Global Automotive Camera Market – Overview
Innovations in the automotive sector have gathered momentum in the past few years, which has improved the functionality of automobiles greatly. Market focused reports related to the semiconductors and electronics sector among others recently have been made available by Market Research Future which publishes reports on this market. The market is projected to achieve revenues worth USD 19 Billion by 2023 while expanding at a 19 percent CAGR during the forecast period.
Automotive cameras are being incorporated into the design for automobiles to enable a more efficient driving experience. Developments in the field of technology have been instrumental in designing high-quality products that are sleek and ergonomic and add value to the overall worth of the end products. Enhanced features such as cruise control and night vision are few of the new features that are being demanded by consumers of the market. The growth of the luxury cars segment has prompted an expansion in the automotive camera market as well. The price of the cameras has also gone down considerably with developments in product design and escalation in the production levels of the automotive cameras respectively. The passenger cars segment of the market is estimated to be one of the major drivers for the demand of the market, especially through the forecast period.
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March 2018, Go Pro Inc, American based leading manufacturer of action cameras and evolves their own mobile apps and video-editing software, and Jabil Optic, also leading product solutions company which offers the electronics design, production and product management services, signed an agreement on a multi-year technology and equipment license. By this agreement, Jabil would be able to expand GoPro’s cutting-edge reference design and IP to manufacture camera lens and sensor modules for engaging the GoPro-approved third-party products and solutions.
March 2018, Basler AG, Germany based one of the leading manufacturer of high quality camera has unveiled the eight new ace U models with the Global Shutter CMOS sensors IMX287 and IMX273 from Sony’s Pregius line. These sophisticated cameras provide VGA and 1.6 megapixel resolutions and have the capability to deliver up to 520 frames per second.
Automotive Camera Market Global Market – Regional Analysis
North America is expected to dominate the global automotive camera market with the largest market share in the region. The United States and Canada are the leading countries in the region owing robust network infrastructure which helps in better connectivity. Additionally, Europe will be the second most leading region in the automotive camera market. Germany and U.K are the leading countries in the region. This is attributed to presence of large number automotive manufacturers in the country. Furthermore, Asia Pacific is the fastest growing region in the market. China, India, Japan, Thailand, Malaysia and South Korea are the leading countries in the region. This is attributed to rapid industrialization related with rising number of automobile production.
The prominent players in over the automotive camera market are – ADA-ES Inc. (U.S.), Allied Vision Technologies (Germany), Balluf (Germany), Basler AG (Germany), Autoliv, Inc (Sweden), Delhi Automotive PLC (U.K.), Denso Corporation (Japan), Robert Bosch GmBH (Germany), Valeo S.A. (France), TRW Automotive (U.S.) among others
Automotive Camera Market, Global Market – Segmentation
- Segmentation by Camera Type: Digital camera, Thermal camera, and Infrared camera.
- Segmentation by Vehicle Type comprises Passengers car and Commercial vehicles.
- Segmentation by Application: Lane Departure Warning, Adaptive Cruise Control, Blind Spot Detection, Park Assist System, Night Vision, Pedestrian Detection, Road Sign Recognition, and Driver Monitoring.
- Segmentation by Region: North America, Europe, Asia Pacific, and the Rest of the World.
- Technology investors
- Integrated device manufacturers (IDMs)
- Wearable electronics technology platform developers
- Original equipment manufacturers (OEMs)
- Smart grid integrators
- Surface mount component device distributors and providers
- Research/Consultancy firms
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TABLE OF CONTENTS
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
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