Wednesday, 25 April 2018

Automotive Rear-View Camera Market - Trends, Drivers, and Challenges

Technavio recognizes the following companies as the key players in the automotive rear-view camera: Bosch, Continental, Delphi*, DENSO, Magna International, and Valeo.
Commenting on the report, an analyst from Technavios team said: The increased use of wide-angle camera technology will be a major trend gaining momentum in this market. The growing number of vehicles have resulted in increased traffic congestion and road accidents. Therefore, the safety of occupants has also become a primary concern. OEMs all over the world are providing advanced safety features with their vehicle offerings due to the enforcement of stringent regulations regarding vehicle safety.
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According to the report, the growing focus on reducing fatalities while reversing will be a major factor drive the markets growth. The growing number of fatalities while reversing has been a major reason for the adoption of automotive rear-view cameras. Rear-view camera assists in low-speed vehicle maneuvers such as parking or slow curbside driving.
Further, the report states that the high price of rear-view cameras will be one of the key challenges of the market. Rear-view camera is a safety feature, which provides drivers with more precise and safer driving experience while reversing the vehicles. Consumers may be reluctant to equip the rear-view camera due to the high cost associated with it, which is negatively affecting the growth of 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.
The market is expected to grow at a CAGR of 9.78%
About Automotive Rear-View Camera
Automotive rear-view cameras or reversing cameras are attached to the rear end of vehicles to alleviate the rear blind spot and aid in reversing the vehicles.
Technavios analysts forecast the Global Automotive Rear-View Camera Market 2018-2022 to grow at a CAGR of 11.32% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the automotive rear-view camera. To calculate the market size, the report considers the high growth volume due to end-users such as OEMs and aftermarket.
The market is divided into the following segments based on geography:
·         Americas
·         APAC
·         EMEA
Technavio's report, Global Automotive Rear-View Camera Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
·         Bosch
·         Continental
·         Delphi*
·         DENSO
·         Magna International
·         Valeo
Market driver
·         Growing focus on reducing fatalities while reversing
·         For a full, detailed list, view our report
Market challenge
·         High price of rear-view cameras
·         For a full, detailed list, view our report
Market trend
·         Increased use of wide-angle camera technology
·         For a full, detailed list, view our report
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