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The increasing awareness of automotive safety in this industry is one of the key factors expected to trigger the market growth during the forecast period. The automotive industry has been actively taking measures for improving road safety for preventing accidents and reducing injuries. In addition, automotive manufacturers are increasingly focusing on integrating passive safety systems with active safety systems including airbags, seatbelts, emergency braking systems, and night vision systems as they reduce the impact of accidents. As a result, the growing demand for safety systems will eventually drive the automotive camera cleaning systems market growth during the forecast period. The analysts have predicted that the automotive camera cleaning systems market will register a CAGR of almost 33% by 2023.
Market Overview
Stringent regulations to increase adoption of advanced safety systems
The entry-level and mid-sized passenger car segments of developed economies are significantly adopting ADAS technologies such as AEBS, adaptive cruise control devices, lane departure warning systems, and others. This adoption trend is expected to shift toward emerging economies during the forecast period.
Low consumer awareness about camera cleaning systems
Low consumer awareness remains the crucial inhibitor for the demand for camera cleaning systems. Automotive manufacturers offering the camera cleaning technology don not advertise these systems like they do for other automotive devices. This will hamper the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the automotive camera cleaning systems market during 2019-2023, view the full report.
Competitive Landscape
The market appears to be concentrated with the presence of a few market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Table of Contents
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Executive Summary
Global Automotive Camera Cleaning Systems Market 2019-2023The analyst recognizes the following companies as the key players in the global automotive camera cleaning systems market: Continental AG, dlhBOWLES, Ford Motor Co., General Motors Co., Panasonic Corp., and SEEVA Technologies.
Commenting on the report, an analyst from the team said: “The latest trend gaining momentum in the market is the growing popularity of camera cleaning systems in wide-angle automotive cameras.”
According to the report, one of the major drivers for this market is the growing popularity of camera technology in modern vehicles.
Further, the report states that one of the major factors hindering the growth of this market is the lack of trust on system reliability leading to uncertainty in user acceptance of automated technologies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Continental AG
- dlhBOWLES
- Ford Motor Co.
- General Motors Co.
- Panasonic Corp.
- SEEVA Technologies