[170 Pages Report] The multi camera system market for automotive is estimated to be USD 700.7 Million in 2017 and is projected to reach USD 2,843.4 Million by 2025, at a CAGR of 19.13% during the forecast period. The base year for the study is 2017 and the forecast period is 2018�2025.

The multi camera system market for automotiveis primarily driven by the increased emphasis of insurance companies on safety features, the rise in trend of integrating additional safety features to enhance the vehicle safety performance, and increased demand for premium segment vehicles. However, the high cost of the multi camera system is inhibiting the growth of this market.

Objectives of the Report

To define, describe, and project the multi camera system market for automotive (2017�2025), in terms of volume (�000 units) and value (USD million/billion)

To provide detailed information regarding the major factors such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of this market

To analyze and forecast the market for automotive and estimate the market size, by volume and value, based on multi camera system function, multi camera system display type, level of autonomous driving, and region

To forecast the market size, by volume and value, of the market for automotive with respect to four regions, namely, Asia Pacific, Europe, North America, and the Rest of the World (RoW)

To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and expansions in the market for automotive

The research methodology used in the report involves primary and secondary sources and follows bottom-up and top-down approaches for the purpose of data triangulation. The study involves country-level OEM and model-wise analysis of automotive multi camera system. This analysis involves historical trends as well as existing penetrations by country as well as vehicle type. The analysis is projected based on various factors such as growth trends in vehicle production and regulations or mandates on the implementation of automotive electronics, which drive the multi camera system market for automotive. The analysis has been discussed with and validated by primary respondents, including experts from the market for automotive, automotive experts, manufacturers, and suppliers. Secondary sources include associations such as International Organization of Motor Vehicle Manufacturers (OICA), American Association of Motor Vehicle Administrators (AAMVA), Automotive Component Manufacturers Association of India (ACMA), and paid databases and directories such as Factiva and Bloomberg.

The figure below illustrates the break-up of the profile of industry experts who participated in the primary discussions.

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the automotive multi camera system market for automotive consists of multi camera system manufacturers such as Bosch (Germany), Continental (Germany), Delphi (UK), Valeo (France), and Clarion (Japan). The multi camera systems are supplied to automotive OEMs such as BMW (Germany), Daimler (Germany), and Volkswagen (Germany).

Target Audience

Multi camera system for automotive manufacturers and component suppliers

Automotive AR system manufacturers and component suppliers

Automotive display panel manufacturers

Automotive OEMs

Industry associations and other driver assistance systems manufacturers

The automobile industry and related end-user industries

Scope of the Report

Market for Automotive, By Function Parking



ADAS

Market for Automotive, By Display Type 2D



3D

Market for Automotive, By Level of Autonomous Driving Level 1



Level 2 & 3



Level 4

Market for Automotive, By Region Asia Pacific (China, Japan, India, South Korea, and Rest of Asia Pacific)



Europe (France, Germany, Italy, Spain, the UK, and Rest of Europe)



North America (Canada, Mexico, and the US)



Rest of the World (Brazil, Russia, and South Africa)

Market for Automotive, By Vehicle TypePassenger Vehicles Commercial Vehicles

Available Customizations

Country-level analysis of market for automotive, by display type

Company Information Detailed analysis and profiling of additional market players (up to 3)



The multi camera system market for automotive is estimated to be USD 700.7 Million in 2017 and is projected to reach USD 2,843.4 Million by 2025, at a CAGR of 19.13% from 2018 to 2025. The key growth drivers for the market are the increased emphasis of insurance companies on safety features, faster generation of real-time and reliable data from advanced driver assistance systems (ADAS), and the growth of autonomous and semi-autonomous vehicles.

The 2D display type segment is estimated to hold the largest market share in 2017. However, the 3D multi camera system is estimated to be the fastest growing market during the forecast period and is anticipated to grow at a rapid pace due to technological advancements. In addition, the technology-driven companies are using the 3D multi camera system as a tool for developing autonomous and semi-autonomous vehicles.

The parking segment is estimated to hold the largest market share of this market, by function type. However, the ADAS segment is estimated to be the fastest growing market owing to the growth of semi-autonomous and autonomous vehicles and advanced driver assistance functions based on the multi camera system.

By the level of autonomous driving, the Level 2 & 3 segment is estimated to be the fastest growing segment of the multi camera system market for automotive during the forecast period. However, the level 1 segment is estimated to be the largest segment of the market during the forecast period. The growth of this segment can be attributed to the demand for a multi camera system in commercial vehicles, mid-range, and premium cars.

The passenger vehicle segment is estimated to hold the largest share of the multi camera system market for automotive. A key growth driver for the market for passenger cars is the rising consumer awareness of road and vehicle safety. The commercial vehicle segment is expected to adopt the multi camera system at a significant rate from 2019. The adoption of advanced technologies continues to be slow in commercial vehicles due to the impact of technology on the overall cost of the vehicle. However, increasing mandates, regulations, increasing road fatality rates, accidents while parking, and consumer awareness of safety system are driving the adoption of advanced safety functions in a wide range of commercial vehicles.

The North American region is estimated to be the largest market for multi camera system during the forecast period. Increased production levels of automobiles, higher adoption of advanced technologies in automotive electronics, and rapid growth of semi-autonomous and autonomous vehicles are expected to boost the demand for the automotive multi camera system market for automotivein this region. The Asia Pacific market is estimated to be the fastest growing market during the forecast period.

A key factor restraining the growth of the multi camera system market for automotive is the high cost of developing the system and its related technologies. However, the cost of the multi camera system is likely to decrease in the coming years because of large-scale production and increasing number of suppliers. While cost is not a matter of concern for the premium segment vehicles, it can substantially affect the economic and mid-segment vehicles. The market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Bosch (Germany), Continental (Germany), Delphi (UK), Magna (Canada), and Valeo (France).

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