Home / Parts & Suppliers / Vehicle Camera Market by Price (Affordable, Mid-Range, High-End), End User (Private, Commercial, Government & Defense Sector) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

Vehicle Camera Market by Price (Affordable, Mid-Range, High-End), End User (Private, Commercial, Government & Defense Sector) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

Published: Sep 2016 | No Of Pages: 110 | Published By: Allied Market Research

Vehicle cameras attached to automobiles capture images and videos of inside and outside the vehicle. They provide real-time video recording, which helps in collecting legal evidence during an accident, theft, and others. Rise in number of road accidents worldwide boosts the adoption of vehicle cameras across various sectors such as private, commercial, and defense. However, government regulations in some countries concerned with public video recording impede the market growth. Moreover, deployment of advanced technologies and equipment, such as top-down view cameras, 3D imaging, night vision cameras, dual lenses cameras, and GPS is expected to provide abundant growth opportunities for the vehicle camera market.

Vehicle cameras have proven to be of great importance as evidence in private and commercial sectors due to the increase in number of road accidents, parking accidents, and complications in claiming insurance for the same. These cameras ensure driver safety and theft protection, and thus have gained popularity among private vehicle owners. Armored vehicles and military ground transport vehicles, such as trucks, tanks, armored personnel carriers, that need to operate in total darkness and hostile areas are employed with advanced featured cameras equipped with night vision, GPS tracking, and other additional features. 

Prominent players offering vehicle cameras globally include Qrontech Co. Ltd., DCS Systems Ltd., AIPTEK International, GoPro, Garmin International, Inc., Transcend Information, Inc., Pittasoft Co. Ltd., Hyundai MnSOFT, S.Will Industrial Ltd., and PAPAGO Inc.

Segment Overview

The world vehicle camera market is segmented based on price, end user, and geography. The price segment includes affordable, mid-range, and high-end vehicle cameras. The end-user segment comprises private vehicles, commercial vehicles, and government & defense vehicles. This report analyzes the global market based on four key regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

In the year 2015, the private end-user segment dominated the market in terms of revenue generation due to the rise in adoption of vehicle cameras by private vehicle owners for safety and security of their vehicles, video recording in case of accidents, and theft for legal processes among others. However, the commercial end-user segment is expected to grow at the highest CAGR during the forecast period, owing to the increase in demand for these cameras across industries such as entertainment, tourism, and sport events worldwide. 

North America generated the highest revenue in the global market in 2015, due to the high adoption of advanced driver assistance systems (ADAS) in automobiles used for private and commercial purposes. However, Asia-Pacific is projected to grow at the highest CAGR, owing to the rise in number of road accidents in India, Pakistan, China, Thailand, and others.

Need for safety

The need for safety of vehicles and passengers on roads and parking areas has led to the expansion of vehicle camera market. The increase in the number of accidents has boosted the use of vehicle cameras at a high rate. Vehicles installed with cameras offer visual security and protection from thieves. Moreover, cab drivers employ car cameras as video security systems to protect themselves from theft and being cheated by fares as well as proof for their employers that they were on the job. Installing an “in-vehicle camera” has become a necessity to monitor activities of drivers and passengers as well. Thus, this feature is expected to have a significant effect on the market. 

Extensive use in commercial sector

On-board cameras are widely used in the entertainment industry, especially in movie direction and tourism-based shows. Vehicle cameras provide real-time videos and images, which are utilized during shooting of action sequences in movies, creating advertisements, and by tourists. These cameras are also installed in ambulances, fire rescue vehicles, sport vehicles, and others. Vehicle cameras are applicable in sport events to track records, monitor athletes and car racers, and broadcast events. Thus, the commercial sector contributes maximum to the growth of the market.

Technological advancement

Introduction of novel technologies pave the way for high growth rate for the vehicle camera market in the coming years. Advancement and fusion of technologies and equipment are likely to transform and increase the camera efficiency, including light detection and ranging (LIDAR) sensors, 3D imaging, night vision, dual lenses cameras, GPS, blind-spot detection features, park cameras, top-down view cameras, and others. 

Key Benefits

  • The study provides an in-depth analysis of the world vehicle camera industry along with current trends and future estimations to elucidate the imminent investment pockets.
  • Current and future trends are outlined to determine the overall market potential and to single out profitable trends to gain a stronger foothold in the market.
  • Key drivers, restraints, and opportunities along with their impact analysis are explained.
  • Quantitative analysis of the current market size and forecast from 2014 to 2022 is provided to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers participating.
  • Value chain analysis provides a clear understanding on the roles of stakeholders involved in the value chain.

Vehicle Camera Market Segments 

The vehicle camera market is segmented based on price, end user, and geography.

BY PRICE

Affordable (up to US$100)
Mid-Range (US$100‐US$200)
High-End (above US$200)        

BY END USER

Private Sector
Commercial Sector
Government & Defense Sector

BY GEOGRAPHY

North America

U.S.
Mexico
Canada

Europe

UK
Germany
France
Rest of Europe

Asia-Pacific

China
Australia
Japan
Rest of Asia-Pacific

LAMEA

Latin America
Africa
Middle East

KEY MARKET PLAYERS

Qrontech Co. Ltd. 
DCS Systems Ltd. 
AIPTEK International
GoPro, Inc.
Garmin International, Inc.,
Transcend Information, Inc.
Pittasoft Co. Ltd.
Hyundai MnSOFT 
S.Will Industrial Ltd.
PAPAGO Inc.

COMPANIES MENTIONED IN THE REPORT

Synnex Australia Pty Ltd., Google Inc., General Things, BMW Group, Polaroid, Xiaomi Inc., General Motors Company, Tesla Motors, Inc., Martel Electronics, Ausdom Inc., Skyhigh Electronics Co. Ltd.

Chapter: 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY
2.1 CXO perspective

Chapter: 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top investment pockets
3.2.3 Top winning strategies
3.3 Porter’s five forces analysis
3.3.1 Absence of major players and low switching cost of customers lead to high rivalry among competitors in the market
3.3.2 Availability of alternative products increase the threat of subdstitutes
3.3.3 Low switching cost and high initial capital investment lead to moderate threat of new entrants
3.3.4 Comparatively less number of buyers than suppliers and in-house manufacturing by vehicle companies minimizes the bargaining power of suppliers
3.3.5 Availability of substitutes and concentrated buyers in the market increases the bargaining power of buyers
3.4 Value chain analysis
3.4 Market share analysis, 2015
3.5 Market Dynamics
3.5.1 Drivers
3.5.1.1 Need for safety
3.5.1.2 Ease in insurance claiming process
3.5.1.3 Extensive use in commercial sector
3.5.2 Restraints
3.5.2.1 Stringent government regulation
3.5.2.2 High priced products
3.5.3 Opportunities
3.5.3.1 Increasing awareness among private and commercial sectors
3.5.3.2 Technological advancement

Chapter: 4 WORLD VEHICLE CAMERA MARKET, BY PRICE
4.1 Affordable vehicle camera
4.1.1 Key market trends
4.1.2 Key drivers and opportunities
4.1.3 Market size and forecast
4.2 Mid-range vehicle camera
4.2.1 Key market trends
4.2.2 Key drivers and opportunities
4.2.3 Market size and forecast
4.3 High-end vehicle camera
4.3.1 Key market trends
4.3.2 Key drivers and opportunities
4.3.3 Market size and forecast

Chapter: 5 WORLD VEHICLE CAMERA MARKET, BY END-USER
5.1 Private sector
5.1.1 Key market trends
5.1.2 Key drivers and opportunities
5.1.3 Market size and forecast
5.2 Commercial sector
5.2.1 Key market trends
5.2.2 Key drivers and opportunities
5.2.3 Market size and forecast
5.1 Government and defense sector
5.1.1 Key market trends
5.1.2 Key drivers and opportunities
5.1.3 Market size and forecast

