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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FACTS AT A GLANCE
Companies:Autoliv Inc.,Ambarella, Inc.,OmniVision Technologies, Inc.,Valeo Inc.,Gentex Corporation,Integrated Micro-Electronics, Inc. (IMI),DENSO Corporation,Delphi Automotive LLP,Ficosa Internacional SA,Hella KGaA Hueck & Co,OmniVision Technologies, Inc.
Coverage: All major geographies and key segments
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Segments: Automotive Camera Market Segmented By application such as Park assist system, Driver monitoring system, Blind spot detection and Night vision system with technology type such as Infrared Camera, Thermal Camera and Digital Camera
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
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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