Multi-camera system
is a combination of a camera and an integrated electronic unit used for
various applications in the vehicle. The multi-camera system helps in
functioning of ADAS (Advanced Driver Assistance System) features such as
object detection, blind spot detection, and traffic sign recognition.
Technological developments in electronic
components are augmenting the use of multi-camera systems. Furthermore,
the ever-increasing production of vehicles and rising demand for
lightweight and luxurious vehicles are projected to boost the
multi-camera systems market during the forecast period. Development of
autonomous and electric vehicles leads to more use of multi-camera
systems. Consumers of automobiles are demanding the vehicles
incorporated with more user-friendly features. Taking this into
consideration, vehicle manufacturers are focusing on making more
user-friendly dashboard with advanced technology features. Ease of
access to the vehicle is a key in developing multi-camera systems as a
unit on the dashboard.
Multi-camera systems reduce the manual
work by providing information of everything around the vehicle. By
taking safety of the consumer into account, manufacturers are
concentrating more on safety measures and multi-camera systems are
useful in providing the information related to safety of the vehicle. A
multi-camera system also works along with an in-dash navigation system
equipped with GPS, which enables the driver to opt for the shortest
possible route and thereby, during the process, reduce vehicular
emissions. Complexity and high cost are major issues which may hamper
the multi-camera systems market in the near future.
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Based on vehicle type, the multi-camera
systems market can be classified into passenger vehicles (PVs) and
commercial vehicles (CVs). Passenger vehicles include hatchback cars,
sedans, multipurpose vehicles (MPVs), and sport-utility vehicles (SUVs).
Commercial vehicles include lightweight commercial vehicles (LCVs) and
heavy commercial vehicles (HCVs). Use of multi camera system is more in
passenger vehicles than commercial vehicles.
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