Global Automotive Camera Market – Growth, Trends, Forecasts (2015-2020)
Ambarella recently launched its A7LA automotive camera solution, which enables a full 30fps 1080p full HD single and dual view camera configurations, supporting video recording through both the front and read 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). The global market for Automotive Camera is expected to grow to $11.2 billion by 2020 with an estimated CAGR of 21.34% over the forecasted period. Autoliv, Inc., Delphi Automotive PLC, Denso Corporation, Robert Bosch GmbH, Valeo S.A and TRW Automotive are the key players in the market. Growing automotive safety systems, advancements in camera-based drive assistance sensors, growing aftermarket sales of parking cameras are some of the major factors driving the market of the global automotive cameras. However, higher cost of the module is a major hurdle for the market. These cameras in an automotive cost almost 8 times that to a module in a mobile phone camera, making it a challenge for the 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 in expected to grow 5 times by 2020 compared to that in 2012 as such. The report is segmented by type, by application type, by vehicle type and by geography. The market for sensing cameras is expected to grow at a faster rate during the forecasted period. This could be accounted to the higher scope of application of these cameras in the advanced driver assistance systems. The market for cameras in passenger cares dominated the overall automotive market. India and China emerging as automotive part manufacture hubs and suppliers for the western automakers is expected to drive the market for cameras in the Asia Pacific region at a higher CAGR over the coming 5 years. Our Report Specialties This report on Global automotive camera market, analyzes the current market trends on a global and region scale in detail. This report offers the technical aspects and economic data of the market and its forecast to the next 5 years (2015-2020). It also discusses the latest technologies in the automotive camera systems and modules that are under development and in research pipeline. This report provides the list of major players in the market and gives an in depth analyst perspective of what makes the products and strategies of these players stand out. This also offers an overview of the major suppliers in the market, giving an insight of potential partnerships.