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3 Key Insights on US$ 20 Bn Opportunity in the Global Automotive Camera Market: Ken Research

Driven by the rising concerns regarding the safety of passengers and drivers along with increasing penetration of safety systems in vehicles, the Global Automotive Camera Market is forecasted to reach nearly US$ 20 Bn by 2028 says Ken Research Study.

The automotive camera is designed in a way to capture high-quality video to extend visibility which enhances the safety of the driver. These are the onboard camera that assists the driver with night vision, parking, assessing vehicle performance, and other purposes.

Ken Research shares 3 key insights on this high-demand market from its latest research study.

1.   Rising Adoption of ADAS Features in Vehicles Encourage Market Growth

The growing demand for active safety systems and ADAS features namely adaptive cruise control, automatic parking, anti-lock braking systems, automotive night vision, and others in vehicles are boosting the growth of the Automotive Camera market in the forecasted period. However, the high installation charges for the automotive camera may hamper the growth of the market.

According to Ken Research estimates, the Global Automotive Camera Market – valued at around US$ 7 Bn in 2017 and estimated to reach nearly US$ 10 Bn by 2022 – is expected to grow to around US$ 20 Bn opportunity by 2028.

Global Automotive Camera Market

2.   Increasing Number of Road Accidents Globally is driving the Market Growth

The increase in the number of road accidents is surging the demand for safety systems for passengers and drivers in the vehicle which is anticipated to aid the growth of the market. Moreover, rising concerns regarding road safety along with increasing penetration of camera-based convenience and installation of ADAS in vehicles are expected to bolster the growth of the global automotive camera market.

Global Automotive Camera Industry

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3.   High prices of Automotive Camera Are the Most Significant Barrier to the Growth of the Market.

The high prices of ADAS features and their installation cost may hamper the growth of the market. In addition, malfunctioning camera components like modules, sensors, and others along with the additional cost of fixing or replacing the components may restrict the growth of the market.

Global Automotive Camera Sector

Key Topics Covered in the Report: –

Snapshot of the Global Automotive Camera Market

Industry Value Chain and Ecosystem Analysis of the Automotive Camera Market

Market size and Segmentation of the Global Automotive Camera Market

Historic Growth of the Overall Global Automotive Camera Industry and Segments

Competition Scenario of the Automotive Camera Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global Automotive Camera Industry

Overview, Product Offerings, and Strategic Developments of Key Competitors

COVID-19 Impact on the Overall Global Automotive Camera Market

Future Market Forecast and Growth Rates of the Global Automotive Camera Market and by Segments

Market Size of Application/End-User Segments with historical CAGR and Future Forecasts

Analysis of the Automotive Camera Market in Major Regions

Major Production / Consumption Hubs in the Major Regions

Major Production/Supply and Consumption/Demand Hubs in Each Region

Major Country-wise Historic and Future Market Growth Rates of the Total Automotive Camera Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

Garmin Ltd.

Panasonic Holdings Corporation

Continental AG

Autoliv

Robert Bosch GmbH

Magna International Inc.

OMNIVISION

ZF Friedrichshafen AG

Aptiv

STONKAM CO., LTD.

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Notable Emerging Companies Mentioned in the Report

Mobileye N.V.

Valeo

Canon

Zebronics

Renesas

Period Captured in the Report

Historical Period: 2017-2021

Forecast Period: 2022E-2028F

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Automotive Camera Manufacturers

Manufacturers of Automotive Electronics systems

Manufacturers of Automotive Safety systems

Emerging and Startup Companies in Automotive Camera systems

Components Suppliers for Automotive Camera Systems

Automotive Market research and consulting firms

Organizations, forums, and alliances related to Automotive Safety

Automobile Original Equipment Manufacturers (OEMs)

Distributors, Suppliers, and Channel Partners of Automotive Electronics

Associations, organizations, forums and alliances related to automotive camera and safety systems

Government bodies such as regulating authorities and policy makers

Potential Entrants into Automotive Electronics

PE and VC Firms focused on Automotive Electronics Segment

Communications and IT Hardware Companies targeting Automotive Industry

Automotive Research & Consulting Firms

Research and Development Associations

Investment Banking & Financial Institutes

Research & Development Institutes for Automotive Sector

Automotive Camera Providers

Automotive Camera Suppliers

Investors in Automotive Camera Start-ups

Automotive Camera Distributors

Government Ministries and Departments of Transportation

Transport Industry Regulatory Bodies

For more insights on the market intelligence, refer to the link below: –

Global Automotive Camera Market Analysis

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