Camera Market Overview
India automotive camera market is forecast
to grow from $ 30.34 million in 2018 to $ 93.66 million by 2024, exhibiting a
CAGR of over 20% during the forecast period, on account of increasing road accidents.
Growing traffic congestion and strict government regulations are pushing the
country’s automotive camera market. Automotive or vehicle camera is onboard
camera, which is used to capture the highest quality video in order to extend
the visibility and enhance the performance of the driver. Automotive camera is
embedded with computer vision algorithms to assist the driver for parking and
for poor lighting. These cameras play a crucial role in the advanced driver
assistance systems (ADAS). Moreover, increasing awareness regarding safety and
government regulations are positively impacting the market growth.
India Automotive Camera Market Segments
In terms of vehicle type, India
automotive camera market has been categorized into passenger car, light commercial
vehicle and heavy & medium commercial vehicle segments. Passenger car
segment captured the major market share in 2018 and is anticipated to continue its
market dominance during the forecast period, on account of surging population
and high disposable income. Based on the camera technology type, the market for
automotive camera has been bifurcated into digital camera and thermal camera. Camera
segment is gaining traction due to increasing installation of ADAS in passenger
cars. Driver assistance systems consist different components and varied
configurations based on the assistance feature and technology used. These
systems are associated with cameras of various kinds including thermal cameras,
digital cameras. These different configurations assist in various applications
such as vehicle parking assistance, blind spot detection, driver monitoring
system, lane departure warning and others. Vehicle parking assistance is the
largest application segment in India automotive camera market.
India Automotive Camera Market Regional Insights
In terms of regional analysis,
India automotive camera market has been segmented into north, south, east and
west. The developing economy is witnessing high demand for automotive cameras,
owing to high demand for passenger cars and commercial vehicles. Increasing
road accidents are further escalating the demand for automotive cameras.
India Automotive Camera Market Competitive Landscape
Major companies operating in India
automotive camera market recorded high sale volumes in 2018 and the trend is
likely to continue during the forecast period. List of major players operating
in India automotive camera market includes Minda
Automotive Solutions, Denso India Limited, Robert Bosch GmbH, Delphi Automotive,
etc., Major companies are developing advanced technologies and launching
new products in order to stay competitive in the market. Other competitive
strategies include mergers & acquisitions and new product developments.
Delphi automotive is one of the major players in the automotive camera market
and is launching state-of-art products in order to expand its customer base.
While Continental AG is collaborating with major market leaders such as IBM and
Cisco to develop advanced technologies and for automotive digitization.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the
- To analyze and forecast India automotive camera
market size, in terms of value and volume.
- To classify and forecast
India automotive camera market based on vehicle type, technology,
application and regional distribution.
- To identify drivers and challenges for India automotive
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
automotive camera market.
- To conduct the pricing analysis for India automotive
- To identify and analyze the profile of leading players operating in
India automotive camera market.
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Some of the leading players operating
in India automotive camera market are Minda
Automotive Solutions, Denso India Limited, Robert Bosch GmbH and Delphi
TechSci Research performed
both primary as well as exhaustive secondary research for this study.
Initially, TechSci Research sourced a list of manufacturers across India. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the manufacturers
which could not be identified due to the limitations of secondary research.
TechSci Research analyzed the product offerings, distribution channels and
presence of all major manufacturers across India.
TechSci Research calculated India automotive camera market size
using a bottom-up approach, where data for end-user segment was recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
- Manufacturers and other stakeholders
- Government bodies such as
regulating authorities and policymakers
- Organizations, forums and
alliances related to automotive camera market
- Market research and
study is useful in providing answers to several critical questions that are
important for industry stakeholders such as manufacturers, partners and end users. The study would also help them to
target the growing segments over the coming years, thereby aiding the
stakeholders in taking investment decisions and facilitating their expansion.
In this report, India automotive
camera market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Market, by Vehicle
- Passenger Car
- Light Commercial Vehicle
- Heavy & Medium Commercial Vehicle
- Market, by Technology:
- Digital Camera
- Thermal Camera
- Market, by Application:
- Parking Assistance
- Blind Spot Detection
- Driver Monitoring System
- Lane Departure Warning
- Market, by Region:
Company Profiles: Detailed analysis of the major
companies present in India automotive camera market.
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
- Detailed analysis and profiling of additional market
players (up to five).
In case you don’t find what
you are looking for, please get in touch with our custom research team at [email protected]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]