Automotive Camera Market 2019 Detailed Research on Market Size, Share | Revenue, Trends, Price, Gross Margin, Profit, and Forecast to 2024 | Industry Research.co

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Automotive Camera

Automotive Camera Market” report provides an in-depth research of market-based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Automotive Camera Market is comprehensively prepared with main focus on the competitive landscape, geographical growth, segmentation, and market dynamics, including drivers, restraints, and opportunities. It also analyzes the current and future prospect of Automotive Camera Market.

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Key Insights of Automotive Camera Market:

  • Complete in-depth analysis of the Automotive Camera
  • Important changes in market dynamics.
  • Segmentation analysis of the market.
  • Emerging segments and regional markets.
  • Historical, on-going, and projected market analysis based on volume and esteem.
  • Assessment of niche industry players.
  • Market share analysis.
  • Key strategies of major players

Market Overview:

  • The global automotive camera market is expected to register a CAGR of 14.34%, during the forecast period, 2019-2024.
  • – Growing automotive safety systems, advancements in camera-based driver assistance sensors and growing aftermarket sales of parking cameras are some of the major factors driving the market growth.
  • – However, the high cost of the module has been slightly hindering the market growth. These cameras in an automotive cost almost 8 times the module in a mobile phone camera, making it a challenge for entry into the market.
  • – However, the latest advancements in the camera technology and mass production of these units are expected to bring down the price drastically, creating a scope of venture in the sector.
  • – India and China are emerging as automotive part manufacture hubs and suppliers for the western automakers and this is expected to drive the market for cameras in the Asia-Pacific region to a higher CAGR over the coming 5 years.

    Automotive Camera Market Segmentation by Top Key Players:

  • Gentex Corporation
  • Continental AG
  • Autoliv Inc.
  • Hella KGaA Hueck & Co.
  • Panasonic Corporation
  • Robert Bosch GmbH
  • Valeo SA
  • Magna International Inc.
  • ZF Friedrichshafen AG
  • Garmin Ltd.

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    Scope of the Report:

  • Cameras used for various applications like viewing front, rear and around view of the vehicle and sensing the lane path, traffic signs, objects in night vision, etc., have been considered in the scope of the market.
  • The automotive camera market study has been segmented by type and application.

    Key Market Trends:

    Sensing Camera to Witness Fast Growth

    Systems using cameras for remote sensing are gradually becoming an integral part of an active safety system in vehicles. Sensing cameras provide a higher level of performance than general-purpose driving cameras while also meeting the required automotive quality standards as cost-effective solutions. These are intelligent safety systems with two key components: the remote sensors (using remote sensing technologies) and the processing computer. 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 makes a decision, and sends commands to the vehicle subsystems.

    With the increasing adoption of ADAS features in vehicles, the demand for cameras has been increasing significantly. Owing to the above trends, the number of automotive camera shipments is expected to exceed 170 million units in the global market by 2020.

    North America Captured Largest Market Share

    Large-scale domestic automobile production and increasing government initiatives towards the integration of driver-assisted technologies in automobiles to enhance the driving experience and safety are the primary factors that have been significantly contributing to the growth of automotive cameras in the region.

    The US Department of Transportation proposed the requirement of a camera in vehicles in 2014. After years of delay, the federal regulation finally took full effect in May 2018, which mandated the deployment of rearview cameras and video displays in new vehicle models under 10,000 lbs.

    Chicago Transit Authority (CTA), estimated that the US wholesale shipments of dashboard camera (one of viewing camera types) is likely to reach 285,000 units in 2018, which was up 20% from that of 2017. The dashboard cameras are gaining immense popularity among governments and insurance companies, and they are encouraging users and automotive manufacturers to integrate the product within the internal architecture of the automotive, as they prevent accidents and deter crimes.

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    Automotive Camera Market Covers Following Points in TOC:

    • Chapter 1: Automotive Camera Market Definition
    • Chapter 2: Research Methodology of Automotive Camera Market
    • Chapter 3: Automotive Camera Market Executive Summary
    • Chapter 4: Automotive Camera Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
    • Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
    • Chapter 6: Automotive Camera Market Segmentation by Types, End-User, and Applications Forecast to 2024
    • Chapter 7: Automotive Camera Market Segmentation by Geographical Regions
    • Chapter 8: Competitive Landscape of Automotive Camera Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
    • Chapter 9: Key Players for Automotive Camera Market

     

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