The North America Automotive Camera Market would witness market growth of 9.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 7,662.5 thousand units, showcasing a growth of 8.9% (2019-2022).
The traditional rearview mirror undergoes a digital metamorphosis with the advent of smart rearview mirrors equipped with cameras. These mirrors provide unobstructed rear views and offer auto-dimming, blind-spot detection, and high-resolution displays. Concurrently, driver monitoring systems, empowered by interior-facing cameras, enhance driver safety by monitoring attentiveness, fatigue, and potential distractions. Beyond safety and autonomy, automotive cameras are contributing to immersive in-car experiences. Interior cameras enable gesture recognition, facial recognition for personalized settings, and mood monitoring for adaptive lighting and music.
The fusion of augmented reality and cameras transforms windshields into information displays, providing real-time navigation cues and enhancing overall driving experiences. Furthermore, a prominent trend in the market is the proliferation of multi-camera configurations. Vehicles are increasingly equipped with front-view, rearview, side-view, and surround-view cameras, creating a comprehensive visual sensor network. This trend enhances safety features and contributes to developing holistic monitoring and control systems.
Mexico has become a prominent manufacturing hub for the automotive industry. Many major automakers have established production facilities in Mexico to take advantage of cost-effective labor, proximity to the U.S. market, and trade agreements such as the United States-Mexico-Canada Agreement (USMCA). As Mexican consumers become more tech-savvy and demand vehicles with advanced features, the automotive industry may respond by incorporating technologies like camera-based systems. As per the data from the International Trade Administration, Mexico ranks the seventh-largest producer globally, with an annual production of 3.5 million passenger vehicles. Out of the total number of vehicles manufactured in Mexico, 88 percent are exported, with 76 percent being allocated to the United States. Therefore, the growing automotive sector in North America will assist in the expansion of the regional market.
The US market dominated the North America Automotive Camera Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,827.9 Million by 2030. The Canada market is experiencing a CAGR of 12.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 11.2% during (2023 - 2030).
Free Valuable Insights: The Automotive Camera Market is Predict to reach $16.4 Billion by 2030, at a CAGR of 10.5%
Based on Technology Type, the market is segmented into Digital Camera, Thermal Camera, and Infrared Camera. Based on Application, the market is segmented into Adaptive Cruise Control System, Park Assist System, Blind Spot Detection, Driver Monitoring System, Autonomous Emergency Braking System, Lane Departure Warning System, and Others. Based on Vehicle Type, the market is segmented into Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Technology Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Vehicle Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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