Automotive Camera Market is expected to grow at a rapid pace during the forecast period of 2018-2026.

The automated systems integrated in the vehicles use combinations of different sensing components such as LiDARs, cameras, radars, and ultrasonic sensors, among others. The data collected from these sensors is synced with the data extracted from other system components such as GPS and mapping elements. This combined data is further processed by data processors and with the help of software surrounding information, it is presented to the users.

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The market value of the automotive cameras according to different levels of automation. The market for level 1 (ADAS) automotive cameras was estimated to hold approximately XX% market share of the total automotive camera market in the year 2017. High market volume of ADAS integrated vehicles, early application of the usage and greater market penetration of cameras in these vehicles accounted for the market dominance of cameras for level 1 automation. Higher automation necessitates the use of multiple cameras in autonomous driving system. Therefore, owing to the expected exponential increase in number of vehicles integrated with level XX automation, market for level XX automation is expected to grow at the highest CAGR (XX%) in the forecast period. The market value for automotive cameras for level XX automation was estimated at $XX million in year 2017 which is expected to reach $XX million till 2026 with a CAGR of XX%, during the years 2018-2026.

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Sensing components such as LiDARs, cameras, and radars etc. play a vital role in detecting obstacles present beyond the driver’s visual line of sight.Depending upon different automobile applications, multiple sensors are integrated in the vehicles. For instance, features of level 1 automation such as rear parking assist, parking spot detection can be performed using one type of sensor. However, with increase in the level of automation, high density and accuracy of data is required. Therefore, leading to the usage of multiple sensor based autonomous systems.

Related Reports:

Global ADAS and Autonomous Driving Components Market, Analysis & Forecast – 2017-2026

Global Autonomous Vehicles Market - Analysis & Forecast (2016-2025)

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