Market Overview:
The use of multi camera system Market technology is rapidly increasing in the automotive industry. Multi camera systems offer automobile manufacturers, a cost effective and versatile form of wireless connectivity. An automotive multi camera system enables features such as enhanced safety features, in-car infotainment and is now included as a standard equipment on millions of new cars and commercial vehicles.
Multi camera system market is driven by various factors such as the growing demand for connectivity in cars and the ability to carry out vehicle diagnostics. However, the coverage and range limitation of multi camera system, coupled with its slow data transfer is a major restraint in the market. Poor security offered by multi camera system technology, also hinder the wide spread implementation of multi camera system.
The global multi camera system market has been segmented on the basis of function as Parking and ADAS. On the basis of vehicle type the market has been segmented as passenger vehicle and commercial vehicle. On the basis of display the market has been segmented as 2D and 3D. On the basis of regions, the market for multi camera system has been segmented as North America, Europe, Asia Pacific, Middle East & Africa and South America.
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Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Multi Camera System Market Research Report - Forecast Period”.
Global Multi Camera System Market:
Multi camera systems are completely dependent on the automotive industry. Thus, the increase or decrease in demand for the automobiles, has a direct impact on the market for adaptive front light systems and other automotive driver assistance systems. The total four wheeler production for the year 2015, was approximately 90 million units, which is expected to witness further growth and reach more than 100 million units, by the year 2020. This is primarily driving the multi camera system market, as automobile interiors have gained prevalence in recent times with numerous technological developments, and rapidly increasing disposable income of consumers. Thus, the growth of the multi camera system market is expected to go hand in hand with the automotive industry.
The growth of the Asia Pacific region can be attributed to the increase in adoption of passenger cars and therefore, the increase in adoption of ADAS in the passenger cars. The recent shift in preference from mileage to appearance and features, is also expected to result in the high demand for multi camera systems. The global multi camera system market is also expected to grow during the forecast period, owing to increasing population, rapid industrialization, and aggressive expansion of manufacturing sector.
The key players of global multi camera system market Bosch (Germany), Continental (Germany), Delphi (UK), Magna (Canada), Samvardhana Motherson Reflectec (Germany), Valeo (France), Clarion (Japan), Texas Instruments (US), NXP Semiconductors (Netherlands), OmniVision Technologies (US), Xilinx (US), and Ambarella (US). In 2016, these companies accounted for a share of XX% of the global market.
Market Research Analysis:
Rest of the World comprises Latin America and Middle East and Africa. Middle East & Africa region has an emerging market, owing to the increase in adoption of passenger cars in this region. Latin America is one of the emerging regions in multi camera system market. Countries such as Brazil are significantly contributing in the market, owing to the government initiatives, which are pushing rapid developments in the automotive components industry.
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