Automotive Camera Market 2019 Global Key Leaders: Denso, Allied Vision Technologies, Balluf, Basler AG, Autoliv, 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.

Global Automotive Camera Market – Overview

Innovations in the automotive sector have gathered momentum in the past few years, which has improved the functionality of automobiles greatly. Market focused reports related to the semiconductors and electronics sector among others recently have been made available by Market Research Future which publishes reports on this market. The market is projected to achieve revenues worth USD 19 Billion by 2023 while expanding at a 19 percent CAGR during the forecast period.

Automotive cameras are being incorporated into the design for automobiles to enable a more efficient driving experience. Developments in the field of technology have been instrumental in designing high-quality products that are sleek and ergonomic and add value to the overall worth of the end products. Enhanced features such as cruise control and night vision are few of the new features that are being demanded by consumers of the market. The growth of the luxury cars segment has prompted an expansion in the automotive camera market as well. The price of the cameras has also gone down considerably with developments in product design and escalation in the production levels of the automotive cameras respectively. The passenger cars segment of the market is estimated to be one of the major drivers for the demand of the market, especially through the forecast period.

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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

Segments:

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

By Geography:

• North America
• Europe
• Asia Pacific
• Rest of World

Regional Analysis:

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.

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.

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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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This release was published on openPR.