Pune, India -- (SBWIRE) -- 11/15/2018 -- The main objective of this report is to define, describe, and forecast the global "Multi-camera System" market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market. According to the report, the global multi-camera system market is projected to grow at a CAGR of 19% over the forecast period of 2018-2024.

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Increasing demand for advanced safety features in vehicles promote growth in Multi-Camera System Market.

Automobile customers are increasingly demanding advanced safety features in vehicles, thereby driving the growth of the multi-camera system market. Moreover, Government authorities formulating favorable policies to encourage major automotive manufacturers to push for technological development systems which in turn are providing rapid growth in the upcoming years.  On the other hand, the legislation in many Asian countries is mandating the installation of ADAS technology to reduce road accidents. Increasing demand for vehicles and increasing awareness of the people toward safety as well as the demand for advanced technologies in the automobiles are some other factors lifting the growth of the multi-camera system market. However, the high cost of a multi-camera system hampers the growth of the multi-camera system market. Growing Trend of Autonomous and Semi-Autonomous Vehicles is providing several growth opportunities in multi-camera system market.

MRMC launched innovative multi-camera solution for live sports capture

In October 2018, Nikon Group Company Mark Roberts Motion Control (MRCM) has debuted Polycam an innovative multi-camera system designed for live sports capture.

A portable multi-camera workflow solution, the Polycam enabled a single operator to record a match from multiple camera positions simultaneously.

Powered by MRMC's Algorithmic Camera Control, the Polycam system can accommodate up to 12 robotic cameras, and works by mapping out the playing area and the camera locations, to capture complementary shots of the action, including wide and high-tactical views, while the operator records the match on the main camera.

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Designed to provide a more dynamic visual experience, the cameras are IP connected, which means a remote operator, who can adjust and control the cameras, can use them and therefore the footage captured in real time. 

The Asia Pacific region to contribute the growth of multi-camera system market.

Asia Pacific is the fastest growing region to contribute the growth of multi-camera system market. The Asia-Pacific multi-camera system market is competitive owing to the presence of a considerable number of manufacturers that are expected to hold a larger share in the multi-camera system market. Rising standards of living and increasing population have boosted the automotive sector in Asia Pacific region. Heavy investment in research and development enables manufacturers in the European region to develop new techniques and products to tap into future market trends.

The major key players in multi-camera system Market are Continental AG, Magna, Delphi, Denso, Robert Bosch, Valeo, Samvardhana, Ambarella, NXP Semiconductors, and Clarion.

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