Market Research Future published a research report on “Global Automotive Camera Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India -- (SBWIRE) -- 11/28/2017 -- Market Synopsis of Automotive Camera Market
Automotive camera is a camera installed at front side, rear side, or inside a vehicle for safety purposes. Camera modules contain image sensors that are coupled with electronic components in vehicles. The factors propelling the growth of the market are growing influence of new car assessment program (NCAP), increasing demand for luxury vehicles, and demand for safety measures.
The market is segmented on the basis of camera type, vehicle type, application and geographically. The vehicle type comprises of passengers cars, commercial vehicles among others. The market for sensing cameras is expected to grow at a faster rate during the forecasted period. This could be accounted to the higher scope of application of these cameras in the advanced driver assistance systems. The market for cameras in passenger cars dominated the overall automotive market. High requirement of the product primarily in the passenger cars is expected to improve industry size.
Rising prices of vehicles along with high costs incurred at the design & testing phase is expected to act as key challenge for the automotive camera market growth.
The global Automotive Camera Market is expected to grow at approx. USD 19 Billion by 2023, at 19% of CAGR between 2017 and 2023.
The prominent players in over the automotive camera market are – ADA-ES Inc. (U.S.), Allied Vision Technologies (Germany), Balluf (Germany), Basler AG (Germany), Autoliv, Inc (Sweden), Delhi Automotive PLC (U.K.), Denso Corporation (Japan), Robert Bosch GmBH (Germany), Valeo S.A. (France), TRW Automotive (U.S.) among others
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The regional analysis of automotive camera market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World.
It has been observed that North America would be dominating the automotive camera market owing to high speed connectivity. Europe is also prominent market for product and will show immense growth in the installation of safety technologies in the passenger cars in Germany, UK, France, and Italy.
Asia Pacific will witness significant growth mainly in China, India, Japan, Thailand, Malaysia and South Korea in light of rapid industrialization along with increasing number of automobile production. In addition, rising disposable income along with high standard of living of the consumers will propel growth of automotive camera market.
Automotive camera market can be segmented on the basis of following:
By Camera Type:
- Digital camera
- Thermal camera
- Infrared camera
By Vehicle Type:
- Passengers car
- Commercial vehicles
By Application Type:
- Lane Departure Warning
- Adaptive Cruise Control
- Blind Spot Detection
- Park Assist System
- Night Vision
- Pedestrian Detection
- Road Sign Recognition
- Driver Monitoring
- North America
- Asia Pacific
- Rest of World
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- Technology investors
- Integrated device manufacturers (IDMs)
- Wearable electronics technology platform developers
- Original equipment manufacturers (OEMs)
- Smart grid integrators
- Surface mount component device distributors and providers
- Research/Consultancy firms
Table of Contents
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Automotive Camera Market, By Segments
- Competitive Analysis
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