As per the research by Market Research Future Reports (MRFR), the global vehicle camera market is estimated to expand at a CAGR of 10% during the forecast period. The global vehicle camera market 2020 is likely to be majorly driven by the implementation of various stringent rules regarding road safety. The other important factor which propels the market is the technological advancement in the cameras. Not only this, but the technology developed cameras also are low-cost cameras and can be easily afforded. Hence, it augments the demand and propels the market at a global level.
Moreover, the vehicle cameras offer real time records which produce sufficient evidence for the incidents like accident, theft, and others. The demand for automobiles that are technically developed with robust safety features is increasing at a fast pace. It is likely to increase the sales vehicle cameras since they are being incorporated in passenger and commercial cars. In addition, the demand for the vehicle camera market in several verticals is likely to encourage market expansion. Besides, the benefits can be availed easily in claiming insurance from the insurance companies. On the other hand, the expansion of the market is likely to be restricted by the rules imposed by the several governments which are associated to the public video recording.
Due to the sudden outbreak of novel coronavirus, there has been an immense change in the market dynamics. Several regions have been affected due to the pandemic. We will provide COVID-19 impact analysis with the report.
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Key Players
- S.Will Industrial Ltd. (China)
- Delphi Automotive PLC (U.K.)
- Robert Bosch Gmbh (Germany)
- Autoliv Inc (Sweden)
- Continental AG (Germany)
- Qrontech Co. Ltd. (South Korea)
- Valeo (France)
- GoPro Inc. (U.S.)
- DCS Systems Ltd. (U.K.)
- Falcon Electronics LLC (Balkans)
- Transcend Information Inc. (Taiwan)
Market Segmentation
The global vehicle market can be segregated on the basis of vehicle type, camera type, technology, end-use application, and region.
On the basis of vehicle type, the global vehicle market can be classified into a commercial vehicle and passenger vehicle.
On the basis of the camera type, the global vehicle market can be classified into the front view, rear view, and interior cam.
On the basis of technology, the global vehicle market can be classified into night vision recording, built-in GPS, accident sensor, and others.
On the basis of the end-use application, the global vehicle market can be classified into government and defense, private vehicles, transportation vehicles, and others.
On the basis of region, the global vehicle market can be classified into Asia-Pacific, Europe, North America, and RoW (Rest of the world).
Regional Analysis
The geographical analysis of Asia-Pacific, Europe, North America, and RoW (Rest of the world) has been conducted. As per the analysis, the North American region is likely to dominate the market during the forecast period. The presence of developed countries like the U.S. and Canada has played a major role in the regional growth of the market. The key players situated in the region have started offering schemes such as in-car camera incentive programs that augment the market. Besides, the growing concern regarding safety has also contributed to the market expansion. On the other hand, the Asia-Pacific region is likely to expand significantly during the forecast period due to increasing awareness for the benefits of installation of vehicle cameras such as protection against theft and robbery.
However, due to the outbreak of pandemic coronavirus, several regions have been adversely affected. The dynamics of the market are changed significantly due to the observation of worldwide lockdown.
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Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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