Research study says global Automotive Camera & Camera Module market is expected to grow at a promising CAGR from 2015 to 2020., Enquire About Report@ http://www.researchbeam.com/automotive-camera-and-camera-module-mnm-market/enquire-about-report
Recent research added report on “Worldwide Automotive Camera & Camera Module Market Overview, Analysis, Demand, Report, Trends, Growth and Research – Global Automotive Camera & Camera Module Market Opportunities and Forecasts, 2015 – 2020”
Automotive camera is a camera installed at front side, rear side, or inside a vehicle for safety purposes. Camera modules contain image sensors that are coupled with electronics components in a vehicle. Automotive camera and camera module help in prevention of collisions, provides enhanced driving experience, and records drivers inclination. The benefit of automotive cameras is assistance in blind spot detection, nap prevention, airbag control, lane & border detection, and parking. Advanced driver assistance system (ADAS) and security & surveillance systems in automotive are using advanced technologies in camera module systems. The advanced technologies include 3D depth sensing, infrared thermal technology, and ultra HD display technology.
The factors propelling the growth of the market are growing influence of new car assessment program (NCAP), increasing demand for luxury vehicles, and demand for safety measures. However, high cost of advanced driver assistance systems (ADAS) hinders the growth of the market. Supportive government policies and growing trend of installing ADAS in passenger cars create opportunities for growth.
The world automotive camera & camera module market is segmented based on application, technology, vehicle type, off-highway vehicle type, and geography. The application segment is further classified based on LDW, ACC, BSD, NVS, DMS, PAS, PDS, and RSR. Technologies covered in the report are digital, thermal, and infrared. The market is further classified on the basis of vehicle type into PC and CV. Off-highway vehicle types included in the report are loaders, excavators, and articulate dump truck. The market is classified geographically into North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA).
The prominent market players are Robert Bosch GMBH, Delphi Automotive PLC, Continental AG, Valeo, Autoliv Inc., Omnivision Technologies Inc., Magna International Inc., Mobileye, AEI Inc., and Stonkam. Partnerships, collaborations, mergers & acquisitions, joint ventures, and others are some of the strategies adopted by these market players to gain strong foothold in the market.
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