Research and Markets has announced the addition of the “Global Automotive Camera Market – Growth, Trends, Forecasts (2017-2022)” report to their offering.
The global market for automotive cameras is expected to grow to USD 11.2 billion by 2020 with an estimated CAGR of over 21.34% during 2017-2022.
Ambarella recently launched its A7LA automotive camera solution that enables full 30fps 1080p full HD single and dual view camera configurations, supporting video recording through both the front and rear windshield or even inside the vehicle. This product in particular is a combination of wide dynamic range (WDR), smart auto-exposure and full-resolution oversampling, providing a superior image quality. TRW developed advanced camera solutions for safety systems such as forward collision warning (FCW), following distance indication (FDI) and lane departure warning (LDW).
Growing automotive safety systems, advancements in camera-based drive assistance sensors and growing aftermarket sales of parking cameras are some of the major factors driving the global market of automotive cameras. However, high cost of the module is a major hurdle for the market. These cameras in an automotive cost almost 8 times the module in a mobile phone camera, making it a challenge for entry into the market. However, latest advancements in the camera technology and mass production of these units are expected to bring down the price drastically, creating a scope of venture in the sector. The number of units sold is expected to grow 5 times by 2020 compared to that in 2012.
The market for sensing cameras is expected to grow at a fast rate during the forecasted period. This could be attributed to the higher scope of application of these cameras in the advanced driver assistance systems. The market for cameras in passenger cars dominated the overall automotive market. India and China are emerging as automotive part manufacture hubs and suppliers for the western automakers and this is expected to drive the market for cameras in the Asia-Pacific region to a higher CAGR over the coming 5 years.
Some of the key players in the market are:
- Autoliv, Inc.
- Delphi Automotive PLC
- Denso Corporation
- Robert Bosch GmbH
- TRW Automotive
- Valeo S.A.
Other Companies Mentioned
- Aisin Seiki Co., Ltd.
- Audiovox Corporation
- Continental AG
- Hella KGaA Hueck Co
- INTEC Video Systems Inc.
- McNex Co., Ltd.
- OmniVision Technologies, Inc.
- Panasonic Corporation
- Samvardhana Motherson (SMR)
- Sony Corporation
For more information about this report visit http://www.researchandmarkets.com/research/zn7cbz/global_automotive
View source version on businesswire.com: http://www.businesswire.com/news/home/20170215005478/en/