Market Research Future (MRFR) projects that the Automotive Camera market 2020 procures an approx. valuation of USD 19 billion by end of forecast period. It is also estimated by MRFR that the market can advance at a rate of 19% between 2017 and 2023 (evaluation period). We will provide covid-19 impact analysis with the report. The COVID-19 research on automotive camera market offers an in-depth analysis post the coronavirus disease outbreak.
COVID-19 Analysis
COVID-19 impact analysis indicates that a massive decline in vehicle sales has been witnessed in just three to four months, as a result of the shutdowns coupled with oil price fluctuations. Notable automotive manufacturers are taking up various tactics in a bid to mitigate the detrimental impact of the pandemic by examining their dealerships to facilitate flow of services. The short-term impact of COVID-19 on the automotive industry has resulted in closing of assembly plants in the United States (US), low to no export of Chinese components and manufacturing interruptions across Europe, in the wake of the lockdown situation.
Top Boosters and Main Barriers
The automotive camera market size can expand remarkably over the coming years as a result of the increasing technological innovations in automotive safety systems, camera based drive assistance sensors, along with aftermarket sales of parking cameras.
Increasing demand for sensing cameras in driver assistance systems is another critical growth booster in the market. The increasing need for automotive cameras in passenger cars and the latter’s high demand across the globe can also bolster the market size in the following years.
The improving financial conditions across developing regions is leading to higher demand for luxury vehicles, which is presumed to benefit the automotive camera market over the appraisal period.
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Top Companies Profiled in Automotive Camera Market Research Report:
Basler AG (Germany), Allied Vision Technologies (Germany), Autoliv, Inc (Sweden), Denso Corporation (Japan), Valeo S.A. (France), Robert Bosch GmBH (Germany), Balluf (Germany), TRW Automotive (US), ADA-ES Inc. (US), Delhi Automotive PLC (UK), to name a few.
Market Segmentation
The market for automotive camera has been considered for camera type, vehicle type as well as application.
- The camera types covered in the research include Thermal, Digital, Infrared, and others.
- The vehicle types included in the study are commercial vehicles as well as passenger cars, among others. The passenger cars section leads the market, given the rising sale of these cars across developing regions.
- Application areas of automotive cameras are Adaptive Cruise Control, Park Assist System, Night Vision, Road Sign Recognition, Pedestrian Detection, Blind Spot Detection, Lane Departure Warning, Driver Monitoring, among others.
Regional Insight
Europe, North America, APAC or Asia Pacific, and RoW or the Rest-of-the-World are the major markets for automotive camera.
The automotive camera market in North America is the most profitable and can remain so throughout the evaluation period. The United States (U.S), followed by Canada, are some of the biggest markets in the region, as these countries are considered to be prominent automotive hubs for many of the renowned global OEMs.
Europe is the second-most profitable market, thanks to the growing need for safety technologies and the consequent increase in their installation in vehicles. The expanding market for passenger cars, especially in the UK, Germany, Italy and France is also projected to back the business growth in the region between 2017 and 2023.
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Automotive camera Market Segmentation
- Automotive camera Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
- Financial Data
More…
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Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the automotive camera market include Automation Engineering Inc., Robert Bosch GmbH, Continental AG, Aptiv PLC, Stonkam Co., Ltd., Mobileye N.V., Autoliv Inc., Magna International Inc., OmniVision Technologies, Valeo.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Automotive Camera Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-camera-market/download-sampleMarket DynamicsIncreasing vehicle production, government security standards, and buyer interest for more secure vehicles fuel the global automotive camera market growth.
Government regulatory bodies are mandating vehicles and pedestrians safety features to reduce the probability of road accidents, boosting the adoption of automotive cameras both in light and heavy commercial vehicles.
Advances in camera systems allow automotive manufacturers to reimagine the vehicle silhouette through the replacement of traditional features like wing mirrors.
However, short serving life and increase maintenance call is anticipated to hinder the growth of market.
