The surging technological advancement in cameras, introduction of road safety regulations by the government, burgeoning demand for camera-based applications in vehicles along with rising consumer awareness are some of the factors anticipated to propel the growth of the Global Automotive Camera market in the forthcoming timeline. Moreover, snowballing dispersion of camera based advanced driver-assistance systems (ADAS), rising security and safety concern among drivers and strong growth in automotive sector in both developing and developing economies are projected to fuel the growth of the market in the forecasted period.
According to MarkNtel Advisors’ research report “Global Automotive Cameras Market Analysis, 2020”, the Global Automotive Cameras market is anticipated to grow at a CAGR of around 15% during 2021-26. Based on View Type, Multi camera system acquired the considerable market share in 2020 owing to the factors such as escalating demand among autonomous vehicles, rapid growth of semi-autonomous and autonomous functions in vehicle along with rising inclination of customer due to growing awareness around multi camera technologies. Thus, this is anticipated to propel the growth of the segment in the near future.
Key questions answered in the study:
- What are the current and future trends of the Automotive Cameras industry?
- How the industry has been evolving in terms of end-user demand and application areas?
- How the competition has been shaping across the countries followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the Automotive Cameras industry?
- What is the customer orientation, purchase behavior, and expectations from the Automotive Cameras firms across various regions?
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“Global Automotive Cameras Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Automotive Cameras providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor’s capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Europe Acquired the Considerable Market Share
Europe acquired the considerable market share in the Global Automotive Cameras market in 2020. The growth of the region is accredited to burgeoning deployment of ADAS in commercial and passenger vehicles, growing government initiative to promote industrial growth and escalating adoption of automotive cameras. Besides these, increasing investment by automotive OEMs and camera manufacturers in R&D, rise in the production of passenger cars and bolstering demand for electric and autonomous vehicles are the factors expected to accelerate the growth of the Automotive Cameras Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Automotive Cameras Market Analysis, 2020”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Automotive Cameras market are Robert Bosch GmbH, Continental AG, Aptiv PLC, Valeo Inc., Autoliv, Inc., Automation Engineering Inc., Magna International Inc., Mobileye N.V., Omnivision Technologies Inc., Stonkam Co., Ltd., Gentex Corporation, Ficosa International S.A., DENSO Corporation, Integrated Micro-electronics, Inc. etc.