Automotive Camera Market 2018 Global Leaders Analysis: Denso Corporation, Allied Vision Technologies, Balluf, Basler AG, Autoliv, Robert Bosch GmBH, TRW Automotive, Delhi Automotive PLC

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.

Market Scenario

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.

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Industry Updates:

May 2018 JVC Kenwood which is a Japanese electronics maker is planning to raise the production of its automotive cameras fueled by strong sales in its region as well as to support its plans to expand overseas. The change in their strategy is a part of the company’s strategy which is based out of Yokohama, Japan to fuel the manufacturing of automotive cameras, comprising of dashboard cameras as well which will enable new opportunities.

Key Players:

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

Competitive Analysis

The constant delivery of customer value is enhancing the market value of the industry. The market contenders are devising their blueprints for corporate strategy in a way can bring about the best results for development in the current scenario, while also concurrently enhancing their product’s value. The opportunity for growth in the market appears to be promising through the forecast period. The capability to fuel competitive capabilities is one of the chief causes powering their efforts in this period. The escalating levels of diversification in the industry, have allowed the companies to utilize many opportunities available in the industry. The firms in this market are adapting to the state of events by implementing portfolio upgrades and maintaining financial liquidity. Moreover, the contenders are handling the competitive environment by driving the market growth factors to their advantage.

Industry Segments

The automotive camera industry globally is segmented on the basis of vehicle type, camera, application type, and geography. The vehicle type segment of the market is divided into passenger car and commercial vehicles. The camera types segment of the industry comprises of a digital camera, thermal camera, and infrared camera. Adaptive cruise control, pedestrian detection, lane departure warning, park assist system, night vision, blind spot detection, road sign recognition and driver monitoring are the segments on the basis of application types present in the industry. The geography-based segmentation of the industry presents regions such as North America, Europe, Asia Pacific and Rest of World.

Detailed Regional Analysis

Asia Pacific, North America, Europe and Rest of the World are the regions that are being observed in the regional analysis of the automotive camera market. The North American region is assessed to be dominating the automotive camera industry due to connectivity at high speeds. The European region is also a noteworthy market for this product category and is expected to show growth at an enormous level of development in the installation of safety technologies in passenger cars in nations such as UK, France, Germany, and Italy.The Asia Pacific region will observe substantial growth chiefly in nations like India, Malaysia, Japan, China, Thailand and South Korea because of the rapid industrialization scale coupled with growing numbers especially in the production of automobiles. Also, growing disposable income levels combined with high standards of living of the customers will provide huge motivation for the growth of the automotive camera industry.

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Intended Audience

• 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

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