Automotive Split-View Camera Module Market Will Hit Big Revenues In Future

Overview:

Split-view camera in car is an advanced safety features that gives view of traffic or any obstacle which obstructs the car’s path from side or behind. This is one of the advanced safety trending feature in automotive industry. In terms of geography, the global automotive split-view camera module market is divided into six regions, such as North America, Europe, Asia Pacific, Middle East, Africa, and South America.

Drivers:

The global automotive split-view camera module market is expected to aid due to the increasing awareness and safety feature in an automobile, stringent rules and regulations, advanced features such as comfort and electronic equipment such as sensors, cameras inside the car, and increasing technological innovations. For instance, in September 2020, Gentex added a new feature to its camera-based rearview mirror, an in-built video recorder that automatically preserves accident footage. Moreover, engineers added a front facing camera as well as a slot in the mirror for the Digital Video Recorder (DVR) card. Furthermore, increased safety awareness among customers and stringent regulations regarding vehicular safety are expected to propel the global automotive split-view camera module market growth.

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Restraints:

High cost of module and the availability of the low-cost substitute (such as LiDAR) is expected to hamper the global automotive split-view camera module market.

Regional Insights:

In 2016, Europe held the largest share in the global automotive split-view camera module market due to rising adoption of luxury vehicles, presence of major industrial players, advanced technological developments, and increasing product & customer satisfaction.

North America is expected to witness significant growth in the global automotive split-view camera module market due to increasing adoption of automotive split-view camera module, increasing adoption of luxury and mid-segment vehicles, and increasing adoption of advanced driver assistance systems. For instance, in November 2020, Ambarella collaborated with OmniVision Technologies and Smart Eye for the development of automotive industry's first driver monitoring and videoconferencing dual-mode camera solution.

Competitive Section:

Major players operating in the global automotive split-view camera module market are Continental, Bosch, Clarion, Ford Motor Company, Delphi, Valeo, MapmyIndia, Nissan, Rear View Safety, Ambarella, and Rosco Vision Systems.

In February 2019, Bosch announced the adoption of its automotive multi-camera system to the logistics market, so as to capture logistics vehicles’ entire surroundings and result in fewer accidents.

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In December 2017, Continental announced development of its ProViu Mirror camera monitor system which merges multiple field-of-view images from different cameras into a single image for a clearer overview.

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