During sports events, and for surveillance activities in any premises, all the action is captured by the multi-camera system. With events like Formula-1 race, FIFA World Cup guaranteed to be popular among masses in the current era and need for surveillance in every public place required, the market for multi-camera systems is set to stay strong. In the recent times, due to monitoring via camera becoming easier, and technology becoming advanced, its integration in vehicles such as advanced driver assistance systems, the market for the multi-camera system is growing significantly. Factors that are driving the market include rising safety concerns among individuals and increased emphasis by the insurance companies. Increasing demand for vehicles is resulting in the rising production. These two factors are also contributing to the growth of the multi-camera system market. Rapidly developing infrastructure around the world is certain to impact the multi-camera system market in a positive way. Government policies that are favorable to automotive manufacturers are also giving a boost to this market, and this is expected to continue during the forecast period. However, the market growth can faces hindrances due to high initial costs associated with multi-camera systems.
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Market Research Future (MRFR) has published a research report about the global multi-camera system market that evaluates massive upturn in this market between 2017 and 2023. This report comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects, offered by various industry experts. Providing deeper insights into the market and industry performance, the report studies and observes current and projected market size, in terms of macroeconomic factors and governing factors, value, research and development (R & D) and technological advancement, in the market. It also profiles the key players in the market.
The segmentation of the global multi-camera system market on the basis of the display, function, vehicle type, and lastly region. Based on display, the market segmentation of the multi-camera system covers 2-Dimensional (2D) and 3-Dimensional (3D). On the basis of function, this market has been segmented into advanced driver-assistance systems (ADAS) and Parking. ADAS are systems that help the driver in the driving process. Designed with a safe human-machine interface, they are intended to increase car safety and more generally road safety. The purpose of the parking function is to aid safe parking for the vehicle. By vehicle types, the market has been segmented on the basis of passenger vehicle and commercial vehicles. Vehicles like car, scooter, and motorcycles are some examples of passenger vehicles whereas bus, truck, Lorries, and trains are commercial vehicles.
The regional segmentation of the global multi-camera system market segments the market into regions namely North America, Europe, Asia Pacific and Middle East & Africa (MEA). Due to major manufacturers having a base in North America and Europe are the two leading regional markets for the multi-camera system. In North America and Europe, manufacturers receive heavy investment in R & D, which enables them to develop new products and techniques that tap the market in the near future. In North America, the biggest markets for the multi-camera system are the United States of America (USA) and Canada. In Europe, the biggest markets are France, Germany, Italy, Spain, and the United Kingdom (UK). Rest of European countries also serve as a sizable market for the multi-camera system.
Currently, Asia Pacific is the fastest growing market for the multi-camera system. Factors driving the market in this region include improving infrastructure in this region, improving living standards, and rising vehicle production. Due to increasing vehicle electrification in the Asia Pacific region, the multi-camera system market is expected to grow sharply in this region. The biggest markets for the multi-camera system are China, India, Japan, and South Korea, followed by the rest of the Asia Pacific region. Availability of cheap labor in this region also reduces the cost of production due to which vehicles made in this region can be sold on more nominal prices. In the MEA region, due to poor infrastructure and less technological advancement, the market is small and limited.
The key players in multi-camera system include Ambarella (USA), Bosch (Germany), Clarion (Japan), Continental (Germany), Delphi (UK), Magna (Canada), NXP Semiconductors (Netherlands), OmniVision Technologies (USA), Samvardhana Motherson Reflectec (Germany), Texas Instruments (USA), Valeo (France), and Xilinx (USA).
Key Questions Addressed by the Report
- What was the historic market size (2020)?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2023?
- How are the key players in this market?
- What are the strategies adopted by key players?
Latest Industry News
- E-Con Systems has launched the 4K multi-camera system for NVIDIA Jetson TX1/TX2. This system features three 4-Lane MIPI CSI-2 camera boards and baseboard to interface with the J22 connector on a Jetson TX1 or TX2 development kit from NVIDIA. 27 JUNE 2018
- Engineers from Continental Romania are working to Continental’s new virtual driving school technology. The purpose of this technology is to use Artificial Intelligence (AI) in order to give vehicle systems, human understanding. The series production of Continental’s fifth generation of its multi-function camera is expected to begin in 2020. This camera will use neural networks alongside traditional computer vision processes. 2 JUL 2018
TABLE OF CONTENT
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
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