According to a new market report published by Lucintel, the future of the global automotive camera market looks promising with opportunities in the markets of compact cars, large cars, and light commercial vehicles. The global automotive camera market is expected to reach an estimated $7.5 billion by 2023 with a CAGR of 24.3% from 2018 to 2023. The major drivers for this market are growing demand for advanced driver assistance systems in cars with increasing focus on connected vehicle features, and mandatory government regulations to have a rearview backup camera installed in every vehicle in North America and Europe. The National Highway Transportation Safety Administration (NHTSA) has made it mandatory for all vehicles to install a backup camera system by 2019 due to increase in the number of accidents and injuries in the United States.
Browse 143 market data tables and 171 figures spread through 261 pages and in-depth TOC on “Global Automotive Camera Market”
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In this market, different types of automotive camera such as digital cameras, thermal cameras, and infrared cameras are used as technology. On the basis of its comprehensive research, Lucintel forecasts that the digital camera and thermal camera segments are expected to show above average growth during the forecast period.
Within the global automotive camera market, the light commercial vehicle segment will remain the largest market. Customers are looking for high-tech and safety features in light commercial vehicles, which will foster growth opportunities for camera suppliers.
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North America will remain the largest market due to the new regulation that has been passed by the U.S. government to install rear view camera in every vehicle, growing demand for comfort and luxury in vehicles, and increasing investment by industry players within the North American region.
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Emerging trends, which have a direct impact on the dynamics of the automotive camera by industry, include the introduction of recognition camera technology that results in mirrorless cars and the increased usage of wide angle camera technology. Robert Bosch, Continental AG, Centex, Magna, Valeo, and Panasonic are among the major automotive camera manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global automotive camera market by technology, vehicle, application, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Automotive Camera Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive camera market by technology, vehicle, application, and region as follows:
By Technology ($ Million and Million Units from 2012 to 2023):
- Digital Camera
- Thermal Camera
- Infrared Camera
By Vehicle Type ($ Million and Million Units from 2012 to 2023):
- Small Cars
- Compact Cars
- Large Cars
- SUV and Crossover
- Light Commercial Vehicles
By Application ($ Million and Million Units from 2012 to 2023):
- Rear View Cameras
- Front View Cameras
- Side View Cameras
- Interior View Cameras
By Region [$M shipment analysis for 2012 – 2023]:
- North America
– United States
– Canada
– Mexico
- Europe
– Germany
– France
– UK
– Russia
– Italy
- Asia Pacific
– China
– India
– Japan
– South Korea
– Indonesia
- The Rest of the World
– Brazil
– Turkey
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This 261-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-camera-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global automotive camera market by technology (digital cameras, thermal cameras, and infrared cameras), vehicle type (small cars, compact cars, large cars, SUVs and crossovers, and light commercial vehicles), application type (rear view cameras, front view cameras, side view cameras, and interior view cameras), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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