Regional Analysis
The global vehicle camera market is geographically segmented into four major regions, namely Europe, Asia Pacific, North America, and the Rest of the World.
The Asia Pacific region is also slated to grow massively over the forecast period as estimated by Market Research Future. The region holds a key presence in the global landscape and its importance is only expected to widen with time. The market is gaining considerable growth due to the increasing prevalence of accidents herein and the growing awareness among the consumers concerning the benefits of installing vehicle cameras.
Market Segmentation
The global vehicle camera market segmented into the following components to ensure better understanding of the report: Vehicle Type, Technology, End-use Application, and Camera Type.
By vehicle type, the market divides into passenger vehicle and commercial vehicle.
By technology, the market includes accident sensor, night vision recording, built-in GPS, and others.
By camera type, the market breaks into interior cam, front view, and rear view cameras.
Competitive Landscape
The global vehicle camera market is off-late seeing heightened increase in terms of competition and is projected to further intensify during the forecast period. In order to gain a competitive edge over the competitors and maintain their standings in the market, the players incorporate various strategies in the form of collaboration, acquisition, expansion, and partnership. The increasing advancements in technology in manufacturing automotive test equipment and the growing research and development expenditure by key players is anticipated to push the competition level of the global market.
The global vehicle camera market includes various key players, as stated by MRFR in its latest report. This includes names such as GoPro Inc. (U.S.), robert Bosch Gmbh (Germany), Falcon Electronics LLC (Balkans), Autoliv Inc (Sweden), Valeo (France), Delphi Automotive PLC (U.K.), DCS Systems Ltd. (U.K.), Continental AG (Germany), Transcend Information Inc. (Taiwan), Qrontech Co. Ltd. (South Korea), S.Will Industrial Ltd. (China), and others.
April 29th, 2019, Xiaomi, a pioneering digital tech company in the world, announced the imminent launch of its new vehicle camera named DDPAI miniONE Dashcam that has night vision integrated with it and can record clean videos at night.
Comments