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Increase in Trend of Integrating Additional Safety Features is Anticipated to Boost the Growth of Multi camera system M

The passenger vehicle segment is estimated to have the largest market share of the multi camera system market due to the rising demand for ADAS features and growth of semi-autonomous and autonomous vehicles. The rising safety concerns have fueled the the growth of ADAS features, which is boosting the demand for semi-autonomous vehicles. Camera-based ADAS features help to meet the elevated safety standards, thereby governing the growth of passenger vehicles.

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Increase in Trend of Integrating Additional Safety Features is Anticipated to Boost the Growth of Multi camera system M

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  1. Increase in Trend of Integrating Additional Safety Features is anticipated to boost the Growth of Multi camera system Market The report "Multi Camera System Market for Automotive by Function (Parking, and ADAS), Display Type (2D, and 3D), Level of Autonomous Driving (Level1, Level 2 & 3, and Level 4), Vehicle Type (Passenger, and Commercial Vehicle), and Region - Global Forecast to 2025", The multi camera system market for automotive is estimated to be USD 700.7 Million in 2017 and is projected to reach a market size of USD 2,843.4 Million by 2025, growing at a CAGR of 19.13% during the forecast period. The market is driven by factors such as increased emphasis of insurance companies on safety features, the rise in trend of integrating additional safety features in vehicles, and growing demand for premium segment vehicles. Browse 83 Market Data Tables and 48 Figures spread through 170 Pages and in-depth TOC on "Multi Camera System Market for Automotive by Function (Parking, and ADAS), Display Type (2D, and 3D), Level of Autonomous Driving (Level1, Level 2 & 3, and Level 4), Vehicle Type (Passenger, and Commercial Vehicle), and Region - Global Forecast to 2025" https://www.marketsandmarkets.com/Market-Reports/automotive-multi-camera-system-market-48423657.html Early buyers will receive 10% customization on reports. The passenger vehicle segment is estimated to be the largest market in the multi camera system marketforautomotive during the forecast period The passenger vehicle segment is estimated to have the largest market share of the multi camera system market due to the rising demand for ADAS features and growth of semi-autonomous and autonomous vehicles. The rising safety concerns have fueled the the growth of ADAS features, which is boosting the demand for semi-autonomous vehicles. Camera-based ADAS features help to meet the elevated safety standards, thereby governing the growth of passenger vehicles. 3D display to be the fastest growing segment in multi camera system market for automotive, by display type The multi camera system is integrated with the infotainment panel or instrument cluster, which projects 2D as well as 3D view. The growing technological innovation has boosted the market for 3D display, which is projected to grow at the fastest rate during the forecast period. The growth of 3D display is also linked to the increase in demand for premium segment vehicles. The enhancement in comfort and user driving experience by the multi camera system is responsible for the growth of 3D display segment in the multi camera system market for automotive. Request for Customization Asia Pacific to be the fastest growing regional market for multi camera system market for automotive The Asia Pacific market is anticipated to be the fastest growing market for multi camera system during the forecast period. The market growth in the region can be attributed to the rapidly growing automotive sector in countries such as China, Japan, South Korea, and India. Moreover, the improving lifestyle of consumers and speedy urbanization have boosted the demand for passenger cars as well as commercial vehicles. These factors are expected to trigger the growth of the multi camera system market in the region.

  2. The key players in the multi camera system market include Bosch (Germany), Continental (Germany), Delphi (UK), Magna (Canada), Samvardhana Motherson Reflectec (Germany), Valeo (France), Clarion (Japan), Texas Instruments (US), NXP Semiconductors (Netherlands), OmniVision Technologies (US), Xilinx (US), and Ambarella (US). The 2D display type segment is estimated to hold the largest market share in 2017. However, the 3D multi camera system is estimated to be the fastest growing market during the forecast period and is anticipated to grow at a rapid pace due to technological advancements. In addition, the technology-driven companies are using the 3D multi camera system as a tool for developing autonomous and semi-autonomous vehicles. The parking segment is estimated to hold the largest market share of this market, by function type. However, the ADAS segment is estimated to be the fastest growing market owing to the growth of semi-autonomous and autonomous vehicles and advanced driver assistance functions based on the multi camera system. By the level of autonomous driving, the Level 2 & 3 segment is estimated to be the fastest growing segment of the multi camera system market during the forecast period. However, the level 1 segment is estimated to be the largest segment of the multi camera system market during the forecast period. The growth of this segment can be attributed to the demand for a multi camera system in commercial vehicles, mid-range, and premium cars. Speak to our analyst about Multi Camera System Market About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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