We are monitoring the impact of COVID-19 on Multi Camera System Market Get in touch with us for detailed analysis Know More
Pulished Date February, 2021
ID: 11193
Share on
Share on

Multi Camera System Market Segmentation By Function (Parking, ADAS), By Display Type (2D, 3D), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Autonomous driving (Level 1, Level 2 & 3, Level 4) and Region- Industry Analysis, Share, Growth, and Forecast 2021-2026.

Pulished: February, 2021
ID: 11193
Pages: 175

Multi Camera System Market Size, Trends & Growth (2021 - 2026)

The multi-camera framework is a mix of a camera and a coordinated electronic unit that is utilized for different applications in the vehicle. The multi-camera system facilitates the operation of ADAS (Advanced Driver Assistance System) functions such as object detection, blind spot detection and traffic sign recognition. The market for multi-camera systems has seen significant growth in recent times, mainly due to the advent of advanced technologies embedded in vehicles, such as advanced driver assistance systems.
The global multi-camera systems market was at USD 700.7 million in 2017 and is foreseen to register a market value of USD 2,843.4 million by 2025, registering a CAGR of 19.13% during the estimated period. The market is driven by factors such as the increased emphasis of insurance companies on safety features, the growing trend to incorporate additional safety features into vehicles, and the rising need for vehicles in the premium segment.

Recent Developments:

  • The latest generation of Continental cameras give the on-board computer bigger eyes. The modular, scalable and interconnected MFC 500 camera platform performs all camera tasks and adapts to the architecture of each vehicle.
  • German technology company Bosch recently announced a new indoor surveillance system with cameras and artificial intelligence that it hopes will improve the safety of drivers and passengers.
  • DENSO Corporation and Qualcomm Technologies, Inc., an auxiliary of Qualcomm Incorporated, today declared the organizations' joint endeavors to create cutting edge cockpit frameworks.
  • Magna International Inc. declared that it is providing camera-based driver help frameworks and all-wheel drive segments on the new Maserati Levante as the conventional Italian games brand enters the extravagance SUV section unexpectedly.
  • Clarion Co., Ltd. (President and CEO: Atsushi Kawabata / hereinafter "Clarion") has developed a multi-chamber washing system. This system automatically removes dirt from each chamber with a mist that is a mixture of air and liquid. The objective is to guarantee the precision of the cameras, which are utilized as outer sensors for self-ruling driving.

IMPACT OF COVID-19 ON MULTI CAMERA SYSTEM MARKET:

Leading automotive companies like Bosch and Continental have announced the temporary shutdown of production because of the declined demand, supply chain disruption and to ensure the safety of their employees in different parts of the world during the coronavirus pandemic. Therefore, the call for multi-camera solutions is supposed to see a decline in 2020. Manufacturers must adjust production to avoid bottlenecks and plan production according to demand from OEMs and tier one manufacturers. Automotive camera solutions lost revenue in the first quarter of 2020. Due to the severity of the pandemic, vehicle production is unlikely to resume, especially in the United States and major European countries, and players at the level 1 suspects further decline in revenue in remaining quarters of 2020. For example, Aptiv's Advanced Security and User segment reported revenue of $ 902 million in the first quarter of 2020, compared to $ 1,023 million in Q1 2019, a 13% decrease. According to the company, the scenario could be worse in the second quarter, as global vehicle production is expected to fall between 50% and 60%. The company suspended production in China, followed by North America and Europe. Camera providers face disruptions in supply chains as countries are locked in to prevent the spread of the disease. Therefore, the automotive camera market is expected to experience a phase of decline in 2020.

Drivers and Restraints of Multi Camera System Market:

Drivers:

The growing concern for home security and the increased focus of insurance companies on the multi-camera systems market have fueled the growth of the market. Increasing demand for vehicles and a corresponding increase in production are likely to contribute to the growth of the global multi-camera systems market. The rapid development of infrastructure around the world to adapt to the changing tide of the automotive industry will have a positive impact on the market for multi-camera systems. As government authorities develop favorable policies to encourage major automakers to drive technology development, the market for multi-camera systems is poised to experience rapid growth during the conjecture period.

Restraints:

The high upfront costs associated with multi-camera systems can be a major limiting factor in the marketplace.

Market Segmentation:

By Function:

• Parking

• ADAS

ADAS (Advanced Driver Assistance System) has been subcategorized into Safety Application, Information Application and Warning Application. Most infotainment systems work with multi-camera systems.

By Display Type:

• 2D

• 3D

The multi-camera framework is incorporated into the infotainment board or dashboard, which ventures 2D and 3D views. Increasing technological innovation has boosted the 3D display market, which is expected to grow at the fastest rate during the outlook period. The growth of 3D visualization is also linked to the increase in demand for vehicles in the premium segment. The improvement in client solace and driving experience through the multi-camera framework is liable for the development of the 3D display fragment in the car multi-camera systems business.

