ID: MRFR/AM/1421-HCR | 100 Pages | Published By Sejal Akre on March 2023
The Vehicle Camera Market has seen a remarkable growth in the global market and it has been observed that, its demand in future is expected to grow with the CAGR of 10.4%.
The Vehicle Camera Market has seen a remarkable growth in the global market and it has been observed that, its demand in future is expected to grow USD 6800 million with the CAGR of 10.4%. Vehicle camera refers to digitized device which is being used for recording real-time videos and capturing images both inside and outside the vehicle. The cameras are attached to windshield or dashboard of vehicle and are accessorized with features such as GPS, loop recording and G-sensors among others.
The major factors contributing to the growth of the market are the technological advancements in the cameras along with the reduction is prices at the same time, the introduction of various road safety regulations by the government of various countries and the benefits which can be availed in claiming insurance from the insurance companies. The vehicle cameras provide real time recording, which ensures that sufficient evidence are available to be produced in times of theft, accident and others.
However, the growth of this market is expected to be restrained by the imposing of government regulations, majorly in some of the European countries which are related to the public video recording.The prominent players in the Vehicle Camera Market include robert Bosch Gmbh (Germany), Delphi Automotive PLC (U.K.), and Autoliv Inc (Sweden), Valeo (France), and Continental AG (Germany),Qrontech Co. Ltd. (South Korea), GoPro Inc. (U.S.), Falcon Electronics LLC (Balkans), DCS Systems Ltd. (U.K.), Transcend Information Inc. (Taiwan), S.Will Industrial Ltd. (China) among others.
Based on end use application, the vehicle camera market has been segmented as transportation vehicles, government and defense vehicles, private vehicles and others. Others comprises of applications such as fire rescue, healthcare and sports vehicles. Vehicle cameras are used in sports vehicles for monitoring athletes and car racers, tracking records and for broadcasting events. The vehicle cameras are also being used by the entertainment industry for activities such as creating advertisements and shooting of action sequence in movies.
Geographically, the global vehicle camera market has been divided into four major regions such as North America, Europe, Asia Pacific and Rest of the World. North America region is expected to dominate the global vehicle camera market over the forecast period owing to the existence of countries such Canada and U.S. In these developed countries many insurance companies have started providing various schemes such as in-car camera incentive program. The safety regulations introduced by the government in this region has encouraged the customers to install these cameras in the vehicles. The Asia Pacific region is expected to grow owing to factors such as the increasing number of accidents in the region along with the increasing awareness for benefits of installation of vehicle cameras such as protection from thieves.
The report for Global Vehicle Camera Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||2030 : USD 6,800 Million|
|CAGR||10.4% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Vehicle Type, by Camera Type, by technology, by end use application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||robert Bosch Gmbh (Germany), Delphi Automotive PLC (U.K.), and Autoliv Inc (Sweden), Valeo (France), and Continental AG (Germany),Qrontech Co. Ltd. (South Korea), GoPro Inc. (U.S.), Falcon Electronics LLC (Balkans), DCS Systems Ltd. (U.K.), Transcend Information Inc. (Taiwan), S.Will Industrial Ltd. (China)|
|Key Market Opportunities||Real time recording|
|Key Market Drivers||
Qrontech Co. Ltd. (South Korea), Continental AG (Germany), GoPro Inc. (U.S.), Falcon Electronics LLC (Balkans) are the top key players investing heavily in the market share.
2022-2030 is the growth period for the market
The market has recorded a CAGR of 10.4% for expansion in the forecast period.
The factors boosting the growth of the market are the technological advancements in the cameras along with the reduction is prices, the introduction of various road safety regulations by the government of various countries.
North America region is going to score the largest market share among the other.