#AUTOMOTIVE BLIND SPOT DETECTION SYSTEM TRENDS

[global-research-report]

The Future of Autonomous Vehicles: Key Trends in the Automotive Radar Market

The global automotive radar market size is expected to reach USD 31.45 billion in 2030 and is projected to grow at a CAGR of 29.3% from 2024 to 2030. The growing focus on active safety features, innovations in the radar technology, decreasing prices of components, and increasing sales of vehicles are the propelling factors for market growth. Radars play a vital role in detecting objects in various safety systems including adaptive cruise control, pedestrian detection system, blind spot detection, and automated emergency braking.

In order to achieve complete vehicle autonomy, it is essential for automakers to focus on the enhancement of the radar technology and subsequently on the reduction in the size of radar systems. One of the major hurdles hampering the growth of automotive radars is the lack of uniform frequency allocation across the globe. Moreover, the use of higher frequency band is likely to lead to higher resolution benefits and promote the use of a single technology for all applications, thereby reducing the risk of mutual interference. The European Commission has already initiated the 79 GHz project for vehicular radars, which has been the foundation for the future development of the automotive radar industry.

The market is characterized by the presence of prominent automotive electronics manufacturers including Continental AG, Robert Bosch GmbH, Infineon Technologies AG, and Texas Instruments, among others. Strong R&D capabilities have led to the development of application-oriented radars. Additionally, they have assisted radar manufacturers in complying with different frequency standards present in different countries.

According to the World Health Organization, globally 1.25 million people suffer from death due to road traffic crashes each year. Road accidents are likely to become the seventh leading cause of death by 2030 if appropriate measures to increase vehicle safety are not taken. Thus, the need to protect drivers and passengers from potential accidents would play an important role in determining the marke growth.

Automotive Radar Market Report Highlights

Medium & short range radar is the fastest growing segment in terms of range, owing to their growing use in numerous applications, such as blind spot detection, lane change assist, and park assist, among others.

In terms of vehicle types, the passenger car segment is projected to drive the market, owing to the rising radar-based safety systems in mid-priced passenger cars.

Increasing efforts from the National Highway Traffic Safety Administration (NHTSA), the Insurance Institute for Highway Safety, and prominent automakers operating in the U.S. for mandating the installation of AEBs in all cars by 2022 are likely to boost the automotive radar market.

The Europe automotive radar market dominated the market in 2023, which is attributed to the increased stringency in safety norms and NCAP rating.

The Asia Pacific region is projected to grow at the highest CAGR owing to the rapid adoption of radar-based safety features and increasing vehicle production.

Automotive Radar Market Segmentation

Grand View Research has segmented the global automotive radar market report based on range, frequency, engine, vehicle, application, and region:

Automotive Radar Range Outlook (Revenue, USD Billion, 2018 - 2030)

Long Range Radar

Medium & Short Range Radar

Automotive Radar Frequency Outlook (Revenue, USD Billion, 2018 - 2030)

2X-GHz

2X-GHz

Automotive Radar Engine Outlook (Revenue, USD Billion, 2018 - 2030)

ICE

Electric

Automotive Radar Vehicle Outlook (Revenue, USD Billion, 2018 - 2030)

Passenger Cars

Commercial Vehicles

Automotive Radar Application Outlook (Revenue, USD Billion, 2018 - 2030)

Adaptive Cruise Control (ACC)

Autonomous Emergency Braking (AEB)

Blind Spot Detection (BSD)

Forward Collision Warning System

Intelligent Park Assist

Other ADAS systems

Automotive Radar Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Asia Pacific

China

Japan

India

South Korea

Australia

Latin America

Brazil

Middle East and Africa (MEA)

UAE

South Arabia

South Africa

Order a free sample PDF of the Automotive Radar Market Intelligence Study, published by Grand View Research.

[credenceresearchdotblog]

The Proximity Sensors Market is projected to grow from USD 3,780 million in 2024 to approximately USD 6,612.2 million by 2032, with a CAGR of 7.24% over the forecast period. Proximity sensors, essential components in a wide range of industries, are witnessing significant growth due to their diverse applications in consumer electronics, automotive, healthcare, and industrial automation. These sensors detect the presence of objects without direct contact, using technologies such as infrared, ultrasonic, capacitive, and inductive sensing. The global proximity sensors market is expanding at a rapid pace, driven by advancements in technology, increasing demand for automation, and the proliferation of smart devices.

Browse the full report https://www.credenceresearch.com/report/proximity-sensors-market

Market Overview

The proximity sensors market is valued at billions of dollars and is projected to grow at a healthy compound annual growth rate (CAGR) over the next few years. The rise in industrial automation and the increasing adoption of proximity sensors in automotive safety systems, consumer electronics, and healthcare devices are significant factors contributing to this growth.

Proximity sensors are vital for applications such as object detection, collision avoidance, and motion detection. They are also critical in modern smartphones, enabling features like touchless controls and facial recognition. With industries moving toward smart and connected systems, proximity sensors are playing a pivotal role in enhancing efficiency and user experience.

Key Market Drivers

1. Industrial Automation The fourth industrial revolution (Industry 4.0) has fueled the demand for proximity sensors in automation and robotics. These sensors ensure precision and safety in manufacturing processes, making them indispensable in automated production lines.

2. Automotive Industry Growth Proximity sensors are integral to advanced driver-assistance systems (ADAS), enabling features such as parking assistance, collision avoidance, and blind-spot detection. With the growing focus on vehicle safety and autonomous driving, the automotive sector is a significant contributor to the market’s expansion.

3. Rising Consumer Electronics Market Proximity sensors are extensively used in smartphones, tablets, and wearable devices for functionalities like automatic screen lock, gesture recognition, and augmented reality (AR). The continuous evolution of consumer electronics is driving the demand for innovative and compact sensor solutions.

4. Healthcare Application In healthcare, proximity sensors are used in medical devices for patient monitoring, contactless temperature measurement, and equipment operation. The COVID-19 pandemic has further accelerated the adoption of touchless technologies, providing a boost to this market segment.

Emerging Trends

- Miniaturization and Integration The trend toward smaller, more efficient devices has led to the miniaturization of proximity sensors. This allows for their integration into compact electronics without compromising performance.

- Wireless and IoT Integration Proximity sensors with wireless connectivity are becoming popular, enabling seamless integration with IoT systems. These sensors play a crucial role in smart homes and smart cities, facilitating energy-efficient solutions and real-time monitoring.

