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Automotive AHD external high - definition side view blind spot onboard camera
Market space for in car cameras
According to Yole's disclosed car route map with the improvement of
autonomous driving the number of in car cameras will continue to
increase in the future . It is expected that by 2024 the number of
bicycle cameras will reach 11 and the market size will also
increase in the future . From the perspective of segmented sales of
in car cameras the overall number of in car cameras worldwide is
168 million by 2025 with sales of approximately 52 million front
view cameras 65 million rear view cameras and 24 million surround
view cameras respectively . From the overall penetration rate of in
car cameras by 2025 the penetration rates of front view cameras
rear view cameras and surround view cameras in new car assembly
will reach 55% 69% and 26% respectively Overall there is a vast
market space for future front and rear view cameras
With the increase in penetration rate of in car cameras the market will experience a boom period from 2020 to 2025 . According to ICVTank data the global and Chinese car camera markets are expected to reach 27 billion US dollars and 23 billion yuan respectively by 2025 . From 2020 to 2025 the global and Chinese compound growth rates were 15.74% and 32.18% respectively and the growth rate of the Chinese car camera market was significantly higher than the global level