September 9, 2019

Automotive Camera Market

Global Automotive Camera Market, Camera Type, Vehicle Type and Application Type and by Regions with Forecast To 2023, published by Market Research Future, the Global Automotive Camera Market will Grow with a 19% CAGR over the forecast period 2023.

Automotive Camera Market Global Market- Overview

Automotive camera are the type camera which are installed in vehicle particularly in commercial and passenger vehicles. The automotive camera are generally installed at front side, rear side, or inside a vehicle for safety purposes. The camera modules include image sensors which are integrated with electronic components in vehicles. These camera offers wide range of applications such as during parking, cruise control, and night vision. With the active involvement of the manufacturers associated with the technological advancement in automotive sector, camera-based automotive systems have been evolved new technology in the automotive vehicles such as driver assistance systems, night vision and many more. With the advent of camera technology associated with increased production output is expected to reduce the manufacturing cost of automotive camera which is presumed to increase the growth of automotive market over the forecast period.

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Global Automotive Camera Market – Segmentation

The MRFR analysis is segmented into four key dynamics for the convenience of understanding;

By Camera Types : Comprises Infrared, Thermal and Digital among others.

By Application Types: Adaptive Cruise Control, Lane Departure Warning, Blind Spot Detection, Night Vision, Park Assist System, Pedestrian Detection, Driver Monitoring, and Road Sign Recognition among others.

By Vehicle Types: Passenger car, Commercial, and Heavy Vehicles among others.

By Regions: North America, Europe, APAC, and the Rest-of-the-World.

Key Players:

Some of the eminent players leading the market include Allied Vision Technologies (Germany), ADA-ES Inc. (US), Balluf (Germany), Autoliv, Inc (Sweden), Basler AG (Germany), Delhi Automotive PLC (UK), Robert Bosch GmBH (Germany), Denso Corporation (Japan), TRW Automotive (US), and Valeo S.A. (France).

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Global Automotive Camera Market – Geographical Analysis

The North America region is projected to retain its hegemony over the global automotive camera market followed by Europe region. This growth attributes to the high standard of living of people in the region.

Europe is also the prominent market for the product and will show immense growth in the installation of safety technologies. The growing passenger cars markets in Germany, the UK, France, and Italy will majorly support the market growth in the region.

The automotive camera market in the Asia Pacific region will witness significant growth emerging as a promising market in terms of size. Additionally, the rising disposable income will propel the growth of automotive camera market in the APAC, improving the standard of living of the consumers.

In light of rapid industrialization, the increasing number of automobile production mainly in China, India, Japan, Thailand, Malaysia, and South Korea will provide impetus to the market growth.

Industry/Innovation/Related News:

September 12, 2018: Lexus (Japan), the luxury vehicle division of automaker, Toyota announced the launch of digital outer mirrors (camera-based mirrors), calling it the world’s first application of such kind. These camera-based mirrors will replace the traditional side mirrors with sleek digital cameras which will improve safety, visibility, and cabin solitude.

The idea has long been proposed by stylists and engineers wanting sleeker looks and improved safety; this will also improve a vehicle’s fuel efficiency because the camera setups have lower wind resistance. Releasing these camera-based mirrors in Japan on the ES model, the automaker will review the market feedback before determining to the expansion of the system to the nameplates.