Asia Pacific Automotive Camera Market - Growth, Trends and Forecasts (2020 - 2025)

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The Asia-Pacific automotive camera market is expected to grow at a CAGR of 19.62% by 2020. The countries in this region are expected to hold a significant share in the global automotive camera market by the end of 2020, after North America and Europe. In terms of growth rates, the automotive camera market in Asia-Pacific is anticipated to witness a significantly high growth rate during the forecast period.

Market Dynamics- Asia-Pacific Automotive Camera Market

The Asia-Pacific region includes developing countries such as China, India, and Thailand. Factors such as increasing market penetration of premium cars and safety installations per vehicle are accelerating the demand for automotive night vision systems and driver monitoring systems. In the advanced economies of Asia-Pacific countries such as Australia and Singapore, the safety systems including automotive cameras featured in compact and mid-sized vehicles are advanced and can be compared to those available in Europe and North America. In Australia, automobiles feature superior safety systems. This is primarily driven by the high level of safety awareness among the local population. The automotive camera market is expected to be driven by the export-driven demand for park assist systems and other advanced driver assistance systems like lane-departure warning systems in European and North American countries.

Automotive Cameras- Technological Developments

Automotive cameras have evolved significantly to integrate with the other safety systems of the vehicles and offer a safer drive. For instance, the ZF TRW's lane departure warning system uses video camera technology that is integrated with an electrically powered steering to enable quick feedback for active lane keeping assistance. The video camera detects when the vehicle is drifting toward the lane markings and the electric steering provides the driver with guidance through the steering wheel to stay in the lane.

The passenger car active and passive safety systems market is in its growth stage, driven by the market in China and India. Active safety systems like automotive camera typically are defined as systems that contribute to the active avoidance of accidents. However, the installation costs for the automotive cameras are quite high and this deters the adoption of these safety systems in the aftermarket for this region. OEMs are beginning to install more of these camera systems in an extensive range of passenger vehicle mid-price segments to differentiate their products in the highly competitive Chinese automotive market and attain economy in the installation costs. In terms of growth, the Asia-Pacific automotive camera market is projected to grow at the highest rate from 2015 to 2020 after North America. The industry is characterized by significant machinery and equipment that is used for researching, developing, manufacturing and testing new equipment.

The Asia-Pacific automotive camera market has been segmented based on the vision technology type, application type, and vehicle type. The market for advanced driver assistance systems is expected to lead the automotive camera market by application type in the region. The automotive sensing camera is projected to specifically gain popularity during the forecast period, in the automotive camera by vision technology.

The automotive manufacturers in the region like Hyundai, Nissan aim to increase their revenue by strategically manufacturing advanced automotive camera technology like pedestrian detection, automatic high-beam control, and speed limit sign recognition systems. Omron Corporation is the dominant player in this region and their extensive variety and range of high-quality cameras with sensing technologies would help drive the adoption of the automotive night vision system and other camera-assisted driver monitoring system. Apart from these, the global players such as Robert Bosch, Autoliv Inc., and TRW Automotive have their presence in the Asia-Pacific region, which is also expected to influence the market demand for the automotive night vision systems and driver monitoring systems.

Some of the key players in the market are:

  • Autoliv Inc.                                                                      
  • Continental AG
  • Delphi Automotive PLC
  • Denso Corporation
  • Panasonic Corporation
  • Valeo S.A.

What the Report Offers

  • Market definition along with identification of key drivers and restraints for the market.
  • Market analysis with country-specific assessments and competition analysis in the Asia-Pacific automotive camera market.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on the regional scale and at the country level.
  • Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
  • Identification and analysis of the macro and micro factors that affect the industry on both regional scale and at the country level.

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