The global demand for Automotive Camera Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Whereas with regards to volume, the market was calculated XX Kilo Units in 2021 and foreseen to touch XX Kilo Units by 2028 with a CAGR of XX% during 2022-2028.
The automotive camera functions to transfer a live video stream from one side of the vehicle to an in-vehicle display offering a rearview to the driver. Through rearview, it assists the driver for parking, maneuvering, and assesses the vehicle performance. Automotive camera systems play a crucial role in the most recent applications like forward collision warning system (FCWS), lane departure warning systems (LWDS), and blind-spot warning (BSW). It can be furthermore embedded with advanced computer vision algorithms. It serves as a replacement for a conventional mechanical wing mirror. It is a crucial component of advanced driver assistance systems.
Increasing vehicle production, government security standards, and buyer interest for more secure vehicles fuel the global automotive camera market growth. Government regulatory bodies are mandating vehicles and pedestrians safety features to reduce the probability of road accidents, boosting the adoption of automotive cameras both in light and heavy commercial vehicles. Camera systems are being deployed in an ever-increasing range of vehicles to assist drivers and augment the driving experience. Advances in camera systems allow automotive manufacturers to reimagine the vehicle silhouette through the replacement of traditional features like wing mirrors. The rising penetration of EVs and the emergence of autonomous vehicles are projected to propel market growth opportunities. However, short serving life and increase maintenance call is anticipated to hinder the growth of market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of automotive camera.
The entire automotive camera market has been sub-categorized into application, technology and vehicle type. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Park Assist System
- Lane Departure Warning System
- Adaptive Cruise Control System
- Driver Monitoring System
- Autonomous Emergency Braking System
- Blind Spot Detection
By Vehicle Type
- Thermal Camera
- Digital Camera
- Infrared Camera
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
This section covers regional segmentation which accentuates on current and future demand for automotive camera market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Automotive Camera Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive camera market include Automation Engineering Inc., Robert Bosch GmbH, Continental AG, Aptiv PLC, Stonkam Co., Ltd., Mobileye N.V., Autoliv Inc., Magna International Inc., OmniVision Technologies, Valeo. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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