Growing concerns regarding passenger & vehicle safety will drive automotive camera market growth over the coming years. Technological advancement in advanced driver-assistance systems (ADAS) along with rise in demand for active vehicle safety features will support product penetration. Increasing number of road accidents coupled with stringent safety norms will encourage automakers to opt for advanced automotive cameras and sensors, augmenting global automotive camera industry size.
What is a trifocal camera system and what are the factors driving trifocal camera demand?
Trifocal camera systems offer a wide viewing angle and can effectively identify the accurate distance between a vehicle and nearby objects. These cameras can offer an improved depth perception & better distant-object detection compared to mono & stereo type cameras. Increasing shift towards semi-autonomous & autonomous vehicles is expected to boost product adoption. Moreover, rapid production and demand for mid-priced, economic vehicles will foster industry size.
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Will passenger vehicle segment offer growth impetus to automotive camera market?
Rising demand and sales of passenger vehicles along with rapid advancements in camera technology will boost market size. Nowadays passenger vehicles are integrated with precision cameras to offer advanced safety features like autonomous braking, blind spot detection and lane departure warning. Cameras are also integrated inside a vehicle to attain real-time evidence in case of an accident. Rapid technological advancements in the automotive sector coupled with increased spending on passenger vehicles will supplement industry size.
What are the major trends in North America automotive camera market?
High demand for luxury vehicles in the U.S. and Canada will expand North America Market size. Increase in number of road accidents in the U.S. will boost integration of ADAS & other safety systems in upcoming vehicles. Moreover, growing demand for rear-view vehicle cameras will provide lucrative growth prospects to market players.
Stringent federal norms mandating use of vehicle safety features will further accelerate market size. For instance, in 2018, the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) announced that all new vehicles manufactured in the U.S. after May 2018 should be sold with rear-view cameras to offer increased driver visibility. Reliable reports also estimate North America automotive camera market to grow at around 24% CAGR between 2019-2025.
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Increased focus on passenger & vehicle safety will drive automotive camera industry size. Growing use of trifocal camera in mid-priced vehicles will augment market growth. Global Market Insights, Inc., estimates market size to exceed USD 19 billion by 2025.
Table of Contents (ToC) of the report:
Chapter 4. Market, By Type (Revenue & Shipment)
4.1. Key trends by type
4.2.1. Market estimates and forecast, 2015 – 2025
4.3.1. Market estimates and forecast, 2015 – 2025
4.4.1. Market estimates and forecast, 2015 – 2025
Chapter 5. Market, By Vehicle Type (Revenue & Shipment)
5.1. Key trends by vehicle type
5.2. Passenger Cars
5.2.1. Market estimates and forecast, 2015 – 2025
5.3. Utility Vehicles
5.3.1. Market estimates and forecast, 2015 – 2025
5.4. Commercial Vehicles
5.4.1. Market estimates and forecast, 2015 – 2025
Chapter 6. Market, By Application (Revenue & Shipment)
6.1. Key trends by application
6.2.1. Market estimates and forecast, 2015 – 2025
6.2.2. Lane departure systems
18.104.22.168. Market estimates and forecast, 2015 – 2025
6.2.3. Emergency braking systems
22.214.171.124. Market estimates and forecast, 2015 – 2025
6.2.4. Forward collision warning
126.96.36.199. Market estimates and forecast, 2015 – 2025
188.8.131.52. Market estimates and forecast, 2015 – 2025
6.3. Parking Assist
6.3.1. Market estimates and forecast, 2015 – 2025
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