Automotive Camera Cleaning System Market to Cross Valuation of US$ 1.6 Bn and to expand at a CAGR of 17.5% from 2021 to 2031
The global automotive camera cleaning system market was valued over US$ 266.8 Mn in 2020. It is estimated to expand at a CAGR of 17.5% from 2021 to 2031. Every year, the lives of approximately 1.3 million people are lost as a result of road accidents. Between 20 and 50 million people suffer from non-fatal injuries, with many incurring a disability as a result of their injury. In most of cases, drivers of these vehicles are at a high risk. Taking into consideration the safety of drivers, numerous safety measures have been taken by the automobile industry. The installation of a camera cleaning system in an automobile is one such step to ensure the safety of drivers. Regular use of passenger and commercial vehicles leads to the deposition of dirt or snow on the camera, which, in turn, reduces visibility and disturbs the front and rear view of car; consequently, the driver of the vehicle is prone to cause an accident.
The automotive camera cleaning system cleans the camera at regular intervals. The system also prevents dust, water, etc. from accumulating on the camera and provides the driver with a clear view of front and rear side of the vehicle. Hence, this system ensures the safety of drivers.
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Expansion of Automotive Camera Cleaning System Market
In modern vehicles, the integration of camera-based systems is increasing at a notable pace. The rising demand for comfort and safety has led to an increase in integration of several cameras in vehicles. These cameras and sensors in passenger or commercial vehicles can help automakers to develop further innovations in autonomous driving. These camera systems are primarily utilized to aid drivers with parking, navigation, and assessing vehicle performance. They also play an important role in newer applications such as Lane Departure Warning Systems (LWDS), Forward Collision Warning Systems (FCWS), and Blind Spot Warning Systems (BSW).
Safety features, such as blind spot detection, lane keep assist, and other ADAS-based technologies depend exclusively on the automotive camera. Since multiple ADAS (Advance Driver Assistance System)-based technologies depend on camera, malfunction of the camera due to deposition of mud, fog, or dirt may affect the functioning of the vehicle. Consequently, the installation of camera cleaning systems is likely to increase during the forecast period. For instance, with 16 cameras and sensors, the 2019 Kia K900 was built to eliminate blind spots. Cameras on the outside of the car offer a clear view of the blind spots on the digital dashboard. Thus, the rising integration of camera in modern vehicles is anticipated to drive the automotive camera cleaning system market.
An autonomous car whose camera/sensors are dirty cannot be driven safely. The cameras and sensors of an autonomous vehicle must be perfectly clean to provide clear and total visibility in all conditions and for infallible security. The number of surrounding sensors, such as cameras, installed in cars is estimated to rise in the near future, as the level of automation increases. Furthermore, these systems are expected to be essential for the development of autonomous vehicles and consequently, their cleaning as well. Cleaning of the cameras (optical sensors) and sensors would be critical to the safety of autonomous vehicles and hence, the demand for camera cleaning systems is projected to expand at a rapid pace, owing to the development and expansion of autonomous vehicles.
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Automotive Camera Cleaning System Market: Opportunities
The adoption of automotive camera cleaning systems is expected to be significantly high in cold regions, owing to higher chances of deposition of snow and mud on camera lenses. Moreover, regions that experience extreme cold, such as North America and Europe, witness high penetration of assistance cameras in vehicles. Consequently, these regions offer significant opportunities for the adoption of the camera cleaning systems in vehicles.
In the U.S., the Federal Government’s National Highway Traffic Safety Administration (NHTSA) has mandated the backup camera for all vehicles of under the 10,000 pound category. Therefore, the integration of backup cameras in the U.S. is likely to increase during the forecast period. Furthermore, the European Commission has proposed to make the installation of reversing camera mandatory by 2022, which, in turn, is projected to boost the demand for the automotive camera cleaning systems in Europe post 2022. Therefore, technology providers should focus on the region to consolidate their position in the market. The demand for blower type camera cleaning and sensor cleaning systems is projected to rise for camera/sensors mounted on the protected parts of vehicles.
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Regional Analysis of Automotive Camera Cleaning System Market
In terms of region, the global automotive camera cleaning system market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe led the global automotive camera cleaning system market, and it is anticipated to maintain its dominance during the forecast period. The higher market share held by the region can be primarily attributed to the increase in awareness about safety and security and usage of cameras for vehicle safety in applications such as 360 camera system and parking camera system. Followed by Europe, Asia Pacific accounted for the second-largest share of the global automotive camera cleaning system market.
Automotive Camera Cleaning System Market Players
Prominent players operating in the global automotive camera cleaning system market include Continental AG, Denso Corporation, dlhBOWLES, Ficosa Internacional SA, KAUTEX TEXTRON GMBH & CO. KG, MAGNA ELECTRONICS INC., MS FOSTER & ASSOCIATES, INC., Panasonic Corp., Seeva Technologies, Shenzhen Mingshang Industrial Co., Ltd., Valeo SA, and Waymo.
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