TechNavio today launched its report, Global Automotive Camera Module Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The Global Automotive Camera Module market is currently witnessing several improvements in terms of product quality and design. Moreover, technological developments such as the integration of radar and sensor fusion into multiple applications help reduce the prices of camera-based safety systems, leading to their increased adoption. Thus, manufacturers are producing high-quality camera-based safety systems at affordable prices. In addition, the Global Automotive Camera Module market is witnessing increased investment in RandD to enhance vendors’ product development capabilities.”
According to the report, one of the major drivers in this market is the demand for camera systems to facilitate compliance with governmental regulations in various countries. The governments in various regions, particularly in Europe and North America, are increasingly promoting advanced vehicle safety technologies to eliminate vehicle blind spots and prevent backup accidents. Many governments across the world are also launching initiatives to encourage the use of security features in automobiles to reduce the occurrence of road accidents.
Further, the report reveals that camera systems are mostly limited to Premium segment vehicles, and this is a major threat to the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-automotive-camera-module-market-…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research Report – Global Automotive Camera Module Market 2012-2016
