Multi Camera System Market Analysis From 2018 To 2023. Multi Camera System Market by Function (Parking and ADAS), by Vehicle Type (Passenger Vehicle and Commercial Vehicle), by Display (2D AND 3D) and by Regions - Global Forecast To 2023.

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Global Multi Camera System Market Highlights:

Multi camera system market has witnessed significant growth, in recent times, mainly, due to the advent of advanced technology being integrated in vehicles such as advanced driver assistance systems.  Rapidly rising safety concerns among individuals and increased emphasis by the insurance companies the market for multi camera systems have propelled the market growth. Increasing demand for vehicles and the corresponding increasing production, are expected to contribute in the growing multi camera system market. Rapidly developing infrastructure across the globe to accommodate the changing tide in the automotive industry will have a positive impact on the multi camera system market. With government authorities formulating favorable policies to encourage major automotive manufacturers to push for technological development, the market for multi camera system is poised for rapid growth during the forecast period.

High initial costs associated with multi camera systems, may act as a major restraining factor in the market.

The global multi camera system market has been segmented on the basis of function as Parking and ADAS. On the basis of vehicle type the market has been segmented as passenger vehicle and commercial vehicle. On the basis of display the market has been segmented as 2D and 3D. On the basis of region the market for multi camera system has been segmented as North America, Europe, Asia Pacific, Middle East & Africa and South America.

The key players of global multi camera system market are Bosch (Germany), Continental (Germany), Delphi (UK), Magna (Canada), Samvardhana Motherson Reflectec (Germany), Valeo (France), Clarion (Japan), Texas Instruments (US), NXP Semiconductors (Netherlands), OmniVision Technologies (US), Xilinx (US), and Ambarella (US). In 2016, these companies accounted for a share of XX% of the global market.

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