Backup cameras in a vehicle are used to provide a clear picture of the rear side of the vehicle and is useful in reducing the accidents that can occur during the reversal of the vehicle. Since a larger number of accidents take place during the reversal of the vehicle followed by the number of deaths and damage to the infrastructure, the backup camera for vehicles has gained popularity across the globe. Also the backup cameras can provide the view of the blind spot at the rear side of the vehicle, which has also supplemented the automotive backup camera growth. In addition, they provide the mirror image of the rear side object, which is helpful in reduction of accidents during the reversal of the vehicle. Also, government regulations across the globe has made backup camera to be mandatorily installed in the vehicle, which has supplemented the growth of automotive backup camera across the globe.
Backup cameras have a wider application in tow trucks and large trailers which cover a larger area on the road while travelling and need assistance while parking and reversing the vehicle. Also, backup camera are much more effective and efficient as they help to reduce the accidents occurring due to rear blind spots which are not visible to the driver while reversing the vehicle. Backup camera are installed in vehicle during the time of manufacturing or by aftermarket source and are positioned at surface, flush or license plate of the vehicle thus providing a better view of the rear side of the vehicle to the driver.
Automotive backup cameras are expected to register a significant growth during the forecast period due to the increased safety concern among the customers and the increased trend of installing advanced driving system in vehicle. Also the government regulations fuel the growth of the automotive backup camera market across the globe.
The automotive backup camera market is segmented based on position, vehicle type, sales channel, and region. By position, the automotive backup/rear camera market is categorized as surface mounted, flush mounted and license mounted. Passenger vehicles and commercial vehicles are the vehicle types that are studied under automotive backup/rear camera market. By sales channel, it is categorized into original equipment manufacturers (OEMs) and the aftermarket. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the automotive backup camera market include Aptiv PLC, Continental AG, Delphi Technologies, Magna International, OmniVision Technologies, Pyle, Robert Bosch GmbH, Stonkam AG, Valeo, and Yada.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Position
By Vehicle Type
By Sales Channel Type
By Region
Key Players
Backup cameras have a wider application in tow trucks and large trailers which cover a larger area on the road while travelling and need assistance while parking and reversing the vehicle. Also, backup camera are much more effective and efficient as they help to reduce the accidents occurring due to rear blind spots which are not visible to the driver while reversing the vehicle. Backup camera are installed in vehicle during the time of manufacturing or by aftermarket source and are positioned at surface, flush or license plate of the vehicle thus providing a better view of the rear side of the vehicle to the driver.
Automotive backup cameras are expected to register a significant growth during the forecast period due to the increased safety concern among the customers and the increased trend of installing advanced driving system in vehicle. Also the government regulations fuel the growth of the automotive backup camera market across the globe.
The automotive backup camera market is segmented based on position, vehicle type, sales channel, and region. By position, the automotive backup/rear camera market is categorized as surface mounted, flush mounted and license mounted. Passenger vehicles and commercial vehicles are the vehicle types that are studied under automotive backup/rear camera market. By sales channel, it is categorized into original equipment manufacturers (OEMs) and the aftermarket. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the automotive backup camera market include Aptiv PLC, Continental AG, Delphi Technologies, Magna International, OmniVision Technologies, Pyle, Robert Bosch GmbH, Stonkam AG, Valeo, and Yada.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents analytical depiction of the global automotive backup camera market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Position
- Surface mounted
- Flush mounted
- License mounted
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Sales Channel Type
- Original Equipment Manufacturers (OEMs)
- Aftermarket
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Turkey
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Players
- Aptiv PLC
- Continental AG
- Delphi Technologies
- Magna International
- OmniVision Technologies
- Pyle
- Robert Bosch GmbH
- Stonkam AG
- Valeo
- Yada
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Automotive Backup Camera Market, By Position
Chapter 5: Automotive Backup Camera Market, By Vehicle Type
Chapter 6: Automotive Backup Camera Market, By Sales Channel
Chapter 7: Automotive Backup Camera Market, By Region
Chapter 8: Company Profiles
Executive Summary
According to the report titled 'Automotive Backup Camera Market by Position, Vehicle Type, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global automotive backup camera market size was valued at $1,956.4 million in 2018, and is projected to reach $3,860.0 million by 2026, registering a CAGR of 8.7% from 2019 to 2026.Asia-Pacific dominates the market in terms of growth, followed by LAMEA, Europe, and North America. China dominated the global automotive backup camera market share in 2018, whereas India is expected to grow at a significant rate in the automotive rear camera market during the forecast period.
Backup cameras installed in the vehicles are used to assist the driver during the reversal of the vehicle. They prevent collision that can occur due to no visibility of the rear side of the vehicle. Also, they are used to determine the blind spots that arise during the reversal of the vehicle. Backup cameras have a wider application in vehicles to prevent accidents occurring at the killing zone of the vehicle. As the backup cameras are attached to the head unit display of the vehicle, they give a horizontally flipped image of the rear object. Government regulations for the mandatory installation of backup camera in vehicles has supplemented the growth of the automotive backup camera market across the globe.
Backup cameras are widely installed in huge trailers that occupy a larger area on the road as it is difficult for the drivers to look at the rear side of the vehicle while reversing. With the introduction of advanced components in vehicles, the installation of backup camera in vehicles is mandatory and is gaining popularity among vehicles, which leads to the automotive backup camera market growth.
Current trend for the installation of backup camera in vehicles has increased due to its accident prevention feature, which has made it popular among vehicles. This has led the component manufacturers to develop better and advanced featured camera for vehicles, which eventually leads to the growth of the automotive backup camera share.
Factors such as a surge in number of fatalities leading to an increased adoption of backup camera and rise in demand for passenger vehicles coupled with safety and security concerns among consumers are driving the growth of automotive backup camera industry. However, high installation cost of the rear camera is expected to hamper the growth of the automotive backup camera market share. Further, rise in trend of installing advanced driving system and legislations mandating installation of cameras in vehicles are expected to create numerous opportunities for the expansion of the automotive backup camera market.
Key Finding of The Automotive Backup Camera Market:
Based on position, the surface mounted automotive backup camera system generated the highest revenue in 2018.
Based on vehicle type, the passenger vehicle segment was the highest revenue contributor in 2018.
Based on region, North America contributed the highest automotive backup camera market revenue in 2018, followed by Europe, Asia-Pacific and LAMEA.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
The key players analyzed in this report are Aptiv PLC, Continental AG, Delphi Technologies, Magna International, OmniVision Technologies, Pyle, Robert Bosch GmbH, Stonkam AG, Valeo, and Yada.
Companies Mentioned
- Aptiv PLC
- Continental AG
- Delphi Technologies
- Magna International
- OmniVision Technologies
- Pyle
- Robert Bosch GmbH
- Stonkam AG
- Valeo
- Yada
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
