Industry Background:
The backup camera in vehicle designed to help the driver to detect hazardous driving conditions and objects on the road. However, while baking up, the image on the screen is different than real time conditions due to variations in lighting. The backup camera consists of the feature of assisted low lux lighting performance. It displays the blind spots which are not visible to the driver. This improves the vehicle maneuvering capabilities and reduces the chances of collision while parking.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Bosch (Germany), Continental (Germany), Sony (Japan), Aptiv (Ireland), Denso (Japan), Magna International (Canada), Valeo (France), OmniVision Technologies (United States), Pyle (United States) and Stonkam AG (China) |
This growth is primarily driven by Rising Demand of Luxury Cars Coupled with High End Features and Features Such as Elimination of Blind Spots, Safe Parking, and Others.
Globally, a noticeable market trend is evident Growing Usage of Parking Sensors Along with Cameras Major Vendors, such as Bosch (Germany), Continental (Germany), Sony (Japan), Aptiv (Ireland), Denso (Japan), Magna International (Canada), Valeo (France), OmniVision Technologies (United States), Pyle (United States) and Stonkam AG (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 7th March 2019, Continental AG has received the approvals to acquire cooper standard’s business of anti-vibration systems.
In November 2018, Nedap has launched NB IoT parking sensor. It is a latest version of SENSIT smart parking sensor and detects the available parking space.
Influencing Trend:
Growing Usage of Parking Sensors Along with Cameras
Market Growth Drivers:
Rising Demand of Luxury Cars Coupled with High End Features and Features Such as Elimination of Blind Spots, Safe Parking, and Others
Challenges:
Limited area displayed by backup camera. The backup camera in automotive is not able to display the area below the bumper, close to the vehicle or the area out of view of camera. The view also changes according to the road condition or orientation of a vehicle
Restraints:
Skilled Labors Required for Installation and Removal Causes High Costs
Opportunities:
Government Regulations for Backup Camera Installation is Leading to the Automotive Backup Camera Market Growth
AMA Research follows 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 showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze 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 includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automotive Backup Camera Market
- Analysis about New Entrants in Automotive Backup Camera Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automotive Backup Camera Study Sheds Light on
The Automotive Backup Camera Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Backup Camera industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Backup Camera industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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 the value they currently claim or capture the new addressable opportunity.