Summary
Automotive Camera Market Share, Size, Share, Trends, Analysis, Camera Type (Infrared, Thermal and Digital), Vehicle Type (Passenger car, Commercial) and Application Type (Lane Departure Warning, Adaptive Cruise Control, Blind Spot Detection, Park Assist System) - Global Forecast 2023
Key Players
Some of the eminent players leading the market include Allied Vision Technologies (Germany), ADA-ES Inc. (US), Balluf (Germany), Autoliv, Inc (Sweden), Basler AG (Germany), Delhi Automotive PLC (UK), Robert Bosch GmBH (Germany), Denso Corporation (Japan), TRW Automotive (US), and Valeo S.A. (France).
Geographical Analysis
The North America region is projected to retain its hegemony over the global Automotive Camera Market Share followed by Europe region. This growth attributes to the high standard of living of people in the region.
The Automotive Camera Market Share, in the Asia Pacific region will witness significant growth emerging as a promising market in terms of size. Additionally, the rising disposable income will propel the growth of Automotive Camera Market Share, in the APAC, improving the standard of living of the consumers.
In light of rapid industrialization, the increasing number of automobile production mainly in China, India, Japan, Thailand, Malaysia, and South Korea will provide impetus to the market growth.
Industry/Innovation/Related News
September 12, 2018: Lexus (Japan), the luxury vehicle division of automaker, Toyota announced the launch of digital outer mirrors (camera-based mirrors), calling it the world's first application of such kind. These camera-based mirrors will replace the traditional side mirrors with sleek digital cameras which will improve safety, visibility, and cabin solitude.
The idea has long been proposed by stylists and engineers wanting sleeker looks and improved safety; this will also improve a vehicle's fuel efficiency because the camera setups have lower wind resistance. Releasing these camera-based mirrors in Japan on the ES model, the automaker will review the market feedback before determining to the expansion of the system to the nameplates.
Segmentation
The MRFR analysis is segmented into four key dynamics for the convenience of understanding;
By Camera Types : Comprises Infrared, Thermal and Digital among others.
By Application Types : Adaptive Cruise Control, Lane Departure Warning, Blind Spot Detection, Night Vision, Park Assist System, Pedestrian Detection, Driver Monitoring, andRoad Sign Recognition among others.
By Vehicle Types : Passenger car, Commercial, and Heavy Vehicles among others.
By Regions : North America, Europe, APAC, and the Rest-of-the-World.
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