Global Automotive Camera Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Automotive Camera Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global automotive camera market report has been segmented as per vehicle type, technology type, application, and region.

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Global Automotive Camera Market: Overview

The automotive camera is used in commercial and passenger vehicles for performing several operations such as night vision, cruise control, parking, and others. The different type of camera technologies used in various vehicles for example obstacle detection system and blind spot monitoring system in the vehicles.

Global Automotive Camera Market: Dynamics

Rising penetration of advanced safety systems and camera based advanced driver-assistance systems (ADAS) in automotive sector across the globe are major factors projected to drive growth of the global market during the forecast period. In addition, growing automobile sector along with technological advancement in automobile cameras and increasing penetration of automotive camera in the passenger vehicles across the globe are key factors projected to support growth of the target market over the forecast period.

Growing security and safety concerns among individuals while driving a vehicle and stringent government regulations on road safety in emerging countries are other major factors fueling growth of the global market. In addition, growing demand for luxury vehicles among individuals in developing countries and rising influence of “New Car Assessment Programs” among individuals around the globe are other key factors expected to boost growth of the global market over the forecast period.

Furthermore, growing technological advancements in various type of automotive cameras such as infrared camera and thermal camera is a major factor expected to proliferate growth of the target market. Also, rising demand for advanced sensing cameras among vehicle owners due to increasing traffic and road accidents in various countries is expected to propel growth of the global market.

However, high installation and maintenance cost of automotive cameras are some factors expected to hamper growth of the global market to a certain extent.

Global Automotive Camera Market: Segment Analysis

Among vehicle type, the passenger vehicle segment is expected to register significant growth in the global automotive camera market, owing to rising adoption of automotive camera in passenger vehicles across the globe.

Increasing awareness about various features of thermal camera which is mainly used in night vision system and in adverse weather conditions such as fog, snow, and rain to reduce road accidents is a primary factor driving revenue growth of the thermal camera segment among technology type segment.

Global Automotive Camera Market: Region Analysis

The market in North America is projected to dominate in the global market followed by market in Europe and are expected to continue their dominance over the next 10 years. High awareness about road safety measures among individuals, high rate of advance driver assistance systems installation, and high demand for luxury vehicles in Canada, US, Germany, and France are factors supporting growth of the target market in these regions. The automotive camera market in Asia Pacific region is projected to register significant growth in the global market over the forecast period, owing to rising penetration of automotive camera passenger vehicles and increasing awareness about advanced safety features among individuals in countries in the region. Market in Middle East & Africa and Latin America are expected to witness average growth in terms of revenue, owing to rising awareness about driver-assistance system among individuals in these regions.

Global Automotive Camera Market Segmentation:

Segmentation by vehicle type:

LCV (Light Commercial Vehicle)
HCV (Heavy Commercial Vehicle)
PV (Passenger Vehicle)

Segmentation by technology type:

Thermal Camera
Infrared Camera
Digital Camera

Segmentation by application:

Driver Monitoring System
Park Assist System
Night Vision System
Blind Spot Detection
Others (Adaptive Cruise Control System, Autonomous Emergency Braking System, and Lane Departure Warning System)