06th February 2019 – Global Automotive Camera Module Market is expected to grow at a significant CAGR of 21.2% in the upcoming period as the scope and its applications are rising enormously across the globe. Automotive camera module comprises image sensors that help in preclusion of accidents, record driver’s inclination, and offer enhanced driving experience.
The factors that are playing a major role in the growth of market are growing awareness among insurance companies regarding safety measures, high impact of new car assessment program (NCAP), and growing demand for luxury vehicles. However, the high cost of advanced driver assistance system (ADAS) may restrain overall market growth in the years to come. Automotive camera module market is segmented based on product type, technology, vehicle type, application, and region.
Access Automotive Camera Module Market Report with TOC @ https://www.millioninsights.com/industry-reports/automotive-camera-module-market
Driver support cameras and driver assistance cameras are the product types that could be explored in the automotive camera module in the forecast period. The driver assistance camera sector accounted for the substantial market share of the automotive camera module and is estimated to lead the overall market in the years to come.
Based on technology, thermal, infrared, and digital could classify automotive camera module in the forecast period. The digital sector accounted for the substantial market share of the automotive camera module in terms of volume and is estimated to lead the overall market in the years to come. In addition, the infrared sector is estimated to grow at the fastest pace in the years to come.
Electric vehicles, passenger vehicles, and commercial vehicles are the vehicle types that could be explored in the Automotive Camera Module in the forecast period. Electric vehicle sector comprises hybrid vehicles, battery-operated electric vehicles, and plug-in hybrid vehicles. Passenger vehicles comprise sports utility vehicles, hatchback cars, multi-purpose vehicles, and sedans. Commercial vehicles comprise heavy and lightweight vehicles.
The market may be categorized based on applications like blind spot detection (BSD), lane departure warning, adaptive cruise control (ACC), pedestrian detection, road sign recognition systems, park assist, night vision, driver monitoring, and the others that could be explored in the automotive camera module in the forecast period. The lane departure-warning sector is estimated to grow at the highest CAGR in the years to come. Also, park assist sector is estimated to grow at the fastest pace in the years to come.
Key Vendors
• Autoliv
• Continental
• FUJITSU
• Gentex
• Magna
• Mcnex
• Panasonic
• Sekonix
• Sony
• Valeo
Key Questions Answered in this Report
• What will the market size be in 2022?
• What are the key factors driving the global automotive camera module market?
• What are the challenges to market growth?
• Who are the key players in the automotive camera module market?
• What are the market opportunities and threats faced by the key players?
Request a Sample Copy of Automotive Camera Module Market Report @ https://www.millioninsights.com/industry-reports/automotive-camera-module-market/request-sample
Key Applications
• Dash Camera
• Backup
• Surround
• ADAS