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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
A cutting-edge technology that is gaining popularity in the market for vehicle cameras in computer vision. Due to the proliferation of digital technologies in-vehicle cameras that support applications like parking assistance, blind spot recognition, and adaptive cruise control, among others, automotive firms are on the lookout for potential value-grab possibilities in the market.
The market for electric vehicle (EV) cameras is expanding as a result of rising passenger car sales, vehicle electrification and hybridization, and rising EV manufacturing.
North America is the ideal location for automakers to set up their production facilities due to government regulations that encourage industrial expansion and an ever-growing population. Due to these reasons and rising passenger car sales and marketing, North America has emerged as a significant area of the global automotive camera market.
The US EV Camera market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2029, registering a CAGR of XX% from 2024 to 2030.
The electronic components division of Samsung Group, Samsung Electro-Mechanics Co., has secured a multi-billion dollar contract to provide camera modules to Tesla Inc. for the majority of the US company's electric vehicles.
In order to get the contract, the South Korean business outbid rival LG Innotek Co. from across the street and Taiwan's Primax Electronics Ltd.
With this agreement, Samsung Electro-Mechanics secures its position as Tesla's top supplier of camera modules and signs its single largest contract in company history.
Samsung's version 4.0 camera modules, which have 5 million pixels and display five times sharper images than the company's prior 3.0 modules, will be the components given this time. Samsung intends to create the most recent camera modules in bulk.
Samsung will provide its most recent camera modules for Tesla's Model 3 car, Model S sedan, Model X SUV, Model Y crossover, as well as electric vehicles like the Cybertruck and the Tesla Semi over the course of the next few years.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application,2024-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |