自動車用カメラの世界市場 - 成長、動向、予測（2021年～2026年）
Automotive Camera Market - Growth, Trends, COVID-19 Impact and Forecasts (2021 - 2026)
|自動車用カメラの世界市場 - 成長、動向、予測（2021年～2026年）|
発行: Mordor Intelligence Pvt Ltd
ページ情報: 英文 90 Pages
The Automotive Camera market was valued at USD 5 billion in 2020 and is expected to reach USD 8 billion by 2026 registering a CAGR of about 9% during the forecast period (2021 - 2026).
The COVID-19 pandemic has become a major concern for automotive stakeholders. Suspension of vehicle production and supply disruptions have brought the automotive industry to a halt. The automotive camera market, however, is expected to witness a significant boost from 2022, owing to the mandates by different countries. Reduced vehicle sales and abrupt stoppage in the development of new automotive technologies expected to result in sluggish growth of the automotive camera market in 2021.
For instance, Aptiv's advanced safety and user segment logged revenue of USD 902 million in Q1 2020 compared to USD 1,023 million in Q1 2019. The company suspended production in China, followed by North America and Europe. Camera providers are facing disruptions in supply chains as countries are in a state of lockdown to prevent the spread of the disease.
However, market is expected to set back to normal condition as demand for drive assistance sensors and aftermarket sales of parking cameras is increasing significantly. Automotive cameras are used for various applications in automobiles, especially in passenger vehicles, such as night vision systems, cruiser control systems, etc. Latest advancements in the camera technology such as 360 degrees camera that stitch the images from multiple cameras and display a consolidated image on split screen and mass production of these units are expected to bring down the price drastically, creating a scope of venture in the sector.
North America is expected to dominate the automotive camera market owing to increasing demand for luxury vehicles in the U.S. and Canada. This, coupled with increasing installation of advanced driver-assistance systems (ADAS), is estimated to boost the demand for automotive camera market in the upcoming years. Europe holds a prominent share in the automotive camera market due to the presence of a large number of automobile manufacturers in the region. Asia Pacific is also expected to contribute a considerable share throughout the forecast period.
Innovations To Lead Development Of Automotive Camera Market
The sensing cameras are gradually becoming an integral part of an active safety system in vehicles. The growth can be attributed to the increase in safety concerns of the passengers, and strict government initiatives. Sensing cameras also provide a higher level of performance than general-purpose driving cameras by maintaining quality standards as cost-effective solutions.
These are intelligent safety systems with two key components: A remote sensor is a device that collects data about real-world conditions through sensors, such as radar, ultrasonic sensors, and cameras. The processing computer receives data from these cameras and sensors then makes the decision and sends commands to the vehicle subsystems. For instance,
With the increasing adoption of ADAS features in vehicles, the demand for cameras has been increasing significantly. For instance,
Sensing cameras provide a higher level of performance than general-purpose driving cameras, while also meeting the required automotive quality standards as cost-effective solutions.With the increasing adoption of ADAS features in vehicles, the demand for cameras has been increasing.
Asia Pacific Region Expected To Have Fastest Growth
The Asia Pacific region is expected to be the fastest-growing market during the forecast period. Vehicle hybridization and electrification, increasing production of electric vehicles, and increasing sales of passenger vehicles are the key factors driving the automotive camera market in the Asia Pacific region.
Several original equipment manufacturers have shifted their automobile manufacturing plants to countries because of the high-growth opportunities. Rising population and government policies promoting industrial growth have made the Asia Pacific region a perfect destination for automobile manufacturers to set up their facilities.
These factors have helped make Asia Pacific the largest automotive market with increasing sales and production. The implementation of new technologies, the establishment of additional manufacturing plants, and the creation of value-added supply chains between OEMs and component manufacturers have created a platform for future growth in this region.
The outbreak of the virus in China has disrupted the global automotive supply chain as the country provides more than 75% of the supplies to the world. According to the United Nations Conference on Trade and Development (UNCTAD), there would be a reduction by 2% in exports of parts and other intermediate automotive inputs from China to automotive manufacturers in the EU, North America, Japan, the Republic of Korea, and other major automotive producing economies highlighting dependence on Asia pacific for global automotive needs.
Asia Pacific region comprises of geographies such as China, India, Indonesia and Thailand where disposable income of customers is increasing.
The automotive camera market is highly fragmented, due to the presence of many regional players. However, some of the major players, like Garmin Ltd, Panasonic Corporation, Continental AG, Autoliv Inc., Bosch Mobility Solutions and Magna international, among others, have captured significant shares in the market. These companies are focusing on strategic collaborative initiatives to expand their market shares and profitability. For instance,