Multi Camera System Market for Automotive by Function (Parking, and ADAS), Display Type (2D, and 3D), Level of Autonomous Driving (Level1, Level 2 & 3, and Level 4), Vehicle Type (Passenger, and Commercial Vehicle), and Region - Global Forecast to 2025
The multi camera system market for automotive is estimated to be $700.7 Million in 2017 and is projected to reach $2,843.4 Million by 2025, at a CAGR of 19.13% during the forecast period. The base year for the study is 2017 and the forecast period is 2018–2025.
The multi camera system market for automotiveis primarily driven by the increased emphasis of insurance companies on safety features, the rise in trend of integrating additional safety features to enhance the vehicle safety performance, and increased demand for premium segment vehicles. However, the high cost of the multi camera system is inhibiting the growth of this market.
Objectives of the Report
- To define, describe, and project the multi camera system market for automotive (2017–2025), in terms of volume (‘000 units) and value (USD million/billion)
- To provide detailed information regarding the major factors such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of this market
- To analyze and forecast the market for automotive and estimate the market size, by volume and value, based on multi camera system function, multi camera system display type, level of autonomous driving, and region
- To forecast the market size, by volume and value, of the market for automotive with respect to four regions, namely, Asia Pacific, Europe, North America, and the Rest of the World (RoW)
- To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and expansions in the market for automotive
The research methodology used in the report involves primary and secondary sources and follows bottom-up and top-down approaches for the purpose of data triangulation. The study involves country-level OEM and model-wise analysis of automotive multi camera system. This analysis involves historical trends as well as existing penetrations by country as well as vehicle type. The analysis is projected based on various factors such as growth trends in vehicle production and regulations or mandates on the implementation of automotive electronics, which drive the multi camera system market for automotive. The analysis has been discussed with and validated by primary respondents, including experts from the market for automotive, automotive experts, manufacturers, and suppliers. Secondary sources include associations such as International Organization of Motor Vehicle Manufacturers (OICA), American Association of Motor Vehicle Administrators (AAMVA), Automotive Component Manufacturers Association of India (ACMA), and paid databases and directories such as Factiva and Bloomberg.
The figure below illustrates the break-up of the profile of industry experts who participated in the primary discussions.
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The ecosystem of the automotive multi camera system market for automotive consists of multi camera system manufacturers such as Bosch (Germany), Continental (Germany), Delphi (UK), Valeo (France), and Clarion (Japan). The multi camera systems are supplied to automotive OEMs such as BMW (Germany), Daimler (Germany), and Volkswagen (Germany).
Target Audience
- Multi camera system for automotive manufacturers and component suppliers
- Automotive AR system manufacturers and component suppliers
- Automotive display panel manufacturers
- Automotive OEMs
- Industry associations and other driver assistance systems manufacturers
- The automobile industry and related end-user industries
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Market for Automotive, By Function
Market for Automotive, By Display Type
Market for Automotive, By Level of Autonomous Driving
Market for Automotive, By Region
Market for Automotive, By Vehicle TypePassenger Vehicles
-
- Parking
- ADAS
- 2D
- 3D
- Level 1
- Level 2 & 3
- Level 4
- Asia Pacific (China, Japan, India, South Korea, and Rest of Asia Pacific)
- Europe (France, Germany, Italy, Spain, the UK, and Rest of Europe)
- North America (Canada, Mexico, and the US)
- Rest of the World (Brazil, Russia, and South Africa)
- Commercial Vehicles
Available Customizations
- Country-level analysis of market for automotive, by display type
-
Company Information
- Detailed analysis and profiling of additional market players (up to 3)
The multi camera system market for automotive is estimated to be USD 700.7 Million in 2017 and is projected to reach USD 2,843.4 Million by 2025, at a CAGR of 19.13% from 2018 to 2025. The key growth drivers for the market are the increased emphasis of insurance companies on safety features, faster generation of real-time and reliable data from advanced driver assistance systems (ADAS), and the growth of autonomous and semi-autonomous vehicles.
The 2D display type segment is estimated to hold the largest market share in 2017. However, the 3D multi camera system is estimated to be the fastest growing market during the forecast period and is anticipated to grow at a rapid pace due to technological advancements. In addition, the technology-driven companies are using the 3D multi camera system as a tool for developing autonomous and semi-autonomous vehicles.