- Increased Focus on Sustainability Eco-friendly sensor technologies, such as energy-efficient designs and recyclable materials, are gaining traction as sustainability becomes a priority for industries.

Challenges

While the proximity sensors market is flourishing, it faces certain challenges:

1. High Initial Costs The development and implementation of advanced proximity sensors can be expensive, which may deter small and medium-sized enterprises.

2. Technical Limitations Sensors may face performance issues in extreme environments, such as high temperatures or electromagnetic interference. Continuous innovation is required to overcome these limitations.

3. Intense Competition The market is highly competitive, with numerous players striving to develop cost-effective and technologically advanced solutions.

Future Outlook

The future of the proximity sensors market is promising, with continued advancements in sensor technologies and expanding applications. Innovations like 3D sensing and AI-enabled proximity sensors are expected to redefine the capabilities of these devices. As industries embrace automation and digital transformation, the demand for reliable and efficient proximity sensors will remain strong.

Key Player Analysis:

Omron Corporation

Honeywell International Inc.

Rockwell Automation, Inc.

Schneider Electric SE

Panasonic Corporation

Sick AG

Texas Instruments Inc.

IFM Electronic GmbH

STMicroelectronics N.V.

Broadcom Inc.

Segmentations:

By Technology

Inductive

Capacitive

Photoelectric

Magnetic

By End-user Industry

Aerospace & Defence

Automotive

Industrial

Consumer Electronics

Food & Beverage

Others

By Geography

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

Browse the full report https://www.credenceresearch.com/report/proximity-sensors-market

Contact:

Credence Research

Please contact us at +91 6232 49 3207

Email: sales@credenceresearch.com

Website: www.credenceresearch.com 

[researchrealmblog]

The Future of Automotive Cameras: Market Size, Trends, and Emerging Technologies

Market Overview

The value of the worldwide automotive camera market was USD 8,091.4 million in 2023. It is projected to reach USD 17,326.1 million by 2030, growing at a compound annual growth rate of 11.8% from 2024 to 2030.

Wide research and development in the automotive industry has spurred improvements, especially in advanced driver assistance systems, boosting worldwide demand for automotive cameras. Such cameras are essential to ADAS, advancing safety by offering HD visuals of the vehicle's surroundings.

They aid in detecting traffic elements, pedestrians, and vehicles, contributing to better road safety. Various camera types cater to functions like pedestrian and blind-spot detection, as well as parking assistance. These cameras also serve as self-diagnosis tools in adverse weather, fostering their integration into modern car models. OEMs are investing in research and alliances to integrate cameras into new models due to their numerous benefits.

The rising strictness of government guidelines is improving the acceptance of surround, rear, and other cameras in all vehicle kinds. For example, a few years back, the Indian government directed a backup camera or rearview detectors on all new cars, in order to decrease collision danger with walkers or any other hindrance.

Regional Outlook

Passenger cars grip a 65% revenue share in the vehicle type segment and are projected to advance significantly.

Front cameras in passenger cars provide progressive features like lane departure warning and forward collision warning.

Rear cameras help in backup support and obstacle avoidance, while top-down view cameras assist in parking and avoiding collisions.

Commercial vehicles will witness noteworthy development in the automotive camera industry because of the augmented need for safety features.

These cameras monitor cargo loading, driver attentiveness, and vehicle performance, enhancing overall safety.

Original equipment manufacturers (OEMs) are incorporating these components to improve vehicle performance and road safety, particularly important for commercial vehicles prone to severe accidents due to their size.

Automotive cameras are for both drivers and driving which includes the features like collision warnings and rearview cameras and not just the Level 0 vehicles.

Adaptive cruise control that allows the driver to control the car on the highway is a typical example of level 1 automation.

Cameras of level 4 and 5 automations are more versatile, having a larger selection—front, interior, rear, and surround—for higher automation up to full automation.

In 2023, the Asia-Pacific region had a substantial revenue share in the worldwide automotive camera industry, propelled by increasing vehicle production and need in China, Japan, India, and South Korea.

Factors like growing per-capita incomes, advancing technologies, urbanization, changing customer preferences, and infrastructure growth contribute to the region's fast acceptance of automotive cameras.

The growing middle-class populace and affordability of cars have directed to increased sales of cars with progressive features such as ADAS and camera sensors.

Connectivity choices, security systems, and pioneering designs are among the necessitated features in modern cars, enabled by dense telecom infrastructure enabling V2V, V2I, and V2G connectivity, vital for automotive cameras' optimal performance.

The automotive camera industry is extremely competitive, with important players like Bosch, Continental, Aptiv, and Valeo vying for industry share through technical improvements and strategic partnerships.

Source: P&S Intelligence

[insightsresearch]

Wire Harness Market: Future Trends

Future Trends in the Wire Harness Market   Analysis of Wire Harness Market Size by Research Nester Reveals the Market to Grow with a CAGR of 6.5% during 2024-2036 and Attain USD 169.7 billion by 2036. Research Nester assesses the growth and market size of global wire harness market which is anticipated to be on account of the growing shift towards the electrification of vehicles.   Research Nester’s recent market research analysis on “Wire Harness Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor’s analysis and a detailed overview of the global wire harness market in terms of market segmentation by component, material, propulsion, transmission, end-user, and by region. Increased Implementation of Advanced Technologies in Automobiles to Promote Global Market Share of Wire Harness The global wire harness market is estimated to grow majorly on account of the growing technological advancements in automobiles. The demand for driver-assist technologies like Adaptive Cruise Control (ACC), Blind-Spot Detection (BSD), Advanced Front Lighting (AFL), and Lane Keeping Assist (LKA) to incorporate advanced features into vehicles is being driven by the automotive industry's growing emphasis on safety and security. Additionally, to meet the consumer demand for advanced features, manufacturers are incorporating complex electrical and electronic components in modern vehicles due to the rise of electric and hybrid cars. According to the International Energy Agency, in 2023, there were approximately 14 million new electric cars registered worldwide, bringing the total number of electric vehicles on the road to 40 million. Furthermore, the need for increasingly intricate and flexible wiring solutions has been fueled by the growing integration of the Internet of Things (IoT) in automobiles, the requirement for customization, and adherence to strict rules. Some of the major growth factors and challenges that are associated with the growth of the global wire harness market are: Growth Drivers: ·       Surge in the incorporation of automation and robotics in manufacturing processes. ·       Increased use of high-voltage wiring harnesses and optical fiber cables. Challenges: The manufacturing of automotive wire harnesses entails a number of intricate steps, including wire cutting, stripping, crimping, and assembly. Finding a way to combine this intricacy with high production numbers and short lead times is a huge problem. Additionally, the deployment of additional technical features and safety systems into cars requires additional wiring, which results in the creation of larger and more costly harnesses. Therefore, these two major factors may prevent the automotive wiring harness market from growing. Access our detailed report at: https://www.researchnester.com/reports/wire-harness-market/6341 By propulsion, the global wire harness market is segmented into IC engine vehicle and electric vehicle. The electric vehicle segment is set to garner highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The transmission of electric power in a variety of industrial, residential, and commercial applications is mostly accomplished through wire harnessing. It is the collection of connected cables, wires, and transmitters that provide electric power to different uses. In many end-use industries, including electronics, automotive, aerospace and defense, manufacturing, and others, electric wire harnessing is a crucial component. It permits improved operations and productivity by controlling the devices' and systems overall electrical approach.  By region, the North America market is to generate the highest revenue by the end of 2036. The market is growing in the region due to the rapid shift towards urbanization. The automotive and aerospace industries are significant users of wire harnesses and are well-represented in the country.

