DUBLIN, Jan. 28, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/4c9k8q/north_america) has announced the addition of the "North America Automotive Camera Market - Growth, Trends and Forecasts (2015 - 2020)" report to their offering.
The North America Automotive Camera market is expected to grow at a CAGR of 26.32% during the forecast period
The countries from the North America region is expected to witness the highest share in the global automotive camera market by the end of 2020, followed by Europe. In terms of growth rate, the automotive camera market in this region would witness the highest growth rate followed by Asia-Pacific countries, during the forecast period. Increasing demand for luxury cars in US, Canada followed by the demand and increase in installation of safety and driver assistance systems in the light of the regulatory standards of CAFÉ, FMVSS and EPA would drive the automotive camera market in the region significantly.
Automotive camera market in North America region countries is driven primarily by the automotive market in the region. The U.S. is estimated to dominate the market, followed by Canada by the end of 2020. The automotive camera market in US, in terms of volume, is projected to grow at the highest CAGR during the forecast period, followed by Canada, and the country is popularly known to be an automotive hub for the international OEMs. The growing production volume of light commercial vehicles and the growing influence of New Car Assessment Program (NCAP) would drive the demand for automotive camera & camera modules in the North American region. In terms of growth as well, the North American LDW camera module market is projected to grow at the highest rate from 2015 to 2020.
Automotive Camera have evolved significantly to integrate with the other safety systems of the vehicles, and assist the driver in driving. For instance, the ZF TRW's lane departure warning system uses video camera technology, which are integrated with electrically powered steering to enable quick feedback for active lane keeping assistance. The video camera detects when the vehicle is drifting toward the lane markings and the electric steering provides the driver with guidance through the steering wheel to stay in the lane.
The automotive sensing 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 manufacturing advanced automotive camera technology like that of pedestrian detection, automatic high-beam control and speed limit sign recognition systems.
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
For more information visit http://www.researchandmarkets.com/research/4c9k8q/north_america
Media Contact:
Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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