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.
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.
Request for Free Sample Report: – https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTQ3
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.
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.
Request for Free Sample Report: – https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTQ3
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: –