Automotive Camera Market Leveraging Growing Demand for Virtual A-Pillar

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Owing to the rising demand for drive assistance sensors and parking cameras, the automotive camera market is expected to grow significantly. Additionally, automotive cameras are found to provide a better driving experience. According to a recent publication by IndustryARC, in 2018, the global automotive camera market size was $11.34 billion and the demand is projected to grow at a healthy compound annual growth rate (CAGR) of 9.75% during the forecast period of 2019 to 2025.

This resonates with the findings that are documented in the recent business publication by IndustryARC titled “Automotive Camera MarketIndustry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast (2019 – 2025).” The report also documents that high requirement of this product is certainly needed in passenger cars which will propel the automotive camera market demand.

Global Automotive Camera Market: Demand Analysis and Growth Forecast

Automotive camera, car DVR, or driving recorder is a camera that continuously records the view from the vehicle’s windscreen, rear camera, or windows. Furthermore, a rare-view mirror dash camera is high-quality visibility. Nowadays, there is a mirror dash came that can record video. Some dash-cameras are even used to record the interior view of the car in 360degree. However, the advanced driver-assistance systems aid the drivers in the process of driving.

Global Automotive Camera Market: Leading Segments

Europe had the largest share of the global automotive camera market in 2018. In countries like Germany and Berlin, ADAS camera has become mandatory for a few years due to stringent rules laid by the government. The strict rules are implemented for vehicles and road safety regulations due to the growing population and the demand for the vehicle. Owing to this, the European Union is particular about lane departure system, driver monitoring system, and park assist system. Subsequently, this led to Europe’s highest regional automotive camera market share of 26.37% as of 2018.

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However, the key application segment in the global automotive camera market is cited as the driver monitoring system and park assist system by the IndustryARC’s analysts. The estimated opportunities for the growth in this application is anticipated to observe an impressive CAGR of 11.41% during the aforementioned forecast.

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Global Automotive Camera Market: Market Trends and Drivers

  • Continental Virtual A-Pillar

This new technology captures the head movements of the driver using an interior camera placed above the steering wheels. It also captures the live video of the vehicle’s external environment with the camera located on the vehicle’s exterior. It gives a view of a window rather than a live video to the driver.

  • Multi-Gig Ethernet

It is an era of Multi-Gigabit Ethernet for autonomous vehicles. The vehicle’s sensors and the camera is calibrated to collect the huge amount of data that is instantly processed to ensure safety that can be made by the vehicle. Such requirements are driving the growth of the automotive camera market.

  • Radar

Radar is placed behind the car sheet metal. It is one of the most reliable technology as it can capture the view of hundreds of yards and can grasp the speed of all the objects spotted around. This has increased the demand for the automotive camera in the market.

Global Automotive Camera Market: Competitive Landscape

Some of the key companies identified in the report that are currently holding the majority shares in the global automotive camera market are Continental AG, Magna International Inc, Mobileye N V, Omnivision Technology Inc, Robert Bosch Gmbh, Valeo, Aptiv Plc, Autoliv, Inc, Automation Engineering Inc, Stonkam Co, Ltd.

Read More – Automotive Research Reports @ https://industryarc.com/Domain/3/automotive-market-research.html

Related Reports:

A. ADAS Camera Market

https://industryarc.com/Report/17953/adas-camera-market.html

B. Vehicle Camera Market

https://industryarc.com/Research/Vehicle-Camera-Market-Research-501146

What can you expect from the report?

The Automotive Camera Market is Prepared with the Main Agenda to Cover the following 20 points:

  1. Automotive Camera Market Size by Product Categories & Application
  2. Automotive Camera Market trends & Relevant Market Data
  3. Manufacturer Landscape
  4. Distributor Landscape
  5. Pricing Analysis
  6. Top 10 End-user Analysis
  7. Product Benchmarking
  8. Product Developments
  9. Mergers & Acquisition Analysis
  10. Patent Analysis
  11. Automotive Camera Market Demand Analysis (Revenue & Volume)
  12. Country-level Analysis
  13. Competitor Analysis
  14. Automotive Camera Market Shares Analysis
  15. Value Chain Analysis
  16. Supply Chain Analysis
  17. Automotive Camera Market Strategic Analysis
  18. Automotive Camera Market Current & Future Market Landscape Analysis
  19. Opportunity Analysis
  20. Automotive Camera Market Revenue and Volume Analysis
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