Multi Camera System Market for Automotive worth 2,843.4 Million USD by 2025 Key Strategy Adopted by Major Players, Growing Trends and Technology 2017- 2025

The multi camera system market is projected to grow at a CAGR of 19.13% during the forecast period, to reach USD 2,843.4 Million by 2025. The key growth drivers for the market are the rising trend of participating additional safety features in the vehicle and the growing demand for premium segment vehicles.

New product improvement is the key strategy adopted by major players to gain traction in the multi camera system market. In 2017, Continental (Germany) developed a surround view camera SVC210, which is capable of discovering blind spots and assists the driver while changing lanes. It also provides a 360-degree wide range of view. In 2016, Valeo (France) introduced a technology called XtraVue to improve the exterior visibility of the vehicle for the driver, thereby enhancing the safety. This system comprises a set of connected computer vision cameras, which are capable of projecting external views on the interior display.

The second most widely monitored strategy by market players is partnerships, supply contracts, collaborations, and joint ventures. In 2017, Delphi (UK) partnered with Mobileye (Israel), a key player in advanced driver assistance system (ADAS) applications such as multi camera system, to develop Centralized Sensing Localization and Planning (CSLP). This technology will use an array of sensors and highly sophisticated surround view cameras to assist the vehicle in autonomous driving. The multi camera system will also drive the growth of self-driving technology in the future.

The passenger vehicle segment is estimated to be the largest market in the multi camera system market for automotive throughout the forecast period

The passenger vehicle segment is estimated to have the largest market share of the multi camera system market due to the rising demand for ADAS features and growth of semi-autonomous and autonomous vehicles. The rising safety concerns have fueled the the growth of ADAS features, which is boosting the demand for semi-autonomous vehicles. Camera-based ADAS features help to meet the elevated safety standards, thereby governing the growth of passenger vehicles.

3D display to be the fastest developing sector in multi camera system market for automotive, by display type

The multi camera system is integrated with the infotainment panel or instrument cluster, which projects 2D as well as 3D view. The growing technological innovation has boosted the market for 3D display, which is projected to grow at the fastest rate during the forecast period. The growth of 3D display is also linked to the increase in demand for premium segment vehicles. The enhancement in comfort and user driving experience by the multi camera system is responsible for the growth of 3D display segment in the multi camera system market for automotive.

The key players in the multi camera system market include Bosch (Germany), Continental (Germany), Delphi (UK), Magna (Canada), Samvardhana Motherson Reflectec (Germany), Valeo (France), Clarion (Japan), Texas Instruments (US), NXP Semiconductors (Netherlands), OmniVision Technologies (US), Xilinx (US), and Ambarella (US).

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 multi camera system 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 multi camera system 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 multi camera system market for automotive

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