TechNavio recognizes the following companies as the key players in the Global Automotive Camera Market: Continental AG, Delphi Automotive plc, Denso Corp., and Robert Bosch GmbH.
Commenting on the report, an analyst from TechNavio’s team said: “Increasing adoption of camera-based advanced driver assistance systems is one of the major trends which is expected to propel the growth of the Global Automotive Camera market. Camera-based advanced driver assistance systems such as park/reverse advanced driver assistance systems are expected to grow rapidly during the forecast period. Furthermore, the Global Advanced Driver Assistance Systems market was valued at US$5.8 billion in 2012 and it is expected to reach US$13.1 billion by 2016, growing at a CAGR of 22.59 percent. This is expected to boost the demand for cameras in automobiles, leading to the growth of the Global Automotive Camera market.”
According to the report, one of the main drivers in this market is the growth of the Global Automotive Safety Systems market. The increasing demand for safety systems used in automobiles has a direct positive influence on the demand for advanced automotive systems, resulting in increasing demand for automotive cameras.
Further, the report states that one of the main challenges in this market is the high cost of automotive camera-based systems. The expensive nature of these systems limits its use to niche vehicles, thus inhibiting the growth of the Global Automotive Camera 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/report/global-automotive-camera-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Automotive Camera Market 2012-2016
