Leading manufacturers of automotive cameras are leveraging the wide angle lenses’ popularity. Several OEMs have been continuously exploring safety solutions having capability to capture driver blind spots. Camera module manufacturers and OEMs are likely to collaborate and increase their investments for developing new technologies pertaining to automotive cameras.
A report recently collated by Transparency Market Research (TMR) has profiled key companies supporting growth of the automotive camera market worldwide. These market players include Media Data Systems Pte Ltd., Robert Bosch GmbH, Delphi Automotive LLP, Valeo Inc., KYOCERA Corporation, Transcend Information Inc., Ficosa International S.A., Continental AG, Qrontech Co. Ltd., Autoliv Inc., and Ambarella.
Worldwide Sales of Automotive Cameras to Reach approximately US$ 4,800 Mn Revenues by 2026-end
The report projects the global automotive camera market to exhibit an impressive CAGR through the forecast period (2017-2026). Growing demand for various cameras such as digital camera, infrared camera, and thermal camera in passenger cars and commercial vehicles is expected to pave immense industry potential. Automotive camera sales across the globe are estimated to account for approximately US$ 4,800 Mn revenues by 2026-end.
Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report here
With slowdown in the global economic growth, several industrial sectors suffered stagnancy and automotive camera industry was no exception. Yet, it still has maintained a relatively optimistic expansion over the recent years. Growth of the global automotive camera market is primarily being fuelled by surging demand for complementary metal-oxide semiconductor image sensors (CMOS image sensors). These sensors deliver an improved experience by providing a broad-angle view of the surroundings.
In addition, there has been a tremendous surge in adoption of safety solutions, particularly the driver assistance & safety systems such as lane departure warning system (LDWS), blind spot detection system (BSD), forward collision warning system (FCW), head-up displays, and pedestrian protection. Furthermore, shifting focus of automotive manufacturers toward replacing side-view mirrors with cameras will buoy expansion of the automotive cameras market in the upcoming years.
For More Information, Ask an Analyst@
Key Research Findings from TMR’s Report on Automotive Camera Market
- Rear-view enhancement cameras will continue to be the dominant product in the market, followed by corner-view cameras
- Based on vehicle type, revenues from sales of automotive cameras in compact passenger cars will account for the largest share of the market during 2017 to 2026
- Although parking surround view is expected to remain most profitable application of automotive cameras, sales in drowsiness application will register the highest CAGR through 2026
- By technology, revenues from sales of stereo cameras and infrared cameras are projected to account for over three-fourth share of the market by 2026-end
0 comments:
Post a Comment