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Vehicle Cameras Market Outlook, Opportunity and Demand Analysis, Forecast 2018-2024

Press Release

Infinium Global Research has added a new report on Global Vehicle Cameras Market. The report covers the analysis of global as well as regional markets of Vehicle Cameras. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report, the global vehicle cameras market is projected to grow at a CAGR of 10.5% over the forecast period of 2018-2024.

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Advancement of Technology to Promote Growth in the Vehicle Cameras Market over 2018 to 2024

Consumers are looking for different type of camera as they prioritize safety, security, and Inclination of government and insurance companies towards the advancement of technology and installation of vehicle cameras are the key factors anticipated to drive the vehicle camera market. Additionally, increase in the disposal income of the among the individual to increase the demand for luxury vehicles is expected to fuel the growth of the vehicle camera market during the forecast period. However, government regulations in some countries regarding public video recording is likely to hamper the growth of the vehicle camera market.

 On the other hand, use of advanced technologies such as 3D imaging, night vision cameras, and dual lenses cameras, and GPS are expected to provide several growth opportunities for the key players in the vehicle camera market over the upcoming years. Moreover, armored vehicles military ground transport vehicles, such as trucks, tanks, armored personnel carriers that operates in the total darkness are engaged with advanced featured cameras equipped with with night vision and GPS tracking. Furthermore, installing an “in-vehicle camera” has become a necessity to monitor activities of drivers and passengers as well. Thus, this feature is expected to have a significant effect on the market in the years to come.

North America region to contribute to growth in the global Vehicle Cameras market over the next 6 years

North America is expected to be the largest region in terms of revenue in vehicle camera market followed by Asia Pacific. The reason behind this is that high adoption of advanced driver assistance systems in automobiles used for private and commercial purpose proved North America to be the largest region. Omkar Harne a research analyst at Infinium Global Research quoted that Asia pacific is witnessed to grow owing to the rise in number of road accidents in India, china, Thailand and others.

Mergers and Acquisitions to remain key expansion strategies of the leading players in the Vehicle Cameras market “between” 2018-2024

The leading companies identified in the vehicle cameras market are Qrontech Co. Ltd. (Lukas), DCS Systems Ltd. (RoadHawk UK), AIPTEK International, Inc., GoPro, Inc., Garmin International, Inc., Transcend Information, Inc., Pittasoft Co. Ltd., Hyundai MnSOFT and S.Will Industrial Ltd. The key players such as Continental AG incorporate collaboration and developing partners in the market including IBM’s and Nokia’s maps to develop advanced systems and technologies for automotive digitalization. Moreover, Robert Bosch and Sony Semiconductor Solutions came together to develop a high-dynamic camera technology.

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Infinium Global Research

Infinium Global Research and Consulting Solutions is started with a single motto of being a business partner of the first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.