Industry Background:
Vehicle Cameras are the devices that are mounted or inculcated into a vehicle so that they can ensure the safety of the vehicle as to the person driving it. With the rising demand for automobiles coupled with the concern for safety among customers as well as the mandatory government, norms have made the market to flourish at its fullest pace. Moreover, the cumulating trend of low-cost cameras, as well as the sensor, are providing a wide platform for this market. However, the high cost of the module has been slightly hindering the market growth. But with the adoption of Thermal camera and Multi-camera systems are expected to exhibit the highest growth rate in sensing camera and application segments during the forecast period.This growth is primarily driven by Rising Demand from Automotive Vehicles Manufactures and Government Initiatives Towards the Vehicle Safety Features.
Globally, a noticeable market trend is evident Adoption of Muli Line Camera in the Vehicles for Better Viewing Prospectives
. Major Vendors, such as Robert Bosch (Germany), Delphi (Ireland), Continental (Germany), Valeo (France), Autoliv (Sweden), OVT (United States), Magna (Canada) and Mobileye (Israel) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
The National Highway Transportation Safety Administration (NHTSA) has made it mandatory for all vehicles to install a backup camera system by 2019 due to an increase in the number of accidents and injuries in the United States.
Market Drivers
- Rising Demand from Automotive Vehicles Manufactures
- Government Initiatives Towards the Vehicle Safety Features
Market Trend
- Adoption of Muli Line Camera in the Vehicles for Better Viewing Prospectives
- Technological Advancements in these Cameras
Restraints
- High-Cost Associated with these Multi-Line Cameras in Vehicles
- Some Government Regulations in European Countries for Imposing these Cameras as Public Video Recordings
Opportunities
High Potential Investments from Emerging Markets and Increasing Consumer Demand for Active Safety Systems
Challenges
Constraints in Real-Time Image Processing in Surround View Systems
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Vehicle Camera Study Sheds Light on
The Vehicle Camera Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Vehicle Camera industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Vehicle Camera industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.