In a recent published report, Kenneth Research has updated the market report for Automotive Cameras Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Automotive Cameras Market products.
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According to the statistics by the Organization for Economic Co-operation and Development (OECD), the United States recorded to be the largest exporters of international trade in services amongst all the OECD nations with a value worth USD 827 billion in the year 2018.
Global Automotive Cameras Market is forecasted to reach $33 billion by 2024; growing at a CAGR of 17.5% from 2016 to 2024. Automotive cameras are image sensing cameras installed inside as well as outside of the vehicle for safety purposes. It has gained popularity and is widely used in commercial, private and defense sectors. It gives better driving experience and furthermore helps in recording the drivers conduct which can be useful during insurance claim. Automotive cameras are used in various application areas such as night vision, rear view enhancement, and lane departure warning. Increasing traffic rush and accident level has moved consumers towards the increased adoption of automotive cameras in their vehicles. High demand for sensing cameras in advanced driver assistance systems, increasing requirement by passenger cars, and growing demand for luxury vehicles are the factors driving the global automotive cameras market. Moreover, replacement of side-view mirrors with cameras would increase the demand for automotive cameras in the coming years. However, high cost of automotive cameras may hamper the market growth.
The technology segment comprises stereo cameras, mono cameras, infrared cameras and others. By product, the global automotive camera is segmented into side-view cameras, rear-view enhancement, interior-view cameras and forward-view cameras. By application the market is sub-segmented into LDWS, blindspot, parking, night vision, parking surround view, drowsiness, distance, AFS and others. By product, the rear-view enhancement is the leading market at present and is expected to hold its position throughout the forecast period owing to its wide usage during parking and reverse driving. Stereo cameras dominated the technology segment with the maximum market share. Distance cameras are expected to grow at the fastest CAGR in the overall application segment.
Geographically, the market has been segmented into North America, Europe, Asia Pacific and RoW. The U.S., Mexico and Canada are covered under North America wherein Europe covers France, Germany, United Kingdom, Spain and others. Asia-Pacific covers China, India, Japan, Australia, South Korea and Others. Rest of the World (RoW) covers South America, Middle East and Africa.
Major companies operating in this market are Autoliv Inc., Delphi Automotive LLP, Continental AG, KYOCERA Corporation, Qrontech Co. Ltd., Ficosa International S.A., Valeo Inc., Robert Bosch GmbH, Transcend Information Inc. and Media Data Systems Pte Ltd., among others.
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The key takeaways from the report:
The report will provide detailed analysis of automotive cameras market with respect to major segments such as technology, product and application
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities is included in the report. An exhaustive regional analysis of automotive cameras market will be provided in the report.
Profile of key players of the automotive cameras market will be provided, which include key financials, product & services, new developments and business strategies.
Scope of Automotive Cameras Market
Technology Segments
Stereo Cameras
Mono Cameras
Infrared Cameras
Others
Product Segments
side-view cameras
rear-view enhancement
interior-view cameras
forward-view cameras
Application Segments
LDWS
Blindspot
Parking
Night Vision
Parking Surround View
Drowsiness
Distance
AFS
Others
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Geographical Segments
North America
US
Canada
Mexico
Europe
Germany
France
United Kingdom
Spain
Others
Asia-Pacific
China
India
Japan
South Korea
Others
RoW
South America
Middle East
Africa
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