(MENAFN- Ameliorate Digital Consultancy) Automotive Camera Market 2022
New Study Reports “Automotive Camera Market 2022, Global Segmentation, Demand, Growth, Trend, Opportunity Forecasts 2025 ” has been Added on PMR.
Report Overview
The report published on automotive camera market is a comprehensive analysis that includes the key parameters and indicators critical in understanding the market. The data from the years 2022 to 2030 has been used to present the market status and size. The study also covers the overall market valuation along with the CAGR for the forecast period. The introductory chapter presents an overview of Automotive Camera Market along with the product definition and market scope. The report also analyzes consumer trends regarding the products along with the industry development trends.
The Automotive Camera Market is expected to witness significant growth owing to the increase in demand for drive assistance sensors and aftermarket sales of parking cameras. Automotive cameras are used for various applications in automobiles, especially in passenger vehicles, such as night vision systems, cruiser control systems, etc. Automotive cameras be can installed on the front and rear sides of a vehicle as well as inside it for safety purposes. Externally mounted cameras help in maintaining a safe distance from leading vehicles, identifying pedestrians and avoiding them and tracking road edges. They also provide enhanced night vision using HUD. Internally mounted cameras detect drowsy drivers and set off an alarm and identify the occupant on passenger seat for the proper deployment of an airbag. Furthermore, automotive cameras give better driving experience and enhance the rear and front view of the driver.
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Automotive Camera Market: Dynamics
Increasing influence of new car assessment programs (NCAP) is one of the key factors expected to boost the growth of the global automotive camera market in the upcoming years. Growing demand for passenger cars coupled with increasing awareness regarding safety is accelerating the demand for automotive cameras in automobiles, which, in turn, is expected to fuel the growth of the automotive camera market.
Increasing demand for sensing cameras in driver assistance systems as well as increasing demand for advanced technologies in automobiles are some of the important factors responsible for the growth of the automotive camera market. Moreover, automotive cameras are sensitive enough to sense harsh driving conditions and assist drivers in controlling the vehicle. This factor is anticipated to support the growth of the said market.
However, high initial installation cost of automotive cameras in automobiles can act as a restraint to the sales of automotive cameras. Moreover, rising prices of vehicles along with the high cost incurred during designing and testing of these cameras may hamper the growth of said market in future.
In the current scenario, addition of rear and side view mirrors with automotive cameras in passenger cars is increasing, which, in turn, is expected to increase the OEM and aftermarket sales of automotive cameras. This factor will become a driver for the automotive camera market during the forecast period.
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Automotive Camera Market: Segmentation
| basis of application | Park assist system Driver monitoring system Blind spot detection Night vision system Others |
| basis of technology type | Infrared Camera Thermal Camera Digital Camera |
| basis of vehicle type | |
| basis of sales channel | |
Automotive Camera Market: Regional Outlook
Among all regions, North America is expected to dominate the automotive camera market owing to increasing demand for luxury vehicles in the U.S. and Canada. This, coupled with increasing installation of advanced driver-assistance systems (ADAS), is estimated to boost the demand for automotive camera market in the upcoming years.
Europe holds a prominent share in the automotive camera market due to the presence of a large number of automobile manufacturers in the region. Similarly, owing to increasing disposable income of the middle class population, growing standard of living as well as increasing demand for automobiles, Asia Pacific is also expected to contribute a considerable share throughout the forecast period. Latin America, Middle East and Africa are projected to witness increased demand for automobiles due to increasing urbanization and economic growth, which, in turn, will accelerate the growth of automotive camera market during the forecast period.
Automotive Camera Market: Key Players
Examples of some of the market participants identified across the value chain of the global automotive Camera market include:
Autoliv Inc. Ambarella, Inc. OmniVision Technologies, Inc. Valeo Inc. Gentex Corporation Integrated Micro-Electronics, Inc. (IMI) DENSO Corporation Delphi Automotive LLP Ficosa International SA Hella KGaA Hueck & Co OmniVision Technologies, Inc.
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Key Questions Answered in This Report.
What will the Market growth rate in Future? What are the key factors driving the global Market? Who are the key manufacturers in Market space? What are the opportunities and threats faced by the vendors in the global industry? What are sales, revenue, and price analysis by regions of industry?
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