The parking segment is estimated to hold the largest market share of this market, by function type. However, the ADAS segment is estimated to be the fastest growing market owing to the growth of semi-autonomous and autonomous vehicles and advanced driver assistance functions based on the multi camera system.
By the level of autonomous driving, the Level 2 & 3 segment is estimated to be the fastest growing segment of the multi camera system market for automotive during the forecast period. However, the level 1 segment is estimated to be the largest segment of the market during the forecast period. The growth of this segment can be attributed to the demand for a multi camera system in commercial vehicles, mid-range, and premium cars.
The passenger vehicle segment is estimated to hold the largest share of the multi camera system market for automotive. A key growth driver for the market for passenger cars is the rising consumer awareness of road and vehicle safety. The commercial vehicle segment is expected to adopt the multi camera system at a significant rate from 2019. The adoption of advanced technologies continues to be slow in commercial vehicles due to the impact of technology on the overall cost of the vehicle. However, increasing mandates, regulations, increasing road fatality rates, accidents while parking, and consumer awareness of safety system are driving the adoption of advanced safety functions in a wide range of commercial vehicles.
The North American region is estimated to be the largest market for multi camera system during the forecast period. Increased production levels of automobiles, higher adoption of advanced technologies in automotive electronics, and rapid growth of semi-autonomous and autonomous vehicles are expected to boost the demand for the automotive multi camera system market for automotivein this region. The Asia Pacific market is estimated to be the fastest growing market during the forecast period.
A key factor restraining the growth of the multi camera system market for automotive is the high cost of developing the system and its related technologies. However, the cost of the multi camera system is likely to decrease in the coming years because of large-scale production and increasing number of suppliers. While cost is not a matter of concern for the premium segment vehicles, it can substantially affect the economic and mid-segment vehicles. The market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Bosch (Germany), Continental (Germany), Delphi (UK), Magna (Canada), and Valeo (France).
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Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.2 Secondary Data
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Data Triangulation
2.5 Factor Analysis
2.5.1 Introduction
2.5.2 Demand-Side Analysis
2.5.2.1 Increasing Traffic Congestions Due to Rising Urbanization Around the Globe
2.5.2.2 Infrastructure Roadways
2.5.3 Supply-Side Analysis
2.5.3.1 Oems Focus on Safety, Convenience, and Comfort Systems in Vehicle
2.5.3.2 Technological Advancements in Vehicle Safety and Security
2.6 Market Size Estimation
2.7 Assumptions
3 Executive Summary (Page No. - 31)
4 Premium Insights (Page No. - 37)
4.1 Attractive Opportunities in this Market
4.2 Multi Camera System Market for Automotive, By Region
4.3 Market, By Display
4.4 Market, By Level of Autonomous Driving
4.5 Market, By Region
5 Market Overview (Page No. - 41)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Emphasis of Insurance Companies on Safety Features
5.2.1.2 Rise in Trend of Integrating Additional Safety Features in the Vehicles
5.2.1.3 Increase in the Demand for Premium Segment Vehicles
5.2.2 Restraints
5.2.2.1 High Cost of Multi Camera System
5.2.3 Opportunities
5.2.3.1 Growing Trend of Autonomous and Semi-Autonomous Vehicles
5.2.3.2 High Growth Potential in Emerging Markets
5.2.3.3 Legislation Mandating Installation of Advanced Driver Assist Technology
5.2.4 Challenges
5.2.4.1 Constraints in Real-Time Implementation
