Increasing road safety concerns
and need for better visibility in poor lighting coupled with stringent
government regulations to drive India automotive camera market through 2024
Passenger car segment led the market in 2018 and is
anticipated to register strong growth during forecast period, on the back of
increasing number of low-priced car models and improving road infrastructure.
Camera product segment is growing at the highest rate, owing to rising implementation
of ADAS in vehicles. On the basis of technology, the market is classified into thermal
camera and digital camera. Cameras with different configurations assist in
applications such as park assist system, blind spot detection, driver
monitoring system, lane departure warning, etc.
Customers
can also request for 10% free customization on this report.
Some of the major players operating in the
market are LG Innotek, STMicroelectronics, Robert Bosch Gmbh, Delphi Automotive
and Continental AG. Continental AG is teaming up with significant market pioneers, for
example, IBM and Cisco to develop cutting-edge technologies for automotive
digitization.
“Road accidents and road rage incidents across the country have
increased at a significant rate over the past few years. Number of government initiatives
such as Automotive Mission Plan, in addition to growing technological
advancements and increasing penetration of players in the country, are further
anticipated to propel demand for automotive cameras during 2014-2024.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“India Automotive Camera Market By Vehicle Type, By Technology, By
Application, By Region, By Company, Competition, Forecast & Opportunities, 2014
– 2024” has
evaluated the future growth potential of India automotive camera market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India automotive camera market.
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