Vehicle Cameras (Affordable, Mid-range and high-end Vehicle Cameras) Market
Vehicle Cameras (Affordable, Mid-range and high-end Vehicle Cameras) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Press Release :
Vehicle Cameras Market - Snapshot
The global vehicle cameras market is predicted to observe substantial growth due to the continuous advancement made in the aftermarket sales of parking cameras, automotive safety systems, and camera-based drive assistance sensors. Progress in the camera technology together with huge production of the product is predicted to lower the price of the product substantially. This factor is likely to drive the growth of the global vehicle cameras market in the forthcoming years.
India and China to Hold Immense Promise for Market Players in the Near Future
In the advanced driver assistance systems, there is an augmented demand for sensing cameras and this is likely to support growth of the global vehicle cameras market. There is high demand for vehicle cameras for the passenger cars, which is likely to drive its demand.
The differential performance capacities of the various vehicle cameras have encouraged the legislative bodies to come up with regulations that would make it necessary to incorporate many driver assistance features in vehicles. Such features are
- parking assistance
- adaptive cruise control
- automated emergency braking
- lane departure warning
India and China have high growth potential for the global vehicle cameras market as these two nations have come up as the manufacturing hubs of automotive parts. Further, presence of a large number of suppliers in both the countries is expected to hold immense promise for the market players in the region.
- Affordable (upto US$ 100)
- Mid-range (US$ 100 to US$ 200)
- High-end (above US$ 200)
- Government and Defense Vehicles
- Private Vehicles
- Transportation Vehicles
- Others (Healthcare, Fire Rescue and Sports Vehicles)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa (MEA)