According to a recent publication by IndustryARC, in 2018, the global automotive camera market size was $11.34 billion and the demand is projected to grow at a healthy compound annual growth rate (CAGR) of 9.75% during the forecast period of 2019 to 2025.This resonates with the findings that are documented in the recent business publication by IndustryARC titled “[URL=https://industryarc.com/PressRelease/958/Automotive-Camera-Market-Research.html]Automotive Camera Market[/URL] - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast (2019 – 2025).”
Global Automotive Camera Market: Demand Analysis and Growth Forecast
Automotive camera, car DVR, or driving recorder is a camera that continuously records the view from the vehicle’s windscreen, rear camera, or windows. Furthermore, a rare-view mirror dash camera is high-quality visibility. Nowadays, there is a mirror dash came that can record video. Some dash-cameras are even used to record the interior view of the car in 360degree. However, the advanced driver-assistance systems aid the drivers in the process of driving.
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[URL]https://www.industryarc.com/Research/Automotive-Camera-Market-Research-502409[/URL]
Global Automotive Camera Market: Leading Segments
Europe had the largest share of the global automotive camera market in 2018. In countries like Germany and Berlin, ADAS camera has become mandatory for a few years due to stringent rules laid by the government. Owing to this, the European Union is particular about lane departure system, driver monitoring system, and park assist system. Subsequently, this led to Europe’s highest regional automotive camera market share of 26.37% as of 2018.
The estimated opportunities for the growth in this application is anticipated to observe an impressive CAGR of 11.41% during the aforementioned forecast.
Global Automotive Camera Market: Market Trends and Drivers
Continental Virtual A-Pillar: This new technology captures the head movements of the driver using an interior camera placed above the steering wheels. It also captures the live video of the vehicle’s external environment with the camera located on the vehicle’s exterior. It gives a view of a window rather than a live video to the driver.
Multi-Gig Ethernet: The vehicle’s sensors and the camera is calibrated to collect the huge amount of data that is instantly processed to ensure safety that can be made by the vehicle.
Radar: Radar is placed behind the car sheet metal. It is one of the most reliable technology as it can capture the view of hundreds of yards and can grasp the speed of all the objects spotted around.
Global Automotive Camera Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding the majority shares in the global automotive camera market are Continental AG, Magna International Inc, Mobileye N V, Omnivision Technology Inc, Robert Bosch Gmbh, Valeo, Aptiv Plc, Autoliv, Inc, Automation Engineering Inc, Stonkam Co, Ltd.
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.