The automobile industry maintains a very strong presence and value, considering the fact that many major corporations have challenges with overcapacity and low profitability. The sector also has decent benefits for well-paid workers, has close ties with producers (which gives it an oversized position in economic development), and has a strong political impact. Technology has also redefined the way vehicles use fuel, with the internal combustion engine and gasoline-fed engines starting to displace wind, hybrid and solar energy systems in automobiles as the driving power of the future. Around the same time, though, the advancement of automated technology and continuous computers have started to improve consumer interactivity while reducing the need to take direct control of 'driving.
Many new vehicles have autonomous systems, such as autonomous emergency braking (AEB). AEB systems use radar, cameras, and lidar technologies to determine the road ahead and figure out possible accidents. In general, these devices warn the driver that action is required to avert a potential collision, and then, if no action is taken, the AEB will be activated on the driver's behalf. The use of tiny cameras in the vehicle makes it easier for the driver to search for concealed items that are normally impossible for the driver to see from the driving seat. There are tire pressure sensors to avoid collisions, lane shift sensors, and crash control sensors. The use of an anti-lock brake mechanism and stability control both allow drivers to keep their vehicles under control while driving.
Cameras, radars, lidars, ultrasonic sensors, and electronic control units are the main components of the ADAS system (ECUs). These modules perform many ADAS functions in conjunction or independently, including adaptive cruise control, parking assistance, lane exit warning, traffic jam assist, automatic emergency braking, and blind-spot identification. Over the last few years, the number of vehicles fitted with ADAS features has seen a visible surge. As a result of the rise in ADAS and autonomous vehicles, demand for automotive camera vehicles has grown in recent years, and a similar pattern is projected to follow in the years ahead. The COVID-19 pandemic has had a sudden and significant impact on the automotive industry, which is globally interconnected. Some of the potential consequences of the pandemic outbreak include loss of shipments of Chinese parts, large-scale disruption of production throughout Europe, and the closing of assembly plants in the United States. This places extreme pressure on an industry that is already dealing with a downshift in global demand, which is expected to lead to an intensified interest in mergers and acquisitions.
Rear View Camera Segment Dominates Global Automotive Camera Market:
One of the key reasons driving the development of the vehicle rear view camera is the emphasis on reducing the rising number of deaths when reversing. Rear view cameras help to navigate the car at low speed, including driving on or parking at the sluggish curbside. The vision scheme for the car is continually shifting from traditional parking system to new solutions based on rear parking sensors. In order to allow greater vision and minimize injuries, the camera-assisted parking system has now been upgraded to a 360-degree surround view. In addition, safety regulatory requirements have culminated in rear view cameras integrating into all cars for OEMs, thus providing an impetus of growth for the market segment.
Passenger Cars Segment Dominate the Automotive Camera Market:
The passenger car segment has a large market share in the automotive camera market compared to the commercial vehicle segment due to the more usage of cameras in passenger cars. A few companies in the automotive camera market, such as Robert Bosch GmbH, Denso Corporation, and Mobileye N.V., manufacture cameras specifically designed for commercial vehicles. A passenger vehicle often incorporates advanced camera systems such as AI-enabled thermal camera systems, lane change detection, blind spot detection, and emergency braking system, which are costlier and have complex semantics to give a better driving experience to the drivers.
North America Foreseen to Witness Fastest Growth in the Automotive Camera Market:
The demand for automotive cameras varies according to various regions. The automotive camera market holds a prominent share in various countries of North America, Asia-Pacific and Japan (APJ), China, the U.K., and Europe. Moreover, in the coming years, increased demand for advanced cars, mergers and acquisitions, and the government's focus on road safety and traffic congestion, among others, are projected to boost retail revenues in the U.S.
Key Questions Answered by This Report:
For a new company looking to enter the market, which areas could it focus upon to stay ahead of the competition?
How do the existing market players function to improve their market positioning?
Which are the promising companies that have obtained financial support to develop their products and markets?
How does the supply chain function in the automotive camera market?
Which companies have been actively involved in innovation through patent applications, and which products have witnessed maximum patent applications during the period 2017-2020?
Which product segment is expected to witness the maximum demand growth in the automotive camera market during 2020-2025?
Which are the players that are catering to the demand for different cameras?
How should the strategies adopted by market players vary for different product segments based on the size of companies involved in each segment?
What are the key offerings of the prominent companies in the market for automotive cameras?
What are the demand patterns of automotive cameras across the application areas in different regions and countries during the period 2019-2025?
Download the sample report on the automotive camera market, exclusively made by Bis Research:
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.
