Dublin, March 25, 2019 (GLOBE NEWSWIRE) -- The "India Automotive Camera Market By Vehicle Type, By Technology, By Application, Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.
The Indian automotive camera market is forecast to grow from $ 30.34 million in 2018 to $ 93.66 million by 2024, exhibiting a CAGR of over 20% during the forecast period, on account of increasing road accidents.
Growing traffic congestion and strict government regulations are pushing the country's automotive camera market. Automotive cameras play a crucial role in the advanced driver assistance systems (ADAS). Moreover, increasing awareness regarding safety and government regulations are positively impacting the market growth.
Market Segments
In terms of vehicle type, the Indian automotive camera market has been categorized into passenger car, light commercial vehicle and heavy & medium commercial vehicle segments. Passenger car segment captured the major market share in 2018 and is anticipated to continue its market dominance during the forecast period, on account of surging population and high disposable income. Based on the camera technology type, the market for automotive camera has been bifurcated into digital camera and thermal camera.
Camera segment is gaining traction due to increasing installation of ADAS in passenger cars. Driver assistance systems consist different components and varied configurations based on the assistance feature and technology used. These systems are associated with cameras of various kinds including thermal cameras, digital cameras. These different configurations assist in various applications such as vehicle parking assistance, blind spot detection, driver monitoring system, lane departure warning and others. Vehicle parking assistance is the largest application segment in the Indian automotive camera market.
Regional Insights
In terms of regional analysis, the Indian automotive camera market has been segmented into north, south, east and west. The developing economy is witnessing high demand for automotive cameras, owing to high demand for passenger cars and commercial vehicles. Increasing road accidents are further escalating the demand for automotive cameras.
Competitive Landscape
Major companies operating in the Indian automotive camera market recorded high sale volumes in 2018 and the trend is likely to continue during the forecast period as well. List of major players operating in the Indian automotive camera market includes Minda Automotive Solutions, Denso India Limited, Robert Bosch GmbH, Delphi Automotive, etc.
Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Delphi automotive is one of the major players in the automotive camera market and is launching state-of-the-art products in order to expand its customer base. While Continental AG is collaborating with major market leaders such as IBM and Cisco to develop advanced technologies and for automotive digitization.
Years considered for this report:
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
Objective of the Study:
- To analyze and forecast the Indian automotive camera market size, in terms of value and volume.
- To classify and forecast the Indian automotive camera market based on vehicle type, technology, application and regional distribution.
- To identify drivers and challenges for the Indian automotive camera market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian automotive camera market.
- To conduct the pricing analysis for the Indian automotive camera market.
- To identify and analyze the profile of leading players operating in India automotive camera market.
Some of the leading players operating in the Indian automotive camera market are Minda Automotive Solutions, Denso India Limited, Robert Bosch GmbH and Delphi Automotive.
Key Topics Covered
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Factors Influencing Purchase Decision
4.2. Challenges/Issues Faced Post Purchase
4.3. Brand Satisfaction Level
5. India Automotive Camera Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy & Medium Commercial Vehicle)
5.2.2. By Technology (Digital Camera and Thermal Camera)
5.2.3. By Application (Parking Assistance, Blind Spot Detection, Driver Monitoring System, Lane Departure Warning and Others)
5.2.4. By Region
5.2.5. By Company
5.3. Market Attractiveness Index
6. India Passenger Car Automotive Camera Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Technology
6.2.2. By Application
6.3. Market Attractiveness Index
7. India Light Commercial Vehicle Automotive Camera Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Technology
7.2.2. By Application
7.3. Market Attractiveness Index
8. India Heavy & Medium Commercial Vehicle Automotive Camera Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Technology
8.2.2. By Application
8.3. Market Attractiveness Index
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends & Developments
11. Policy & Regulatory Landscape
12. India Economic Profile
13. Competitive Landscape
13.1. Minda Automotive Solutions
13.2. Denso India Limited
13.3. Robert Bosch GmbH
13.4. Delphi Automotive
13.5. Samavardhan Motherson Group
14. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/research/q6q7hz/the_automotive?w=12