Automotive Camera Market To Reach USD 15.3 Billion In 2025 | CAGR 10.4% - Forencis Research

Automotive Camera Market Size, Share, Trends, Growth, Analysis, Research

Global Automotive Camera Market: Key Highlights

  • According to the new market research report "Automotive Camera Market Type (Interior, Exterior) by Technology (Digital, Infrared) by Application (Advanced Driving Support System and Parking System) by Vehicle Type (Light Duty, Heavy Duty) by Sales Channel (OEMs, Aftermarket) by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast From 2020To 2025", the global automotive camera market is estimated to reach USD 15.3 Billion in 2025 at a CAGR of 10.4% during forecast period 2020-2025.
  • The market is growing on the grounds of increasing focus towards boosting vehicle safety along with support regulation imposed by the regulatory authority
  • The high cost of the surround view system is projected to impact the growth of this market negatively

Automotive Camera Market

Global Automotive Camera Market: Key Opportunity

  • The automotive camera market is experiencing growth owing to increasing safety and security for the vehicles, as there is a rise in the occurrence of road accidents across the globe.
  • Favorable legislation for the installation of the automotive camera in the emerging and developed countries to increase the visibility of the rear vehicles and push vehicle safety is further escalating the market growth
  • The high cost of advanced automotive camera hinders the market growth, as with advancement the number of cameras, and technology involve rises, which links directly with the cost escalation
  • The advent of the autonomous car, an outcome of the advancement in technology to favor comfort and higher safety, the automotive camera market is predicted to grow.

Global Automotive Camera Market: Regional Overview

  • Asia-Pacific

Asia Pacific is a promising region for the automotive market. The growing automotive sector in the Asia Pacific is the key driver driving the demand for automotive camera market. Rising awareness regarding the passengers’ safety is fueling the market growth in the Asia Pacific. To drag this further, increasing the adoption of the safety system in emerging nations such as China, India is likely to foster market growth in the forecast period.

  • North America

In North America, the demand for automotive cameras is growing on the grounds of increased demand for luxury cars. Furthermore, the rising installation of advanced driver-assistance systems (ADAS) in luxury cars, in the region is projected to push the market growth. Also, favorable mandates imposed by the regulatory authorities such as National Highway Traffic Safety Administration of United States, imposed mandate to install rear view camera in the vehicles is further supporting the growth of this market.

Global Automotive Camera Market: Key Players Overview

  • Robert Bosch GmbH:

Robert Bosch GmbH is a German based company that operates through 4 business segments mobility solutions, industrial technology, consumer goods, and energy and building technology. The company offers a range of products includes driver assisting systems, driving safety systems, connectivity solutions, and infotainment solutions. Robert Bosch GmbH also offers a multipurpose camera, stereo video camera, in-vehicle camera, rear-view system and many others, to increase the vehicle safety of the passenger cars, light commercial vehicles, off-highway and large engine vehicles, and power sports and two-wheeler vehicles.

  • Continental AG:

Automotive manufacturing company Continental AG, operating globally through developing brake system, interior electronics, safety solutions, and automotive components. It provides stereo camera, mono camera, camera-based system, surround view camera, among others. In 2018, the company accounted for USD 51.97 billion, among which automotive group accounts for USD 31.77 billion. The chassis & safety includes Advanced Driver Assistance Systems, Hydraulic Brake Systems, Passive Safety & Sensorics, Vehicle Dynamics, which contributes for USD 11.34 billion in 2018.

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Published : 2020-01-29