- Global Automotive Camera Market to grow at 34.55 percent for the period 2012-2016
- “View Camera” among top product segments in this market with 59 percent of the market share
The Global Automotive Camera market will be growing at a CAGR of 34.55 percent during the forecast period 2012-2016, according to the latest research findings by the independent London-based global research firm.
The report focuses on the Automotive View Camera segment and the Automotive Sensing Camera segment. According to research findings, the Automotive View Camera segment dominates the market in 2012 accounting for more than 70 percent of this market. However, it will be the Automotive Sensing Camera segment, which will dominate the market by 2016, as the demand for these cameras will be increasing further during the forecast period.
Global Automotive Camera Market by Application 2012-2016
Source: TechNavio Analysis
Speaking on this occasion, one of the senior analyst and co-author of this report said, “The increasing number of vehicles across the world is boosting the demand for automotive direct view camera systems. These systems help drivers interpret the surroundings of a vehicle to identify critical situations and thus avoid any untoward incidents. Preventing and minimizing the impact of accidents are the major use of these camera systems, thus driving the Global Automotive Direct View Camera market.”
Key drivers like legislative developments in countries including Japan, US, and those in Europe aimed at controlling road fatalities, particularly ones involving large sport utility vehicles and light goods vehicles are helping to drive the growth of this market.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of drivers, challenges, and trends of this market featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on https://www.technavio.com/report/global-automotive-camera-market-2012-2016 please send an e-mail to enquiry@TechNavio.com.
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TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global Automotive Camera Market 2012-2016. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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