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(Transportation-News.com, January 28, 2016 ) The changing focus of manufacturers towards replacement of side view mirrors with cameras is another factor behind the growth of the global market. The demand for vehicle camera is also driven due to the various advantages offered by such cameras, especially when used in the case of accidents and theft evidence. Moreover, most automotive cameras are equipped with features, such as G-sensors, global positioning system (GPS), night video recording, and loop recording and high-quality day.
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Vehicle cameras are attached to the dashboard of windshield of different vehicles. These are real video recording devices designed to record real-time videos of the outsides and insides of the vehicles. Vehicle cameras are a part of the automotive safety plans and regulations, towards which most of the nations are focused for implementation. In terms of production and sales of automotive vehicles, the passenger car segment holds the largest market share.
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The inclination of insurance companies and government towards the installation of vehicle cameras is also driving the growth of the global vehicle camera market. This is due to the fact that video recordings from the cameras of vehicles help insurance companies to block false claims. The growing partnerships with vehicle manufacturers to develop vehicle camera with superior features, such as night vision is expected to boost the growth of the market for vehicle cameras in the near future.
Global Vehicle Camera Market Segmentation:
By Type
• Passenger cars
• Light Commercial vehicles (LCV)
• Heavy Commercial vehicle (HCV)
By End-use Application
• Transportation Vehicles
• Government and Defense Vehicles
• Private Vehicles
• Others (Fire Rescue, Healthcare and Sports Vehicles)
By Price
• Affordable (upto US$ 100)
• Mid-range (US$ 100 to US$ 200)
• High-end (above US$ 200)
By Technology
• Infrared
• Digital
• Thermal
By Geography
• North America
o U.S.
o Canada
o Rest of North America
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Europe
o U.K.
o Germany
o France
o Rest of Europe
• Asia-Pacific
o Australia
o Japan
o India
o China
o Rest of APAC
• Middle East & Africa
o Saudi Arabia
o Rest of MEA
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