Global Bus Rear-view Camera (RVC) Market 2017-2021
About Bus RVC
The major reason for the need for the RVCs than reverse parking sensors in buses is because of few drawbacks and unfavorable market dynamics in the reverse parking sensors market. The automotive parking sensors market is concentrated by OEMs, while aftermarket is fragmented with intense competition among the regional players, and this competition is expected to intensify further with product extensions and technological innovations. This increasing competition in the aftermarket segment where the occurrence of a failure in parking sensors system is more than the OEM products will become a threat to safety in the buses.
Technavio’s analysts forecast the global bus RVC market to grow at a CAGR of 19.8% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global bus RVC market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of bus RVC.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bus RVC Market 2017-2021
Technavio recognizes the following companies as the key players in the global bus RVC market: STONKAM, Luminator Technology, Rear View Safety, and Vision Techniques
Other Prominent Vendors in the market are: Rostra Precision Controls, Inc., Lintech Enterprises, and Veise Electronic
Commenting on the report, an analyst from Technavio’s team said: “The use of wide-angle lenses in automotive camera module is gaining importance due to its wide field coverage and enhanced picture quality. OEMs are exploring safety solutions that capture the driver's blind spots on the road; hence, to expand the coverage field of cameras, the wide-angle technology is being used. Although the image from wide angle lenses cameras is subject to certain irregularities such as radial distortion, uneven illumination and tangential distortions can negatively impact the output of the camera. OEMs and camera module manufacturers are actively investing in improving the output from wide angle cameras.”
According to the report, the quest for automobile safety is considered as one of the key drivers in the development of advanced automobile safety systems. Advanced safety and security features are no longer limited to premium vehicles like luxury buses. 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 cameras and sensors are now being installed, even in the mid-segment buses. This has increased the demand for in-vehicle electronic devices to examine situations and prevent accidents. Driver assistance and safety systems applications include blind spot deduction (BSD), forward collision warning (FCW), surround-view systems, LDWS, RVC, and night vision systems (NVS). These safety systems examine road conditions and alert drivers of possible risks, thereby helping to avoid accidents.
Further, the report states that the automotive camera module market is faced with the challenge of high replacement costs. An automotive camera is an essential component for the proper functioning of the driver assistance and safety systems. The automotive camera plays a critical functioning in the vehicle, as it provides a blur-free and crisp image of the blind spots and near-by surroundings of the automobile. In actual scenario, the replacement costs of automotive cameras are not that high but the total cost of repair, which includes the removal or replacement of the cameras and image sensors, is high and time consuming. If the automotive cameras and image sensors are not treated properly, it may lead to severe accidents, which would lead to even more expensive operation of the entire automobile rebuilding.
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-bus-rear-view-camera-rvc-market-2017-2021
STONKAM, Luminator Technology, Rear View Safety, Vision Techniques, Rostra Precision Controls, Inc., Lintech Enterprises, and Veise Electronic
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