South & Central America Automotive Camera Market Forecast to 2028 – COVID

South & Central America Automotive Camera Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Application (Park Assist and ADAS), Type (Mono Camera, Surround View Camera, and Rear View Camera), Vehicle Type (Passenger Cars and Commercial Vehicle), and Level of Autonomy (L1, L2, L3, and Others)

Report Code : BMIRE00026290 | Region : LAMEA | Industry : Automotive and Transportation | Published Date : 23/Sep/2022

The automotive camera market in South & Central America is expected to grow from US$ 287.35 million in 2022 to US$ 693.22 million by 2028; it is estimated to grow at a CAGR of 15.8% from 2022 to 2028.

Brazil is largely contributing to the automotive market in South America. The growing investment in the production of vehicles is fueling the growth of the automotive industry. For instance, in April 2022, Nissan Motor Co planned to invest US$ 276.12 million in its plant in Rio de Janeiro and is expected to launch new products such as the Frontier pickup truck between 2022 and 2025. In addition, in February 2022, Volvo's Brazilian unit announced that it would invest US$ 283.36 million in the country by 2025 in order to provide boost to the automotive industry. In 2021, Volvo sold 21,800 trucks in Brazil, which increased by 45.7% as compared to the sales in 2020. The Brazilian truck market recorded a growth of 43.5% in 2021 by registering the sale of 128,700 vehicles. All these vehicles have inbuilt automotive cameras thus, such growth prospects in sales of commercial vehicles are expected to drive the demand for automotive cameras.

The rise in demand for electric vehicles is making EV manufacturers increase their manufacturing capabilities, aiding the usage of automotive cameras in vehicles. In 2021, all major vehicle markets in South & Central America reported an increase in EV sales. As per the local electric vehicle association ABVE, EV sales in Brazil reached ~35,000 in 2021, an increase of 77% compared to 2020. According to Chile's national automotive chamber, sales of zero and low-emission light and medium-sized vehicles increased by 231% in 2021. Furthermore, the growing investment in manufacturing plants is anticipated to drive the automobile market thus indirectly impacting the automotive camera market also. For instance, in January 2022, Great Wall Motor announced the plan to invest US$ 1.9 billion in Brazil over the next decade to manufacture electric and hybrid cars, which will serve as an export hub in Latin America. Such investment prospects would help the automotive sector strengthen the Brazilian economy. Hence, growing investment in the automotive industry and rising demand for EVs are the prominent factors driving the demand for automotive cameras in South America.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South & Central America automotive camera market at a substantial CAGR during the forecast period.

South & Central America Automotive Camera Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Automotive Camera Market Segmentation

The South & Central America automotive camera market is segmented into application, type, vehicle type, level of autonomy, and country. Based on application, the South & Central America automotive camera market is bifurcated into park assist and ADAS. The park assist segment accounted for a larger market share in 2022. Based on type, the South & Central America automotive camera market is categorized into mono camera, surround view camera, and rear view camera. The rear view camera segment accounted for the largest market share in 2022, owing to increasing awareness for safe driving that needs the proportion of cars with a rear view camera. Based on vehicle type, the South & Central America automotive camera market is bifurcated into passenger cars and commercial vehicle. The passenger cars segment accounted for a larger market share in 2022 owing to growing initiatives for introducing regulatory policies for safety and comfort for passenger vehicles. Based on level of autonomy, the automotive camera market is segmented into L1, L2, L3, and others. The L1 segment accounted for a larger market share in 2022. Moreover, the L2 segment is projected to observe significant growth during the forecast period owing to the growing demand for driver assistance systems. Based on country, the South & Central America automotive camera market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest market share in 2022.

Aptiv PLC; Autoliv Inc.; Continental AG; FLIR Systems, Inc.; Magna International Inc.; Mobileye; Robert Bosch GmbH; Stonkam Co., Ltd.; and Valeo are among the leading companies operating in the South & Central America automotive camera market.

At 15.8% CAGR, the South & Central America Automotive Camera Market is speculated to be worth US$ 693.22 Million by 2028, says The Insight Partners

According to The Insight Partners’ research, the South & Central America automotive camera market was valued at US$ 287.35 million in 2022 and is expected to reach US$ 693.22 million by 2028, registering an annual growth rate of 15.8% from 2022 to 2028. Rising demand for electric vehicles and high adoption of advanced cameras in vehicles are the critical factors attributed to the market expansion.

