Automotive Camera Market

Market Leaders - Automotive Camera Market

The automotive camera market is projected to grow from USD 7.5 billion in 2018 to USD 15.1 billion by 2025, at a CAGR of 10.62% during the forecast period. Government initiatives related to vehicle safety features are expected to drive the growth of the automotive camera market.

Some of the key players in the automotive camera market are Continental (Germany), Robert Bosch (Germany), Valeo (France), Aptiv (Ireland), Magna (Canada), Autoliv (Sweden), and Intel (Mobileye) (US). New product developments, expansions, collaborations, and supply contracts are the key strategies adopted by these players to gain traction in the automotive camera market.

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Robert Bosch (Germany) is a leading player in the automotive camera market. In April 2017, Robert Bosch launched an automated driving initiative in China. It signed a collaboration agreement with the Chinese internet group, Baidu, and mapping firms AutoNavi and NavInfo. Together, the four partners would develop a solution that will let them use information collected by Bosch’s radar and video sensors in vehicles to generate and update maps. Moreover, the company has set up a test vehicle on the basis of a Jeep Cherokee for partially automated driving on Chinese freeways. The test vehicle is equipped with numerous Bosch components. These include, among other things, 5 mid-range radar sensors and a multi-purpose camera for environment recognition as well as an ESP braking control system and electronic power steering.

In May 2017, Robert Bosch collaborated with Sony Semiconductor Solutions to develop a new dynamic video camera technology that will enable cars to sense their surroundings in difficult lighting conditions. As video camera sensors help in the operation of ADAS functions such as lane departure assist and emergency brake assist, the collaboration would help Bosch enhance its offerings related to ADAS functions.

Continental (Germany) adopted the strategy of new product development to strengthen its market position. In October 2018, Continental developed a Virtual A-Pillar to help remove forward blind spots. The Continental Virtual A-Pillar tracks the driver’s movements using an interior camera mounted just above the steering wheel. At the same time, Continental’s Surround View camera, mounted on the vehicle’s exterior, feeds a live video of the vehicle’s external environment to the OLED displays embedded in the A-pillars. In April 2018, Continental unveiled new assistance concepts for early risk detection of hydroplaning. It developed new sensor-based concepts to warn the driver in the event of imminent loss of friction. Utilizing signals from surround view cameras and tire-mounted electronic-Tire Information System (eTIS) sensors, an early warning concerning the approaching hydroplaning situation is provided to the driver.

Related Reports:

Automotive Camera Market by Application (ADAS & Park Assist), View Type (Single View System & Multi-Camera System), Technology (Thermal, Infrared & Digital), Vehicle Type & Class, Electric Vehicle Type, and Region - Global Forecast to 2025

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Report Code
AT 3856
RI Published ON
2/12/2019
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