Global Automotive Camera Market: Size, Trends & Forecast with Impact Analysis of COVID-19 (2022-2026)

Global Automotive Camera Market: Size, Trends & Forecast with Impact Analysis of COVID-19 (2022-2026)Scope of the Report

The report titled “Global Automotive Camera Market: Size, Trends & Forecast with Impact Analysis of COVID-19 (2022-2026)”, provides an in depth analysis of the global automotive camera market by value, by vehicle type, by application, by region, etc. The report provides a regional analysis of the automotive camera market, including the following regions: North America, Europe (Germany, UK, Russia and Rest of Europe), Asia and ROW. The report also provides a detailed analysis of the COVID-19 impact on the global automotive camera market.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the global automotive camera market has also been forecasted for the period 2022-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The global automotive camera market is fragmented with the presence of many major players. The key players of the market: Bosch GmbH, Continental AG, Magna International Inc., and Autoliv Inc. are also profiled with their financial information and respective business strategies.

Country Coverage

North America
Europe
Asia
ROW

Company Coverage

Bosch GmbH
Continental AG
Magna International Inc.
Autoliv Inc.

Executive Summary

Automobiles have made it simple and painless to travel everywhere. As the new world tries to be self-sufficient in all aspects, it has entered the automobile industry. Despite the fact that early methods for autonomous evaluation by electronic sensor systems in cars exist, today's traffic environment, including traffic and information signs, road markings, and vehicles, is designed for human visual perception. To do this, different shapes, colors, or a temporal variation in the signals are used. As a result, utilizing a technology like automotive cameras for machine perception of the environment that is similar to the human eye is a good choice.

The automotive camera is an onboard camera that is designed to collect high-resolution video in order to improve visibility and safety for the driver. These cameras are generally used to assist drivers with parking, vehicle performance evaluation, night vision, and evidence gathering. Furthermore, they contain complicated computer vision algorithms that extract relevant data from taken photographs to assist the driver with a range of objectives, and they play an important role in modern driver assistance systems (ADAS).

The automotive camera market can be divided into two segments: by vehicle type (commercial vehicles camera and passenger vehicles camera), and by application (park assist system camera, lane departure warning system camera, adaptive cruise control system camera, autonomous emergency braking system camera, blind spot detection camera and other automotive camera).

The global automotive camera market is projected to rise considerably in the next four years i.e. 2022-2026. The global automotive camera market is expected to rise due to increasing demand for electric vehicles, rapid urbanization, growing young population, increasing number of road fatalities, government safety norms, and growing popularity of autonomous driving. The market also faces some challenges like high cost of implementation, and constraints in real time image processing.