[dh5ryxhgbctgr]

Surround View ADAS Camera Market Review and Forward-Looking Insights 2024 - 2032

The Surround View Advanced Driver Assistance Systems (ADAS) camera market has become a cornerstone of modern automotive technology. By providing a comprehensive view of a vehicle's surroundings, these systems enhance safety and convenience for drivers. This article explores the intricacies of the Surround View ADAS camera market, including its growth drivers, challenges, regional insights, and future outlook.

The Surround View ADAS camera market represents a dynamic and essential segment of the automotive industry, reflecting broader trends in vehicle safety and technological advancement.

Understanding Surround View ADAS Cameras

What are Surround View ADAS Cameras?

Surround View ADAS cameras consist of multiple cameras positioned around a vehicle, which work together to create a 360-degree view of the vehicle’s environment. This technology provides drivers with crucial information, helping them navigate tight spaces, avoid obstacles, and enhance overall situational awareness.

Importance in the Automotive Industry

Surround View cameras significantly improve vehicle safety by reducing blind spots and assisting with parking and low-speed maneuvers. As a result, they are increasingly integrated into both passenger cars and commercial vehicles, making them essential for modern automotive safety systems.

Market Trends

Growth Drivers

Rising Demand for Vehicle Safety Features Growing awareness of road safety among consumers and increased regulatory pressure are driving the demand for advanced safety features, including Surround View ADAS cameras. Automakers are keen to enhance their vehicles' safety profiles to meet consumer expectations and comply with regulations.

Technological Advancements Innovations in camera technology, image processing, and artificial intelligence are making Surround View systems more effective and user-friendly. High-resolution cameras and advanced algorithms enable clearer images and more accurate obstacle detection.

Growth of the Automotive Industry The overall growth of the automotive industry, particularly in emerging markets, is boosting the demand for advanced safety technologies. As more vehicles are produced, the integration of Surround View ADAS cameras is becoming increasingly common.

Challenges

High Implementation Costs The integration of Surround View ADAS cameras can be expensive, particularly for manufacturers aiming to include high-quality cameras and advanced processing units. This can result in higher vehicle prices, potentially limiting adoption in budget segments.

Complexity of Installation Properly installing and calibrating Surround View camera systems requires technical expertise and can be time-consuming. Manufacturers and service providers must ensure that systems are accurately set up to function effectively.

Competition from Alternative Technologies The Surround View camera market faces competition from other safety technologies, such as ultrasonic sensors and radar-based systems. These alternatives can sometimes offer similar safety benefits at a lower cost, impacting the demand for camera systems.

Regional Insights

North America

The North American market is a leader in the adoption of Surround View ADAS cameras, driven by stringent safety regulations and a strong consumer preference for advanced safety features. Major automotive manufacturers in the region are actively integrating these systems into their vehicles.

Europe

Europe is also a significant market for Surround View cameras, bolstered by regulatory frameworks that promote the use of advanced safety systems. The European Union has established guidelines that encourage manufacturers to equip vehicles with comprehensive safety technologies.

Asia-Pacific

The Asia-Pacific region is witnessing rapid growth in the Surround View ADAS camera market, fueled by increasing vehicle production and rising disposable incomes. Countries like China and India are at the forefront of adopting advanced safety features, contributing to market expansion.

Key Players in the Market

Bosch Bosch is a leading supplier of automotive technology, offering innovative Surround View ADAS camera systems that enhance vehicle safety and driver convenience.

Continental AG Continental is known for its comprehensive automotive solutions, including Surround View camera systems that improve situational awareness and safety for drivers.

Denso Corporation Denso focuses on developing advanced safety technologies, including Surround View cameras, positioning itself as a key competitor in the market.

Future Outlook

The Surround View ADAS camera market is poised for significant growth, influenced by several key trends:

Increased Integration with Other ADAS Technologies

The integration of Surround View cameras with other advanced safety features, such as automatic emergency braking and lane departure warnings, will create more comprehensive safety systems that enhance overall vehicle performance.

Advancements in Camera Technology

Ongoing research and development in camera technology, including improved image resolution and low-light performance, will enhance the effectiveness of Surround View systems. These advancements will likely boost consumer confidence and adoption rates.

Growing Electric and Autonomous Vehicle Markets

As electric and autonomous vehicles gain popularity, the demand for Surround View ADAS cameras will increase. These technologies are crucial for ensuring safety in complex driving environments, making them essential for the next generation of vehicles.

Conclusion

The Surround View ADAS camera market represents a dynamic and essential segment of the automotive industry, reflecting broader trends in vehicle safety and technological advancement. As consumer awareness of safety increases and regulatory frameworks become more stringent, the demand for Surround View systems is expected to rise. Stakeholders must remain vigilant and adapt to the evolving landscape to capitalize on emerging opportunities. With a strong focus on safety, convenience, and technology, the future of Surround View ADAS cameras looks promising, contributing to safer driving experiences and enhanced vehicle performance.

[automotivetransportationresearch]

Automotive RADAR Market Analysis Exploring Emerging Technologies

The automotive radar market analysis suggests a noteworthy growth trajectory propelled by the rising need for driverless vehicles and advanced driver assistance systems (ADAS). Radar technology is being used by automakers to improve functions like collision avoidance, adaptive cruise control, and blind-spot identification in response to growing concerns about car safety. The development of radar technology has seen significant investments as a result of this trend, which is driven by customer demands for safety and regulatory regulations. Radar system use is predicted to increase as cars become more automated and networked, which will enhance vehicle performance and safety.

