![]() The key market players profiled in the report are Automation Engineering Inc., Robert Bosch GmbH, Continental AG, Aptiv PLC, Stonkam Co., Ltd., Mobileye N.V., Autoliv Inc., Magna International Inc., OmniVision Technologies, and Valeo. On the contrary, expected increase in trend of installing advanced driver assistance systems (ADAS) and legislations mandating installation of cameras in vehicles are expected to provide lucrative opportunities for emerging as well as existing players in the global automotive camera market. However, high installation cost of the cameras restricts the market growth. In addition, social factors such as a surge in awareness of road safety by the people and implementation of stringent road safety regulations by the government are anticipated to fuel the market growthįurthermore, the safety and security concerns among consumers have increased tremendously, thereby having a positive impact on the growth of global automotive camera market. Furthermore, rise in number of road fatalities is expected to stimulate the growth of the market. The automotive camera market is expected to grow at a significant rate, due to an increase in sales of automobiles and advancement of sensors used in cameras. Furthermore, they are embedded with advanced computer vision algorithms, which extract meaningful data from the captured images to assist the driver for various purposes, and play a crucial role in advanced driver assistance systems (ADAS). These cameras are majorly used to assist the driver for parking, to assess vehicle performance, for night vision, and to gather critical evidence. The global automotive camera market was valued at $11,401.6 million in 2017, and is projected to reach $24,092.1 million by 2025, registering a CAGR of 9.70% from 2018 to 2025. The automotive camera is an onboard camera, which is designed to capture the highest quality video to extend visibility for enhancing the safety of the driver. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |