New Energy Vehicle Onboard Camera Market size was valued at USD 5.6 Billion in 2022 and is projected to reach USD 15.2 Billion by 2030, growing at a CAGR of 16.6% from 2024 to 2030.
The Europe New Energy Vehicle (NEV) Onboard Camera market is experiencing significant growth, driven by increasing consumer demand for safety, enhanced driving experience, and the adoption of advanced technologies in the automotive sector. Onboard cameras play a crucial role in the growing trend towards autonomous and semi-autonomous vehicles, as well as in providing advanced driver assistance systems (ADAS). As the NEV market continues to evolve, the integration of these cameras into electric vehicles (EVs) is expected to rise, with key applications in areas such as parking assistance, collision detection, lane departure warning, and more. The market's growth is particularly significant in plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs), as these vehicle types are more likely to incorporate advanced features like onboard cameras to cater to consumer preferences for modern and safe transportation solutions.
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Plug-in Hybrid Electric Vehicles (PHEVs) are increasingly utilizing onboard cameras to provide advanced features like 360-degree visibility, lane assist, and parking sensors. The hybrid nature of PHEVs, which combines both internal combustion engines and electric powertrains, necessitates the adoption of cameras to ensure the efficient operation of ADAS functions. Cameras in PHEVs are widely used for features such as adaptive cruise control, emergency braking, and blind-spot detection, all of which enhance both the safety and convenience of the vehicle. As PHEVs continue to gain popularity in the European market, the demand for onboard camera systems tailored to hybrid vehicle needs is expected to rise. Furthermore, as regulations on vehicle emissions become stricter, PHEVs, being a blend of electric and conventional engines, are likely to remain at the forefront of the transition to more sustainable transportation solutions, further propelling the demand for advanced onboard technologies like cameras. The integration of onboard cameras in PHEVs also aligns with consumer preferences for smarter vehicles that offer better visibility and lower risks of accidents. As hybrid vehicles bridge the gap between traditional combustion engine vehicles and fully electric vehicles, onboard cameras not only enhance vehicle safety but also contribute to the vehicle's overall environmental benefits by improving driving behavior and reducing accidents, leading to less wear and tear on the vehicle. Moreover, the European automotive market is experiencing a shift towards more intelligent, connected vehicles, with PHEVs becoming a key part of this transformation. Consequently, the increased adoption of onboard cameras in PHEVs is anticipated to contribute significantly to the growth of the European NEV onboard camera market.
Battery Electric Vehicles (BEVs), being fully electric, are naturally more reliant on advanced technologies like onboard cameras for their operation. In BEVs, cameras are utilized not only for traditional applications like parking assistance and collision avoidance but also for cutting-edge features such as self-parking, automatic emergency braking, and autonomous driving capabilities. As BEVs become more popular, the need for enhanced safety features and driver assistance systems (ADAS) continues to drive the demand for onboard cameras. BEVs are also designed to be more energy-efficient, and by using lightweight cameras instead of traditional sensors, these vehicles can reduce overall vehicle weight, contributing to better performance and range. With Europe’s strong push for sustainability and carbon reduction, BEVs are becoming a crucial segment in the automotive industry, making the integration of onboard cameras even more critical to meet consumer expectations and regulatory standards. In addition to safety and performance, the BEV market is also seeing increasing demand for connectivity and autonomous features. Onboard cameras in BEVs play a pivotal role in enabling these features by providing essential visual data for the vehicle’s automated systems to interpret and act upon. As BEVs continue to evolve, the integration of cameras will be crucial for future developments in autonomous driving, making them essential for both immediate safety features and long-term advancements in vehicle intelligence. With the European Union’s ambitious goals for carbon neutrality, BEVs are positioned to be a significant part of the future of transportation, and their reliance on onboard cameras will only increase, driving market growth in the region.
Several key trends are shaping the Europe New Energy Vehicle Onboard Camera market. One of the most significant trends is the increasing focus on vehicle safety and driver assistance systems (ADAS). Consumers are increasingly prioritizing safety features in their vehicles, driving automakers to incorporate more advanced camera technologies in both PHEVs and BEVs. Additionally, the development of autonomous and semi-autonomous driving technologies is another major trend. With growing advancements in AI and machine learning, onboard cameras are becoming smarter, allowing vehicles to not only detect and respond to potential hazards but also predict and avoid accidents. This trend is being further supported by stricter safety regulations across European countries, which require automakers to integrate more safety features into their vehicles. Another key trend is the growing emphasis on electric vehicles and their associated technologies. With the European Union's green initiatives and sustainability goals, BEVs and PHEVs are expected to see increased adoption, and these vehicles are more likely to feature onboard cameras as part of their standard safety equipment. The demand for better energy efficiency and the need for lighter vehicles are also pushing the adoption of smaller, more compact camera systems that deliver the same high-quality performance without adding significant weight to the vehicle. As the market shifts towards smart, connected vehicles, the demand for more advanced and integrated camera systems will continue to rise, further fueling the growth of the onboard camera market.
There are several opportunities in the Europe New Energy Vehicle Onboard Camera market. One of the most significant opportunities is the growth of autonomous and semi-autonomous vehicle technologies. As automakers continue to push towards fully autonomous vehicles, the demand for high-definition cameras and sensor technologies will increase, creating substantial opportunities for camera manufacturers. Additionally, the regulatory environment in Europe, which mandates higher safety standards, presents a significant opportunity for camera system providers to offer solutions that help automakers meet these new requirements. Another key opportunity is the increasing integration of vehicle-to-everything (V2X) communication systems, where onboard cameras play a vital role in ensuring that vehicles are able to communicate with surrounding infrastructure and other vehicles for better safety and efficiency. The expanding market for electric vehicles also presents a huge opportunity for onboard camera manufacturers. As European governments continue to incentivize the adoption of BEVs and PHEVs, automakers are under pressure to incorporate advanced safety features to differentiate themselves in a competitive market. This provides an opportunity for camera technology companies to develop innovative solutions that cater specifically to the needs of electric vehicles. Furthermore, with the increasing interest in shared mobility and autonomous ride-hailing services, the demand for high-quality, reliable onboard cameras for fleet vehicles is expected to surge, creating new growth avenues for the industry.
What is the role of onboard cameras in New Energy Vehicles?
Onboard cameras in NEVs enhance safety by supporting features like lane assist, parking assistance, and collision detection.
Why are onboard cameras important for PHEVs?
In PHEVs, onboard cameras aid in safety features such as adaptive cruise control and emergency braking, ensuring smoother and safer driving.
How do onboard cameras improve BEV performance?
Onboard cameras in BEVs provide critical data for autonomous driving features and reduce vehicle weight, improving energy efficiency and range.
What is driving the demand for onboard cameras in the NEV market?
The demand for onboard cameras is driven by consumer preferences for safety, regulatory requirements, and the evolution of autonomous driving technologies.
How do autonomous vehicles use onboard cameras?
Autonomous vehicles rely on onboard cameras to gather visual data, enabling the vehicle's system to navigate, detect obstacles, and make driving decisions.
What safety features in NEVs rely on onboard cameras?
Onboard cameras are used in features like lane departure warning, blind-spot detection, and collision avoidance systems in NEVs.
What are the key trends in the NEV onboard camera market?
Key trends include the rise of autonomous driving, stricter safety regulations, and the increasing integration of smart vehicle technologies.
Are BEVs more reliant on onboard cameras than other vehicles?
Yes, BEVs are more reliant on onboard cameras for autonomous driving, energy efficiency, and safety features due to their electric powertrains.
How will regulatory changes impact the NEV onboard camera market?
Regulatory changes mandating higher safety standards will increase the demand for advanced onboard camera systems in NEVs across Europe.
What opportunities exist for onboard camera manufacturers in Europe?
Opportunities include growing demand for autonomous vehicles, stricter safety regulations, and the rising adoption of electric and hybrid vehicles in Europe.
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Top Europe New Engergy Vehicle Onboard Camera Market Companies
VDO
Supepst
Philips
HP
Garmin
Blackvue
Eheak
Samsung-anywhere
Incredisonic
Auto-vox
Cansonic
Papago
DOD
DEC
Blackview
Jado
Careland
Sast
Kehan
DAZA
GFGY Corp
Wolfcar
MateGo
Newsmy
Shinco
Regional Analysis of Europe New Engergy Vehicle Onboard Camera Market
Europe (Germany, U.K., France, Italy, and Spain , etc.)
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