Given this, a thorough examination of the automotive radar market highlights significant trends influencing the sector, such as the move to higher frequency radar systems that provide better resolution and range. The market is also distinguished by the introduction of new competitors and partnerships between technology and automotive firms, which spur innovation. The competitive environment is changing, and leading companies are concentrating on creating small and affordable radar systems. Because of this, the automotive radar market is expected to grow at a healthy rate, with a predicted rise in market share as more automakers use these systems in order to comply with legal and consumer demands.

The global automotive radar market is projected to grow from USD 6.6 billion in 2024 to USD 33.6 billion by 2030, registering a CAGR of 31.1%.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11272971

Opportunity: 4D imaging radar

4D imaging radar is an attractive opportunity, as it can offer better safety to the vehicle by providing precise information on range, velocity, elevation, and others. This can be attributed to its ability to capture 4D data points per frame. The use of dense and high-resolution point clouds will significantly affect the development of object classification, detection, and tracking based on radar data. 4D imaging radar does not have any performance limitations based on the weather and light conditions. This is not properly addressed by normal radar, which has led to LiDAR technology occupying the market. Object detection and classification will play a crucial role in offering safety to vehicles. The application of 4D imaging radar is expected to offer better performance for the detection and classification of objects, and this is likely to create opportunities in the automotive radar market.

Europe is the largest market for automotive radar during the forecast period.

The European automotive radar market is growing due to the region's stringent safety regulations and a strong emphasis on vehicle safety standards. The European Union (EU) has implemented rigorous safety mandates that require new vehicles to be equipped with advanced driver assistance systems (ADAS), which heavily rely on radar technology. For instance, the General Safety Regulation, which came into effect in 2022, mandates the inclusion of features such as automatic emergency braking, lane keeping assistance, and advanced emergency braking systems in all new cars. These regulations are designed to reduce traffic accidents and enhance road safety, significantly driving the demand for automotive radar systems. Germany is projected to be the largest European market due to the high demand for high-end premium cars equipped with ADAS features and technologies such as adaptive cruise control, adaptive braking system, blind spot detection, forward collision system, and lane departure warning, which all depends heavily on radar system for efficient functioning. In February 2024, Audi announced that it would update its Q2 SUV model with a new infotainment system and safety features, including ADAS. The vehicle is set to launch in the mid of 2024. Thus, rising government regulation towards safety and launching new vehicles will drive the market in Europe during the forecast period.

Key Market Players:

The automotive radar market is dominated by established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Aptiv (Ireland), Denso Corporation (Japan), and NXP Semiconductors (Netherlands).

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[businessindustry]

Advanced Driver Assistance Systems (ADAS) Market Size | Analysis, Trends 2024 - 2032

The Reports and Insights, a leading market research company, has recently releases report titled “Advanced Driver Assistance Systems (ADAS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031.” The study provides a detailed analysis of the industry, including the global Advanced Driver Assistance Systems (ADAS) Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Advanced Driver Assistance Systems (ADAS) Market?

The advanced driver assistance system (ADAS) market was US$ 28.1 Billion in 2022. Furthermore, the advanced driver assistance system (ADAS) market to register a CAGR of 17.1% which is expected to result in a market forecast value for 2031 of US$ 116.3 Billion.

What are Advanced Driver Assistance Systems (ADAS)?                                                                                                                                                                            

Advanced Driver Assistance Systems (ADAS) are electronic systems embedded in vehicles to improve safety and convenience by aiding drivers in various tasks. Using technologies like sensors, cameras, radar, and lidar, ADAS offer real-time data for features such as adaptive cruise control, lane departure warnings, automatic emergency braking, and parking assistance. These systems aim to minimize human error, prevent accidents, and enhance the overall driving experience by providing alerts, automation, and control support. As a crucial element in the evolution of autonomous vehicles, ADAS significantly advance road safety and driving efficiency.

Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/2068

What are the growth prospects and trends in the Advanced Driver Assistance Systems (ADAS) industry?

The advanced driver assistance systems (ADAS) market growth is driven by various factors and trends. The advanced driver assistance systems (ADAS) market is rapidly expanding due to the increasing demand for enhanced vehicle safety and automation. This market includes various technologies such as adaptive cruise control, lane departure warnings, automatic emergency braking, and parking assistance, all designed to improve driving safety and convenience. Key growth drivers are heightened consumer awareness of safety features, stringent government road safety regulations, and advancements in sensor and camera technologies. The movement towards autonomous vehicles also boosts the ADAS market, as these systems are vital for self-driving technology. Consequently, the ADAS market is crucial in the automotive industry’s progress towards safer and more efficient driving experiences. Hence, all these factors contribute to advanced driver assistance systems (ADAS) market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type:

Parking Assist System

Adaptive Front-lighting

Night Vision System

Blind Spot Detection

Advanced Automatic Emergency Braking System

Collision Warning

Driver Drowsiness Alert

Traffic Sign Recognition

Lane Departure Warning

Adaptive Cruise Control

By Technology:

Radar

Lidar

Camera

By Vehicle Type:

Passenger Cars

Commercial Vehicles

By Applications:

Transportation and Logistics

Agriculture

Construction

Mining

Public Transportation

Security

By Region 

North America 

United States 

Canada

Europe 

Germany 

United Kingdom 

France 

Italy 

Spain 

Russia 

Poland 

Benelux 

Nordic 

Rest of Europe 

Asia Pacific

China 

Japan 

India 

South Korea 

ASEAN 

Australia & New Zealand 

Rest of Asia Pacific 

Latin America 

Brazil 

Mexico 

Argentina

Middle East & Africa 

Saudi Arabia 

South Africa 

United Arab Emirates 

Israel 

Rest of MEA 

Who are the key players operating in the industry?

The report covers the major market players including:

Renesas Electronics Corporation

NXP Semiconductors

Panasonic Holdings Corporation

Valeo SA

Denso Corporation

Robert Bosch GmbH

Continental AG

Texas Instruments Incorporated

Magna International Inc.

AUTOLIV INC.

Infineon Technologies AG 

View Full Report: https://www.reportsandinsights.com/report/Advanced Driver Assistance Systems (ADAS)-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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[priyanshisingh]

Smart Mirrors Market Landscape: Trends, Drivers, and Forecast (2023-2032)

The global demand for Smart Mirrors was valued at USD 2,815.20 Million in 2023 and is expected to reach USD 12,018.49 Million in 2032, growing at a CAGR of 17.50% between 2024 and 2032.

