Vehicle Camera Market by Application (DMS, BSD, ACC, NVS, PAS), Product Type (Camera, Camera module), Technology, Vehicle

Vehicle Camera Market by Application (DMS, BSD, ACC, NVS, PAS), Product Type (Camera, Camera module), Technology (Infrared, digital, thermal), Vehicle Type, & by Region - Global Trends & Forecast to 2020

By: marketsandmarkets.com
Publishing Date: October 2015
Report Code: AT 3856

The global vehicle camera market is projected to grow at a CAGR of 11% from USD 10.1 Billion in 2015 to USD 17 Billion by 2020, while the global vehicle camera module market is projected to grow at a CAGR of 11.8% from USD 3.8 Billion in 2015 to USD 6.6 Billion by 2020.

Vehicle cameras are mainly incorporated in Advance Driver Assistance Systems (ADAS). ADAS includes technologies such as Lane Departure Warning, Adaptive Cruise Control, Blind Spot Detection, Pedestrian Detection, Driver Monitoring, Park Assist System, Night Vision, and Road Sign Recognition Systems. The North American region is estimated to lead the market, in terms of value, in 2015. This can be mainly attributed to the growing demand of luxury vehicles, coupled with increasing installation of ADAS in passenger cars and commercial vehicles in North America. The European region is estimated to be the second-largest market for vehicle camera, following the growing trend of installing ADAS and legislation mandating the installation of safety technologies in the passenger cars.

The research methodology used in the report involves various secondary sources including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the vehicle cameras market. The bottom-up approach has been used to estimate the market size, in which country-wise vehicle sales statistics has been taken into account for each vehicle type.

The average number of cameras that go into each vehicle category has been identified and multiplied by vehicle sale numbers to get the country-level vehicle cameras volume to arrive at the market size, in terms of volume, for vehicle cameras. This country-wise market size, in terms of volume, of vehicle cameras for each vehicle type is then multiplied with the country-wise average OE price (AOP) of vehicle cameras required for each application. This results in the country-wise market size, in terms of value. The summation of the country-wise market gives the regional market and further summation of the regional market provides the global s vehicle cameras market.

Figure below shows the break-up of profile of industry experts, who participated in primary discussions.

The vehicle camera ecosystems consist of manufacturers including Robert Bosch (Germany), Continental AG (Germany), and Delphi Automotive PLC. (U.K.), research institutes such as the Automotive Research Association of India (ARAI), European automotive research partners association (EARPA), and the United States Council for Automotive Research (USCAR), and regional automobile associations such as China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), and European Automobile Manufacturers Association (ACEA) among others.

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Comments

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