5.3 Macro Indicator Analysis
5.3.1 Introduction
5.3.1.1 Premium Segment Luxury Passenger Cars and Commercial Vehicles Sales
5.3.1.2 GDP (USD Billion)
5.3.1.3 GNP Per Capita, Atlas Method (USD)
5.3.1.4 GDP Per Capita Ppp (USD)
5.3.2 Macro Indicators Influencing the Multi Camera System Market for Top 3 Countries
5.3.2.1 US
5.3.2.2 Germany
5.3.2.3 Spain
6 Technological Overview (Page No. - 55)
6.1 Introduction
6.2 Multi Camera System Market for Automotive
6.2.1 Basic Function of Multi Camera System
6.2.1.1 Geometric Alignment
6.2.1.2 Photometric Alignment
6.2.1.3 Surround View Synthesis
6.2.1.4 3D View Generation
6.2.2 Process Flow of Multi Camera System
6.2.3 Superiority of Camera Over Other Automotive Sensors
7 Multi Camera System Market for Automotive, By Function (Page No. - 59)
7.1 Introduction
7.2 Parking: Market for Automotive, By Region
7.3 Adas: Market for Automotive, By Region
8 Multi Camera System Market for Automotive, By Display (Page No. - 63)
8.1 Introduction
8.2 2 Dimensional: Market for Automotive, By Region
8.3 3 Dimensional: Market, By Region
9 Multi Camera System Market for Automotive, By Level of Autonomous Driving (Page No. - 68)
9.1 Introduction
9.2 Level 1: Market for Automotive, By Region
9.3 Level 2 & 3: Market, By Region
9.4 Level 4: Market, By Region
10 Multi Camera System Market for Automotive, By Vehicle Type
10.1 Introduction
10.2 Passenger Car
10.3 Commercial Vehicle
11 Multi Camera System Market for Automotive, By Region and Vehicle Type (Page No. - 75)
11.1 Introduction
11.2 Asia Pacific
11.2.1 China: Multi Camera System Market for Automotive
11.2.2 India: Market for Automotive
11.2.3 Japan: Market for Automotive
11.2.4 South Korea: Market for Automotive
11.2.5 Rest of Asia Pacific: Market for Automotive
11.3 Europe
11.3.1 France: Multi Camera System Market for Automotive
11.3.2 Germany: Market for Automotive
11.3.3 Italy: Market for Automotive
11.3.4 UK: Market for Automotive
11.3.5 Spain: Multi Camera System for Automotive
11.3.6 The Rest of Europe: Market for Automotive
11.4 North America
11.4.1 Canada: Multi Camera System Market for Automotive
11.4.2 Mexico: Market for Automotive
11.4.3 US: Market for Automotive
11.5 Rest of the World (RoW)
11.5.1 Brazil: Market for Automotive
11.5.2 Russia: Market for Automotive
11.5.3 South Africa: Multi Camera System Market for Automotive
12 Competitive Landscape (Page No. - 108)
12.1 Market Ranking Analysis
12.2 Competitive Situation & Trends
12.2.1 New Product Developments
12.2.2 Mergers & Acquisitions
12.2.3 Partnerships/Supply Contracts/Collaborations/Joint Ventures, 2012-2017
12.2.4 Expansions, 2013–2017
13 Company Profiles (Page No. - 114)
(Business Overview, Services Offered, Strength of Service Portfolio, Business Strategy Excellence, Recent Developments)*
13.1 Robert Bosch
13.2 Continental AG
13.3 Delphi
13.4 Denso
13.5 Magna
13.6 Samvardhana
13.7 Valeo
13.8 Clarion
13.9 Texas
13.10 NXP Semiconductors
13.11 Ambarella
13.12 Xilinx
13.13 Omnivision
*Details on Business Overview, Services Offered, Strength of Service Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 163)
14.1 Key Insights By Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.4 Available Customizations
14.4.1 Country-Level Analysis of Multi Camera System Market for Automotive, By Display Type
14.4.2 Company Information
14.4.2.1 Profiling of Additional Market Players (Up to 3)
14.5 Related Reports
14.6 Author Details
List of Tables (83 Tables)
Table 1 Currency Exchange Rates (Per 1 USD)
Table 2 Automotive Application Features Related to Safety, Comfort, & Assistance
Table 3 Rise in Automotive Adas Applications, (Million Units)
Table 4 Luxury Vehicle Sales of Key Manufacturers, India, 2013–2015
Table 5 Luxury Vehicle Sales of Key Manufacturers, China, 2013–2015
Table 6 Autonomous Driving Attempts Among Vehicle Manufacturers
Table 7 Regulations for Driver Assistance Systems
Table 8 Superiority of Camera Over Other Automotive Sensors
Table 9 Multi Camera System Market for Automotive, By Function Type, 2017–2025 (‘000 Units)
