"Vehicle Cameras Market to register Tremendous Growth"
The vehicle cameras market worldwide is expected to grow with a CAGR of 10.30% during the forecast period from 2019 to 2027, starting from US$ 9.30 Bn in 2018. Vehicle cameras are useful in various instances such as to prevent theft, to avoid collisions, blind spot detection, driver monitor system and others. Every year nearly 1.25 Mn people die in road crashes, with additional 20-50 Mn being injured. These cameras are attached at different positions in the vehicle such as on dashboard, front/rear bumper and on the windshield to give a 360-degree view of the vehicle’s surroundings. Vehicle cameras have numerous benefits such as record road trip memories, unexpected occurrences, rash driving and others. On account of these benefits and rise in awareness, we are expecting huge growth in the vehicle cameras market during the forecast period.
Market Synopsis
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"Multi-Camera System to Emerge as the Market Leader"
Based on the view type, the multi-camera system will emerge as the market leader and will hold more than 50% market share during the forecast period. The multi-view system consists of four cameras mounted in the front, back and two side cameras integrated into the exterior rear view mirrors. Further, with an aperture of 190 degrees each, they capture the vehicle’s entire surroundings to form a 360-degree view. These cameras have numerous benefits such as enhanced parking assistance, avoid collisions, blind spot detection and others. On account of its benefits, we are expecting the multi-camera system to emerge as the market leader throughout the forecast period.
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"North America to Lead the Market Throughout the Forecast Period"
In 2018, North America led the market followed by Europe. In 2018, in North America, nearly 36,750 people died due to road accidents. The safety regulations introduced by the government in this region and various insurance schemes such as in-car camera incentive program gives a boost to the market. In North America, people and government want to reduce collision deaths, so they are adopting related safety measures. As a result, the vehicle cameras market is growing. Due to government regulations in Europe and rise in awareness of these cameras in the Asia Pacific, we are expecting huge growth in the region.
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Some of the prominent players operating in the vehicle cameras market include Robert Bosch GmbH, Continental AG, Aptiv PLC, Stonkam Co., Ltd., Autoliv Inc, Valeo S.A., Automation Engineering Inc., Mobileye, OmniVision Technologies Inc., Ficosa International S.A., Clarion, Qrontech Co. Ltd., GoPro Inc., DCS Systems Ltd., Transcend Information Inc., Falcon Electronics LLC, Garmin International, Inc and others. and others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The vehicle cameras market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global vehicle cameras market based on technology, application, channel, view type, vehicle type and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Technology Type (2019–2027; US$ Bn)
• Thermal Cameras
• Infrared Cameras
• Digital Cameras
|
|
Application Type (2019–2027; US$ Bn)
• Park Assist
• Dashcams
• Others (Driver Monitor Systems, Blind Spot Detections etc.)
|
|
Channel (2019–2027; US$ Bn)
• OEMs
• Aftermarket
|
|
View Type (2019–2027; US$ Bn)
• Single View System
• Multi-Camera System
|
|
Vehicle Type (2019–2027; US$ Bn)
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
|
|
Geography Segment (2019–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of vehicle cameras in 2018 and forecast up to 2027?
- Which is the largest regional market for vehicle cameras?
- What are the major trends followed in overall vehicle cameras across different regions?
- What are the key market trends and high-growth opportunities observed in the vehicle cameras market?
- What are the drivers of the vehicle cameras market?
- Who are the key vehicle cameras companies leading the market?
- What are the key strategies adopted by the leading vehicle cameras companies in the market?
Unique data points of this report
- Statistics on-vehicle cameras worldwide
- Recent trends across different regions in terms of adoption of vehicle cameras
- Notable developments going on in the vehicle cameras industry
- Attractive investment proposition for vehicle cameras segment as well as geography
- The comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
