With the burgeoning requirement for video surveillance for road safety purposes, the sales of vehicle cameras are predicted to surge sharply in the coming years. The increasing prevalence of road accident is pushing up the requirement for technologies and systems that can improve vehicle safety. According to the World Health Organization (WHO), around 1.3 million deaths are recorded every year because of road crashes. The organization also reported that road accidents are the leading cause of deaths for young adults aged between 5 and 29 years and children.
Additionally, the sales of vehicle cameras are also being driven by the rapid advancements being made in complementary metal oxide semiconductor (CMOS) image sensors that are incorporated in automotive cameras. Besides, the rising focus of automakers on replacing side view mirrors with cameras and the increasing focus of governments and insurance companies on the incorporation of cameras in automobiles are also fueling the demand for vehicle cameras across the world. Apart from reducing the chances of road accidents and ensuring vehicle safety, these cameras also protect the vehicle from theft, owing to its ability to carry out night video recording.
Continental AG, KYOCERA Corporation, Ficosa International S.A., Media Data Systems Pte Ltd., Autoliv Inc., Valeo Inc., Transcend Information Inc., Qrontech Co. Ltd., Delphi Automotive LLP, and Robert Bosch GmbH are some of the major players operating in the
vehicle camera market. These are basically real video recording devices that are built for recording real-time videos of the insides and outsides of the automobiles. With the soaring manufacturing of passenger cars, the integration of these cameras in passenger cars is set to rise sharply in the coming years, according to the estimates of the market research company, P&S Intelligence.
These cameras are also expected to be extensively used in light commercial vehicles in the coming years. In North America, the sales of these vehicles are shooting up, owing to the rising focus on the New Car Assessment Program in the region. Furthermore, the rapid advancements in several driver safety and assistance systems, such as blind spot detection systems (BSD) and lane departure warning systems (LDWS), are also propelling the demand for vehicle cameras across the world. The computer-powered blind spot detection systems use the digital camera imaging technology for sensing the presence of cars in blind zones, thereby reducing the chances of accidents.
Hence, the
demand for vehicle cameras is predicted to soar rapidly in the forthcoming years, mainly because of the growing requirement for greater vehicle safety and the increasing implementation of government policies aimed at improving road safety in several countries.
