Vehicle Camera Market Global Trend, Segmentation and Opportunities Forecast to 2024

With the growing dependence on video surveillance for safety purposes, the demand for vehicle cameras is expected to grow during the forecast period. The growth of the global vehicle camera market is driven by the constantly increasing population and advancements in complementary metal oxide semiconductor (CMOS) image sensors used in automotive cameras. The changing focus of manufacturers towards replacement of side view mirrors with cameras is another factor behind the growth of the global market. The demand for vehicle camera is also driven due to the various advantages offered by such cameras, especially when used in the case of accidents and theft evidence. Moreover, most automotive cameras are equipped with features, such as G-sensors, global positioning system (GPS), night video recording, and loop recording and high-quality day.

The advancements in various driver assistance and safety systems especially in lane departure warning system (LDWS) and blind spot detection system (BSD) are driving the growth of the global vehicle camera market. The computer-vision-based blind spot detection system uses digital camera imaging technology to sense the presence of vehicles in blind zones, as cameras mounted on, or near the outside rear-view mirror housings on both sides of the vehicle provide views of the blind zones to the system. LDWS warns the driver of a lane departure, when the vehicle's turn signal is not activated and the vehicle is travelling above a definite speed.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/vehicle-camera-market/report-sample

The inclination of insurance companies and government towards the installation of vehicle cameras is also driving the growth of the global vehicle camera market. This is due to the fact that video recordings from the cameras of vehicles help insurance companies to block false claims. The growing partnerships with vehicle manufacturers to develop vehicle camera with superior features, such as night vision is expected to boost the growth of the market for vehicle cameras in the near future. However, the government restriction on vehicle cameras in several countries of Europe is expected to hamper the growth of the market.

Autoliv Inc., Continental AG, Qrontech Co. Ltd., Ficosa International S.A., KYOCERA Corporation, Transcend Information Inc., Valeo Inc., Robert Bosch GmbH, Delphi Automotive LLP, Media Data Systems Pte Ltd. are some of the major competitors in the global vehicle camera market.

Make Enquiry Before Buying the Report@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=vehicle-camera-market

Market Segmentation:

By Type
Passenger cars
Light Commercial vehicles (LCV)
Heavy Commercial vehicle (HCV)

By End-use Application
Transportation Vehicles
Government and Defense Vehicles
Private Vehicles
Others(Fire Rescue, Healthcare and Sports Vehicles)

By Price
Affordable (upto US$ 100)
Mid-range (US$ 100 to US$ 200)
High-end (above US$ 200)

By Technology
Infrared
Digital
Thermal

Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.