The Smart Mirrors Market is experiencing substantial growth due to the increasing demand for innovative and connected home technologies. Smart mirrors, which integrate advanced features such as touchscreens, voice control, internet connectivity, and built-in sensors, are being widely adopted in residential, commercial, and automotive sectors. In homes, these mirrors offer functionalities like weather updates, news, fitness tracking, and personal assistance, enhancing daily routines and user convenience. The automotive industry is also a significant driver, utilizing smart mirrors for rearview and sideview applications that enhance safety and provide advanced features like blind-spot detection and navigation assistance. The commercial sector, including retail and hospitality, leverages smart mirrors for interactive displays and personalized customer experiences. Technological advancements, increasing disposable income, and the growing trend of smart homes are key factors propelling the market. Additionally, the emphasis on energy-efficient and aesthetically pleasing designs further boosts the adoption of smart mirrors. With ongoing innovations and the integration of AI and IoT, the smart mirrors market is poised for continued expansion and diversification.

Smart mirrors function by integrating various advanced technologies into a traditional mirror, transforming it into a multifunctional device. Here's a detailed look at how smart mirrors work:

1. Display Technology

Reflective Surface: The primary component is a two-way mirror that allows for both reflection and transparency, enabling users to see their reflection while also viewing digital content.

Embedded Display: Behind the two-way mirror, there is an embedded LCD, LED, or OLED screen that displays information and visuals. When the screen is off, the mirror looks like a standard mirror, but when on, it shows digital content through the reflective surface.

2. Sensors and Cameras

Motion Sensors: These detect the presence of a user, activating the smart mirror when someone approaches and deactivating it when they leave, conserving energy.

Touch Sensors: In touch-enabled smart mirrors, sensors detect touch inputs, allowing users to interact with the mirror directly, similar to a touchscreen device.

Cameras: Integrated cameras can be used for facial recognition, allowing personalized content delivery, as well as for applications like virtual makeup try-ons.

3. Connectivity

Wi-Fi and Bluetooth: Smart mirrors connect to the internet via Wi-Fi, enabling access to online content, updates, and synchronization with other smart devices. Bluetooth is used for connecting to smartphones and other peripherals.

IoT Integration: Smart mirrors can integrate with other IoT devices in a smart home ecosystem, such as smart lights, thermostats, and voice assistants, allowing for centralized control and automation.

4. Software and Operating System

User Interface: A custom user interface (UI) is designed to display information like weather, news, calendar events, fitness stats, and more. The UI is often customizable to suit user preferences.

Voice Control: Many smart mirrors come with built-in microphones and speakers, enabling voice control through virtual assistants like Amazon Alexa, Google Assistant, or Apple Siri.

Apps and Widgets: The operating system supports various apps and widgets, providing functionalities such as music playback, video streaming, fitness tracking, and more.

5. Additional Features

Smart Lighting: Integrated LED lights can provide adjustable lighting, useful for makeup application and grooming, ensuring optimal visibility.

Augmented Reality (AR): Some smart mirrors incorporate AR technology, enabling virtual try-ons for clothes and accessories or providing interactive fitness coaching.

Health Monitoring: Advanced smart mirrors can integrate with health monitoring devices to display real-time health data such as heart rate, weight, and body composition.

Key Players

ELECTRIC MIRROR, INC.

Séura

Hidden Television

Majestic Mirror & Frame

AVIS Electronics company

FOSHAN ETERNA INTELLIGENT BATHROOM CO., LTD.

Reflectel

LumiDesign

Evervue USA Inc.

Videotree

More About Report- https://www.credenceresearch.com/report/smart-mirrors-market

The Smart Mirrors Market is highly competitive, with numerous companies vying for market share through innovation, strategic partnerships, and diverse product offerings. Here's a competitive analysis of the smart mirrors market:

Competitive Strategies

Innovation and R&D

Advanced Features: Companies are investing in research and development to introduce advanced features such as augmented reality (AR), artificial intelligence (AI), and enhanced connectivity.

User Interface: Focus on developing intuitive and user-friendly interfaces to improve user experience.

Strategic Partnerships and Collaborations

Tech Partnerships: Collaborating with tech giants and smart home companies to integrate voice assistants, IoT devices, and other smart technologies.

Industry Collaborations: Working with automotive manufacturers, hospitality groups, and residential developers to embed smart mirrors into new projects.

Customization and Personalization

Tailored Solutions: Offering customizable smart mirrors to meet specific needs of different sectors, such as automotive, hospitality, retail, and residential.

User Preferences: Allowing consumers to personalize their smart mirrors with features, designs, and functionalities that suit their preferences.

Geographic Expansion

Emerging Markets: Expanding presence in emerging markets where smart home and automotive technologies are rapidly growing.

Global Reach: Establishing distribution networks and sales channels in key regions to increase market penetration.

Marketing and Brand Positioning

Brand Awareness: Investing in marketing campaigns to increase brand visibility and awareness among potential customers.

Luxury Segment: Positioning products in the luxury segment to attract high-end consumers looking for premium smart home solutions.

Market Challenges

High Costs

Production Costs: The high cost of production and advanced technologies can make smart mirrors expensive for some consumers.

Affordability: Balancing advanced features with affordability to cater to a broader market.

Technological Integration

Compatibility Issues: Ensuring seamless integration with existing smart home systems and IoT devices can be challenging.

Security Concerns: Addressing potential security and privacy issues associated with connected devices.

Market Awareness

Consumer Education: Educating consumers about the benefits and functionalities of smart mirrors to drive adoption.

Awareness in Emerging Markets: Increasing awareness and acceptance in emerging markets where the concept of smart homes is still developing.

Segmentation

By Technology Type

Hardware

Displays

Sensors (Proximity, Gesture, Touch)

Connectivity Components

Cameras

Others

Software

Gesture Recognition Software

Augmented Reality (AR) Software

Connectivity Software

Others

By Component

Display Components

LCD (Liquid Crystal Display)

OLED (Organic Light-Emitting Diode)

Others

Sensor Components

Proximity Sensors

Gesture Sensors

Touch Sensors

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[arrowautomotive]

The Future of Automotive Components: Exploring Latest Trends and Innovations

The automotive industry has been one of the most rapidly growing industries in recent years. With the continuous advancements in technology, we have seen a significant evolution in the manufacturing and design of vehicles. However, behind every vehicle is a complex network of components that work together to ensure its optimal functioning. Automotive component manufacturers play an essential role in this process, as they are responsible for producing the parts and systems that make up a vehicle. These manufacturers are crucial for the automotive industry, as they supply components to original equipment manufacturers (OEMs), who then assemble them into the final product.

