According to Stratistics MRC, the Global Vehicle Camera market is expected to grow from $11.76 billion in 2016 to reach $25.69 billion by 2023 with a CAGR of 11.8%. Increasing number of road accidents worldwide, growing adoption of ADAS in modern automobiles and increasing focus of insurance companies on reducing costs due to accidents are some of the key factors driving the market growth. However, strict government regulations in countries concerned with public video recording is hampering the market growth. Deployment of advanced technologies and equipment is expected to create huge opportunities for the vehicle camera market.
By end user, private vehicles segment dominated the market owing to adoption of vehicle cameras for safety and security of their vehicles, video recording in case of accidents and theft for legal processes among others. Geographically, North America holds for the largest market share in terms of revenue due to increasing adoption of advanced driver assistance systems ADAS in automobiles used for private and commercial purposes. In addition many companies are coming forward in offering schemes such as incar camera incentive program and safety regulation by government encouraging the consumers for the installation of these cameras.
Some of the key players in the Vehicle Camera market include Omnivision Technologies Inc., Continental AG, Robert Bosch GmbH, AEI Inc., Valeo Stonkam, Magna International Inc, Delphi Automotive PLC, Mobileye, Autoliv Inc., Transcend Information, Inc., Qrontech Co. Ltd., S.Will Industrial Ltd., GoPro and DCS Systems Ltd.
Product Types Covered:
Camera Module
Camera
Technologies Covered:
Thermal Camera
Digital Camera
Infrared Camera
Prices Covered:
HighEnd above US$ 200
Affordable up to US$ 100
MidRange US$ 100 to US$ 200
End Users Covered:
Transportation Vehicles
Government Defense Vehicles
Private Vehicles
Commercial Vehicles
Other Vehicles
Regions Covered:
North America
o US
o Canada
o Mexico
Europe
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
South America
o Argentina
o Brazil
o Chile
o Rest of South America
Middle East Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East Africa
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends.
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Original Article: Vehicle Camera Global Market Outlook 20172023 [Report Updated: 01122017] Prices from USD $4150
NEXT ARTICLE