This report provides exclusive insights into the COVID-19 impact on the Multi-camera System Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Multi-camera System Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Multi-camera System Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on
multi-camera system market provides in-depth analysis of segments and
sub-segments in global as well as regional multi-camera system market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional multi-camera system market over the short term as
well as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of global multi-camera system market. According to the
report, the global multi-camera system market is projected to grow at a CAGR of
19% over the forecast period of 2018-2024.
Multi-camera system captures the vehicle’s entire
surroundings. Multi-Camera System processes the images captured by the front
camera and detects the environment surrounding the vehicle such as blind spots,
pedestrian, and other vehicles. Multi-camera system is a combination of a
camera and an integrated electronic unit. After the detection of obstacles, the
system gives warning to the driver. In addition, the multi-camera system
recognizes traffic sign, blind spots and to detect the object. Furthermore, the
multi-camera system helps in functioning of ADAS (Advanced Driver Assistance
System) such as navigation system, blind spot monitoring, and in the parking
Automobile customers are increasingly demanding advanced
safety features in vehicles, thereby driving the growth of the multi-camera
system market. Moreover, Government authorities formulating favorable policies
to encourage major automotive manufacturers to push for technological
development systems which in turn are providing rapid growth in the upcoming
years. On the other hand, the legislation in many Asian countries is mandating
the installation of ADAS technology to reduce road accidents. Increasing demand
for vehicles and increasing awareness of the people toward safety as well as
the demand for advanced technologies in the automobiles are some other factors
lifting the growth of the multi-camera system market. However, the high cost of
a multi-camera system hampers the growth of the multi-camera system market.
Growing Trend of Autonomous and Semi-Autonomous Vehicles is providing several
growth opportunities in multi-camera system market.
Geographically, Asia Pacific is the fastest growing region
to contribute to the growth of multi-camera system market. The Asia-Pacific
multi-camera system market is competitive owing to the presence of a
considerable number of manufacturers that are expected to hold a larger share
in the multi-camera system market. Rising standards of living and increasing
population have boosted the automotive sector in the Asia Pacific region. Heavy
investment in research and development enables manufacturers in the European
region to develop new techniques and products to tap into future market trends.
The report on global multi-camera system market covers
segments such as function, display type, level of autonomous driving, and
vehicle type. On the basis of function, the global multi-camera system market
is categorized into ADAS and parking. On the basis of display type, the global
multi-camera system market is categorized into 3D and 2D. On the basis of a
level of autonomous driving, the global multi-camera system market is
categorized into level 1, level 2 & 3, and level 4. On the basis of vehicle
type, the global multi-camera system market is categorized into passenger
vehicles and commercial vehicles.
The report provides regional analysis covering geographies
such as North America, Europe, Asia-Pacific, and Rest of the World. In this
section, the key trends and market size for each geography are provided over
the period of 2016-2024. The countries covered in the North America region
include the U.S., Canada, and Mexico; while the Asia-Pacific region includes
countries such as China, Japan, India, South Korea, Malaysia, and among others.
Moreover, Germany, U.K., France, Spain, and Rest of Europe are the major
markets included in the European region. The U.S. drives the growth in the
North America region, as it is the largest market in the region. In the
Asia-pacific region, rapid industrial growth in India and China offer a
substantial potential for the growth in the multi-camera system market. As a
result, the APAC region is projected to experience growth at a CAGR of x.x%
over the forecast period 2018-2024.
The report provides profiles of the companies in the global
multi-camera system market such as Continental AG, Magna International Inc.,
Delphi Technologies, DENSO Corporation, Robert Bosch GmbH, Valeo, Samvardhana
Motherson Group, Ambarella, NXP Semiconductors, and Clarion Co., Ltd.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the global
multi-camera system market. Moreover, The IGR-Growth Matrix analysis given in
the report brings an insight into the investment areas that existing or new
market players can consider. The report provides insights into the market using
analytical tools such as Porter's five forces analysis and DRO analysis of
multi-camera system market. Moreover, the study highlights current market
trends and provides forecast from 2018-2024. We also have highlighted future
trends in the multi-camera system market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players. This
report will help manufacturers, suppliers, and distributors of the multi-camera
system market to understand the present and future trends in this market and
formulate their strategies accordingly.