India Automotive Camera Market is anticipated to grow during the forecast owing to growing technological innovation.
India Automotive Camera Market- By Region, Competition Forecast and Opportunities, 2019-2029,” the India automotive Camera Market is anticipated to grow during the projected period owing to growing technological innovation and rising safety concerns. The demand for automotive cameras in India is expected to increase in the forthcoming years owing to the estimated installation of advanced driver-assistance systems (ADAS).
The market for automotive cameras has been divided into camera type, vehicle type, camera class, application, technology, region, and competitive landscape. Based on camera type, the market is segmented into monocular cameras and stereo camera. The Indian automotive camera market based on camera type is majorly dominated by monocular camera. In terms of vehicle type, the market is divided into Passenger Cars, Light Commercial Vehicles (LCV), and Medium & Heavy Commercial Vehicles (M&HCV).
Among these, passenger cars have dominated the India Automotive Camera Market due to the increasing number of passenger vehicles on the road, rising urbanization & population, better living standards, and the growing purchasing power of consumers. Regarding camera class, the market is segmented into entry-level, medium-level, and premium levels. The medium-class cameras majorly installed in vehicles are the leading segment followed by entry entry-level camera class, which has low resolution, is cheaper, and is easy to manufacture. Based on application, the market is segmented into rear view assist and ADAS. In terms of technology, the market is segregated into digital camera and thermal cameras. Based on region the market is segmented into North, South, West & East.
To enhance luxury and safety, major vehicle manufacturers are focusing on integrating autonomous features into their vehicles, which can be facilitated by automotive cameras that have multiple applications. With the introduction of new driving assistance features, the number of cameras in vehicles is increasing. As a result, the use of semi-autonomous features is rising, creating opportunities in the market. Several major automakers plan to launch autonomous vehicles after 2022, with OEMs, Tier I suppliers, and non-automotive players expected to develop such vehicles, thereby creating lucrative prospects in the automotive camera market in India.\
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A multi-camera system comprises numerous cameras, including front, rear, and side views, and is connected to the interior display system, resulting in a complex network of amplified wiring and electronic systems. The installation of such systems requires additional components, leading to increased overall vehicle costs. As vehicle manufacturers aim to provide advanced safety features at an affordable price, many OEMs are unable to offer technologically advanced safety features in their vehicles due to cost constraints.
OmniVision Technologies, Inc. and GEO Semiconductor Inc. announced a joint solution in September 2020, aimed at providing the highest quality images for rear-view cameras (RVCs), surround-view systems (SVS), and e-mirrors. The solution incorporates OmniVision’s OXO3C10, which is the world’s sole automotive image sensor that combines a large 3.0-micron pixel, a high dynamic range of 140 dB to minimize motion artifacts, and the best LED flicker mitigation (LFM) performance.
Bosch created an MPC3 mono video camera in September 2019, specifically for advanced driver assistance systems (ADAS) and autonomous driving applications. The camera employs a multi-path technique and artificial intelligence (AI) for more efficient recognition.
Denso has recently developed new products for “Advanced Drive” technology that will be incorporated into the latest models of Lexus LS and Toyota Mirai. These products comprise Lidar, Locator Telescopic Camera, a Spatial Information Service Electronic Control Unit (SIS ECU), and Automated Driving Extension Electronic Control Unit (ADX ECU). The Locator Telescopic Camera is equipped with two types of cameras, one for short-range and the other for long-range imaging. It stands out for its long imaging distance and high pixel count, enhancing its precision.
The demand for automotive cameras in passenger cars is surging due to the need for safer driving, which helps reduce accidents. Moreover, government incentives to adopt autonomous passenger cars for transportation are expected to boost the deployment of automotive cameras in these vehicles. The need to lower operating costs, enhance efficiency, and ensure user safety is also anticipated to fuel the growth of the passenger cars segment and drive revenue growth in the coming years.
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“The India Automotive Camera Market is expected to expand during the projected period. The use of ADAS has grown steadily owing to the rise in vehicle accidents. Moreover, the significance of automatic emergency braking systems and night vision systems has increased significantly. Factors such as growing acceptance of clean and green energy source vehicles with advanced technologies, as well as rising safety concerns, are some of the reasons that are projected to support market expansion and drive the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Automotive Camera Market By Camera Type (Monocular Camera, Stereo Camera), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles), By Camera Class (Entry Level, Medium Level, Premium Level), By Application (Rear View Assist, ADAS), By Technology (Digital Cameras, Thermal Cameras), By Region, Competition Forecast & Opportunities, 2019-2029,” has evaluated the future growth potential of India Automotive Camera Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges, and opportunities present in the India Automotive Camera Market.
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1.1. Market Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
5.1. Factors Influencing Purchase Decision
5.2. Brand Awareness
5.3. Brand Satisfaction Level
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Camera Type Market Share Analysis (Monocular Camera, Stereo Camera)
6.2.2. By Vehicle Type Market Share Analysis (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles)
6.2.3. By Camera Class Market Share Analysis (Medium, Entry Level, Premium)
6.2.4. By Application Market Share Analysis (ADAS, Rear View Assist)
6.2.5. By Technology Market Share Analysis (Digital Camera, Thermal)
6.2.6. By Regional Market Share Analysis
6.2.6.1. North Market Share Analysis
6.2.6.2. South Market Share Analysis
6.2.6.3. East Market Share Analysis
6.2.6.4. West Market Share Analysis
6.2.7. By Company Market Share Analysis (Top 5 Companies, Others – By Value, 2023)
6.3. India Automotive Camera Market Mapping Opportunity Assessment
6.3.1. By Camera Type Market Mapping & Opportunity Assessment
6.3.2. By Vehicle Type Market Mapping & Opportunity Assessment
6.3.3. By Camera Class Market Mapping & Opportunity Assessment
6.3.4. By Application Market Mapping & Opportunity Assessment
6.3.5. By Technology Market Mapping & Opportunity Assessment
6.3.6. By Regional Market Mapping & Opportunity Assessment
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Camera Type
7.2.2. By Camera Class
7.2.3. By Application
7.2.4. By Technology
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Camera Type
8.2.2. By Camera Class
8.2.3. By Application
8.2.4. By Technology
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