UK Automotive Camera Market - Growth, Trends and Forecasts (2017 - 2022)
The UK Automotive Camera market is expected to grow at a CAGR of 21.29% during the forecast period. UK is expected to witness a significantly high share in the automotive camera market in Europe, next to Germany. The market in the country would be driven by the significant demand of park assist systems and other advanced driver assistance systems.
There was an increase in installation of safety and driver assistance systems in the light of the regulatory standards of CAFÉ, and EPA, as well as the NCAP Safety Assist protocol programme. In fact, the legislation in Europe mandates the installation of LDW systems and dashboard cameras in passenger cars, which are expected to propel the demand for the automotive camera segment in the forecast period. The growing production volume of light commercial vehicles and the growing influence of New Car Assessment Program (NCAP) mandate, would drive the demand for automotive camera market in the forecast period. In terms of growth as well, the LDW camera module market is projected to grow at the highest rate in the country during the forecast period. The other factors influencing the growth of camera market beside the introduction of stringent road safety regulations, would be the reducing prices of cameras and increasing awareness about the benefits of cameras as a part of automotive safety systems.
The camera manufacturers had also made significant efforts to improve the sensing quality as well as the image quality captured in the vehicle. Automotive Camera has evolved significantly to integrate with the other safety systems of the vehicles, and assist the driver in driving. For instance, the ZF TRW's lane departure warning system uses video camera technology, and are integrated with electrically powered steering to enable quick feedback for active lane keeping assistance. The video camera detects when the vehicle is drifting toward the lane markings and the electric steering provides the driver with guidance through the steering wheel to stay in the lane. Omni Vision’s proprietary colour high dynamic range (HDR) concept and processing technology enables its automotive sensors in the cameras to deliver the a bright scene reproduction in the most demanding lighting conditions, achieving dynamic range of up to 120dB in colour and black and white.
The Mid-range cameras had a significantly high share, in the automotive camera type by price- owing to the availability of several superior detection features at a comparatively lower cost. These cameras also present high return on investment, making it a more popular choice among end users. The market has also been segmented based on the vision technology type, by application type, and by vehicle type. The market for driving assistance systems would lead the automotive camera market by application type in the region. The automotive sensing camera are expected to specifically gain profit during the forecast period, in the automotive camera by vision technology. The automotive manufacturers aim to increase their revenue by strategically manufacturing advanced automotive camera technology like that of pedestrian detection, automatic high-beam control and speed limit sign recognition systems.
What The Report Offers
1) Market Definition along with identification of key drivers and restraints for the market.
2) Market analysis with country specific assessments and competition analysis in the UK automotive camera market.
3) Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market of the country level.
4) Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
5) Identification and analysis of the Macro and Micro factors that affect the industry in the country