Growing Safety Awareness to Fuel India Automotive Camera Market till 2024
Increasing road safety
concerns and need for better visibility in poor lighting coupled with stringent
government regulations to drive India automotive camera market through
2024
According to TechSci Research report, “India
Automotive Camera Market By
Vehicle Type, By Technology, By Application, Competition, Forecast &
Opportunities, 2014 – 2024”,
India automotive camera market is projected to grow at
a CAGR of over 20% during the forecast period, owing to increasing road safety awareness.
Automotive cameras are implanted with computer algorithms to capture the
highest quality video in order to improve driver visibility, thereby enhancing
safety. These cameras assume vital job in advanced driver assistance systems (ADAS),
which include technologies such as blind spot detection and lane departure
warning. Additionally, government regulations are expected to drive automotive
camera market in India in coming years.
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2 market data Tables and 22 Figures spread through 70 Pages and an in-depth TOC on "India
Automotive Camera Market"
https://www.techsciresearch.com/report/india-automotive-camera-market/3771.html
Passenger car segment
led the market in 2018 and is anticipated to register strong growth during
forecast period, on the back of increasing number of low-priced car models and
improving road infrastructure. On the basis of technology, the market has been classified
into digital camera and thermal camera. Cameras with different configurations
assist in applications such as parking assistance, blind spot detection, driver
monitoring system, lane departure warning, etc.
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Some
of the major players operating in the market are Minda Automotive Solutions,
Denso India Limited, Robert Bosch GmbH and Delphi Automotive. Continental
AG is teaming up with significant market pioneers, for example, IBM and Cisco are
developing cutting-edge technologies for automotive digitization.
“Road accidents and road
rage incidents across the country have increased at a significant rate over the
past few years. Number of government initiatives such as Automotive Mission
Plan, in addition to growing technological advancements and increasing penetration
of players in the country, are further anticipated to propel demand for automotive
cameras during the forecast period.”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“India Automotive
Camera Market By Vehicle Type, By Technology, By Application, Competition,
Forecast & Opportunities, 2014 – 2024” has evaluated the future growth potential of India automotive
camera market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in India automotive camera market.
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