Nowadays, electric cars are equipped with ADAS and automotive cameras, such as mono cameras, rear view cameras, and surround-view cameras, for a better driving experience. The growing demand for electric vehicles is primarily attributed to the increasing demand for low-emission vehicles and growing supportive regulations for zero-emission vehicles through subsidies and tax rebates that compelled the manufacturers to provide electric cars across the world. When switching to an electric vehicle, customers expect a higher level of digital experience, coupled with advanced driving features. The push for technological innovations may increase the demand for connectivity, shared mobility solutions, rear view cameras, and 360-degree view technology. In addition, increased expectations regarding ADAS function in electric vehicles would propel the automotive camera market dynamics in the coming years. Thus, the growing production of electric vehicles is anticipated to hold potential demand for incorporating the automotive cameras, which would create lucrative opportunities for the market during the forecast period.

On the contrary, high installation cost of advanced cameras hurdles the growth of South & Central America automotive camera market.

Based on application, the South & Central America automotive camera market has be bifurcated into park assist and ADAS. The Park Assist segment held 89.2% market share in 2022, amassing US$ 256.42 million. It is projected to garner US$ 635.96 million by 2028 to expand at 16.3% CAGR during 2022–2028.

Based on type, the South & Central America automotive camera market categorized into mono camera, surround view camera, and rear view camera. With 69.8% rear view camera segment accounted for the largest market share in 2022. It accrued US$ 200.58 million in 2022 and is estimated to generate US$ 475.38 million by 2028 to grow at a CAGR of 15.5% over the forecast period.

By the vehicle size, the South & Central America automotive camera market is segment into passenger cars and commercial vehicle. With 76.8% share of the domain, the passenger cars segment dominated the market in 2022. It accrued US$ 220.55 million in 2022 and is estimated to generate US$ 550.77 million by 2028 to grow at a CAGR of 16.5% over the forecast period.

By level of autonomy, the South & Central America automotive camera market is segment into LI, L2, and L3, and others. With 95.2% share of the domain, the L1 segment dominated the market in 2022. It accrued US$ 273.57 million in 2022 and is estimated to generate US$ 656.72 million by 2028 to grow at a CAGR of 15.7% over the forecast period.

Our regional analysis states that Brazil captured 72.0% market share in 2022. It was assessed at US$ 206.90 million in 2022 and is likely to hit US$ 526.85 million by 2028, exhibiting a CAGR of 16.9% during the forecast period.

Key players dominating the South & Central America automotive camera market are Aptiv PLC; Autoliv Inc.; Continental AG; FLIR Systems, Inc.; Magna International Inc.; Mobileye; Robert Bosch GmbH; Stonkam Co., Ltd.; and Valeo among others.

In 2021, Autoliv and SSAB has formed collaboration to develop fossil-free steel from SSAB for manufacturing of automotive safety products. In 2022, Magna is opening new plant in Kechnec, Slovakia to expand its ADAS and electrification footprint. Contact Us

Contact Person: Sameer Joshi

Phone: +1- 646- 491- 9876

Email id: [email protected]

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study.

