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 system.
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.
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