Global Automotive Camera Monitoring System Market Overview:
A camera monitor system (CMS) consists of a camera, an image processing pipeline, and a monitor for viewing the camera image. Examples include automotive side and rearview mirror replacement systems. Moreover, CMS offers assistance to drivers, optimized fuel efficiency, and increased safety. Based on the type, the market has been bifurcated into wireless CMS and wired CMS.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increased Use of Automation Systems by Homes and Industries
Market Growth Drivers:
Government Initiatives Related to Vehicle Safety Features in Economically-Advanced Countries and Increasing Consumer Demand for Active Safety Systems
Challenges:
Lack of Awareness in Developing Regions
Restraints:
A High Cost of the Product
Opportunities:
Growth Opportunities in Emerging Markets
Competitive Landscape:
Automotive Camera Monitoring System is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge
Some of the key players profiled in the report are Denso (Japan), Gentex (United States), Ichikoh Industries (Japan), JVC Kenwood (Japan), Murakami (Japan), Panasonic Automotive & Industrial Systems (Japan), Tokai Rika (Japan), Valeo (France), Kappa optronics GmbH (Germany) and Continental AG (Germany). Analyst at AMA Research see Japanese Vendors to retain maximum share of Global Automotive Camera Monitoring System market by 2028. Considering Market by Sales Channel, the sub-segment i.e. OEM will boost the Automotive Camera Monitoring System market.
Latest Market Insights:
In September 2021, Gentex Corporation acquired Guardian Optical Technologies, an Israeli startup pioneering a unique multimode sensor technology designed to provide a comprehensive suite of driver and cabin monitoring solutions for the automotive industry.
On 15 May 2018, DENSO Corporation, one of the world’s largest automotive suppliers, announced it has released a retrofittable driver status monitor to help reduce the number of traffic accidents involving commercial vehicles, such as trucks and buses. The safety product checks for distractions, drowsiness, sleep, and inappropriate posture based on the driver’s facial image, which is captured through a camera installed in the cabin. If drowsy or distracted driving is detected, the monitor voices an alert. It is now sold by DENSO Sales and DENSO service stations across Japan and will be released outside the country later this year.
What Can be Explored with the Automotive Camera Monitoring System Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automotive Camera Monitoring System Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automotive Camera Monitoring System
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Camera Monitoring System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Camera Monitoring System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Automotive Camera Monitoring System Manufacturers, Automotive Camera Monitoring System Sub Component Manufacturers, Potential Technology Investors, Regulatory Bodies, Government Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.