Table 10 Market for Parking Function, By Region, 2017–2025 (‘000 Units)
Table 11 Market for Adas Function, By Region, 2017–2025 (‘000 Units)
Table 12 Market, By Display Type, 2017–2025 (‘000 Units)
Table 13 Market, By Display Type, 2017–2025 (USD Million)
Table 14 Market for 2D, By Region, 2017–2025 (‘000 Units)
Table 15 Market for 2D, By Region, 2017–2025 (USD Million)
Table 16 Multi Camera System Market for 3D, By Region, 2017–2025 (‘000 Units)
Table 17 Market for 3D, By Region, 2017–2025 (USD Million)
Table 18 Market, By Level of Autonomous Driving, 2017–2025 (’000 Units)
Table 19 Market, By Level of Autonomous Driving, 2017–2025 (USD Million)
Table 20 Market for Level 1, By Region, 2017–2025 (’000 Units)
Table 21 Market for Level 1, By Region, 2017–2025 (USD Million)
Table 22 Market for Level 2 & 3, By Region, 2017–2025 (’000 Units)
Table 23 Market for Level 2 & 3, By Region, 2017–2025 (USD Million)
Table 24 Market for Level 4, By Region, 2017–2025 (’000 Units)
Table 25 Market for Level 4, By Region, 2017–2025 (USD Million)
Table 26 Multi Camera System Market for Automotive, By Region, 2017–2025 (’000 Units)
Table 27 Market, By Region, 2017–2025 (USD Million)
Table 28 Market, By Vehicle Type, 2017–2025 (’000 Units)
Table 29 Market, By Vehicle Type, 2017–2025 (USD Million)
Table 30 Asia Pacific: Multi Camera System Market for Automotive, By Country, 2017–2025 (’000 Units)
Table 31 Asia Pacific: Market, By Country, 2017–2025 (USD Million)
Table 32 Asia Pacific: Market, By Vehicle Type, 2017–2025 (’000 Units)
Table 33 Asia Pacific: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 34 China: Market, By Vehicle Type, 2017–2025 (’000 Units)
Table 35 China: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 36 India: Market, By Vehicle Type, 2017–2025 (’000 Units)
Table 37 India: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 38 Japan: Market, By Vehicle Type, 2017–2025 (’000 Units)
Table 39 Japan: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 40 South Korea: Market, By Vehicle Type, 2017–2025 (’000 Units)
Table 41 South Korea: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 42 Rest of Asia Pacific: Market, By Vehicle Type, 2017–2025 (’000 Units)
Table 43 Rest of Asia Pacific: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 44 Europe: Multi Camera System Market for Automotive , By Country, 2017–2025 (’000 Units)
Table 45 Europe: Market, By Country, 2017–2025 (USD Million)
Table 46 Europe: Market, By Vehicle Type, 2017–2025 (’000 Units)
Table 47 Europe: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 48 France: Market, By Vehicle Type, 2017–2025 (’000 Units)
Table 49 France: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 50 Germany: Market, By Vehicle Type, 2017–2025 (’000 Units)
Table 51 Germany: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 52 Italy: Market, By Vehicle Type, 2017–2025 (’000 Units)
Table 53 Italy: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 54 UK: Market, By Vehicle Type, 2017–2025 (’000 Units)
Table 55 UK: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 56 Spain: Market, By Vehicle Type, 2017-2025 (’000 Units)
Table 57 Spain: Market, By Vehicle Type, 2017-2025 (USD Million)
Table 58 Rest of Europe: Market, By Vehicle Type, 2017–2025 (’000 Units)
Table 59 Rest of Europe: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 60 North America: Multi Camera System Market for Automotive, By Country, 2017–2025 (’000 Units)
Table 61 North America: Market, By Country, 2017–2025 (USD Million)
Table 62 North America: Market, By Vehicle Type, 2017–2025 (’000 Units)
Table 63 North America: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 64 Canada: Market for Automotive, By Vehicle Type, 2017–2025 (’000 Units)
Table 65 Canada: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 66 Mexico: Market for Automotive, By Vehicle Type, 2017–2025 (’000 Units)
Table 67 Mexico: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 68 US: Market for Automotive, By Vehicle Type, 2017–2025 (’000 Units)
