Report ID: SQMIG25A2340
Report ID:
SQMIG25A2340 |
Region:
Global |
Published Date: November, 2024
Pages:
202
|
Tables:
118 |
Figures:
72
Drivers
One of the driving factors of the automotive camera market is advanced driver assistance systems or ADAS. Cameras remain the core data source of most ADAS systems providing real-time video information that includes, for instance, parking sensors and collision warning and lane keeping assist systems. Therefore, as auto manufacturers more extensively use these ADAS technologies for vehicle safety features, market size is predicted to rise further, hence the high-demand car camera.
The automotive camera market is growing rapidly as consumers globally are demanding more advanced driving assistance and car safety features. The cameras in the automotive industry are used in features such as 360-degree cameras, automated emergency braking, and blind-spot monitoring. Due to increased emphasis on accident prevention and improved driving experience, a massive demand is being generated for these systems. These systems are required to meet regulatory standards and improve the safety ratings.
Restraints
The major constraints for the automotive camera market are going to be luxury and driverless cars with very high prices of advanced camera systems. Stereo camera systems and high-resolution cameras increase the overall cost of producing a car, so their application may be limited to entry-level or low-cost cars, which will not expand their market in certain niches.
Inability to integrate automotive camera systems into the current car platform leads to compatibility and complexity issues. Most of the cars do not have an infrastructure that can accommodate today's camera systems, especially the older models. Besides, technical limitations such as distortion of images due to adverse weather conditions, low light performance, and delayed data processing limit the system from reaching its full capacity and thus cannot be ascertained in all cars.
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Report ID: SQMIG25A2340