By Vehicle Type:

• Passenger Cars

• Commercial Vehicles

The passenger vehicle segment is estimated to have the largest share of the multi-camera systems market due to the increasing demand for ADAS functionality and the growth of autonomous and semi-autonomous vehicles. Growing safety concerns have fueled the growth of ADAS functionality, which is driving demand for semi-autonomous vehicles. Camera-based ADAS functions help meet high safety standards, driving the growth of passenger vehicles.

By Autonomous Driving:

• Level 1

• Level 2 & 3

• Level 4

The level-1 segment is estimated to experience significant growth compared to the level 2 and 3 segments.

Multi Camera System Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America will emerge as one of the fastest growing regions during the forecast period, followed by APAC. Increasing automobile production levels, strong investment in automotive research and development by OEMs, greater adoption of advanced technologies in automotive electronics, and rapid growth in autonomous and semi-autonomous vehicles compared to other regions, will drive the market of multi-camera systems in the North American nations. The Asia-Pacific region represents an important part of the global market for multi-camera systems. This is due to the increase in living standards and the increase in the young population. The rise of the automotive sector in Asia-Pacific is causing an increase in the production of vehicles equipped with multi-camera systems for automotive, especially in China and India. The automobile industry is in its infancy in the Middle East and South America. The market for multi-camera systems is expected to show steady growth over the outlook period. These regions are foreseen to provide opportunities in the future, with many automakers making investments to capitalize on the abundant demand in these areas.

Key Players of Market:

Key players of the market are:

• Continental AG

• Robert Bosch

• Denso

• Delphi

• Samvardhana

• Magna

• Clarion

• Valeo

• Texas

• NXP Semiconductors

• Omnivision

• Xilinx

• Ambarella

• Magneti Marelli

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Multi Camera System Market, By Function            

                    6.1.1 Parking

                    6.1.2 ADAS  

                    6.1.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Multi Camera System Market, By Type                  

                    6.2.1 2D      

                    6.2.2 3D      

                    6.2.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Multi Camera System Market, By Vehicle Type                

                    6.3.1 Passenger Cars        

                    6.3.2 Commercial Vehicles

                    6.3.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.4 Y-o-Y Growth Rate Analysis         

                    6.3.5 Market Attractiveness Index         

          6.4 Multi Camera System Market, By Autonomous Driving              

                    6.4.1 Level 1

                    6.4.2 Level 2 & 3    

                    6.4.3 Level 4

                    6.4.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.4.5 Y-o-Y Growth Rate Analysis         

                    6.4.6 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Function    

                    7.2.3 By Type         

                    7.2.4 By Vehicle Type        

                    7.2.5 By Autonomous Driving      

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Function    

                    7.3.3 By Type         

                    7.3.4 By Vehicle Type        

                    7.3.5 By Autonomous Driving      

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Function    

                    7.4.3 By Type         

                    7.4.4 By Vehicle Type        

                    7.4.5 By Autonomous Driving      

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Function    

                    7.5.3 By Type         

                    7.5.4 By Vehicle Type        

                    7.5.5 By Autonomous Driving      

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Function    

                    7.6.3 By Type         

                    7.6.4 By Vehicle Type        

                    7.6.5 By Autonomous Driving      

8. Key Player Analysis                           

          8.1 Continental AG           

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Robert Bosch              

          8.3 Denso              

          8.4 Delphi              

          8.5 Samvardhana              

          8.6 Magna              

          8.7 Clarion             

          8.8 Valeo               

          8.9 Texas               

          8.10 NXP Semiconductors           

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Multi Camera System Market By Region, From 2021-2026 ( USD Billion )
  2. Global Multi Camera System Market By Function, From 2021-2026 ( USD Billion )
  3. Global Parking Market By Region, From 2021-2026 ( USD Billion )
  4. Global ADAS Market By Region, From 2021-2026 ( USD Billion )
  5. Global Multi Camera System Market By Type, From 2021-2026 ( USD Billion )
  6. Global 2D Market By Region, From 2021-2026 ( USD Billion )
  7. Global 3D Market By Region, From 2021-2026 ( USD Billion )
  8. Global Multi Camera System Market By Vehicle Type, From 2021-2026 ( USD Billion )
  9. Global Passenger Cars Market By Region, From 2021-2026 ( USD Billion )
  10. Global Commercial Vehicles Market By Region, From 2021-2026 ( USD Billion )
  11. Global Multi Camera System Market By Autonomous Driving, From 2021-2026 ( USD Billion )
  12. Global Level 1 Market By Region, From 2021-2026 ( USD Billion )
  13. Global Level 2 & 3 Market By Region, From 2021-2026 ( USD Billion )
  14. Global Level 4 Market By Region, From 2021-2026 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample