As we can see from the emergence of 3D displays, coding techniques, and camera setups, three-dimensional (3D) video and image technologies are an emerging trend in the development of digital video systems. Typically, a group of synchronised cameras that are recording the same image from several angles can provide three-dimensional multi-view video. Applications like free viewpoint video and 3D-TV are made notably possible by this method. Free-viewpoint video programmes offer the option to choose and render a virtual viewpoint of the scene in real time.
Vehicle Multi-View Camera System (MVCS) market is presently worth USD 7,866.6 million and is poised to amplify at a CAGR of 110.6% over 2022-2030, thereby amassing a valuation of USD 4.6 billion by end of the assessment timeline.
In 2020, the COVID-19 epidemic had a significant impact on the market for Vehicle Multi-View Camera Systems (MVCS), which is being constrained by application ventures' slow adoption of the available control and collaboration mechanisms. The widespread spread of the Covid has resulted in supply chain disruptions, lockdowns across the country, limited work in a few current regions, and temporary end-accumulation activities.
Factors including increased passenger car and commercial vehicle production, a focus on enhancing fuel efficiency through lightweight technologies, and an increase in the use of electrical components in cars are major drivers of the side-view camera system growth.
The passenger car market is anticipated to increase at the fastest rate. In the beginning, side view camera systems are anticipated to be included in high-end passenger vehicles. Luxury automakers like Audi, BMW, Mercedes Benz, and others have expanded their attention on superior comfort and safety features assisted by automotive cameras as a result of the intense rivalry in the premium car segment. The onboard systems are handling an increasing number of the features in this sector. 2018 saw the introduction of vehicles without sideview mirrors from manufacturers like Lexus. A significant driver of growth in the European region would be the legislation already in place governing side view camera systems.
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Multi-View Camera System (MVCS) Market- Segmental assessment
By Product Type
- 2D
- 3D
- Others
By Function
- Parking
- ADAS
- Others
By End-User
- Passenger vehicle
- Commercial vehicle
- Other
Key Competitors:
Ambarella, Inc., Aptiv PLC, Clarion Co., Ltd., Continental AG, Denso Corporation, Magna International Inc., NXP Semiconductors NV, OmniVision Technologies, Inc., Robert Bosch GmbH, Samvardhana Motherson Automotive Systems Group B.V., Texas Media Systems, Valeo, and Xilinx Inc.
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Key Questions Answered:
- What is the vehicle multi-view camera system market growth?
- What are the vehicle multi-view camera system market drivers?
- What are the key industry trends in this market?
- What is the impact of COVID-19 on this market?
- What is the global vehicle multi-view camera system market segmental analysis?
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