Automotive Camera Market Motivates the Market Leaders - Robert Bosch GmbH, Continental AG, Aptiv PLC, Stonkam Co., Ltd., Mobileye N.V., Autoliv Inc.

Presently, North America dominates the market, followed by Europe. In 2017, the U.S. dominated the North America market and Germany led the overall market in Europe. However, in the Asia-Pacific region, China currently dominates the market.

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The rise in demand for passenger vehicles coupled with safety & security concerns among consumers and increase in a number of road fatalities drive the growth of the global automotive camera market considerably. In addition, the rise in the trend of installing advanced driver assistance system (ADAS) and legislation mandating the installation of cameras in vehicles are anticipated to provide potential growth opportunities for the market. However, the high installation cost of the cameras is one of the major restraints of the market.

Key Findings of the Automotive Camera Market : 

• On the basis of application, the adaptive cruise control system segment led the global automotive camera market in the year 2017.
• The North America region held the majority of market share in 2017.
• By vehicle type, the passenger car segment has been dominating the global automotive camera market in the year 2017. However, the heavy commercial vehicle segment is expected to grow at the highest CAGR during the forecast period (2018-2025).
• The LAMEA region is anticipated to exhibit the highest CAGR during the forecast period.

Top Impacting Factors

The significant factors that impact the growth of the global automotive camera industry include a rise in demand for passenger vehicles coupled with safety & security concerns among consumers, increase in number of road fatalities, high installation cost, growth in trend of installing advanced driver assistance system (ADAS), and legislation mandating installation of cameras in vehicles. Each of these factors is anticipated to have a definite impact on the automotive camera market during the forecast period.

Key Market Players Profiled

• Automation Engineering Inc.
• Robert Bosch GmbH
• Continental AG
• Aptiv PLC
• Stonkam Co., Ltd.
• Mobileye N.V.
• Autoliv Inc.
• Magna International Inc.
• OmniVision Technologies
• Valeo

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