In this article, we will explore the latest trends and innovations in the world of automotive component manufacturing.

The Growing Demand for Advanced Driver Assistance Systems (ADAS)

As technology continues to advance, there has been a growing demand for advanced driver assistance systems (ADAS) in vehicles. These systems use various sensors and cameras to assist drivers in maneuvering their vehicles safely. They can also provide features such as adaptive cruise control, lane departure warning, and blind spot detection. This demand for ADAS has impacted automotive component manufacturers, who are now required to produce more advanced and complex components. These include optical sensors, radar systems, and electronic control units (ECUs). As a result, we are seeing an increase in partnerships and collaborations between automotive component manufacturers and technology companies to meet this demand.

Lightweight Materials for Improved Efficiency

Another trend in the automotive industry is the use of lightweight materials in vehicle design. This is driven by the need for improved fuel efficiency and reduced emissions. As a result, automotive component manufacturers are now working on producing parts made from lightweight materials such as aluminum, carbon fiber, and composites. These lightweight materials also offer other benefits such as increased strength and durability. However, their production can be more expensive than traditional materials like steel. This presents a challenge for automotive original equipment manufacturers (OEMs) who need to balance cost and performance when selecting components for their vehicles.

Electric Vehicles and the Shift Towards Sustainable Manufacturing

As the world becomes more environmentally conscious, there has been a significant shift towards electric vehicles. This has had a direct impact on automotive component manufacturers, as they now need to produce parts specifically designed for electric vehicles. This shift also brings about a need for sustainable manufacturing processes. Companies are now investing in renewable energy sources and implementing green production practices to reduce their carbon footprint. This presents an opportunity for automotive component manufacturers to differentiate themselves by positioning as environmentally friendly suppliers.

The Role of Technology in Automotive Manufacturing

Technology has played a crucial role in the advancement of the automotive industry, and this is evident in the manufacturing process. Advanced technologies such as 3D printing, robotics, and artificial intelligence are being used by automotive component manufacturers to improve production efficiency and quality. One example of this is the use of 3D printing in creating lighter and more complex parts that were previously impossible to produce with traditional methods. This not only reduces weight but also allows for better customization and optimization of parts for specific vehicles.

Collaboration between OEMs and Component Manufacturers

The relationship between automotive original equipment manufacturers (OEMs) and component manufacturers is a critical aspect of the industry. OEMs rely on component manufacturers to provide high-quality, reliable parts for their vehicles. In recent years, there has been an increase in collaboration between OEMs and component manufacturers, with the aim of improving overall vehicle performance and reducing costs. This partnership has also led to the development of new technologies and processes that benefit both parties.

The Future of Automotive Component Manufacturing

As the automotive industry continues to evolve, so does the role of component manufacturers. With the rise of electric vehicles, there will be a greater demand for components such as batteries, electric motors, and charging systems. This presents an opportunity for component manufacturers to innovate and develop new solutions. Furthermore, as the industry moves towards autonomous vehicles, there will be a need for advanced sensors and communication systems, creating another market for component manufacturers to explore. With the integration of technology in vehicles, there will also be a greater need for cybersecurity measures, providing yet another avenue for component manufacturers.

Conclusion

The role of automotive component manufacturers in shaping the future of the automotive industry cannot be overstated. As OEMs strive to meet the demands of a market increasingly shifting towards electric and autonomous vehicles, they will continue to rely on component manufacturers for innovative, high-quality parts. These collaborations between automotive component manufacturers and automotive original equipment manufacturers are crucial for the development of new technologies and solutions in the industry. As such, the future of automotive component manufacturing promises exciting opportunities for innovation and growth. Amidst these advancements, the industry must not lose sight of the importance of robust cybersecurity measures, which will become ever more critical as technology continues to integrate with our vehicles.

[priyablog26]

Automotive Miniweb Radar Market to Massive Growth | Renishaw, Varian, Accuray

Automotive Miniweb Radar Market to Massive Growth | Renishaw, Varian, Accuray

Global Automotive Miniweb Radar Market , Automotive Miniweb Radar Market Demand, Automotive Miniweb Radar Market Trends, Automotive Miniweb Radar Market Analysis, Automotive Miniweb Radar Market Growth, Automotive Miniweb Radar Market Share, Automotive Miniweb Radar Market Forecast, Automotive Miniweb Radar Market Challenges, Automotive Miniweb Radar Market Opportunity

At Intellect Markets, published a new research publication on “Automotive Miniweb Radar Market Insights, to 2030” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting Market associated stakeholders. The growth of the Automotive Miniweb Radar Market was mainly driven by the increasing R&D spending across the world.

Get Free Exclusive PDF Sample Copy of This Research @ https://intellectmarkets.com/report/automotive-miniweb-radar-market/request-sample Some of the key players profiled in the study are: MAKO Surgical Corp, Renishaw Plc., Varian, Accuray, Intuitive Surgical Inc, Health robotics S.R.L.. Scope of the Report of Automotive Miniweb Radar Market : The Automotive Miniweb Radar market represents a vital segment within the automotive industry, driven by the increasing demand for advanced driver assistance features and the ongoing development of autonomous vehicles. Miniaturized radar systems play a crucial role in enhancing vehicle safety, improving driver convenience, and paving the way for the future of autonomous mobility.

Market Drivers: The growing incidence of medication error is driving the growth of the Market

Have Any Questions Regarding Global Automotive Miniweb Radar Market Report, Ask Our Experts@ https://intellectmarkets.com/report/automotive-miniweb-radar-market/enquire

The titled segments and sub-section of the market are illuminated below: By Range(Long Range RADAR (LRR), Short & Medium Range RADAR (S&MRR) ); Frequency (2X-GHz, 7X-GHz); Application (Autonomous Emergency Braking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System, Adaptive Cruise Control (ACC), Intelligent Park Assist, Other ADAS Applications)

Global Automotive Miniweb Radar Market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

Region Included are: Global, North America, Europe, Asia Pacific, South America, Middle East & Africa Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Finally, Automotive Miniweb Radar Market is a valuable source of guidance for individuals and companies. Read Detailed Index of full Research Study at @ https://intellectmarkets.com/report/automotive-miniweb-radar-market

Thanks for reading this article; you can also get region wise report version like Global, North America, Middle East, Africa, Europe, South America, etc

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[jayanthitbrc]

Rear-View Mirror Market Growth Trajectory Through 2024-2033

The Rear-View Mirror by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Rear-View Mirror Market: https://www.thebusinessresearchcompany.com/report/rear-view-mirror-global-market-report

According to The Business Research Company’s Rear-View Mirror, The rear-view mirror market size has grown strongly in recent years. It will grow from $8.85 billion in 2023 to $9.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to early automotive safety concerns, increased traffic density, regulatory requirements for mirrors, advancements in mirror materials, evolution of automotive design.

