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The automotive camera market share in China is expected to increase by 2567.82 thousand units from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.02%.
This automotive camera market in China research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the automotive camera market in China segmentation by vehicle type (passenger vehicles and commercial vehicles) and application (viewing and sensing and viewing only).
Download the Free Report Sample to Unlock the Automotive Camera Market Size in China for the Forecast Period and Other Important Statistics
The automotive camera market in China report also offers information on several market vendors, including Aptiv Plc, BorgWarner Inc., Continental AG, DENSO Corp., Magna International Inc., Robert Bosch GmbH, Sony Group Corp., Valeo SA, Veoneer Inc., and WEMAER electronic technology Co. Ltd. among others.
The priority of automotive safety among customers is notably driving the automotive camera market growth in China, although factors such as high replacement costs associated with camera modules may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive camera industry in China. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Camera Market Driver in China
One of the key factors driving the automotive camera market growth in China is the priority of automotive safety among customers. Automobile safety is evolving as an important feature for customers, which is leading them to install advanced safety systems in their vehicles. Since the last decade, the automotive industry has been actively working on improving road safety by preventing accidents and reducing injuries. Most safety measures are focused on drivers, as human errors are the prime cause of accidents. Several technical measures, especially active safety systems, work effectively in preventing accidents by warning drivers to take precautions before the occurrence of accidents. Thus, continuous developments from automotive camera manufacturers to offer customized products are allowing customers to adopt automotive cameras in China, which will positively impact the market growth during the forecast period.
Key Automotive Camera Market Trend in China
Another key factor driving the automotive camera market growth in China is the increased use of wide-angle camera technology. The development of a camera system for the automotive market is rapidly gaining importance, primarily driven by the growing safety concerns for both passengers and vulnerable road users, such as pedestrians. The use of wide-angle lenses in automotive camera modules is gaining importance due to its wide field coverage and enhanced picture quality. OEMs are exploring safety solutions that detect the driver's blind spots on the road, which will increase the adoption of wide-angle cameras in the automotive industry. Such factors are expected to support the growth of the market in focus during the forecast period.
Key Automotive Camera Market Challenge in China
One of the key challenges to the automotive camera market growth in China is the high replacement costs associated with camera modules. High-end camera systems include several features, such as large screen monitors, GPS navigation, multiple cameras, better /image resolution, and night vision cameras. These may cost between USD 1,000 and USD 1,200. Major automakers, such as Honda, include rearview cameras in their basic Civic LX model, whereas Chevrolet and Ford have cameras on Colorado and Focus S models, respectively. Moreover, the aftermarket manufacturing cost of these rearview cameras is relatively low. The low cost of local aftermarket products acts as a major challenge for the growth of automotive cameras offered by major vendors and OEMs in China.
This automotive camera market in China analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive camera market in China encompasses successful business strategies deployed by the key vendors. The automotive camera market in China is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive camera market in China forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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The automotive camera market share growth in China by the passenger vehicles segment will be significant during the forecast period. Luxury automakers are focusing on increasing the safety level of passenger cars and are adopting advanced safety functions, such as camera-based side mirrors, which is expected to drive the growth of the segment in focus during the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive camera market size in China and actionable market insights on post COVID-19 impact on each segment.
Technavio categorizes the automotive camera market in China as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive camera market in China during the forecast period.
Our report provides extensive information on the value chain analysis for the automotive camera market in China, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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Automotive Camera Market Scope in China |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.02% |
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Market growth 2022-2026 |
2567.82 th units |
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Market structure |
Fragmented |
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YoY growth (%) |
4.82 |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Aptiv Plc, BorgWarner Inc., Continental AG, DENSO Corp., Magna International Inc., Robert Bosch GmbH, Sony Group Corp., Valeo SA, Veoneer Inc., and WEMAER electronic technology Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Vehicle type
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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