United Kingdom Automotive Camera Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 8.43% from 2023 to 2033
• The U.K. Automotive Camera Market Size is Expected to Hold a Significant Share by 2033

The United Kingdom Automotive Camera Market Size is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 8.43% from 2023 to 2033.

Market Overview

A dashcam, also called car DVR, driving recorder, or EDR, is a camera inside a vehicle that records constantly through the front windscreen and sometimes other windows. Certain dashcams have an internal camera that captures a 360-degree view inside the vehicle, typically in a spherical shape, and can transmit images and videos wirelessly via 4G. There are promising prospects in the United Kingdom's automotive camera market, specifically in compact cars, large cars, and light commercial vehicles. Increasing demand for advanced driver assistance systems in vehicles, along with a greater emphasis on connected vehicle capabilities, are key factors driving this market. Additionally, government regulations in North America and Europe now require the installation of rearview backup cameras in all vehicles. New developments in the automotive camera industry, such as the introduction of recognition camera tech for mirrorless cars and the heightened use of wide-angle camera tech, are influencing industry dynamics. In September 2019, Veoneer, a leading technology manufacturer in the automotive sector, revealed the creation of a thermal camera for self-driving cars. Veoneer presently manufactures radars, vision systems, and cutting-edge software for advanced driver assistance and autonomous driving.

Report Coverage

This research report categorizes the market for the U.K. automotive camera market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the UK automotive camera market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the UK automotive camera market.

Driving Factors

The swift progress in autonomous driving technology is leading to significant growth in the automotive camera market, requiring more advanced imaging solutions. The increasing popularity of smart cars has led to a greater demand for advanced driver assistance systems that come with high-resolution cameras to improve safety and performance. In addition, increased focus on safety regulations for roads is driving the use of car cameras to decrease accidents and enhance the driving experience. Consumers are more and more demanding that their vehicles come equipped with advanced safety and driver assistance technology. The increasing need from consumers is a key factor influencing the automotive camera market. ADAS functionalities such as lane departure warning and collision avoidance heavily depend on inputs from cameras. Consumers rank these attributes at the top as they increase safety, offer convenience, and enhance the driving experience.

Restraining Factors

Challenges such as inclement weather, temperature changes, and vibrations might hinder the expansion of the automotive camera industry. Cameras need to function dependably in challenging environments like intense rain, fog, snow, and dust, which can obstruct lenses and sensors, diminishing clarity and precision.

Market Segmentation

The United Kingdom automotive camera market share is classified into type, and application.

• The stereo segment is expected to hold the largest market share through the forecast period.   

The U.K. automotive camera market is segmented by type into stereo and monocular. Among these, the stereo segment is expected to hold the largest market share through the forecast period. A stereo camera is made up of two cameras that determine the distance between a vehicle and an obstacle with precision. Stereo cameras are essential for ensuring the correct operation of different Advanced Driver Assistance System (ADAS) functions like lane departure warning, collision warning, and adaptive cruise control. Hence, the continued dominance of stereo cameras in autonomous driving and collision detection devices will be supported by the increase in adoption during the forecast period.

• The park assist system segment dominates the market with the largest market share over the predicted period.

The UK automotive camera market is segmented by application type into park assist systems, lane departure warning system, blind spot detection, lane keep assist, road sign assistance, adaptive cruise control (ACC), intelligent headlight control, and others. Among these, the park assist system segment dominates the market with the largest market share over the predicted period. Park assist is a type of advanced driver assistance system (ADAS) designed to assist drivers in safely parking in any parking spot. Parking aids are utilized in both private automobiles and commercial trucks. The driver can park the vehicle among a line of parallel parked cars and leave the parking spot using the system.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom automotive camera market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Aei Boston
• Aisin Seiki Co., Ltd.
• Voxx Electronics Corporation
• Autoliv Inc.
• Continental AG
• Delphi Automotive Plc
• Denso Corporation
• Hella KGaA Heuck & Co.
• Mobileye
• Robert Bosch GmbH
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-added resellers (VARs)

Market Segment

This study forecasts revenue at the United Kingdom, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Automotive Camera Market based on the below-mentioned segments:

United Kingdom Automotive Camera Market, By Type

• Stereo
• Monocular

United Kingdom Automotive Camera Market, By Application Type

• Park Assist System
• Lane Departure Warning System
• Blind Spot Detection
• Lane Keep Assist
• Road Sign Assistance
• Adaptive Cruise Control (ACC)
• Intelligent Headlight Control
• Others