Automotive Camera Market

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Automotive Camera Market will reach approximately
19 Bn. USD by 2023 with a 19 CAGR over the
forecast period 2023
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Market Highlights As per the report of Market
Research Future (MRFR), the global automotive
camera market is poised to register a market
valuation of nearly USD 19 Billion by 2023, at a
substantial 19 CAGR over the review period
(2017-2023). The global automotive camera market
is driven by several influential factors such as
the increasing demand for enhanced safety and
visibility, owing to the growing prevalence of
accidents caused by the limited vision.
Additionally, the rising impact of new car
assessment program (NCAP) and the increasing
demand for luxury vehicles, followed by the
growing scope of applications of sensory cameras
in automotive advanced driver aid systems is also
projected to fuel the market over the assessment
period. Moreover, the rising demand for improved
looks in passenger cars, coupled with the need
for improved fuel efficiency in automobiles is
also expected to contribute substantially towards
the overall market share over the review period.
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Regional Analysis The regional analysis of
automotive camera market is being studied for
regions such as Asia Pacific, North America,
Europe and Rest of the World.  It has been
observed that North America would be dominating
the automotive camera market owing to high speed
connectivity. Europe is also prominent market for
product and will show immense growth in the
installation of safety technologies in the
passenger cars in Germany, UK, France, and
Italy. Asia Pacific will witness significant
growth mainly in China, India, Japan, Thailand,
Malaysia and South Korea in light of rapid
industrialization along with increasing number of
automobile production. In addition, rising
disposable income along with high standard of
living of the consumers will propel growth of
automotive camera market. Browse Complete Report
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Segmental Analysis The global market for
automotive cameras is segmented on the basis of
types of cameras, applications, and vehicles. The
types of cameras available in the global
automotive market include infrared, digital, and
thermal, among others. The wide range of
applications of automotive cameras consists of
adaptive cruise control, blind-spot detection,
driver monitoring, lane departure warning, night
vision, park assist system, pedestrian detection,
road sign recognition, among others. The types
of vehicles operating in the market are passenger
vehicles and commercial vehicles.
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Competitive Analysis The key market players
acknowledged by MRFR in the global automotive
camera market are ADA-ES Inc. (U.S.), Denso
Corporation (Japan), Allied Vision Technologies
(Germany), Autoliv, Inc (Sweden), Balluf
(Germany),  Delhi Automotive PLC (U.K.), Valeo
S.A. (France), Robert Bosch GmBH (Germany),
Basler AG (Germany),  TRW Automotive (U.S.),
among others
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Industry News September 2019 Foresight
Autonomous Holdings, a leading provider of
automotive vision systems, signed a strategic
collaboration agreement with a Chinese
corporation, Wuhan Guide Infrared, for the
development, distribution, and marketing of
Foresights products along with integrating Guide
Infrareds solutions. September 2019 Hitachi
Automotive Systems, leading Japanese market
player, announced that its stereo camera, which
enabled the detection of pedestrians at night,
was implemented by Suzuki, a global automotive
giant, for its Carry light-duty pickup truck.
Hitachi stated that the Carry was the first light
pickup truck with a stereo camera night-time
detection ability.
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