NEW YORK, July 26, 2022 /PRNewswire/ — The Automotive Camera Market in China is segmented by Vehicle Type (passenger vehicles and commercial vehicles) and Application (viewing and sensing and viewing only). The market share growth in the passenger vehicles segment will be significant during the forecast period. Luxury automakers are focusing on increasing the safety level of passenger cars and are adopting advanced safety functions, such as camera-based side mirrors, which is expected to drive the growth of the segment in focus during the coming years. Moreover, the automotive camera market value in China is set to grow by 2567.82 thousand units, progressing at a CAGR of 5.02% from 2021 to 2026, as per the latest report by Technavio.
Automotive Camera Market in China 2022-2026: Priority of Automotive Safety Among Customers to Boost the Growth
Automobile safety is evolving as an important feature for customers, which is leading them to install advanced safety systems in their vehicles. Since the last decade, the automotive industry has been actively working on improving road safety by preventing accidents and reducing injuries.
Most safety measures are focused on drivers, as human errors are the prime cause of accidents. Several technical measures, especially active safety systems, work effectively in preventing accidents by warning drivers to take precautions before the occurrence of accidents.
Thus, continuous developments from automotive camera manufacturers to offer customized products are allowing customers to adopt automotive cameras in China, which will positively impact the market growth during the forecast period.
Automotive Camera Market in China 2022-2026: High Replacement Costs Associated with Camera Modules to Challenge the Growth
High-end camera systems include several features, such as large screen monitors, GPS navigation, multiple cameras, better image resolution, and night vision cameras.
These may cost between USD 1,000 and USD 1,200. Major automakers, such as Honda, include rearview cameras in their basic Civic LX model, whereas Chevrolet and Ford have cameras on Colorado and Focus S models, respectively.
Moreover, the aftermarket manufacturing cost of these rearview cameras is relatively low. The low cost of local aftermarket products acts as a major challenge for the growth of automotive cameras offered by major vendors and OEMs in China.
For more insights on the latest drivers, trends, and challenges that will help companies evaluate and develop growth strategies. DOWNLOAD SAMPLE REPORT OF THIS MARKET
Automotive Camera Market in China 2022-2026: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our report covers the following areas:
Automotive Camera Market in China 2022-2026: Vendor Analysis
Aptiv Plc
BorgWarner Inc.
Continental AG
DENSO Corp.
Magna International Inc.
Robert Bosch GmbH
Sony Group Corp.
Valeo SA
Veoneer Inc.
WEMAER electronic technology Co. Ltd.
The automotive camera market in China is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
For detailed information on the production, sustainability, and prospects of the leading companies. REQUEST SAMPLE REPORT OF THIS MARKET
Automotive Camera Market in China 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist the automotive camera market growth in China during the next five years
Estimation of the automotive camera market size in China and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive camera market in China
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of the automotive camera market vendors in China
Related Reports:
Automotive Dashboard Camera Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2021-2025: The market value is set to grow by USD 3.89 billion, progressing at a CAGR of 27.48% from 2020 to 2025, as per the latest report by Technavio. Furthermore, this report extensively covers market segmentation by Application (Passenger Cars and Commercial Vehicles) and Geography (Europe, North America, APAC, South America, and MEA). FIND MORE RESEARCH INSIGHTS HERE
Automotive Camera Module Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2021-2025: The market value is set to grow by 29.52 million units, progressing at a CAGR of 5.88% from 2020 to 2025, as per the latest report by Technavio. The automotive camera module market report also offers information on several market vendors, including Autoliv Inc., Clarion Co. Ltd., Continental AG, and more. FIND MORE RESEARCH INSIGHTS HERE
|
Automotive Camera Market in China Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.02% |
|
Market growth 2022-2026 |
2567.82 thousand units |
|
Market structure |
Fragmented |
|
YoY growth (%) |
4.82 |
|
Regional analysis |
China |
|
Performing market contribution |
China at 100% |
|
Key consumer countries |
China |
|
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
|
Companies profiled |
Aptiv Plc, BorgWarner Inc., Continental AG, DENSO Corp., Magna International Inc., Robert Bosch GmbH, Sony Group Corp., Valeo SA, Veoneer Inc., and WEMAER electronic technology Co. Ltd. |
|
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period, |
|
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2021
Market outlook: Forecast for 2021 – 2026
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Application
Market segments
Comparison by Application
Viewing and sensing – Market size and forecast 2021-2026
Viewing only – Market size and forecast 2021-2026
Market opportunity by Application
Market Segmentation by Vehicle type
Market segments
Comparison by Vehicle type
Passenger vehicles – Market size and forecast 2021-2026
Commercial vehicles – Market size and forecast 2021-2026
Market opportunity by Vehicle type
Market drivers
Market challenges
Market trends
Vendor Landscape
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Aptiv Plc
BorgWarner Inc.
Continental AG
DENSO Corp.
Magna International Inc.
Robert Bosch GmbH
Sony Group Corp.
Valeo SA
Veoneer Inc.
WEMAER electronic technology Co. Ltd.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