The rear-view mirror market size is expected to see strong growth in the next few years. It will grow to $12 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to expansion of the automotive market in emerging economies, continued focus on vehicle safety, enhanced connectivity features, adoption of smart rear-view mirrors, integration with autonomous vehicle technologies. Major trends in the forecast period include digital rear-view mirrors, augmented reality (ar) mirrors, reduction in blind spots through technology, compact and streamlined mirror designs, integration with vehicle-to-everything (v2x) communication systems.

The increase in the number of vehicles is expected to propel the growth of the rear-view mirror market. Vehicles refer to transportation machines with an engine, such as automobiles, trucks, and buses, for transporting a person or goods. Rear view mirrors are used to ensure safety for the vehicle and passengers. As a result, increasing demand for vehicles also increases the demand for rear-view mirrors. For instance, according to the European Automobile Manufacturers' Association, a Belgium-based automobile industry body, in 2022, global motor vehicle production reached 85.4 million units, reflecting a 5.7% growth compared to the previous year, 2021. Further, according to the National Automobile Dealers Association, a US-based non-profit organization, the production of light vehicles in North America was projected to reach 14.2 million units in 2022. This production is expected to increase to 15.4 million units in 2023, driven by gradual improvements in the supply chain. Therefore, the increase in the number of vehicles is driving the rear-view mirror market.

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The rear-view mirror market covered in this report is segmented –

1) By Product Type: Smart Rear-View Mirror, Conventional Rear-View Mirror 2) By Mounting Location: Door Mounted, Body Mounted 3) By Mirror Type: Exterior Mirror, Interior Mirror 4) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV) 5) By Feature: Auto dimming, Blind spot detection, Power Control, Automatic Foldable, Heated, Other Features

Technological advancements have emerged as a key trend gaining popularity in the rear-view mirror market. Major companies operating in the rear-view mirror market are focused on developing new technologies to meet consumer demand and reinforce their position. For instance, in in April 2022, Seeing Machines Ltd, an Australian provides driver monitoring technologies, collaborated with Magna, a Canadian automobile mirror provider, on a rear-view mirror that incorporates its Driver Monitoring System (DMS) technology. The two companies produced a demonstrator model that combines a camera, electronics and interior mirror technology, using Seeing Machines enhanced FOVIO eDME (embedded Driver Monitoring Engine) algorithms and software.

The rear-view mirror market report table of contents includes:

Executive Summary

Market Characteristics

Market Trends And Strategies

Impact Of COVID-19

Market Size And Growth

Segmentation

Regional And Country Analysis . . .

Competitive Landscape And Company Profiles

Key Mergers And Acquisitions

Future Outlook and Potential Analysis

Contact Us: The Business Research Company Europe: +44 207 1930 708 Asia: +91 88972 63534 Americas: +1 315 623 0293 Email: info@tbrc.info

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[marketresearch99]

Redefining Mobility: Automotive Sensors' Impact on 2023's Driving Experience

In the fast-paced evolution of the automotive industry, sensors play an increasingly pivotal role in reshaping vehicles' intelligence, safety, and overall performance. As we delve into 2023, the Automotive Sensors Market continues to surge forward, propelling an era of smarter, more connected, and safer vehicles.

Unveiling the Current Landscape

The year 2023 witnesses a profound transformation in the Automotive Sensors Market, characterized by a surge in demand for advanced sensor technologies. These sensors, deployed within vehicles, enable an array of functionalities, ranging from safety and driver assistance systems to autonomous driving capabilities.

Technological Advancements Redefining Automotive Sensors

In 2023, technological advancements propel automotive sensors to new heights. Radar, LiDAR, ultrasonic, and camera-based sensors, coupled with artificial intelligence and machine learning algorithms, enable vehicles to perceive their surroundings with unprecedented accuracy.

These sensors contribute to crucial safety features like collision avoidance, blind-spot detection, lane departure warning, and adaptive cruise control, fostering a safer driving experience.

Shaping the Future of Mobility

The integration of sensors in vehicles doesn't merely enhance safety; it also underpins the progression toward autonomous driving. In 2023, vehicles equipped with advanced sensors are moving closer to achieving higher levels of autonomy, offering features like self-parking and semi-autonomous driving on highways.

Moreover, sensors facilitate vehicle-to-everything (V2X) communication, enabling vehicles to interact with each other and with infrastructure, optimizing traffic flow and further enhancing safety measures.

Sustainable and Efficient Driving

In the pursuit of sustainable mobility, automotive sensors are instrumental. They contribute to enhancing fuel efficiency by optimizing engine performance and aiding in the development of electric and hybrid vehicles. Additionally, sensors that monitor emissions facilitate compliance with stringent environmental regulations.

Future Outlook and Evolving Trends

The Automotive Sensors Market in 2023 is poised for remarkable growth and innovation. The ongoing developments in sensor technologies, including the miniaturization of sensors, increased integration capabilities, and advancements in sensor fusion techniques, will continue to redefine the automotive landscape.

Furthermore, the convergence of sensors with emerging technologies like 5G connectivity and edge computing holds immense potential for revolutionizing in-car experiences, enabling more personalized and immersive automotive interactions.

For More Info@ https://www.gmiresearch.com/report/automotive-sensors-market/

Conclusion

In conclusion, the Automotive Sensors Market in 2023 represents an era of unprecedented advancements and possibilities. As vehicles become more intelligent, connected, and autonomous, sensors serve as the cornerstone of this transformation. The seamless integration of sensor technologies not only enhances safety and efficiency but also propels the automotive industry towards a future of sustainable, intelligent, and safer mobility. With continual innovation and collaborative efforts across the automotive ecosystem, automotive sensors will continue to drive the evolution of vehicles, promising a revolutionized driving experience for consumers globally.

