Research findings The global automotive camera market is expected to register a 19% CAGR between 2012 and 2017. The volume share is 69%, and the percentage share is 14. Regulatory mandates mandating the use of automotive cameras are credited with contributing to market growth. Increase in the number of road accidents due to the increased use of autonomous vehicles.
Data Bridge Market Research provides insight and analysis of the automotive camera market. An analysis of the various factors expected to affect the market during the forecast period, along with their impacts.
Automotive camera are devices that are used as visual aids for drivers. They are monitoring the driver and detecting blind spots. With these cameras, the driver is notified when any possible collision threats arise and can take action if needed.
Over the forecast period, 2021 to 2028, the automotive camera market boasts considerable growth potential. Governments in developing countries are stepping up their initiatives to enhance vehicle safety. In addition, luxury vehicles increasingly integrate convenience cameras as part of their technology.
Increasing consumer interest in active safety systems is another factor spurring growth for automotive cameras. A government regulation requiring strict safety standards for vehicles is also essential.
Furthermore, pedestrian concerns are growing. The automotive camera market will also develop during the forecast period owing to increasing passenger safety. This demand for ADAS will also grow with the incorporation of the technology in commercial and passenger vehicles.
Surround-view systems are at risk of being challenged by the constraints in real-time image processing. Additionally, there has been an increase in autonomous systems and the growing demand for multi-camera systems in emerging markets. In addition, the automotive camera market is expected to offer a variety of opportunities for growth in the forecast period. The report provides an overview of the newest automotive camera technologies.
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As well as examining lucrative revenue opportunities, the report studies market regulations for any changes.
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Data Bridge Market Research can provide you with an Analyst Brief on the automotive camera market.
Parking assistance is the primary use of automotive cameras. It also analyzes car performance, gathers critical evidence, and provides night vision.
Within the last three years, there has been a proliferation of autonomous and semi-autonomous vehicles. They could also take over a substantial portion of the market in the future.
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By introducing a platform based on artificial intelligence, autonomous vehicles become more mainstream. The system’s performance and safety are thereby improved. It allows the use of autonomous driving to take place sooner.
Market Scope And Market Size
Market segments for automotive cameras are based on technologies and view types. So, the kinds of autonomy, applications, vehicles, and electric vehicles. Identifying niche growth pockets and strategies can be determined by analyzing the growth among segments. Assess the market, choose the differentiating factors in your target markets and assess your core applications.
- Automotive cameras are categorized into two types of view systems based on their type of view.
- The automotive camera market can be segmented by application into driver monitoring systems.
- So, park assist systems, ADAS, blind spot sensors, and night vision systems.
- There are also segments for car cameras based on the type of vehicle.
- There are vehicles in all price ranges, including economy, mid-priced, and luxury vehicles.
- Automotive cameras are segmented by electric vehicle type, such as battery electric vehicles.
An assessment of the global market for automotive cameras is included in this report.
- The United States and Canada
- The European Union
- Rest of the world.
According to the forecast, North America will hold the largest market share. The automotive industry is experiencing increased competition and enhancing road safety standards through initiatives undertaken by federal agencies. It is expected to contribute to sales of components and cameras used in driving systems in North America over the next few years. There is no test for this.
Several companies are expanding their presence in different countries. As a result, global automotive camera markets are experiencing intense competition. The international level of market penetration has also increased as a result.
In addition, the advertising costs are higher. The number of players producing and promoting products increased significantly. So, intensifying competition between the two industries. Denso, Robert Bosch GmbH, Continental AG, and others are some of the market leaders.
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