However, the key application segment in the global automotive camera market is cited as the driver monitoring system and park assist system by the IndustryARC’s analysts. The estimated opportunities for the growth in this application is anticipated to observe an impressive CAGR of 11.41% during the aforementioned forecast.
Global Automotive Camera Market: Market Trends and Drivers
· Continental Virtual A-Pillar
This new technology captures the head movements of the driver using an interior camera placed above the steering wheels. It also captures the live video of the vehicle’s external environment with the camera located on the vehicle’s exterior. It gives a view of a window rather than a live video to the driver.
It is an era of Multi-Gigabit Ethernet for autonomous vehicles. The vehicle’s sensors and the camera is calibrated to collect the huge amount of data that is instantly processed to ensure safety that can be made by the vehicle. Such requirements are driving the growth of the automotive camera market.
Radar is placed behind the car sheet metal. It is one of the most reliable technology as it can capture the view of hundreds of yards and can grasp the speed of all the objects spotted around. This has increased the demand for automotive camera in the market.
Global Automotive Camera Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding the majority shares in the global automotive camera market are Continental AG, Magna International Inc, Mobileye N V, Omnivision Technology Inc, Robert Bosch Gmbh, Valeo, Aptiv Plc, Autoliv, Inc, Automation Engineering Inc, Stonkam Co , Ltd.
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