1.2 The Insight Partners Research Report Guidance.

1.3 Market Segmentation.

1.3.1 SAM Automotive Camera Market – By Propulsion.

1.3.2 SAM Automotive Camera Market – By Type.

1.3.3 SAM Automotive Camera Market – By Vehicle Type.

1.3.4 SAM Automotive Camera Market – By Level of Autonomy.

1.3.5 SAM Automotive Camera Market – By Country.

2. Key Takeaways

3. Research Methodology

3.1 Coverage.

3.2 Secondary Research.

3.3 Primary Research.

4. SAM Automotive Camera Market Landscape

4.1 Market Overview..

4.2 SAM PEST Analysis.

4.3 Ecosystem Analysis.

4.4 Expert Opinion.

5. SAM Automotive Camera Market - Key Market Dynamics

5.1 Market Drivers.

5.1.1 Increasing demand for Safety and Driving Comfort Features.

5.1.2 Growing Popularity of Advanced Cameras in Vehicles.

5.2 Market Restraints.

5.2.1 High Installation Cost of Advanced Cameras.

5.3 Market Opportunities.

5.3.1 Rising Demand for Electric Vehicles.

5.4 Market Trends.

5.4.1 Rising Adoption of Advanced Driver Assistance Systems (ADAS)

5.5 Impact Analysis of Drivers and Restraints.

6. Automotive Camera Market – SAM Market Analysis

6.1 SAM Automotive Camera Market SAM Overview..

6.2 SAM Automotive Camera Market Forecast and Analysis.

7. SAM Automotive Camera Market Revenue and Forecast to 2028 – Application

7.1 Overview..

7.2 SAM Automotive Camera Market, By Application (2021 and 2028)

7.3 PARK ASSIST.

7.3.1 Overview..

7.3.2 PARK ASSIST: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

7.4 ADAS.

7.4.1 Overview..

7.4.2 ADAS: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

8. SAM Automotive Camera Market – By Type

8.1 Overview..

8.2 SAM Automotive Camera Market, By Type (2021 and 2028)

8.3 Mono Camera.

8.3.1 Overview..

8.3.2 Mono Camera: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Surround View Camera.

8.4.1 Overview..

8.4.2 Surround View Camera: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Rear View Camera.

8.5.1 Overview..

8.5.2 Rear View Camera: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

9. SAM Automotive Camera Market – By Vehicle Type

9.1 Overview..

9.2 SAM Automotive Camera Market, By Vehicle Type (2021 and 2028)

9.3 Passenger Cars.

9.3.1 Overview..

9.3.2 Passenger Cars: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Commercial Vehicle.

9.4.1 Overview..

9.4.2 Commercial Vehicle: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

10. SAM Automotive Camera Market – By Level of Autonomy

10.1 Overview..

10.2 SAM Automotive Camera Market, By Level of Autonomy (2021 and 2028)

10.3 L1.

10.3.1 Overview..

10.3.2 L1: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

10.4 L2.

10.4.1 Overview..

10.4.2 L2: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

10.5 L3.

10.5.1 Overview..

10.5.2 L3: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

10.6 Others.

10.6.1 Overview..

10.6.2 Others: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

11. SAM Automotive Camera Market – Country Analysis

11.1 Overview

11.1.1 South America: Automotive Camera Market, by Key Country

11.1.1.1 Brazil: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.1.1 Brazil: Automotive Camera Market, By Type.

11.1.1.1.2 Brazil: Automotive Camera Market, By Application.

11.1.1.1.3 Brazil: Automotive Camera Market, By Vehicle Type.

11.1.1.1.4 Brazil: Automotive Camera Market, By Level of Autonomy.

11.1.1.2 Argentina: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.1 Argentina: Automotive Camera Market, By Type.

11.1.1.2.2 Argentina: Automotive Camera Market, By Application.

11.1.1.2.3 Argentina: Automotive Camera Market, By Vehicle Type.

11.1.1.2.4 Argentina: Automotive Camera Market, By Level of Autonomy.

11.1.1.3 Rest of SAM: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.3.1 Rest of SAM: Automotive Camera Market, By Type.

