Global Automotive Camera Market: Key Highlights
Global Automotive Camera Market: Key Opportunity
Global Automotive Camera Market: Regional Overview
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.
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 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.
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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