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Global Automotive Cameras Market

04-03-2019 11:48 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Maximize Market Research

Global Automotive Cameras Market is expected to reach US$ 28Bn by 2026 from US$ 12Bn in 2017 at CAGR of 11.17%.

The increasing road accidents, traffic congestion, change in consumer preferences and stringent government regulations have resulted in improved demand for automotive cameras for the vehicles. The major key factors contributing to the growth of the market are the technological advancements in the cameras along with the reduction in prices at the same time, the introduction of numerous road safety regulations by the government of various countries and the benefits which can be availed in claiming insurance from the insurance companies.

Moreover, a rise in the trend of installing advanced driver assistance system (ADAS) and legislation mandating fixing of cameras in vehicles are projected to provide potential growth opportunities for the market. The high cost of the automotive camera is expected to restrain market growth over the upcoming years.

Base on the vehicle type, high requirement of the product primarily in the passenger cars is expected to boost industry size. China and India are likely to drive product demand in light of increasing automotive part manufacture hubs and a large number of suppliers in the market.

On the basis of technology, sensing camera is leading the market. Sensing cameras in driver assistance systems, as well as the growing demand for advanced technologies in automobiles, are some of the important factors responsible for the growth of the automotive camera market. Furthermore, automotive cameras are sensitive enough to sense harsh driving conditions and assist drivers in controlling the vehicle. This factor is anticipated to support the growth of the said automotive cameras market.

In terms of the region, North America region is expected to dominate the global automotive cameras over the forecast period owing to the existence of countries such Canada and the U.S. In these developed countries numerous insurance companies have started providing various schemes such as in-car camera incentive program.

The safety regulations introduced by the government in North America region has encouraged the customers to install these cameras in the vehicles. The Asia Pacific region is expected to grow due to factors such as the increasing number of accidents in the region along with the rising awareness for benefits of installation of vehicle cameras such as protection from thieves.

Key players operating in the global automotive cameras market, Aptiv Plc., Robert Bosch GmbH, Veoneer, Inc., Siemens AG, Magna International, Inc., Valeo S.A, Omnivision Technologies Inc., ZF Friedrichshafen AG (TRW Automotive), and Ambarella, Inc.

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Scope of the Global Automotive Cameras Market

Global Automotive Cameras Market, by Application

• Park assist system
• Driver monitoring system
• Blind spot detection
• Night vision system
• Others

Global Automotive Cameras Market, by Technology

• Infrared Camera
• Sensing Camera
• Digital Camera
• Others

Global Automotive Cameras Market, by Vehicle Type

• Passenger Car (PC)
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)

Global Automotive Cameras Market, by Sales Channel

• After Market

Global Automotive Cameras Market, by Product Type

• Rear-View Enhancement
• Side-View Cameras
• Forward-View Cameras
• Interior-View Cameras

Global Automotive Cameras Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Key players operating in the Global Automotive Cameras Market

• Aptiv Plc.
• Robert Bosch GmbH
• Veoneer, Inc.
• Siemens AG
• Magna International, Inc.
• Valeo S.A
• Omnivision Technologies Inc.
• ZF Friedrichshafen AG (TRW Automotive)
• Ambarella, Inc.
• Panasonic Corporation
• Hella
• Ficosa International S.A.
• Delphi Automotive PLC
• Sony Corporation
• Denso Corporation
• Mobileye
• Continental AG
• Autoliv, Inc.
• Valeo S.A.
• TRW Automotive
• Aisin Seiki
• McNex Co., Ltd.
• Qrontech Co. Ltd.

This information is reported by

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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