The global bus RVC market is currently valued at more than 201 thousand units and is expected to reach almost 408 thousand units by 2021, says Technavio.
Technavio has announced its latest market research report on the global bus rear-view-camera (RVC) market, under its automotive electronics portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like STONKAM, Luminator Technology, Rear View Safety, and Vision Techniques.
According to Sharan Raj, a lead analyst for automotive electronics research at Technavio, “Consumers are now more aware of safety systems and technologies and are actively participating in the improvement of safety systems for their vehicles. This is resulting in the increased installation of electronic equipment such as cameras and sensors, even in the mid-segment buses. Such developments are translating to increase the demand for in-vehicle electronic devices to examine situations and prevent accidents.”
Driver assistance and safety systems applications include blind spot deduction (BSD), forward collision warning (FCW), surround-view systems, LDWS, RVC, and night vision systems (NVS). These safety systems examine road conditions and alert drivers of possible risks to minimize the risk of road accidents.
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Accelerating use of wide-angle camera technology in automotive
The use of wide-angle lenses in automotive camera module is gaining traction in the global market owing to its wide field coverage and enhanced picture quality. OEMs are exploring safety solutions that capture the driver’s blind spots on the road and are increasingly leveraging wide-angle technology to increase the coverage field of cameras. OEMs and camera module manufacturers also are actively investing in improving the output from wide angle cameras.
Shifting preference towards clear packaging
Automobile manufacturers in collaboration with automotive safety and automotive camera manufacturers are integrating RADAR and cameras in an attempt to achieve the goal of zero road fatalities. Such an integration of technologies makes it possible to offer optimum safety solutions for the consumers and vehicles, by enabling a group of active safety and driver assistance systems, which will include pedestrian detection and protection systems, FCW, adaptive cruise control, LDW, and lane assistance, and parking assistance.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Bus RVC Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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