India Automotive Camera Market Overview
The Indian automotive camera market is forecast to grow from $ 30.34 million in 2018 to $ 93.66 million by 2024, exhibiting a CAGR of over 20% during the forecast period, on account of increasing road accidents. Growing traffic congestion and strict government regulations are pushing the country’s automotive camera market. Automotive or vehicle camera is onboard camera, which is used to capture the highest quality video in order to extend the visibility and enhance the performance of the driver. Automotive camera is embedded with computer vision algorithms to assist the driver for parking and for poor lighting. These cameras play a crucial role in the advanced driver assistance systems (ADAS). Moreover, increasing awareness regarding safety and government regulations are positively impacting the market growth.
India Automotive Camera Market Segments
In terms of vehicle type, the Indian automotive camera market has been categorized into passenger car, light commercial vehicle and heavy & medium commercial vehicle segments. Passenger car segment captured the major market share in 2018 and is anticipated to continue its market dominance during the forecast period, on account of surging population and high disposable income. Based on the camera technology type, the market for automotive camera has been bifurcated into digital camera and thermal camera.
Camera segment is gaining traction due to increasing installation of ADAS in passenger cars. Driver assistance systems consist different components and varied configurations based on the assistance feature and technology used. These systems are associated with cameras of various kinds including thermal cameras, digital cameras. These different configurations assist in various applications such as vehicle parking assistance, blind spot detection, driver monitoring system, lane departure warning and others. Vehicle parking assistance is the largest application segment in the Indian automotive camera market.
India Automotive Camera Market Regional Insights
In terms of regional analysis, the Indian automotive camera market has been segmented into north, south, east and west. The developing economy is witnessing high demand for automotive cameras, owing to high demand for passenger cars and commercial vehicles. Increasing road accidents are further escalating the demand for automotive cameras.
India Automotive Camera Market Competitive Landscape
Major companies operating in the Indian automotive camera market recorded high sale volumes in 2018 and the trend is likely to continue during the forecast period as well. List of major players operating in the Indian automotive camera market includes Minda Automotive Solutions, Denso India Limited, Robert Bosch GmbH, Delphi Automotive, etc., Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. Delphi automotive is one of the major players in the automotive camera market and is launching state-of-the-art products in order to expand its customer base. While Continental AG is collaborating with major market leaders such as IBM and Cisco to develop advanced technologies and for automotive digitization.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
- To analyze and forecast the Indian automotive camera market size, in terms of value and volume.
- To classify and forecast the Indian automotive camera market based on vehicle type, technology, application and regional distribution.
- To identify drivers and challenges for the Indian automotive camera market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian automotive camera market.
- To conduct the pricing analysis for the Indian automotive camera market.
- To identify and analyze the profile of leading players operating in India automotive camera market.
Some of the leading players operating in the Indian automotive camera market are Minda Automotive Solutions, Denso India Limited, Robert Bosch GmbH and Delphi Automotive.
The author performed both primary as well as exhaustive secondary research for this study. Initially, the author sourced a list of manufacturers across India. Subsequently, the author conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the author could include the manufacturers which could not be identified due to the limitations of secondary research. The author analyzed the product offerings, distribution channels and presence of all major manufacturers across India.
The author calculated the Indian automotive camera market size using a bottom-up approach, where data for end-user segment was recorded and forecast for the future years. The author sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Manufacturers and other stakeholders
- Government bodies such as regulating authorities and policymakers
- Organizations, forums and alliances related to automotive camera market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end-users. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, India automotive camera market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Vehicle Type:
- Passenger Car
- Light Commercial Vehicle
- Heavy & Medium Commercial Vehicle
Market, by Technology:
- Digital Camera
- Thermal Camera
Market, by Application:
- Parking Assistance
- Blind Spot Detection
- Driver Monitoring System
- Lane Departure Warning
Market, by Region:
Company Profiles: Detailed analysis of the major companies present in India automotive camera market.
With the given market data, the author offers customizations according to a company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).
*Note - Custom Research License:
10% specific customization is available free of any additional cost, for both the single user and enterprise license, as above. However, alternatively, if you are looking for additional content data or insight related to the scope of the report, you may purchase the new “Custom Research License”. Please enquire for pricing.
The custom research will be delivered in printable PDF format along with the report’s data excel sheet. This license offers 80 analyst hours. It is strongly recommended for an organization which wants to execute short ‘bespoke’ research projects related to the scope of the purchased report.
Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.
4.2. Challenges/Issues Faced Post Purchase
4.3. Brand Satisfaction Level
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy & Medium Commercial Vehicle)
5.2.2. By Technology (Digital Camera and Thermal Camera)
5.2.3. By Application (Parking Assistance, Blind Spot Detection, Driver Monitoring System, Lane Departure Warning and Others)
5.2.4. By Region
5.2.5. By Company
5.3. Market Attractiveness Index
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Technology
6.2.2. By Application
6.3. Market Attractiveness Index
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Technology
7.2.2. By Application
7.3. Market Attractiveness Index
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Technology
8.2.2. By Application
8.3. Market Attractiveness Index
13.2. Denso India Limited
13.3. Robert Bosch GmbH
13.4. Delphi Automotive
13.5. Samavardhan Motherson Group
*Full List of Figures and Tables Available on Enquiry.
A selection of companies mentioned in this report includes:
- Minda Automotive Solutions
- Denso India Limited
- Robert Bosch GmbH
- Delphi Automotive
- Samavardhan Motherson Group