[harshitasoni]

Driving Safely into the Future: Automotive Camera Market Dynamics Unveiled

Embrace a visionary perspective on automotive safety, dissecting market trends in applications like lane departure warning and blind spot detection. Analyze the technological landscape shaped by infrared, thermal, and digital cameras across passenger, light commercial, and heavy commercial vehicles. Forecast regional shifts, offering insights into the widespread integration of automotive camera systems market.

[automotivetransportationresearch]

Automotive Camera Market Size, Share, Trends & Forecast Report, 2030

The automotive camera market worldwide size was valued at USD 8.0 billion in 2023 and is expected to reach USD 13.9 billion by 2028, at a CAGR of 11.7% during the forecast period. The cameras are used as advanced safety devices for enhancing the visibility of the surrounding environment to improve vehicle safety. The growing demand for Advanced Driver Assist Systems (ADAS) in developed and developing nations is attributed to using automotive cameras in various applications such as park assist, cross-traffic alert, pedestrian detection systems, etc. According to MarketsandMarkets analysis, >85% of these cameras are equipped in passenger cars, and the segment is expected to dominate the global market during the review period.

Automotive Camera Market Growth Dynamics

DRIVER: Growing popularity for the safety and convenient driving experience

The demand for safer and more convenient driving experiences is on the high rise; hence the automotive industry is witnessing a rapid evolution of safety features, which is anticipated to increase further in the coming years.

Nominal features such as seatbelts, cruise control, and antilock brakes were standard earlier. Following these features such as blind spot detection, forward collision warning, lane departure warning, and electronic stability control emerged. Over the last decade, advanced features such as ADAS, lane-keeping assist, self-park, rear-view video systems, automatic emergency braking, and adaptive cruise control emerged. Many of these features are optionally available, whereas some have been mandated by the regulating bodies worldwide. OEMs quickly adapted to this change and incorporated all the elements in their vehicles. Toyota (Japan) and Honda (Japan) have launched vehicles with features – blind spot detection, rear cross traffic, lane keep assist, forward collision warning, and automatic emergency braking as standard features. These features need multiple cameras for functions such as front, rear, and surround views. The cameras are also used in semi-autonomous and autonomous vehicles for more advanced functions such as pedestrian and road sign detection. Cadillac (US), Tesla (US), Nissan (Japan), and Audi (Germany) are currently developing L3 driving systems for their upcoming models. The increasing demand for sophisticated cruise control and driving comfort features has also fueled the safety systems market.

The cameras have been built in compliance with the NCAP regulations and offer benefits over other sensor technologies like radar, LiDAR, or ultrasonic. An intelligent camera can identify markings on the road, traffic signs, traffic lights, etc., and recognize objects and provide data that facilitates their identification as vehicles or pedestrians. It can also detect their motion path and calculate their distances. This makes the smart camera a better and safer option, offering good visibility and features like automated emergency braking that provides the information necessary for automatic car steering.

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OPPORTUNITY: Rise in demand for electric vehicles

In the North American region, the sales of electric vehicles have increased steadily despite the slowdown in the automotive sector. Among the automotive manufacturers, Tesla dominates the North American Electric Vehicle market, followed by BMW, Nissan, Volkswagen, and Hyundai have also launched Electric vehicles in this market.

China is the largest market for electric vehicles, and European countries are one of the major export destinations. Major automakers rely on battery manufacturers based in China. Countries across North America, Europe, and many Asian countries have adopted measures to reduce emissions during the coming decades and replace their vehicle fleet for lower emissions by varying numbers by 2050. This is expected to lead to significantly high demand for electric vehicles. Newly launched electric vehicles offer basic ADAS functions to ensure passenger safety. For instance, Tesla offers its autopilot as a standard feature in all its models, which comes with eight surround-view cameras that provide 360 degrees of visibility around the car. It is estimated that entirely autonomous vehicles would be fully electric and give the requisite impetus to electric vehicles, ADAS functions, and camera-based systems.

The passenger car dominates the automotive camera market demand

The increased demand for safety systems in emerging markets can be attributed to improving road safety standards, supporting legislation, and consumer awareness. Additionally, several countries in Europe, North America, and Asia Pacific have introduced regulations that mandate incorporating various types of ADAS in the passenger car segment. The standard of living is also improving in several countries, which results in increased demand for luxury vehicles. ADAS and park assist are installed widely in luxury vehicles as a standard package than in mid and lower-segment cars, which are offered as optional or unavailable in specific variants. Hence, provide opportunities for the growth of the automotive camera market in passenger car

The passenger car segment is the largest vehicle segment in the global market, with rising adoption of active safety systems leveraging camera-based ADAS applications in mid prices range cars. Governments in developed and developing nations plan to mandate the ADAS system in passenger cars owing to improving road safety standards, supporting legislation, and consumer awareness. For instance, the EU has extended the scope of mandating the ADAS system as AEB, Intelligent speed assistance (ISA), Reversing Detection System (REV), and LDW systems in vehicles. It is also the largest market for ADAS owing to the growing demand for safer and more comfortable vehicles. Further, rising country-level GDP, growing disposable income, and improving living standards in major developing countries such as China, India, Thailand, and Brazil. This resulted in a growing demand for luxury vehicles, which usually have standard features of ADAs applications and parking assist applications starting from lower trim onwards. Increasing adoption of ADAS features in the mid and economy segment passenger cars is likely to boost the growth of this segment. All these factors provide immense opportunities for the market in passenger cars.

Battery Electric Vehicle (BEV) is the largest segment for automotive cameras.

Battery Electric Vehicles hold the largest market for automotive cameras during the forecast period. The rising inclination towards pure electric vehicles is evident from the rise in EV sales globally. OEMs have planned to launch their existing ICE models with electric propulsion. These models will be offered with these advanced & premium features to make them a better buying option for the end users than conventional vehicles. Leading automakers such as Nissan, Tesla, BMW, Mercedes-Benz, and Audi increasingly focus on green vehicles. These vehicles have driving comfort features, such as adaptive cruise control, auto park, lane departure warning systems, 360-degree parking cameras, and sensors to eliminate possible blind spots. Asian countries like China, India, Japan, and South Korea are increasingly offering some camera-based safety features in BEVs to attract more consumers. This would further boost the BEV automotive camera market over the forecast period.

Key Market Players

The automotive camera market is consolidated. Continental AG (Germany), Robert Bosch (Germany), Valeo (France), Aptiv (Ireland), and Denso (Japan) are the key companies that are dominating the market. The market comprises several global market players that make it highly competitive. These players have adopted various strategies to expand their presence globally and increase their respective market share.

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