. Middle East and Africa Automotive Camera Market Size and Market Share by Vehicle Type (2027-2033)
15. Middle East and Africa Automotive Camera Market, By Level of Autonomy, 2019-2033 (USD Million)
15.1. Middle East and Africa Automotive Camera Market Size and Market Share by Level of Autonomy (2019-2026)15.2. Middle East and Africa Automotive Camera Market Size and Market Share by Level of Autonomy (2027-2033)
16. Middle East and Africa Automotive Camera Market, By Region, 2019-2033 (USD Million)
16.1. Middle East and Africa Automotive Camera Market Size and Market Share by Region (2019-2026)16.2. Middle East and Africa Automotive Camera Market Size and Market Share by Region (2027-2033)16.3. Middle East and Africa16.3.1. South Africa16.3.2. Saudi Arabia16.3.3. UAE16.3.4. Rest of Middle East & Africa
17. Company Profile
17.1. Aptiv PLC
17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Autoliv Inc.
17.2.1. Company details
17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments
17.3. Continental AG
17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments
17.4. FLIR Systems, Inc.
17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments
17.5. Garmin Ltd.
17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments
17.6. Magna International Inc.
17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments
17.7. Mobileye
17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary
17.7.4. Recent developments
17.8. Panasonic Corporation
17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments
17.9. Robert Bosch GmbH
17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments
17.10. Stonkam Co. Ltd.
17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments
17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
MEA Automotive Camera Market is projected to reach USD 130.57 billion by 2033, growing at a CAGR of 12.2% during the forecast period.
MEA Automotive Camera Market grew in Market size from 2022. The Market is expected to reach USD 130.57 billion by 2033, at a CAGR of 12.2% during the forecast period.
MEA Automotive Camera Market CAGR of 12.2% during the forecast period.
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MEA Automotive Camera Market size is USD 130.57 billion from 2023 to 2033.
MEA Automotive Camera Market Segment is covered By Application, By Type, By Vehicle Type, By Level of Autonomy.
The MEA is anticipated to have the highest Market share in the MEA Automotive Camera Market.
The key players in the Market include Companies Covered Aptiv PLC, Autoliv Inc., Continental AG, FLIR Systems, Inc., Garmin Ltd., Magna International Inc., Mobileye, Panasonic Corporation, Robert Bosch GmbH, Stonkam Co. Ltd.
The purpose of the onboard car camera or Automotive camera is to capture the best footage in order to boost visibility and enhance driver safety.
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