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Automotive Camera Market - Global Industry Analysis, Size, Share, Key Drivers, Major Manufactures Companies and Regional Trends Still 2028

02-11-2020 07:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

Automotive Camera Market - Global Industry Analysis, Size,

Automotive Camera Market to grow exponentially at a CAGR of XX % by 2028

The automotive camera market growth is expected to gain high momentum during the forecast period due to the increasing demand for luxury vehicles, developments in camera-based assistance sensors, vehicle safety systems and aftermarket sales of parking cameras, are the factors responsible for prominentgrowthofautomotive camera market.

Advances in the camera technology along with large production volume of the product are expected to drastically lower costs, generating enormous market potential in the near future.

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Segment Analysis:

Automotive camera market is segmented by application (park assist system, blind-spot detection, adaptive cruise control, autonomous emergency braking assist, others), by type (single view system, multi-view system), by technology (thermal camera, digital camera, infrared camera), and by vehicle type (passenger vehicles, light commercial vehicles, heavy commercial vehicles)

In the technology segment, thermal camera is expected to be the fastest-growing market segment in the forecast period. A thermal camera is used in a night vision device which reduces the probability of accidents. Often, these cameras can operate in adverse weather conditions such as rain, fog, and snow at night. All these factors are propelling the demand for thermal cameras.

Due to technological advances in cameras the demand for the automotive camera is expected to grow during the forecast period. The installation of cameras in vehicles has been required by various laws. In addition, growing safety and security issues among customers are expected to drive the global market for automotive camera applications.

Strategic Factors Impacting Market Growth:

o Increasing demand for luxury vehicles is leading to rising in demand for cameras

o Various legislation mandating the installation of the automotive camera to will drive its demand

Regional segmentation and analysis to understand
growth patterns:

By region, North America, Western Europe, and the Asia Pacific are estimated to dominate the automotive camera market in terms of market demand.

With many multinational manufacturers headquartered in that country, North America and Western Europe were traditional markets for the automotive sector. In these regions, the automotive sector has been competitive in terms of technological advances and product shifts. Some of the main influencing factors in this region are lightweight materials, cleaner emissions and renewable fuels. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the automotive camera market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the automotive camera market in the region.

The Asia Pacific is estimated to be the fastest-growing region for the automotive camera market during the forecast period. Despite major investments by global companies in this region, this region has been one of the lucrative markets for the automotive sector in the last few decades. In the Asia Pacific region, China, Japan, India, and South Korea were some of the largest automotive camera markets.

With the development of the region's automotive sector, the Middle East offers a strong market opportunity. Countries including the UAE, Saudi Arabia, Qatar, and Iran have, over the past few decades, diversified the industrial sector to boost the economy. During the forecast period, other regions like Eastern Europe, South America, and Africa are projected as emerging markets with increasing demand.

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Major companies playing a crucial role in the growth of this market are:
ADA-ES Inc., Autoliv Inc., Robert Bosch GmBH, Denso Corporation, TRW Automotive, and Delhi Automotive PLC

Market Segmentation:

By Application:
o Park Assist System
o Blind Spot Detection
o Adaptive Cruise Control
o Autonomous Emergency Braking Assist
o Others

By Type:
o Single View System
o Multi-View System

By Technology:
o Thermal Camera
o Digital Camera
o Infrared Camera

By Vehicle Type:
o Passenger Vehicles
o Light Commercial Vehicles
o Heavy Commercial Vehicles

By Region:

North America
o By Country (US, Canada, Mexico)
o By Application
o By Type
o By Technology
o By Vehicle Type

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Application
o By Type
o By Technology
o By Vehicle Type

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Application
o By Type
o By Technology
o By Vehicle Type

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Application
o By Type
o By Technology
o By Vehicle Type

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Application
o By Type
o By Technology
o By Vehicle Type

Rest of the World
o By Region (South America, Africa)
o By Application
o By Type
o By Technology
o By Vehicle Type

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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