NEW YORK, Feb. 3, 2016 /PRNewswire/ -- The Africa and Middle East Automotive Camera market is expected to grow at a CAGR of 17.46% during the forecast period. The increase in demand for luxury vehicles from the Middle East would be primarily responsible to drive the automotive camera market. The economic development in the region largely attributable to the rising demand of oil, low interest rates, increased private sector activity and government spending which would help to augment the demand of safety assisted luxury passenger vehicles significantly. Thereby, the market for automotive camera is expected to significantly grow during the forecast period, driven by the growth in the safety of passenger segment vehicles.
Automotive camera market in Africa and Middle East region countries is driven primarily by the increase in adoption of the safety system in the light vehicle market of Saudi Arabia, Africa, and UAE. The market in Africa and Middle East is characterised by the advent of significant accidents and casualties in car crashes. The severity of the vehicle crashes is also quite high leading to death in almost 80% of the accidents. In addition, Middle East governments have started adopting a multidimensional road safety strategy, to encompass all the aspects of the road safety value chain. More investments and interventions from Government are directed towards crash prevention. Thereby automotive night vision systems and other safety technologies are increasingly manufactured to provide an improved and all-round vision of the vehicle surrounding are provided.
Automotive Camera have evolved significantly to integrate with the safety systems of the vehicles, and assist the driver in driving for all kinds of vehicles. Clarion, one of the leading automotive camera manufacturers in the region, provides an overhead view monitor camera system for large commercial vehicles such as buses, trucks and construction machinery, contributing to driving safety for large vehicles. In addition, commercial vehicles are more varied than passenger cars in terms of size, shape and other factors, thereby they developed a core technology of the overhead view monitor system which is the calibration technology and utilizing the image processing technology once the camera has been installed.
The market has been segmented based on the vision technology type, by application type, and by vehicle type. The market for advanced driving assistance systems would lead the automotive camera market by application type in the region. The automotive drive camera are expected to specifically gain profit during the forecast period, in the automotive camera by vision technology. The automotive manufacturers aim to increase their revenue by strategically concentrating on selected market for tapping the accident prone areas in the region.
What The Report Offers
1) Market Definition along with identification of key drivers and restraints for the market.
2) Market analysis with country specific assessments and competition analysis in the Africa and Middle East automotive camera market.
3) Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on the regional scale and at the country level.
4) Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
5) Identification and analysis of the Macro and Micro factors that affect the industry on both regional scale and at the country level.
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