The growing concerns regarding passenger and pedestrian safety are driving the Europe automotive camera market growth. The implementation of various regulations and legislation regarding the installation of safety technologies in passenger cars in the UK, Germany, and France is supporting the adoption of automotive camera systems. The increasing technological advancements in camera-based driver assistant sensors coupled with the growing demand for ADAS are contributing to the market growth. The active safety camera sensors are integrated into vehicles for various functions, such as lane departure warnings, collision warnings, and emergency braking, aiding the market development.
The demand for stereo camera systems is increasing in ADAS applications to improve driver safety and comfort. The sensor system is an advanced technology that use two cameras to generate a depth map in which each pixel represents a distance to sensors, calculating size, and position of the object accurately. Stereo camera systems are integrated with low-cost visible light cameras and distance information that cover the entire field of view, supporting the adoption of these systems in Europe.
The adoption of vehicle camera systems is increasing rapidly in lane departure warning systems to monitor the position of the vehicle in the lane and to detect the lane markings ahead of the vehicle. The sensors detect and identify the movement of vehicles out of the lane and alert drivers by means of audible, visual, or haptic signals, such as steering wheel vibration. The increasing adoption of lane departure warning systems in the region will drive the market growth.
The major players operating in market are Robert Bosch GmbH, Continental AG, Veoneer, Aptiv PLC, and Magna International Inc., among others. The leading players operating in the market are adopting various business expansion strategies such as mergers & acquisition and product launches. The companies are developing technically equipped products to offer reliable and safer performance to customers. For instance, Continental AG developed the MFC 500 multifunction camera that is integrated with advanced technologies such as artificial intelligence and deep machine learning.