Hybrid Cars and EVs Onboard Camera Market size was valued at USD 2.5 Billion in 2022 and is projected to reach USD 8.1 Billion by 2030, growing at a CAGR of 16.4% from 2024 to 2030.
The Hybrid Cars and Electric Vehicles (EVs) Onboard Camera Market has been experiencing significant growth due to increasing consumer preference for eco-friendly transportation solutions and the rise of smart automotive technologies. Onboard cameras are becoming crucial in the development of advanced driver-assistance systems (ADAS), enhancing safety, navigation, and driving experience for hybrid and electric vehicles. These cameras are deployed for various applications, such as collision avoidance, parking assistance, lane-keeping assist, and autonomous driving systems. As governments and automotive manufacturers push for stricter regulations on carbon emissions, the demand for hybrid cars and EVs is rising, subsequently boosting the need for onboard cameras. The market is also benefiting from the increasing integration of high-definition (HD) and 360-degree cameras, which provide more comprehensive views for drivers.
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Hybrid Electric Vehicles (HEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) have gained substantial traction as consumers seek a balance between the advantages of traditional gasoline-powered vehicles and the benefits of electric mobility. The onboard camera systems in PHEVs primarily serve to improve safety, enhance driving performance, and offer critical support for ADAS technologies. These systems monitor the vehicle’s surroundings in real-time, aiding in features like adaptive cruise control, pedestrian detection, and blind-spot monitoring. As PHEVs combine both an internal combustion engine and an electric motor, the onboard camera systems also play a key role in monitoring energy efficiency, supporting the seamless transition between the two powertrains. This combination of convenience, efficiency, and safety features is expected to drive significant growth in the PHEV segment of the market.
Battery Electric Vehicles (BEVs), entirely powered by electricity, represent a rapidly growing segment of the Hybrid Cars and EVs Onboard Camera Market. BEVs rely heavily on advanced onboard camera systems to enhance the driver’s safety and provide assistance in navigating various driving conditions, particularly in the context of autonomous driving features. These vehicles are equipped with a range of sensors and cameras that ensure efficient operation of systems like lane departure warning, parking assist, and surround-view monitoring. Furthermore, the integration of onboard cameras in BEVs aids in monitoring the vehicle's energy usage and battery status, ensuring that the vehicle performs optimally throughout the driving experience. With the continuous rise in BEV adoption due to environmental concerns and cost benefits, the demand for onboard cameras is poised for considerable growth in this segment.
Key Trends in the Market: The Hybrid Cars and EVs Onboard Camera Market is witnessing several key trends that are shaping its future. One of the most notable trends is the rapid adoption of autonomous driving technologies. The integration of AI and machine learning with onboard camera systems is enabling more intelligent and responsive vehicle systems. This includes advancements in autonomous navigation, predictive maintenance, and real-time data analysis, making driving safer and more efficient. Another significant trend is the increasing focus on multi-camera setups that provide a 360-degree view of the vehicle’s surroundings. This offers enhanced safety features, especially in parking, low-speed maneuvers, and driving in congested areas. The continuous miniaturization and improvement in camera technology are also contributing to the growth of the market by making these systems more affordable and effective for mass-market vehicles.
Opportunities in the Market: With the growing adoption of electric and hybrid vehicles worldwide, the demand for onboard cameras is expected to surge, providing numerous opportunities for manufacturers and suppliers in this space. As governments and regulatory bodies push for stricter environmental standards, the market for BEVs and PHEVs will continue to expand, creating a larger customer base for onboard camera systems. Additionally, advancements in the electric vehicle charging infrastructure and the proliferation of smart cities provide opportunities for the integration of onboard cameras into connected vehicle ecosystems. The rise in shared mobility services and autonomous vehicle testing further enhances the market’s potential, as these vehicles rely heavily on onboard camera systems for safety and operational efficiency. Furthermore, collaborations between automotive companies and technology firms are expected to fuel innovation and drive new opportunities in the market.
Frequently Asked Questions:
1. What are onboard cameras used for in hybrid and electric vehicles? Onboard cameras in hybrid and electric vehicles are used for driver assistance, safety monitoring, and enabling features like lane-keeping assist, parking assistance, and collision avoidance.
2. How do onboard cameras enhance vehicle safety? Onboard cameras provide real-time monitoring of the vehicle's surroundings, improving the effectiveness of safety systems such as blind-spot detection, pedestrian alerts, and adaptive cruise control.
3. What is the difference between HEVs, PHEVs, and BEVs? HEVs use both an internal combustion engine and an electric motor, while PHEVs can be plugged in for external charging. BEVs run entirely on electricity with no gasoline engine.
4. What role do cameras play in autonomous driving? Cameras are essential for autonomous driving as they provide visual data for systems like lane detection, pedestrian detection, and vehicle-to-vehicle communication, enabling self-driving capabilities.
5. Are onboard cameras standard in all hybrid and electric vehicles? No, onboard cameras are not standard in all hybrid and electric vehicles. However, they are increasingly becoming a standard feature in high-end and safety-focused models.
6. What trends are influencing the growth of the onboard camera market? Key trends include the rise of autonomous driving technologies, the use of multi-camera setups for 360-degree views, and improvements in camera resolution and functionality.
7. What are the benefits of 360-degree camera systems? 360-degree camera systems offer improved visibility, helping drivers with parking, low-speed maneuvers, and avoiding obstacles that might not be visible through traditional mirrors.
8. How do onboard cameras impact the cost of hybrid and electric vehicles? Onboard cameras can increase the upfront cost of vehicles; however, they also add value by enhancing safety, driving convenience, and potentially lowering insurance premiums.
9. What opportunities exist for manufacturers in the hybrid and EV onboard camera market? Opportunities include increasing demand for safety features, advancements in autonomous driving, and the growing adoption of electric vehicles worldwide.
10. How is AI used with onboard cameras in hybrid and electric vehicles? AI is used to process camera data in real time, enabling features such as object recognition, driver behavior analysis, and predictive maintenance for enhanced driving experiences.
Top Hybrid Cars and Evs 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 Hybrid Cars and Evs Onboard Camera Market
North America (United States, Canada, and Mexico, etc.)
Asia-Pacific (China, India, Japan, South Korea, and Australia, etc.)
Europe (Germany, United Kingdom, France, Italy, and Spain, etc.)
Latin America (Brazil, Argentina, and Colombia, etc.)
Middle East & Africa (Saudi Arabia, UAE, South Africa, and Egypt, etc.)
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Hybrid Cars and Evs Onboard Camera Market Insights Size And Forecast