Global Automotive Camera Market Set to Grow at Healthy CAGR of 10.75% by 2026


Posted August 19, 2019 by kelvindbmr

Global Automotive Camera Market is expected to rise from its initial estimated value of USD 7.38 billion in 2018 to a projected value of USD 16.70 billion by 2026, registering a CAGR of 10.75% in the forecast period of 2019-2026.

 
Global Automotive Camera Market is expected to rise from its initial estimated value of USD 7.38 billion in 2018 to a projected value of USD 16.70 billion by 2026, registering a CAGR of 10.75% in the forecast period of 2019-2026. Automotive cameras are an electronic device or equipment that help in the visual aids of the individuals driving the vehicles as well as the implementation of autonomous driving systems such as driver monitoring, park assist, blind spot detection. These cameras have the capabilities to interact with their surroundings and identify any possible collision threats and inform them to the driver.

Competitive Analysis: Global Automotive Camera Market

Global automotive camera market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive camera market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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Key Market Competitors: Global Automotive Camera Market

Few of the major competitors currently working in the automotive camera market are Continental AG; Robert Bosch GmbH; Valeo; Aptiv; Magna International Inc; Ficosa Internacional SA; Autoliv Inc.; Mobileye; Clarion; OmniVision Technologies, Inc.; Veoneer Inc.; Ambarella; ZF Friedrichshafen AG; AEi Boston and STONKAM CO.,LTD.

Market Segmentation: Global Automotive Camera Market

• By Technology (Digital Camera, Infrared Camera, Thermal Camera),
• By View Type (Single View System, Multi-View System),
• By Application (Driver Monitoring System, Park Assist System, ADAS, Blind Spot Detection, Others),
• By Vehicle Type (Passenger Vehicles, Commercial Vehicles),
• By EV Type (BEV, PHEV, HEV),
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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Market Drivers:
• Increasing adoption of ADAS in vehicles due to the prevalence of IoT in automobiles
• Growing cases of accidents and road fatalities involving blind spots in vehicles; the incorporation of automotive camera helps in eliminating such blind spots, this factor is expected to drive the market growth

Market Restraints:
• High cost of installation and maintenance of these cameras is expected to restrain the market growth

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Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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Issued By Data Bridge Market Research
Country India
Categories Blogging , Business , News
Tags Automotive Camera Market , Automotive Camera , Automotive Camera Market Trends , Automotive Camera Market Industry , Automotive Camera Market Research
Last Updated August 19, 2019