Table 69 US: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 70 Rest of the World (RoW): Multi Camera System Market for Automotive, By Country, 2017–2025 (’000 Units)
Table 71 Rest of the World (RoW): Market, By Country, 2017–2025 (USD Million)
Table 72 Rest of the World (RoW): Market, By Vehicle Type, 2017–2025 (’000 Units)
Table 73 Rest of the World (RoW): Market, By Vehicle Type, 2017–2025 (USD Million)
Table 74 Brazil: Multi Camera System Market for Automotive, By Vehicle Type, 2017–2025 (’000 Units)
Table 75 Brazil: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 76 Russia: Market for Automotive, By Vehicle Type, 2017–2025 (’000 Units)
Table 77 Russia: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 78 South Africa: Market for Automotive, By Vehicle Type, 2017–2025 (’000 Units)
Table 79 South Africa: Market, By Vehicle Type, 2017–2025 (USD Million)
Table 80 New Product Development, 2012–2017
Table 81 Mergers & Acquisitions, 2015–2017
Table 82 Partnerships/Supply Contracts/Collaborations/Joint Ventures, 2012–2017
Table 83 Expansions, 2013–2017
List of Figures (48 Figures)
Figure 1 Multi Camera System Market for Automotive: Segmentations Covered
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Average Traffic Congestion, 2015
Figure 6 Urban Population, 2005 vs 2015
Figure 7 Market for Automotive: Bottom-Up Approach
Figure 8 Market for Automotive: Top-Down Approach
Figure 9 Market for Automotive, By Region, 2020 vs 2025 (USD Million)
Figure 10 Market for Automotive, By Vehicle Type, 2020 vs 2025
Figure 11 Market, By Display Type, 2020 vs 2025
Figure 12 Market, By Function, 2020 vs 2025
Figure 13 Multi Camera System Market for Automotive, By Level of Autonomous Driving, 2020 vs 2025
Figure 14 Increase in Trend of Integrating Additional Safety Features is Anticipated to Boost the Growth of this Market From 2020 to 2025
Figure 15 North America is Estimated to Hold the Largest Market Share in 2020 for the Market
Figure 16 2D Type Display is Expected to Have the Largest Market Size, 2020 vs 2025
Figure 17 Level 1 Vehicle Segment of Market is Expected to Have the Largest Market Size, 2020 vs 2025
Figure 18 North America is Expected to Hold the Largest Market Share, 2020 vs 2025
Figure 19 Market for Automotive Dynamics
Figure 20 Road Traffic Death Rates, Per 1,00,000 Population, 2015
Figure 21 Processes Involved in Real-Time Implementation
Figure 22 US: Rising Gni Per Capita Expected to Drive the Sales of Luxury Vehicles During the Forecast Period
Figure 23 Germany: Rising GDP is Likely to Be the Most Crucial Factor That is Likely to Have High Impact
Figure 24 Spain: Gross National Income is Expected to Play A Crucial Role in Boosting the Automotive Market
Figure 25 Technological Evolution of Multi Camera System for Automotive
Figure 26 Multi Camera System Market for Automotive, By Function, 2020 vs 2025 (‘000 Units)
Figure 27 Market, By Display Type, 2020 vs 2025 (‘000 Units)
Figure 28 Market, By Level of Autonomous Driving, 2020 vs 2025 (‘000 Units)
Figure 29 Market for Automotive, By Region, 2020 vs 2025 (USD Million)
Figure 30 Market, By Vehicle Type
Figure 31 Asia Pacific: Market for Automotive Snapshot
Figure 32 Europe: Market for Automotive, By Country, 2020 vs 2025 (USD Million)
Figure 33 North America: Market for Automotive Snapshot
Figure 34 Rest of the World (RoW): Market for Automotive Snapshot
Figure 35 Multi Camera System Market for Automotive Ranking: 2017
Figure 36 Robert Bosch: Company Snapshot
Figure 37 Continental AG: Company Snapshot
Figure 38 Delphi: Company Snapshot
Figure 39 Denso: Company Snapshot
Figure 40 Magna: Company Snapshot
Figure 41 Samvardhana: Company Snapshot
Figure 42 Valeo: Company Snapshot
Figure 43 Clarion: Company Snapshot
Figure 44 Texas: Company Snapshot
Figure 45 NXP Semiconductors: Company Snapshot
Figure 46 Ambarella, Inc.: Company Snapshot
Figure 47 Xilinx: Company Snapshot
Figure 48 Omnivision: Company Snapshot
Growth opportunities and latent adjacency in Multi Camera System Market