The global vehicle camera market is essentially segmented according to price, end-use application, and geography. The common price segments of the global vehicle camera market include affordable cameras below US$100, mid-range cameras between US$100 and US$200, and high-end cameras that are priced US$200 and above. End users of the global vehicle camera market include transportation vehicles, private vehicles, government and defense vehicles, and others including healthcare, sports vehicles, and fire rescue vehicles. Of the end users, private vehicles held 35.2%, the largest market share in 2013, in terms of revenue. The key reason driving this segment’s growth was the high penetration rates of vehicle camera technology in multiple countries.
Geographically, Europe has been the largest contributor to the global vehicle camera market in 2013 with a 44% market share. The market region ranked the highest due to a heavy rate of adoption of vehicle cameras in the U.K., France, and Russia. The current fastest-growing region in the market is Asia Pacific, expanding at a CAGR of 12% within the report’s forecast period. The region is set to experience this high rate of growth through a growing demand in the countries of China, South Korea, Australia, and Taiwan. Owing to a high level of awareness regarding the global vehicle camera market early on, Japan has been a dominant force in the Asia Pacific region.
The key players that operate in the global vehicle camera market include S. Will Industrial Ltd, Hyundai MnSOFT, Pittasoft Co. Ltd., Transcend Information, Inc., Garmin International, Inc., GoPro, Inc., AIPTEK International, Inc., DCS Systems Ltd. (RoadHawk UK), and Qrontech Co. Ltd. (Lukas).
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