The Global Automotive Camera Market is estimated to reach USD 15.3 Billion by 2025 at a CAGR of 10.4 %, says forencis research (FSR).
The Automotive camera is the camera installed in the vehicle for offering assistance to the driver for parking and other possible functions. It is used to increase the safety of the vehicle along with the passengers by offering a deeper insight regarding the vehicles present in nearest proximity, alerts to prevent the possible collision, and continuously records the vehicle’s position through various angles. These are installed within the vehicle or on the exterior surface of the vehicle to provide a real-time alert regarding the distance from the front, rear and side vehicles along with monitoring activity of the driver. These are widely installed in passenger cars, light commercial vehicles, and heavy commercial vehicles.
Market Drivers:
Vehicle safety is a crucial aspect while driving an automotive vehicle. Higher safety of the vehicle limits the occurrence of the road collision, which can be fatal for the driver and passengers onboard. Increasing focus to boost vehicle safety owing to the rise in road collision across the globe leading to death or serious injuries has escalated the higher need for the safety system, which is fueling the growth of the automotive camera market. As per the Global Status Report On Road Safety 2018, the rise in fatal road accidents reaching it to 1.35 million people globally in 2016.
Automotive Camera market is projected to witness growth at a remarkable pace, owing to favorable legislation imposed by the governments of various countries. The governments of emerging as well as emerged nations have posed mandates on the installation of the rear-view camera in the new automotive vehicles are pushing the market demand. For instance, in 2014, the National Highway Traffic Safety Administration of the United States proposed the mandate of installing the rear-view visibility systems with cameras in the automotive vehicle by 2018. Also, Transport Canada imposed compulsion regarding the installation of rear-view camera systems in the new cars by 2018.
This favorable support by regulatory authorities is projected to upsurge the market growth.
Market Restraints:
The automotive camera market is projected to grow in the years to follow, however, the growth of this market is anticipated to hinder owing to high cost. The cost of the automotive camera escalates with the development of an advanced camera system, which hampers the product demand. Rising demand for more safety systems, results into increase in the number of cameras, with msore advanced system to control the overall functioning, escalates the overall product cost. Thus, higher cost of the surrounding view system hampers the market growth.
The report on the automotive camera market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2018-2025 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2025 (2020 estimated year, forecasted up to 2025) |
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Measured Units |
Value (USD Million) Volume (Units) |
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Segments Included |
Type, Technology, Application, Vehicle Type, Sales Channel |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, and South America |
For the scope of report, In-depth segmentation is offered by Forencis Research
Automotive Camera Market, by Type
Automotive Camera Market, by Technology
Automotive Camera Market, by Application
Automotive Camera Market, by Vehicle Type
Automotive Camera Market, by Sales Channel
Automotive Camera Market, by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Increasing Focus Towards Safety and Security
4.2.2. Supportive Government Regulation
4.2.3. Rise in Demand for Automotive Vehicles
4.3 Restraints
4.3.1 High Cost Associated with The Surround View System
4.4 Opportunities
4.4.1. Advancement in Automotive Camera Technology
4.4.2. Emergence Of Autonomous Cars
4.5 Challenges
4.5.1 Involvement of Large Number of Local Player
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 AUTOMOTIVE CAMERA MARKET BY TYPE, Market Size in USD Million and Units (2018—2025)
6.1 Introduction
6.2 Interior Camera
6.3 Exterior Camera
6.3.1 Single View System
6.2.1.1 Rear Camera
6.2.1.2 Front Camera
6.2.1.3 Side Camera
6.3.2 Surround View System
6.2.2.1 2D Surround View Camera System
6.2.2.2 3D Surround View Camera System
7 AUTOMOTIVE CAMERA MARKET BY TECHNOLOGY, Market Size in USD Million and Units (2018—2025)
7.1 Digital Camera
7.2 Infrared Camera
7.3 Thermal Camera
8 AUTOMOTIVE CAMERA MARKET BY APPLICATION, Market Size in USD Million and Units (2018—2025)
8.1 Introduction
8.2 Advanced Driving Support System
8.2.1 Night Vision Enhancement
8.2.2 Obstacle and Collision Warning
8.2.3 Lane Departure Warning
8.2.4 Adaptive Cruise Control
8.2.5 Pedestrian Alert
8.2.6 Driver Monitoring
8.3 Parking System
9 AUTOMOTIVE CAMERA MARKET BY VEHICLE TYPE, Market Size in USD Million and Units (2018—2025)
9.1 Introduction
9.2 Light Duty Vehicle
9.3 Heavy Duty Vehicle
10 AUTOMOTIVE CAMERA MARKET BY SALES CHANNEL, Market Size in USD Million and Units (2018—2025)
10.1 Introduction
10.2 OEMs
10.3 Aftermarket
11 AUTOMOTIVE CAMERA MARKET BY REGION, Market Size in USD Million and Units (2018—2025)
11.1 North America
8.1.1. US
8.1.2. Canada
8.1.3. Mexico
11.2 Europe
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. UK
8.2.5. Spain
8.2.6. The Netherlands
8.2.7. Rest of Europe
11.3 Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Taiwan
8.3.6. Rest of Asia-Pacific
11.4 Middle East & Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Rest of Middle East
11.5 South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
12 COMPETITIVE LANDSCAPE
12.1 Introduction
12.2 Market Ranking/Share Analysis of Key Companies
12.3 Company Benchmarking
13 COMPANY PROFILES
13.1 RICOH
13.1.1 Company Overview
13.1.2 Financial Overview
13.1.3 Products/Solutions/Services Offered
13.1.4 Key Developments
13.1.5 SWOT Analysis
13.2 Robert Bosch GmbH
13.3 Aptiv
13.4 Valeo
13.5 Panasonic Corporation
13.6 Continental AG
13.7 Magna International Inc.
13.8 Gentex Corporation
13.9 Ficosa International S.A
13.10 DENSO CORPORATION
13.11 Other Key Companies
14 APPENDIX
14.1 Key Industry Expert Insights
14.2 Primary Discussion Guide
14.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain