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 Technavio’s 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.
Technavio’s analysts
forecast the Global Automotive Rear-View Camera Market 2018-2022 to grow at a
CAGR of 11.32% during the period 2018-2022.
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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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