Automotive Split-View Camera Module Market Is Being Primarily Driven By Increased Safety Awareness Among Customers

Split-view camera feature can be considered as an advanced safety feature in an automobile, which helps in having a view of any obstacles or traffic that obstruct the car’s path from the side, behind pr ahead of the car. Split-view makes use of real time video feeds from the wide angle lens cameras in the tailgate and griller. This enables the drivers to detect any obstacle approaching the vehicle straight on or from the side.

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One of the key trends observed in the global automotive split-view camera module market is the development of automotive split-view cameras which offer a 180 degree view. The conventional rear-view cameras that are used in automobiles generally cover a 130 degree angle that does not detect the approaching obstacles at blind junctions. Thus, auto vendors are set to offer automobiles equipped with split-view cameras offering 180 degree viewing angle which would help driving easily spot approaching pedestrians, obstacle or vehicles using tri-panel display. The global automotive split-view camera module market is being primarily driven by increased safety awareness among customers and stringent regulations across the globe regarding vehicular safety. Customers are showing inclination towards vehicles with advanced safety features, owing to which electronic equipment such as cameras, sensors and radars are being increasingly installed, even in entry-level vehicles.

The global automotive split-view camera module market can be segmented on the basis of vehicle type and geography. The market can be bifurcated on the basis of vehicle type into passenger vehicles and commercial vehicles. Passenger vehicles segment held the highest share of the global market in 2016 and is expected to maintain its dominance throughout the forecast period. The need for enhanced safety and comfort has resulted in the growing adoption and popularity of advanced driver assistance systems and adaptive cruise control. Moreover, the demand for blind sport detection systems in passenger vehicles is expected to increase during the forecast period, thereby fueling the demand for split-view cameras as the installation of these cameras are required to enable detection. The global automotive split-view camera module market can be further classified geographically into North America, Europe, Asia Pacific, South America and Middle East and Africa. Europe acquired the largest share of the global market in 2016 but the Americas are expected to account for the major market share globally by the end of the forecast period. The growth of the automotive split-view camera module market in Americas is expected to be driven by the rising adoption of mid-segment and luxury vehicles coupled with the introduction of stringent government regulations mandating the installation of back-up cameras.

There is a presence of a few international players in the global automotive split-view camera module market. The market is set to grow at a rapid pace in the coming years, fueled by the focus of auto makers to use safety systems as a differentiating factor in their product portfolio, from the competitors. This is also expected to intensify the competition in the global market in the coming years, with the emergence of domestic players in several regions which would pose a stiff competition to the global players. The report provides the market share analysis of the key industry participants operating in the industry. The global market comprises a considerable number of manufacturers. These players have been exhaustively profiled and their business overview, financial overview, business strategies and recent developments have been covered under the purview of the report. Some of the major players operating in the global automotive split-view camera module market include Robert Bosch GmbH, Ford Motor Company, Ambarella, Inc., Continental AG, and Clarion Co., Ltd. among others. Other prominent vendors operating in the market are Delphi Automotive, Nissan Motor Company Ltd., MapmyIndia, Valeo, Rear View Safety and Rosco Vision Systems.

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