Vehicle or automotive camera is an onboard camera that continuously records the view through a vehicle’s windscreen. Vehicle camera also provides evidence in case of accident.
Vehicle camera Market Information Report by Vehicle Type (Commercial Vehicle & Passenger Vehicle), by Camera Type ( Front View, Rear View, Front & Rear View and Interior Cam), by Technology (Night Vision Recording, Accident Sensor, Built-in GPS and others) and by Region - Global Forecast to 2022
With all the technological advances of today, few have impacted law enforcement as significantly as the use of Vehicle Cameras. The Supreme Court has referred to Vehicle cameras as the Silent Witness.
The Vehicle Camera has become another valued tool in an officer’s arsenal that confirms and assures the high degree of professionalism they demonstrate daily in the performance of their duties. From the time the first Vehicle Cameras were installed to document roadside DUI or DWI sobriety tests, the cameras have captured both intended and unintended video proving their value into investigations.
The vast majorities of the intended video recordings have resulted in convictions, serve as training videos for police academies around the world, and provide a means to expedite or resolve citizen complaints.
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According to a recent study report published by the Market Research Future, the global market for Vehicle Cameras is expected to witness a rapid growth in the recent future, in terms of value and volume. Vehicle Cameras Market is predicted to grow in the future with an outstanding 10% of CAGR; witnessing an exponential growth crossing its previous growth records by the end of the forecasted period (2016 – 2022).
The Increasing disposable income among the individuals ultimately increases the demand of luxury vehicles which will increase the demand of vehicle camera market. Rising safety concern among the consumers is also fueling the growth of this market.
Additionally factors like simple installation & maintenance, affordable price are also contributing to the growth of this market. Advancement in technology like in-built GPS, audio recording and others also propel the demand of this market.
Moreover, deployment of advanced technologies and equipment, such as top-down view cameras, 3D imaging, night vision cameras, dual lenses cameras, and GPS is expected to offer plentiful growth opportunities for the vehicle camera market. However, government regulations in some countries concerned with public video recording may hamper the market growth, states the MRFR Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 100 pages.
Vehicle Camera Global Market – Key Players Giant players having a strong presence in the international and regional market adorn the global Vehicle Camera market as highly competitive and fragmented. All players are fiercely competing to gain a substantial market share.
At present, Key players operating in the market of automotive camera are fervent to invest heavily on the technology and market trends for camera based ADAS systems inclusion of AEB and LDW into their star rating, and the subsequent changes in strategies likely to be adopted by vehicle manufacturers. As consumers demand safety, more and more automobile manufacturers are providing sophisticated technology, first as special options on luxury models, then as standard equipment across entire product lines.
Well established players incorporate acquisition, collaboration, partnership, expansion, product & technology launch in order to gain competitive advantage and to stay abreast in this market.
The leading players in the Vehicle camera markets are
- Qrontech Co., Ltd.
- GoPro Inc.
- Falcon Electronics LLC
- DCS Systems Ltd.
- Continental AG.
- Transcend Information Inc.
- Pittasoft Co. Ltd.
- S.Will Industrial Ltd.
- Hyundai MnSoft
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Vehicle Camera Global Market – Segmentation
Global Vehicle Camera Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Vehicle Type : Comprises Commercial Vehicle & Passenger Vehicle
Segmentation by Camera Type: Comprises Front View, Rear View, Front & Rear View and Interior Cam.
Segmentation by Technology : Comprises Night Vision Recording, Accident Sensor, Built-in GPS and others
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Vehicle Camera Global Market – Synopsis Vehicle or Automotive cameras are equipped with different features such as GPS, loop recording and G-sensors and provide a high quality real-time video recording and. Moreover, automotive cameras are available in a wide range of price options.
This is anticipated to be a major factor for the adoption of vehicle cameras. Furthermore, different national governments have included vehicle camera installation as their automotive safety plans.
Thus, the demand for vehicle cameras is expected to shoot up phenomenally due to the implementation of these safety programs across different countries worldwide. Automotive cameras are widely used in the entertainment industry, especially in movie direction and tourism-based shows.
Vehicle cameras provide real-time videos and images, which are utilized during shooting of action sequences in movies, creating advertisements, and by tourists. These cameras are also installed in ambulances, fire rescue vehicles, sport vehicles, and others.
Vehicle cameras are applicable in sport events to track records, monitor athletes and car racers, and broadcast events. Thus, the commercial sector contributes maximum to the growth of the market.
Introduction of novel technologies pave the way for high growth rate for the vehicle camera market in the coming years. Advancement and fusion of technologies and equipment are likely to transform and increase the camera efficiency, including light detection and ranging LIDAR sensors, 3D imaging, night vision, dual lenses cameras, GPS, blind-spot detection features, park cameras, top-down view cameras, and others.
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The report for Global Vehicle camera Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market.
The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Vehicle Camera Global Market – Regional Analysis North America region dominates the Global vehicle camera market. Many insurance companies offers scheme such as Vehicle Camera incentive program and safety regulation by government encouraging the consumers for the installation of these cameras.
APAC region is expected to show the fastest growth during the forecast period. Increasing number of accidents as well as rising awareness regarding the benefits of vehicle cameras like protection from thieves, fuel the growth vehicle camera market in this region.
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