UK Automotive Camera Market

Synopsis
The above chart is U.K. Automotive Camera Market Outlook (2018 to 2032)

Market Dynamics

the uk automotive camera market is witnessing the emergence of a new wave of innovative technology, as manufacturers strive to bring the latest solutions for safety and convenience in vehicles. this is largely driven by the growing efforts of the uk government to promote road safety, by demanding improvements in navigation, driver aid, visibility and collision avoidance systems. the market is currently being driven by the demand for camera-based driver assistance systems, such as lane departure warning (ldw) systems and blind spot detection systems. increasing investments from oems for camera-based safety solutions are supporting the growth of this segment. additionally, the adoption of adas (advanced driver assistance systems) in mid-price and high-end vehicles will further drive the market. additionally, monocular cameras are being increasingly adopted by tier-1 suppliers, and the growth in demand for these products will support the uk automotive camera market throughout the forecast period. as for the product type, the uk automotive camera market is dominated by the cmos (complementary metal–oxide–semiconductor) segment, which accounted for over 65% share in 2017. this segment is expected to hold a major share throughout the forecast period as well, due to the increasing preference for innovative products with higher resolution. in terms of technology, the vision system segment accounted for the highest revenue in 2017. an increasing number of players in the automotive electronics industry are offering products based on vision systems technologies to serve the unique needs of the demand-driven uk automotive market. in terms of application, the automotive camera market is witnessing a strong demand from the interior segment, and this will likely stay the same for the next few years. automotive rear-view cameras and side-view cameras, which are extensively used in interior applications, are key to boosting aesthetics and convenience. finally, the competitive landscape of the uk automotive camera market is highly dynamic and dynamic, as multinational companies battle to gain strategic positioning. international suppliers are leading the competition in terms of technological capabilities, and as such, they are expected to hold a considerable portion of the market share in the near future.