A sensor is the electronic device that detects and reacts to some sort of input from the physical condition. The specific data could be light, heat, movement, moisture, weight, or any one of a great number of other environmental phenomena. The output is normally a signal that is converted to human-readable display at the sensor location or transmitted electronically over a network for reading or further processing. . Whereas the camera is a hardware device used to capture images and videos. These both devices are used for safety and comfort features in automotive. The key features include rear camera, oxygen sensor to increase the fuel efficiency, and others.
Europe automotive sensor and camera technologies market is expected to register a healthy CAGR of 8.8% in the forecast period of 2019 to 2026.
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Segmentation: Europe Automotive Sensors and Camera Technologies Market
Europe automotive sensor and camera technologies market is segmented into three notable segments which are type, vehicle type and application
- On the basis of type, the market is segmented into sensor type and camera type.Camera type segment is growing at the highest CAGR of 9.4% in the forecast period of 2019 to 2026.
- Increasing the sales of passenger cars and commercial car in European countries like Germany, France and others are the responsible for growing sensors and camera type market in Europe
- On the basis of vehicle type, the market is segmented into passenger car, LCV and HCV. Passenger car segment is growing at the highest CAGR of 9.5% in the forecast period of 2019 to 2026.
- In European countries, the most people prefer passenger car as compared to LCV and HCV, hence passenger car segment growing with highest CARG..
- On the basis of application, the market is segmented into sensor and camera. Camera segment is growing at the highest CAGR of 9.4% in the forecast period of 2019 to 2026.
- Growing adoption of ADAS in European countries and many safety features of automotive based on cameras, is reason for growing camera segment
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Competitive Analysis: Europe Automotive Sensors and Camera Technologies Market
Some of the prominent participants operating in this market are Robert Bosch Gmbh, Delphi Automotive Plc, Continental Ag, Valeo, Autoliv Inc, Omnivision Technologies Inc, Magna International Inc, Mobileye, Zf Friedrichshafen Ag and others.
- In October, OmniVision Technologies, Inc announced new 16MP Image Sensor with advanced imaging features to deliver industry-leading performance for both single- and multi-camera applications.
- In October, OmniVision Technologies, Inc announced new 24MP Image Sensorwith high-resolution front- and rear-facing smartphone cameras, with cutting-edge technologies and design enhancements that enable differentiated features and excellent imaging performance.
- In October, OmniVision Technologies, Inc announced New OmniVision Image Sensor with breakthrough ultra-low-light (ULL) technology.
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