Vehicle Camera Market Global Opportunity Analysis and Industry Forecast, 2014 - 2022
Published Date: Sep 2016
No of Pages: 110
VEHICLE CAMERA MARKET OVERVIEW • The global Vehicle Camera Market expected to garner $7,567 Million by 2022, registering a CAGR of around 15% during the forecast period 2016 to 2022. • Mid-range vehicle cameras are expected to dominate the global market throughout the forecast period, while region-wise, North America is estimated to lead in terms of revenue during the forecast period. • Rise in cases of road accidents, false insurance claims, vehicle thefts, and others have fostered the adoption of vehicle cameras. • In addition, the growth of the vehicle camera market is expected to be accelerated by the use of vehicle cameras in the commercial sector for movies, advertisements, healthcare, and others. • However, increasing prices of vehicles may restrict the growth of vehicle camera industry.
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VEHICLE CAMERA MARKET SEGMENTATION
VEHICLE CAMERA MARKET SEGMENT OVERVIEW • In the year 2015, the private end-user segment accounted for the maximum revenue share, due to increase in threat of vehicle robberies, road accidents, and parking accidents. • In addition, the commercial end-user segment is presently the fastest growing segment, and is projected to grow at a CAGR of around 16%. This is attributable to the extensive use of vehicle cameras among medical, tourism, and entertainment industries. • In 2015, mid-range vehicle cameras dominated the world vehicle camera market owing to its multiple features provided at reasonable prices.
• This adoption of mid-range vehicle cameras has increased over the years due to its various superior features such as loop recording, rear and front view, GPS technology, wide angle view and other features available at comparatively low price than the premium segment of the vehicle camera market. • North America accounted for majority of the global vehicle camera market share in 2015, and is expected to maintain this trend during the forecast period due to the high adoption of ADAS in vehicles among private and commercial sectors.
VEHICLE CAMERA MARKET KEY FINDINGS
In the year 2015, mid-range vehicle cameras dominated the vehicle camera industry, in terms of revenue, and the segment is projected to grow at a CAGR of over 14%. Commercial end-user segment is expected to grow at the highest CAGR of around 16% during the forecast period. Private end-user segment is projected to generate the highest revenue during the forecast period.
North America generated the highest revenue in 2015. Asia-Pacific is expected to grow at a significant CAGR of around 16% from 2016 to 2022.
KEY BENEFITS OF VEHICLE CAMERA MARKET The study provides an in-depth analysis of the world vehicle camera industry along with current trends and future estimations to elucidate the imminent investment pockets. Current and future trends are outlined to determine the overall market potential and to single out profitable trends to gain a stronger foothold in the market. Key drivers, restraints, and opportunities along with their impact analysis are explained. Quantitative analysis of the current market size and forecast from 2014 to 2022 is provided to highlight the financial competency of the market. Porter’s five forces analysis illustrates the potency of buyers & suppliers participating.
KEY PLAYERS IN INDUSTRY
Qrontech Co. Ltd. DCS Systems Ltd. AIPTEK International GoPro, Inc. Garmin International, Inc., Transcend Information, Inc. Pittasoft Co. Ltd. Hyundai MnSOFT S.Will Industrial Ltd. PAPAGO Inc.
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KEY DRIVERS OF VEHICLE CAMERA MARKET
VEHICLE CAMERA MARKET BY REGION
North America, Europe, Asia-Pacific, LAMEA
DEFIBRILLATORS MARKET
The vehicle camera market in Asia-Pacific is projected to grow at a significant rate during the forecast period, owing to the increasing number of road accidents and demand for road safety in countries including India, China, Pakistan, and Thailand Puja Mourya
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