Chapter: 6 WORLD VEHICLE CAMERA MARKET, BY GEOGRAPHY
6.1 North America
6.1.1 Key market trends
6.1.2 Key drivers and opportunities
6.1.3 Market size and forecast
6.1.3.1 U.S.
6.1.3.2 Canada
6.1.3.3 Mexico
6.2 Europe
6.2.1 Key market trends
6.2.2 Key drivers and opportunities
6.2.3 Market size and forecast
6.2.3.1 U.K.
6.2.3.2 Germany
6.2.3.3 France
6.2.3.4 Rest of Europe
6.3 Asia-Pacific
6.3.1 Key market trends
6.3.2 Key drivers and opportunities
6.3.3 Market size and forecast
6.3.3.1 Australia
6.3.3.2 China
6.3.3.3 Japan
6.3.3.4 Rest of Asia-Pacific
6.4 LAMEA
6.4.1 Key market trends
6.4.2 Key drivers and opportunities
6.4.3 Market size and Forecast
6.4.3.1 UAE
6.4.3.2 Africa
6.4.3.3 Saudi Arabia

Chapter: 7 COMPANY PROFILE
7.1 Qrontech Co. Ltd.
7.1.1 Company overview
7.1.2 Company snapshot
7.1.4 Strategy moves & developments
7.2 DCS Systems Ltd.
7.2.1 Company overview
7.2.2 Company snapshot
7.2.4 Strategy moves & developments
7.3 Aiptek International
7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Business performance
7.3.4 Strategy moves & developments
7.4 Gopro, Inc.
7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Business performance
7.4.4 Strategy moves & developments
7.5 Garmin International, Inc.
7.5.1 Company overview
7.5.2 Company snapshot
7.5.4 Strategy moves & developments
7.6 Transcend Information, Inc.
7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 Business performance
7.6.4 Strategy moves & developments
7.7 Pittasoft Co. Ltd .
7.7.1 Company overview
7.7.2 Company snapshot
7.7.4 Strategy moves & developments
7.8 Hyundai MnSOFT
7.8.1 Company overview
7.8.2 Company snapshot
7.8.4 Strategy moves & developments
7.9 S.Will Industrial Ltd.
7.9.1 Company overview
7.9.2 Company snapshot
7.10 Papago Inc.
7.10.1 Company overview
7.10.2 Company snapshot
7.10.4 Strategy moves & developments

TABLE 1 WORLD VEHICLE CAMERA MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 2 WORLD VEHICLE CAMERA MARKET, BY PRICE 2014-2022 ($MILLION)
TABLE 3 WORLD AFFORDABLE VEHICLE CAMERA MARKET REVENUE, BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 4 WORLD MID-RANGE VEHICLE CAMERA MARKET REVENUE, BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 5 WORLD HIGH-END VEHICLE CAMERA MARKET REVENUE, BY GEOGRAPHY, 2014 - 2022 ($MILLION)
TABLE 6 WORLD VEHICLE CAMERA MARKET, BY END-USER, 2014–2022 ($MILLION)
TABLE 7 WORLD VEHICLE CAMERA MARKET IN PRIVATE SECTOR, BY GEOGRAPHY, 2014–2022 ($MILLION)
TABLE 8 WORLD VEHICLE CAMERA MARKET IN PUBLIC SECTOR, BY GEOGRAPHY, 2014–2022 ($MILLION)
TABLE 9 WORLD VEHICLE CAMERA MARKET IN GOVERNMENT AND DEFENSE SECTOR, BY GEOGRAPHY, 2014–2022 ($MILLION)
TABLE 10 WORLD VEHICLE CAMERA MARKET, BY GEOGRAPHY, 2015–2022 ($MILLION)
TABLE 11 NORTH AMERICAN VEHICLE CAMERA MARKET REVENUE, BY COUNTRY, 2014–2022 ($MILLION)
TABLE 12 EUROPE VEHICLE CAMERA MARKET REVENUE, BY COUNTRY, 2014–2022 ($MILLION)
TABLE 13 ASIA-PACIFIC VEHICLE CAMERA MARKET REVENUE, BY COUNTRY, 2014–2022 ($MILLION)
TABLE 14 LAMEA VEHICLE CAMERA MARKET REVENUE, BY COUNTRY, 2014–2022 ($MILLION)
TABLE 15 QRONTECH CO., LTD.- SNAPSHOT
TABLE 16 DCS SYSTEM LIMITED- SNAPSHOT
TABLE 17 AIPTEK INTERNATIONAL, INC.-SNAPSHOT
TABLE 18 GOPRO, INC- SNAPSHOT
TABLE 19 GARMIN INTERNATIONAL INC.- SNAPSHOT
TABLE 20 TRANSCEND INFORMATION INC.- SNAPSHOT
TABLE 21 PITTASOFT CO. LTD-. SNAPSHOT
TABLE 22 HYUNDAI MNSOFT CO.- SNAPSHOT
TABLE 23 S.WILL INDUSTRIAL LTD.- SNAPSHOT
TABLE 24 PAPAGO INC.- SNAPSHOT

FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP WINNING STRATEGIES IN THE VEHICLE CAMERA MARKET
FIG. 3 PORTER’S FIVE FORCES ANALYSIS
FIG. 4 VALUE CHAIN ANALYSIS OF VEHICLE CAMERA MARKET
FIG. 5 MARKET SHARE ANALYSIS OF VEHICLE CAMERA POVIDERS (2015)
FIG. 6 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD VEHICLE CAMERA MARKET, BY PRICE, 2015 & 2022 (%)
FIG. 7 WORLD AFFORDABLE VEHICLE CAMERA MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 8 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD AFFORDABLE VEHICLE CAMERA MARKET, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 9 WORLD MID-RANGE VEHICLE CAMERA MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 10 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD MID-RANGE VEHICLE CAMERA MARKET, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 11 WORLD HIGH-END VEHICLE CAMERA MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 12 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD HIGH-END VEHICLE CAMERA MARKET, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 13 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD VEHICLE CAMERA MARKET, BY END USER, 2015 & 2022 (%)
FIG. 14 WORLD VEHICLE CAMERA MARKET IN PRIVATE SECTOR, 2014-2022 ($MILLION)
FIG. 15 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD VEHICLE CAMERA MARKET IN PRIVATE SECTOR, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 16 WORLD VEHICLE CAMERA MARKET IN COMMERCIAL SECTOR, 2014-2022 ($MILLION)
FIG. 17 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD VEHICLE CAMERA MARKET IN COMMERCIAL SECTOR, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 18 WORLD VEHICLE CAMERA MARKET IN GOVERNMENT AND DEFENSE SECTOR, 2014-2022 ($MILLION)
FIG. 19 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD VEHICLE CAMERA MARKET IN GOVERNMENT AND DEFENSE SECTOR, BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 20 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD VEHICLE CAMERA MARKET BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 21 NORTH AMERICA VEHICLE CAMERA MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 22 COMPARATIVE MARKET SHARE ANALYSIS OF NORTH AMERICA VEHICLE CAMERA MARKET BY COUNTRY, 2015 & 2022 (%)
FIG. 23 EUROPE VEHICLE CAMERA MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 24 COMPARATIVE MARKET SHARE ANALYSIS OF EUROPE VEHICLE CAMERA MARKET BY COUNTRY, 2015 & 2022 (%)
FIG. 25 ASIA-PACIFIC VEHICLE CAMERA MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 26 COMPARATIVE MARKET SHARE ANALYSIS OF ASIA-PACIFIC VEHICLE CAMERA MARKET BY COUNTRY, 2015 & 2022 (%)
FIG. 27 LAMEA VEHICLE CAMERA MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 28 COMPARATIVE MARKET SHARE ANALYSIS OF LAMEA VEHICLE CAMERA MARKET BY COUNTRY, 2015 & 2022 (%)
FIG. 29 AIPTEK INTERNATIONAL INC.: REVENUE, 2012-2014 ($MILLION)
FIG. 30 GOPRO, INC.: REVENUE, 2012–2014 ($MILLION)
FIG. 31 TRANSCEND INFORMATION INC.: REVENUE, 2013–2015 ($MILLION)

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