The Russia automotive camera size is anticipated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the government’s safety norms, growing vehicle production, and rising demand for safer vehicles by consumers. Advancement in the sensors of cameras and implementation of rigorous road safety laws by government is estimated to spur the market.
Automotive camera is a type of electronic equipment or device, which helps in assisting the visual aids of the person driving the vehicles. Automotive camera assists in execution of autonomous driving systems such as driver monitoring, park assist, and blind spot detection. The consumers are demanding for legislations mandating installation of cameras in vehicles and installing advanced driver assistance systems.
Covid-19 has impacted the Russia automotive camera market; it reduced the demand for vehicles along with the suspension of production and supply chain. Automotive cameras have the capability to interrelate with their surroundings as well as spotting any possible collisions threats and notify them to the driver.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing awareness of road safety among people is estimated to propel the market growth during the forecast period.
- Rapid growth of the automotive industry is major factor spurring the market expansion.
- High price of implementation of multi camera system is expected to restrict the market growth.
- Constraints in real time image processing in surround view systems act as main challenge that can impede the market expansion.
- R&D investment and technological advancement as well as innovation in automotive camera systems are projected to offer significant opportunities for the market players.
Scope of the Report
The report on the Russia automotive camera market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Russia Automotive Camera Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Sensing Camera and Viewing Camera), Applications (Parking and Advance Driver Assistance Systems [ADAS]), Vehicle Types (Commercial Vehicles and Passenger Cars)
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Country
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Russia
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Denso Corporation; Robert Bosch GmbH; Garmin Ltd.; Magna International Inc.; and Continental AG
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Market Segment Insights:
Sensing camera segment is projected to account for a large market share
Based on types, the Russia automotive camera market is divided into sensing camera and viewing camera. The sensing camera segment is expected to constitute a key share of the market during the forecast period owing to increasing adoption of sensing cameras in various vehicles, stringent government initiatives, and safety concern of the passengers. Sensing cameras automatically detect objects, classify them, and determine the distance between them and the vehicle.
Parking segment is projected to hold a key market share
On the basis of applications, the market is segmented into parking and advance driver assistance systems [ADAS]. The parking segment is expected to represent a key share of the market in the coming years due to increasing demand for safety solutions so that safety systems and driver can help together with different types of systems.
Increasing consumer awareness concerning the driving force help systems together with camera module and different sensors is projected to fuel the market. On the other hand, the advance driver assistance systems segment is anticipated to expand at a rapid pace during the forecast period owing to reduce chances of accidents and improves road safety for everyone.
Passenger cars segment is projected to constitute a major market share
In terms of vehicle types, the Russia automotive camera market is segregated into commercial vehicles and passenger cars. The passenger cars segment is expected to account for a key share of the market during the forecast period owing to rising adoption of ADAS features in the mid and economy. Increasing demand for more safer and comfortable vehicles along with growing demand for luxury vehicles is estimated to boost the market.
Segments
Segments Covered in the Report
The Russia automotive camera market has been segmented on the basis of
Types
- Sensing Camera
- Viewing Camera
Applications
- Parking
- Advance Driver Assistance Systems [ADAS]
Vehicle Types
- Commercial Vehicles
- Passenger Cars
Country
Key Players
- Denso Corporation
- Robert Bosch GmbH
- Garmin Ltd.
- Magna International Inc.
- Continental AG
Competitive Landscape
Key players competing in the Russia automotive camera market include Denso Corporation; Robert Bosch GmbH; Garmin Ltd.; Magna International Inc.; and Continental AG. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,
- In January 2018, Garmin Ltd. launched Garmin Speak Plus by adding built-in dash camera to its innovative Garmin Speak, with the help of Amazon Alexa.
- In February 2018, Garmin Ltd. acquired Trigentic AB, a privately held provider intelligent products, solutions and services in the area of embedded systems.
In September 2019, Denso Corporation announced its partnership with BlackBerry to launch its first integrated Human Machine Interface digital cockpit system with BlackBerry.
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