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Asia Pacific Automotive Camera Market size worth over $7bn by 2025
Published Date: 2019-07-03
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According to the Graphical Research new growth forecast report titled “Asia Pacific Automotive Camera Market Size By Type (Mono, Stereo, Trifocal), By Application (ADAS [Lane Departure Systems, Emergency Braking Systems, Forward Collision Warning, Others], Parking Assist), By Vehicle Type (Passenger Cars, Utility Vehicles, Commercial Vehicles), 2019-2025”, estimated to cross USD 7 billion by 2025.
The growing awareness regarding the Advanced Driver-Assist System (ADAS) is propelling the Asia Pacific automotive camera market growth. These components are integrated into ADAS to provide emergency braking, forward collision warning, and lane departure assist. The increasing sales of luxury vehicles are aiding to the Asia Pacific automotive camera market development. Increasing advancements in camera-based driver assist systems are further supporting the industry expansion. Automotive manufacturers are integrating vision systems with the mid-sized passenger cars segment to differentiate their products in the highly competitive Asian automobile market.
Changing preferences of automobile manufacturers toward the replacement of side-view mirrors with vision systems to offer a wide rear view to drivers is driving the Asia Pacific automotive camera market growth. These sensors are integrated into passenger vehicles to offer semi-automated driving functions, supporting market expansion. The growing sales of passenger cars in the emerging Asian economies including China, India, and Thailand are fueling the Asia Pacific automotive camera market development.
The demand for trifocal cameras is increasing rapidly in the region due to their improved distant-object detection and depth perception. These vision systems use three cameras to offer a wider view and accurate distance between obstacles and vehicles. Trifocal systems detect the sudden appearance of pedestrians or objects that may lead to accidents, assisting drivers to avoid them.
The prominent players operating in the Asia Pacific automotive camera market are DENSO Corporation, Clarion Co., Ltd., Hitachi Automotive Systems Ltd., Continental AG, and Robert Bosch GmbH. The leading companies are developing advanced products and adopting various business expansion strategies such as strategic partnerships, mergers & acquisitions, and product launches. For instance, in December 2018, Clarion announced the development of the multi-camera washing system that automatically washes away dirt particles on each camera to ensure maximum accuracy of the system.
Segments we cover:
Asia Pacific Automotive Camera Market, By Type
Asia Pacific Automotive Camera Market, By Application
- Lane Departure Systems
- Emergency Braking Systems
- Forward Collision Warning
- Parking Assist
Asia Pacific Automotive Camera Market, By vehicle Type
- Passenger Cars
- Utility Vehicles
- Commercial Vehicles
The above information is provided on a regional and country basis for the following:
- South Korea