Press release
Russia Automotive Camera Market Share By Top Manufacturers, and Production Forecast till 2026 | Garmin Ltd., Panasonic Corporation, Continental AG, Denso Corporation
Latest research on Russia Automotive Camera Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Russia Automotive Camera market. This report included a special section on the Impact of COVID19. Also, Russia Automotive Camera Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Russia Automotive Camera industry.Russia Automotive Camera market is growing at a CAGR of 15% during the forecast period (2021-2026).
The Russia Automotive Camera market is highly competitive and consists of a number of major players. Top Companies like Garmin Ltd., Panasonic Corporation, Continental AG, Denso Corporation, Magna International Inc., Robert Bosch GmbH, Hella KGaA Hueck & Co., Autoliv Inc., ZF Friedrichshafen AG, Gentex Corporation, Mobileye, Valeo SA
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Regional Analysis:
Furthermore, to broaden the understanding, researchers have studied the global Russia Automotive Camera market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.
Russia Automotive Camera Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.
Industry News And Developments:
- In September 2019, Denso Corporation had announced its partnership with BlackBerry to launch the first integrated HMI (Human Machine Interface) digital cockpit system with BlackBerry. The advanced software and human interaction together creates a seamless automotive user experience.
- In January 2018, Garmin Ltd., with support from Amazon Alexa, has launched Garmin Speak Plus, by adding a built-in dash camera to its innovative Garmin Speak. The in-vehicle device is enabled with Amazon’s cloud-based Alexa voice service for hands-free access to music, news briefings, sports scores, and exclusive GPS navigation from Garmin, and much more. It also includes advanced driver assistance features that include Forward Collision and Lane Departure Warnings.
- In February 2018, Garmin Ltd. had announced that it has acquired Trigentic AB, a privately-held provider of intelligent products, solutions and services in the areas of embedded systems.
Scope of the Report
- The increasing demand for automobiles, growing safety concern among customers, mandatory government norms, advanced innovation technology, rapid adoption of ADAS and availability of low-cost parking cameras and sensors in aftermarket are some of the major drivers of growth of the market.
- Customers are more likely to prefer the latest advancements in the camera technology such as 360 degrees camera that captures the image from multiple cameras and display a consolidated image on split screen.
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Key Market Trends
Sensing Camera to Experience a Significant Growth
The sensing cameras are gradually becoming an integral part of an active safety system in vehicles. The growth can be attributed to the increase in safety concern of the passengers, and strict government initiatives. Sensing cameras also provide a higher level of performance than general-purpose driving cameras by maintaining quality standards as cost-effective solutions.
These are intelligent safety systems with two key components:A remote sensor is a device that collects data about real-world conditions through sensors, such as radar, ultrasonic sensors, and cameras. The processing computer receives data from these cameras and sensors then make the decision and sends commands to the vehicle subsystems.
Passenger Cars Segment to Dominate the Market
Currently, the demand for the automotive camera market is rapidly increasing due to its adoption rate used in passenger cars. Also, it will continue its dominance during the forecast period. Advanced ADAS technologies like Adaptive cruise control (ACC), Forward Collision Warning System (FCWS) and Automatic Emergency Braking (AEB) are hindering the market growth.
The increase in this segment can also be attributed to the strict norms in Russia. Such as, the New Car Assessment Program (NCAP) norms in Russia will require all the vehicles to be installed with safety features in coming years. Another factor that is boosting the growth of the market is that, there is a presence of many car equipment manufacturers from Russia. Also, Russian car manufacturers such as Lada, Volga, Kamaz, and UAZ have achieved economies of scale and are producing devices at a cheaper rate. Various OEMs and Aftermarket companies are now introducing parking assist systems.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Russia Automotive Camera Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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