PUNE, India -- The report "Automotive Camera & Camera Module Market by Application (LDW, ACC, BSD, NVS, DMS, PAS, PDS, RSR), Technology (Digital, Thermal, Infrared), Vehicle Type (PC, CV), Off-Highway Vehicle Type (Loaders, Excavators, Articulate Dump Truck), and by Region - Global Forecast to 2020", published by MarketsandMarkets, The global Automotive Camera Market is projected to grow at a CAGR of 11% from USD 10.1 Billion in 2015 to USD 17 Billion by 2020, Whereas the global Automotive Camera Module Market is projected to grow at a CAGR of 11.8% from USD 3.8 Billion in 2015 to USD 6.6 Billion by 2020.
The market report classifies and defines the Automotive Camera & Camera Module Market, in terms of value and volume. The report highlights potential growth opportunities in the coming years, and offers a review of the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other fundamental aspects of the Automotive Camera & Camera Module Market. It identifies the key market trends for new technologies and the adoption scenario of the same from 2015 to 2020. It also focuses on major market players and their strategies, along with recent developments.
North America: High-volume market
The North American region comprises countries such as the U.S., Canada, and Mexico. The U.S. is estimated to dominate the market, followed by Canada and Mexico, in 2015. The U.S. Automotive Camera & Camera Module Market, in terms of volume, is projected to grow at the highest CAGR from 2015 to 2020, followed by Canada and Mexico. The growing production volume of light commercial vehicles and the growing influence of New Car Assessment Program (NCAP) would drive the demand for automotive camera & camera modules in the North American region. The North American Automotive Camera & Camera Module Market, by value, is projected to grow at a CAGR of 12.4% during the forecast period.
Camera module for Lane Departure Warning System: High growth potential
The camera module market for LDW systems, by value, is expected to grow at the highest CAGR of 15.4% from 2015 to 2020. This is attributed to the growing influence of NCAP and impending legislation in Europe that mandates the installation of LDW systems in passenger cars, which are expected to propel the demand for LDW system camera modules in the years to come.
North America accounted for the largest market share, by value, in 2014, and is projected to lead the market till 2020. This is credited to high production volume of passenger cars and light commercial vehicles with the growing influence of New Car Assessment Program in this region. In terms of growth as well, the North American LDW camera module market is projected to grow at the highest rate from 2015 to 2020.
This report covers the technical aspects of camera & camera modules and their adoption by different OEMs across the globe. It includes a PEST analysis, value chain analysis, Porter's Five Forces analysis, competitive landscape, product life cycle, pricing trends of automotive camera & camera modules, and company profiles of 10 key players in the Automotive Camera & Camera Module Market.
Key players operating in the Automotive Camera & Camera Module Market include Robert Bosch Gmbh (Germany), Delphi Automotive PLC (U.K.), Autoliv Inc (Sweden), Valeo (France), and Continental AG (Germany).
Browse 140 market data Tables and 57 Figures spread through 233 Pages and in-depth TOC on "Automotive Camera & Camera Module Market" at http://www.marketsandmarkets.com/Market-Reports/automotive-camera-market-125124333.html?utm_source=PRnewswires&utm_medium=Referral&utm_campaign=PRnewswire
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