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Global Automotive Camera Market 2018-2026 - Growing Demand of CMOS Sensor Based Camera SystemsDUBLIN, Aug. 8, 2018 /PRNewswire/ -- The "Global Automotive Camera Market: Focus on Camera Types, Levels of Automation,and Vehicle Types - Analysis and Forecast-2018 to 2026" report has been added to ResearchAndMarkets.com's offering.  The global automotive cameras market generated $831.7 million in 2017. The technological advancement in the automobile industry is primarily attributed to the changing consumer preferences, growing focus towards driver safety, environmental concerns, and stringent government regulations which are focusing towards crash avoidance rather than crash survival. The stringent regulations are framed to advance the vehicle safety on public roads and supporting an early integration of Advanced Driver Assist Systems (ADAS) in automobiles. In the past few years, visible surge is witnessed in the number of vehicles equipped with the ADAS features, such as, adaptive cruise control, parking assistance, lane departure warning, traffic jam assist, automated emergency braking, and blind spot detection, among others. These functions are executed in the vehicle with the help of several ADAS components such as cameras, radars, lidars, ultrasonic sensors, and electronic control unit (ECUs), among others. Automotive camera is a vital part of the ADAS equipped vehicles and with the growing penetration of ADAS and autonomous vehicles in the auto industry, the demand of automotive cameras has increased, and the similar trend is expected to continue in the future. In addition to this, an increase in the number of product developments, collaborations, and merger and acquisitions, among others, are also witnessed in the past few years, thus fueling the growth of the automotive camera market. However, the global automotive camera market face certain challenges that are restraining the overall growth for the automotive cameras, such as, operational glitches related to cameras and high cost of the camera modules, among others. On the other hand, the automotive cameras market offers wide opportunities for vehicle insurance companies, and CMOS based camera manufacturers. The market for level 1 (ADAS) automotive cameras held the maximum share of the total automotive camera market in the year 2017. High market volume of ADAS integrated vehicles, and early application and greater market penetration of cameras in the vehicles account for the market dominance of cameras for level 1 automation. Higher automation necessitates the use of multiple cameras in autonomous driving system. In 2017, the market value of the passenger cars was higher than the commercial vehicles. This was due to the higher production of ADAS and autonomous passenger cars, increased production of fully autonomous prototype cars, thus demanding higher sales of cameras. Europe dominated the global automotive camera market in the year 2017. This was majorly due to the present demand of highly automated vehicles in Europe and growing focus towards road safety. In addition, government regulations in Europe is also an important factor driving the demand for components of autonomous vehicles. In 2010, Euro NCAP, the safety certification body, launched a program called 'Euro NCAP Advanced' in order to increase the adoption of advanced safety techniques. Furthermore, Euro NCAP announced that cars integrated with ADAS systems will be awarded their top 5-star safety rating. Hence, these factors are leading to the increase in the demand of camera required for the automated vehicles in Europe. Key Topics Covered: 1 Market Dynamics
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SOURCE Research and Markets 
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