11.1.1.3.2 Rest of SAM: Automotive Camera Market, By Application.

11.1.1.3.3 Rest of SAM: Automotive Camera Market, By Vehicle Type.

11.1.1.3.4 Rest of SAM: Automotive Camera Market, By Level of Autonomy.

12. Industry Landscape

12.1 Market Initiative.

12.2 New Development

13. Company Profile

13.1 Aptiv PLC.

13.1.1 Key Facts.

13.1.2 Business Description.

13.1.3 Products and Services.

13.1.4 Financial Overview..

13.1.5 SWOT Analysis

13.1.6 Key Developments.

13.2 Autoliv Inc.

13.2.1 Key Facts.

13.2.2 Business Description.

13.2.3 Products and Services.

13.2.4 Financial Overview.

13.2.5 SWOT Analysis.

13.2.6 Key Developments.

13.3 Continental AG..

13.3.1 Key Facts.

13.3.2 Business Description.

13.3.3 Products and Services.

13.3.4 Financial Overview..

13.3.5 SWOT Analysis.

13.3.6 Key Developments.

13.4 FLIR Systems, Inc.

13.4.1 Key Facts.

13.4.2 Business Description.

13.4.3 Products and Services.

13.4.4 Financial Overview..

13.4.5 SWOT Analysis.

13.4.6 Key Developments.

13.5 Magna International Inc.

13.5.1 Key Facts.

13.5.2 Business Description.

13.5.3 Products and Services.

13.5.4 Financial Overview..

13.5.5 SWOT Analysis.

13.5.6 Key Developments.

13.6 Robert Bosch GmbH..

13.6.1 Key Facts.

13.6.2 Business Description.

13.6.3 Products and Services.

13.6.4 Financial Overview..

13.6.5 SWOT Analysis.

13.6.6 Key Developments.

13.7 Valeo.

13.7.1 Key Facts.

13.7.2 Business Description.

13.7.3 Products and Services.

13.7.4 Financial Overview..

13.7.5 SWOT Analysis.

13.7.6 Key Developments.

13.8 Mobileye.

13.8.1 Key Facts.

13.8.2 Business Description.

13.8.3 Products and Services.

13.8.4 Financial Overview..

13.8.5 SWOT Analysis.

13.8.6 Key Developments.

13.9 STONKAM CO.,LTD.

13.9.1 Key Facts.

13.9.2 Business Description.

13.9.3 Products and Services.

13.9.4 Financial Overview..

13.9.5 SWOT Analysis.

13.9.6 Key Developments.

14. Appendix

14.1 About The Insight Partners.

14.2 Glossary.

LIST OF TABLES.

Table 1.             SAM Automotive Camera Market, Revenue and Forecast, 2019–2028 (US$ Million)

Table 2.             South America: Automotive Camera Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Brazil: Automotive Camera Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Brazil: Automotive Camera Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Brazil: Automotive Camera Market, By Vehicle Type– Revenue and Forecast to 2028 (US$ Million)

Table 6.             Brazil: Automotive Camera Market, By Level of Autonomy – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Argentina: Automotive Camera Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Argentina: Automotive Camera Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Argentina: Automotive Camera Market, By Vehicle Type– Revenue and Forecast to 2028 (US$ Million)

Table 10.          Argentina: Automotive Camera Market, By Level of Autonomy – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Rest of SAM: Automotive Camera Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Rest of SAM: Automotive Camera Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of SAM: Automotive Camera Market, By Vehicle Type– Revenue and Forecast to 2028 (US$ Million)

Table 14.          Rest of SAM: Automotive Camera Market, By Level of Autonomy – Revenue and Forecast to 2028 (US$ Million)

Table 15.          Glossary of Terms, SAM Automotive Camera Market

LIST OF FIGURES.

Figure 1.           SAM Automotive Camera Market Segmentation.

Figure 2.           SAM Automotive Camera Market Segmentation – Country.

Figure 3.           SAM Automotive Camera Market Overview..

Figure 4.           SAM Automotive Camera Market, By Application.

Figure 5.           SAM Automotive Camera Market, By Type.

Figure 6.           SAM Automotive Camera Market, By Country.

Figure 7.           SAM: PEST Analysis.

Figure 8.           SAM Automotive Camera Market Ecosystem Analysis.

Figure 9.           Expert Opinion.

Figure 10.        SAM Automotive Camera Market: Impact Analysis of Drivers and Restraints.

Figure 11.        South America: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        SAM Automotive Camera Market Revenue Share, By Application (2021 and 2028)

Figure 13.        SAM PARK ASSIST: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        SAM ADAS: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        SAM Automotive Camera Market Revenue Share, By Type (2021 and 2028)

Figure 16.        SAM Mono Camera: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        SAM Surround View Camera: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        SAM Rear View Camera: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        SAM Automotive Camera Market Revenue Share, By Vehicle Type (2021 and 2028)

Figure 20.        SAM Passenger Cars: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        SAM Commercial Vehicle: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        SAM Automotive Camera Market Revenue Share, By Level of Autonomy (2021 and 2028)

Figure 23.        SAM L1: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        SAM L2: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        SAM L3: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        SAM Others: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        South America: Automotive Camera Market, by Key Country – Revenue (2021) (US$ Million)

Figure 28.        South America: Automotive Camera Market Revenue Share, by Key Country (2021 & 2028)

Figure 29.        Brazil: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Argentina: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Rest of SAM: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies - South & Central America Automotive Camera Market

● Aptiv PLC

● Autoliv Inc.

● Continental AG

● FLIR Systems, Inc.

● Magna International Inc.

● Mobileye

● Robert Bosch GmbH

● Stonkam Co., Ltd.

● Valeo

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South & Central America automotive camera market

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the South & Central America automotive camera market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the automotive camera market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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