United Kingdom Automotive Camera Market To Establish Future Growth With Higher Passenger Car Sales
Advancing
technologies to provide safe driving experience, actively drives United Kingdom
Automotive Camera Market growth.
According to TechSci report on, “United
Kingdom Automotive
Camera Market - By
Region, Competition Forecast & Opportunities, 2027”. United
Kingdom automotive camera market may flourish with an impressive CAGR during
the forecast period of 2023-2027, on the backbone of growing demand for the
safe driving. Rising technological advancement along with the research for the
product development actively drives the growth of the Untied Kingdom automotive
camera market in the upcoming five years. Additionally, factors like increasing
vehicle sales, government announced safety norms, coupled with growing demand
for the safe vehicles from the consumer are some of the major factors
supporting the growth of the United Kingdom automotive camera market in the
next five years. Growing population of the country and their rising disposable
income coupled with the demands for the personal ownership of the vehicles also
facilitate the growth of the United Kingdom automotive camera market in the
future five years.
Growing
demands for the electric vehicles and rising concerns over environmental
degradation further aids the growth of the United Kingdom automotive camera
market in the forecast years. Electric vehicles are quite popular in the
country and their demands are rapidly increasing with the rising awareness
regarding the toxic exhaust from the traditional automotives combusting
petroleum product to fuel the vehicles. The advanced electric vehicles launched
in the market have internet enabled functions and installed camera link
technologies with the internet enabling substantiates the demand and the growth
of the United Kingdom automotive camera market in the forecast period. Drive
recorders, blind spot monitoring, night vision, road sign recognition, lane
departure monitors, adaptive cruise control, emergency braking, and low speed
collision avoidance systems, along with driver vital sign monitoring, occupant
detection, and gesture recognition for human machine interfacing (HMI) are some
of the camera linked technologies facilitating the growth of the market.
Browse over XX market data Figures
spread through 70 Pages and an
in-depth TOC on "United Kingdom Automotive Camera Market"
The
United Kingdom automotive camera market is segmented by camera type, camera
class, vehicle type, application, technology, competitional landscape, and
regional distribution. Based on camera type, the market is differentiated
between monocular camera and stereo camera. Monocular camera has traditionally
led the market segmental growth in the historic period, although in the recent
years and going forth demands for the stereo camera is anticipated to grow
further and thus register largest revenue shares of the market in the upcoming
five years. Advantages of the stereo camera and growing technological
advancement also facilitate the segment growth along with the United Kingdom
automotive camera market in the next five years. By camera class, the market is
further segmented into entry level, medium, and premium. Medium level of camera
class is anticipated to hold the largest revenue shares of the market due to
growing demands for the safe driving vehicles. Although premium cameras may
also register significant growth in the next five years with rising disposable
income among the population and their tendencies to spend lavishly over the
automotives.
Based
on vehicle type, the market is fragmented into passenger cars, light commercial
vehicles (LCV), and medium & heavy commercial vehicle (M&HCV). Passenger
cars are anticipated to hold the largest revenue shares of the market and
dominate the market segment in the upcoming five years on the account of higher
sales of the passenger cars in the recent years. Rising disposable income is
also driving the growth of the segment. Growing population of the country and
surge in the demand for the ownership of the personal vehicles also drive the
growth of the United Kingdom automotive camera market in the future five years.
By
application, the market is bifurcated into rear view assist and advanced driver
assistance system (ADAS). Based on technology, the market is also distinguished
between digital cameras and thermal cameras. The market analysis also studies
the regional segmentation to devise regional market segmentation, divided among
London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and
Yorkshire & Humberside.
A
partial list of major market players of the United Kingdom automotive camera
market includes :
- Robert Bosch GmbH
- Valeo SA
- Denso Corporation
- Autoliv Inc.
- Omni Vision Technologies Inc.
- Gentex Corporation
- Continental AG
- Aptiv Plc
- Magna International Inc.
- Aei Inc.
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“Rising demand for the advanced camera and camera link technologies
facilitate the market growth. Increasing adoption of ADAS features in the mid
and economy passenger cars, aids the market growth too. To overcome the rising
number of accidents, and surge in the demands for the safer driving
substantiate the growth of the market. Rising investment and technological
advancement in the automotive camera are also responsible for the market
growth. New market players may invest in the research along with introducing
innovative product range to influence the consumers that would help in their
brand establishment,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“United Kingdom
Automotive Camera Market By Camera Type (Monocular Camera, Stereo Camera), By
Camera Class (Entry level, Medium, Premium), By Vehicle Type (Passenger Cars,
LCV, M&HCV), By Application (Rear View Assist, ADAS), By Technology
(Digital Cameras, Thermal Cameras), By Region, Competition Forecast &
Opportunities, 2027” has
evaluated the future growth potential of United Kingdom 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 United Kingdom automotive camera market.
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