Automotive Camera Market Leveraging Growing Demand for Virtual A-Pillar
Owing to the rising demand for drive
assistance sensors and parking cameras, the automotive
camera market is expected to grow significantly. Additionally, automotive
cameras are found to provide a better driving experience. According to a recent
publication by IndustryARC, in 2018, the global automotive camera market size
was $11.34 billion and the demand is projected to grow at a healthy compound
annual growth rate (CAGR) of 9.75% during the forecast period of 2019 to 2025.
This resonates with the findings that
are documented in the recent business publication by IndustryARC titled
Automotive Camera Market - Industry Analysis, Market Size, Share, Trends,
Application Analysis, Growth and Forecast (2019 – 2025).” The report also
documents that high requirement of this product is certainly needed in
passenger cars which will propel the automotive camera market demand.
Automotive Camera Market: Demand Analysis and Growth Forecast
Automotive camera, car DVR, or driving recorder is a camera that continuously records the view from the vehicle’s windscreen, rear camera, or windows. Furthermore, a rare-view mirror dash camera is high-quality visibility. Nowadays, there is a mirror dash came that can record video. Some dash-cameras are even used to record the interior view of the car in 360degree. However, the advanced driver-assistance systems aid the drivers in the process of driving.
Automotive Camera Market: Leading Segments
Europe had the largest share of the global automotive camera market in 2018. In countries like Germany and Berlin, ADAS camera has become mandatory for a few years due to stringent rules laid by the government. The strict rules are implemented for vehicles and road safety regulations due to the growing population and the demand for the vehicle. Owing to this, the European Union is particular about lane departure system, driver monitoring system, and park assist system. Subsequently, this led to Europe’s highest regional automotive camera market share of 26.37% as of 2018.
However, the key application segment in
the global automotive camera market is cited as the driver monitoring system
and park assist system by the IndustryARC’s analysts. The estimated
opportunities for the growth in this application is anticipated to observe an
impressive CAGR of 11.41% during the aforementioned forecast.
Automotive Camera Market: Market Trends and Drivers
This new technology captures the head movements of the driver using an interior camera placed above the steering wheels. It also captures the live video of the vehicle’s external environment with the camera located on the vehicle’s exterior. It gives a view of a window rather than a live video to the driver.
It is an era of Multi-Gigabit Ethernet for autonomous vehicles. The vehicle’s sensors and the camera is calibrated to collect the huge amount of data that is instantly processed to ensure safety that can be made by the vehicle. Such requirements are driving the growth of the automotive camera market.
Radar is placed behind the car sheet metal. It is one of the most reliable technology as it can capture the view of hundreds of yards and can grasp the speed of all the objects spotted around. This has increased the demand for automotive camera in the market.
Automotive Camera Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding the majority shares in the global automotive camera market are Continental AG, Magna International Inc, Mobileye N V, Omnivision Technology Inc, Robert Bosch Gmbh, Valeo, Aptiv Plc, Autoliv, Inc, Automation Engineering Inc, Stonkam Co , Ltd.
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Vehicle Camera Market
Smart Camera Market
What can you expect from the
The automotive camera market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories
& Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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