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
According to TechSci Research report, “India Automotive Camera Market By Vehicle Type, By Technology, By Application, Competition, Forecast & Opportunities, 2014 – 2024”, India automotive camera market is projected to grow at a CAGR of over 20% during the forecast period, owing to increasing road safety awareness. Automotive cameras are implanted with computer algorithms to capture the highest quality video in order to improve driver visibility, thereby enhancing safety. These cameras assume vital job in advanced driver assistance systems (ADAS), which include technologies such as blind spot detection and lane departure warning. Additionally, government regulations are expected to drive automotive camera market in India in coming years.
Browse 2 market data Tables and 22 Figures spread through70 Pages and an in-depth TOC on “India Automotive Camera Market”
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. On the basis of technology, the market has been classified
into digital camera and thermal camera. Cameras with different configurations
assist in applications such as parking assistance, blind spot detection, driver
monitoring system, lane departure warning, etc.
can also request for 10% free customization on this report.
of the major players operating in the market are Minda Automotive Solutions,
Denso India Limited, Robert Bosch GmbH and Delphi Automotive. Continental
AG is teaming up with significant market pioneers, for example, IBM and Cisco are
developing cutting-edge technologies for automotive digitization.
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 the forecast period.”, 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, 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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