Global Automotive Split-view Camera Module Market 2016-2020
About Global Automotive Split-View Camera
The global automotive split-view camera module market is concentrated with OEMs, while aftermarket players are fragmented due to intense competition among players. This competition is expected to intensify further during the forecast period as a result of product extensions and technological innovations. Many international players are expected to grow organically during the forecast period by expanding customer base and creating a differentiated product.
Technavio’s analysts forecast the global automotive split-view camera module market to grow at a CAGR of 13.8% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive split-view camera module market for 2016-2020. To calculate the market size, the report considers the unit sales of automotive split-view cameras across all regions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Split-View Camera Module Market 2016-2020
Technavio recognizes the following companies as the key players in the global automotive split-view camera module market: Ambarella, Bosch, Clarion, Continental, and Ford Motor Company.
Other Prominent Vendors in the market are: Delphi, MapmyIndia, Nissan, Rear View Safety, Rosco Vision Systems, and Valeo.
Commenting on the report, an analyst from Technavio’s team said: “The differentiation in the form of an extremely sharp image, well-balanced color, and good performance in low light makes this development unique, and has already set a high benchmark for competitors. We expect the 360-degree view as the future of the camera-view system in vehicles and may act as a stepping stone for the futuristic autonomous vehicle. Additionally, we expect this trend to be positive for the growth of automotive split-view camera market during the forecast period and will allow luxury cars OEMs to create differentiation from the front and rear-view cameras adopted in the mass segment.”
According to the report, the quest for automobile safety is considered one of the key drivers in the development of advanced driver and automobile safety systems. Advanced safety and security features are no longer limited to luxury vehicles. Consumers are now more aware of safety systems and technologies and are taking an interest in improving the safety systems for their vehicles. As a result, electronic equipment such as radars, cameras, and sensors are now being increasingly installed, even in entry-level vehicles.
Further, the report states that the automotive split-view camera module market is faced with the challenge of high replacement costs associated with split-view cameras. An automotive split-view camera is an essential component for spotting obstacles in blind spots and also in the functioning of the driver assistance and safety systems. Basically, cameras play a critical function in the vehicle, as they provide a blur-free and crisp image of the blind spots and nearby surroundings of the automobile.
Ambarella, Bosch, Clarion, Continental, Ford Motor Company, Delphi, MapmyIndia, Nissan, Rear View Safety, Rosco Vision Systems, Valeo.
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