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Europe Automotive Camera Market size worth over $5bn by 2025
Published Date: 2019-07-03
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According to the Graphical Research new growth forecast report titled “Europe 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 5 billion by 2025.
The increasing passenger vehicle sales across the European region owing to the rise in consumer disposable income is driving the Europe automotive camera market growth. These sensors are integrated into vehicles to enhance the safety of passengers and pedestrians. The increasing numbers of road fatalities in the region are compelling the demand for advanced safety features in vehicles, supporting the Europe automotive camera market development. Several safety standards and regulations for automotive manufacturers in the European Union will provide lucrative growth opportunities to players operating in the region.
Trifocal cameras are gaining popularity in the region due to their improved depth perception and distant-object detection. These sensors use three cameras to offer a broader view and accurate distance between objects and vehicles. Trifocal systems detect the sudden appearance of objects or pedestrians that may lead to an accident, assisting drivers to avoid them. The increasing development of autonomous and semi-autonomous vehicles is further supporting the Europe automotive camera market expansion.
Automotive cameras are used in Driver Monitoring System (DMS) to detect the drowsy behavior of drivers that may lead to road fatalities. These sensors keep track of various facial expressions of drivers and transmit signals by means of visual or audible if it detects a drowsy behavior. Additionally, these systems are increasingly used in vehicles for various applications such as park assist, blind spot detection, and traffic sign recognition.
The prominent players operating in the Europe automotive camera market are Valeo, Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, and Samsung Electro Mechanics. The leading companies are adopting business expansion strategies such as mergers & acquisitions, partnerships, and product launches. For instance, in June 2018, ZF Friedrichshafen AG and Mobileye entered into a partnership to develop a new automotive camera technology designed to enhance safety and automated driving features to major automotive manufacturers.
Segments we cover:
Europe Automotive Camera Market, By Type
Europe Automotive Camera Market, By Application
- Lane Departure Systems
- Emergency Braking Systems
- Forward Collision Warning
- Parking Assist
Europe 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: