Global Automotive Camera Market expected to record a CAGR of ~12% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Automotive Camera Industry?

Global Automotive Camera Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 20 Bn by 2028.

The Automotive Camera Market is largely driven by the growing consumer demand for active safety systems coupled with increased penetration of camera-based convenience features in passenger cars and commercial vehicles.

The stringent government initiatives to install safety technology in cars and other vehicles to enhance the safety of drivers coupled with increasing penetration of safety systems in vehicles is likely to propel the growth of the global automotive camera market.

The global automotive camera market faces challenges due to the high installation cost of the automotive camera.

The rising incidence of malfunctioning camera components such as modules, sensors, and other components along with the high cost to fix the damages is also expected to restrict the growth of the market.

The COVID-19 pandemic negatively impacted the automotive camera market due to the suspension of the production of vehicles and decreased demand for vehicles. Additionally, a halt in the automotive industry due to disruption in supply also slowed down the growth of the market during the pandemic. However, the market started gaining momentum owing to different mandates by different countries.

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Global Automotive Camera Market By Vehicle Type

The Global Automotive Camera market is segmented by Vehicle type into Passenger Vehicles and Commercial Vehicles.

The passenger vehicles segment held the largest share of the global automotive camera market by vehicle type in 2022, owing to the rising incidence of car accidents along with the increasing requirement for an active safety system.

The increasing demand for camera-based convenience features, especially in luxury vehicles is expected to fuel the demand for the segment in the global automotive camera market.

Global Automotive Camera Market By Application

The Global Automotive Camera market is segmented by Application into Park Assist, ADAS and Others.

The ADAS segment accounted for the largest share of the global automotive camera market in 2022, attributed to the surge in the installation of ADAS in passenger cars and commercial vehicles.

Growing demand for ADAS systems in vehicles to improve their safety as it offers key driving assistance functions such as controlling speed, maintaining a safe speed, and other functions, is anticipated to aid the growth of the segment in the global automotive camera market.

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Global Automotive Camera Market By Technology

The Global Automotive Camera market is segmented by Technology into Infrared Camera, Thermal Camera and Digital Cameras.

Infrared camera segment accounted for the largest share of the global automotive camera market in 2022, due to the growing demand for cameras that operate in low-light conditions in vehicles.

Infrared cameras can detect invisible heat radiation emitted by objects regardless of lighting conditions which can offer an added advantage to the drivers and can ensure their safety, which is anticipated to aid the growth of the segment in the global automotive camera market.

Global Automotive Camera Market By Geography

The Global Automotive Camera market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

North America region accounted for the largest share of the global automotive camera market in 2022, due to the rising demand for luxury vehicles among consumers.

The increasing installation of advanced driver-assistance systems (ADAS) to enhance the safety of drivers coupled with the increasing number of manufacturers providing value-added service in the region, is expected to augment the growth of the region in the automotive camera market.

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Key Topics Covered in the Report

• Snapshot of the Global Automotive Camera Market
• Industry Value Chain and Ecosystem Analysis of the Automotive Camera Market
• Market size and Segmentation of the Global Automotive Camera Market
• Historic Growth of the Overall Global Automotive Camera Market and Segments
• Competition Scenario of the Automotive Camera Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Automotive Camera Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Automotive Camera Market
• Future Market Forecast and Growth Rates of the Global Automotive Camera Market and by Segments
• Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
• Analysis of the Automotive Camera Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Production/Supply and Consumption/Demand Hubs in Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Automotive Camera Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

• Garmin Ltd.
• Panasonic Holdings Corporation
• Continental AG 
• Autoliv
• Robert Bosch GmbH
• Magna International Inc.
• OMNIVISION
• ZF Friedrichshafen AG
• Aptiv
• STONKAM CO., LTD.

Notable Emerging Companies Mentioned in the Report

• Mobileye N.V.
• Valeo
• Canon
• Zebronics
• Renesas

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

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Global Automotive Camera Market

The COVID-19 Pandemic Dealt a Heavy Blow to the Global Lubricants Market in 2021, with Revenue at Over USD 120 Bn: Can the Industry Expect a Strong Recovery or a Slow Climb? — Ken Research

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1. “Demand for green fuel:” An initiative that can affect the lubricants market negatively.

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The automotive industry contributes significantly to consumption & ultimately the growth of the global lubricants market. However, as the demand for crude oil grows, so do environmental concerns. Consumers all over the world are becoming more interested in electric vehicles. Additionally, as the technology advances, the pros of having an electric vehicle will become clear. Electric vehicle adoption is expected to slow down the industry growth. According to International Energy Agency, “sales of electric vehicles have doubled in 2021 with an overall count of 6.6 million & have accounted for 10% of global car sales.” Moreover, China accounted for 3 million sales of electric vehicles in 2020, by 40% in 2019 & is expected to capture a bigger share of the market in upcoming years.

However, from a broader perspective, renewable energy can also benefit the lubricant market, the potential sub segment of the power generation market is renewable energy sector. In terms of total energy, wind power generation which uses lubricants to a large extent, currently makes up a very small portion, but, according to the world energy association, the market is expanding at the rate of 10% annually & had a capacity of 596,566 megawatts. Lubricants are thus necessary for the sector.

2.” COVID Hit:” Damage inflicted on automotive segment felt by the lubricants market as well.

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The global automotive supply industry is heavily impacted by the COVID-19 crisis, as both the production and sales of motor vehicles came to a sudden halt in most of regions. The lockdown impacted the transportation sector, resulting in the low movement of commercial and passenger vehicles across the globe. In China, according to the International Council on Clean Transportation, there was a 23% decrease in the sales volume of new passenger cars in 2020 as compared to the first half of 2019. These work stoppages led to a loss of production of millions of vehicles across the world. Moreover, as per International Organization of Motor Vehicle Manufacturers, global vehicle manufacturing dropped by 16% directly impacting the demand for automotive lubricants. All these factors negatively impacted the lubricants market during the COVID-19 pandemic.

However, as automotive, marine, chemical & oil & gas markets rebound from the pandemic shock waves, the lubricants market will also grow subsequently. The growth, however, will be steady at first & is then expected to grow at a fast pace.

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Global Lubricants Market

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Will The Global Logistics And Warehousing Players Able To Cater The Spike In Online Demand Of Products? - The Market Is Forecasted To Grow $72.96 Bn By 2027: Ken Research

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1. Electronic Commerce Growth Creates Tremendous Opportunities globally for logistics and warehousing

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• China, Hong Kong (China), and the United Kingdom had the greatest GDP-related B2C e-commerce, while India, Brazil, and Russia had the lowest.
• Globalization has increased the amount and diversity of cross-border transactions in services and products by facilitating the rapid and broad transfer of technology.  This has driven the trends in the global cross-border B2C e-commerce market.
• Current e-commerce technologies make it simpler for businesses to reach scattered audiences by lowering administrative and marketing expenses.
• The COVID-19 pandemic resulted in an increase of 9.5% annually, or more than 4 billion people, in the number of Windividuals shopping online in 2020. The rising trend was anticipated to continue in 2021. Following fashion in popularity are toys, hobbies, technology, and media in the e-commerce sector.

 2. Rising Interest in Omni-channel drives the Global Market

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• As large online retailers build physical stores, the omni-channel supply chain has expanded dramatically.
• Intelligent retail solutions are now implicitly demanded by the informed customer. Via diverse retail venues, distinct consumer groups purchase and select goods that suit their requirements and way of life.
• As a result, businesses have realized that expanding consumer options and streamlining the purchase process boosts revenue. As they work to boost B2C and B2B e-commerce, medium and big businesses will use the term "omni-channel retail" as their catchphrase.

3. An Increasing Number of SKUs:

The ever growing number of iPhone SKUs

• Trends towards stocking more SKUs are being driven by rising consumer expectations. Warehouse managers fear their clients would switch to a supplier who will carry a slow-moving item if they don't stock it.
• A change away from maintaining a lean inventory to keeping additional supplies on hand, just in case, is also being brought about by the supply chain disruptions brought on by the epidemic.
• More flexible and customizable fulfilment solutions are required as a result of changing customer behaviour and an increase in available SKUs.

Analysts at Ken Research in their latest publication “Global Logistics and Warehousing Market Outlook to 2028- Driven by the Rising Demand from Manufacturing, F&B, Retail, and other industries along with increasing Government Initiatives to Strengthen the Logistics Infrastructure” observed that Global Logistics Market is in a growing phase. Increasing demand for food, beverages, and manufacturing products in Global and Government support to improve transport facilities are some of the factors that will contribute to the Global Logistics market growth over the period of 2023-2028. It is expected that Global Logistics Market will grow at a positive CAGR for the above-forecasted period.

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Global Logistics Market

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4 Key Insights from the India Skilling Industry Future Outlook, a snippet from a report: Ken Research

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India is considered to be the 2^nd Fastest Growing Freelance Market in the World.

1. Stronger Impetus towards Already Fast-Growing Ed-Tech Adoption among Working Professionals & Graduates in India

Click to Read Article: Top players providing online teaching platforms

• COVID-19 accelerated Trend in adoption of Online Learning in India. education has changed dramatically, with the distinctive rise of e-learning, whereby teaching is undertaken remotely and on digital platforms.
• Research suggests that online learning has been shown to increase retention of information, and take less time, meaning the changes coronavirus have caused might be here to stay.
• Even before COVID-19, there was already high growth and adoption in education technology

2. Youth employed in full-time jobs are most willing to take up freelance work in the future

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• 78% of India's working youth who held 0-1 job in the last five years and are willing to take up freelance work.
• 84% of India's working youth who held 2-3 jobs in the last five years and are willing to take up freelance work.
• 86% % of High-earners (earning more than ₹20,000 a month) inclined towards freelance work.

3. Freelance Workers (Gig workers) could Reshape India’s Future Job Market Landscape

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• GIG Workers taking skilling courses with time to enhance their skill set as companies (such as EY) have a database of a few 100 freelancers whom they hire regularly for various projects.
• Major IT firms like TCS, Infosys and Microland, hire independent consultants regularly at all levels for multiple projects.
• Top paying gig jobs: Content Writing, Translations, Creative works, Recruitment, Sales, Digital Marketing, Branding, Software Development, Architecture, Building Information Modeling, Accounting, Data Analytics, Consulting, Counseling etc.

4. Technical skills are the trends in the market, but nowadays, youth are brushing up their soft skills and are more eager to learn them through various agencies

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• Technical Skills - Overcrowded with presence of 80+ Edtech players; 2-3 players added every yr. 75% of programs on SPOC platforms are technical/ IT courses.
• Soft Skills - Few 5-6 Verticalized edtech players. Frag. among MOOCS and Corporate training corporations.

Digital disruption: the way forward for Malaysia Used Car Market: Ken Research

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The global pandemic had impacted the automotive industry all over the globe and Malaysia is no exception. However, the used car market has seen a positive increase in sales due to factors such as low income, a lack of money, and a rising preference for private cars to maintain social distancing. As a result, the used car industry is growing at a CAGR of ~6% during the years2015 and 2021. The sector for used cars in Malaysia is expected to witness steady growth in the coming years as well, but this time, digital disruption will have a key role to play. Find out how digital media will help the used car market in driving sales and flourish in Malaysia.

1. The Used car industry in Malaysia is amongst the most significant contributor to the Country’s economy

1.1 …aided by a growing population and rapid migration to urban areas that has caused an increase in demand for personal vehicles

2.  Presently, the industry is in the late growth phase with the increased popularity of online players and the entry of OEM-certified dealers

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3. The increasing presence of Multi-brand & OEM-certified dealerships and easy financing options have contributed to Industry’s growth

4. Used car dealers try to attract customers with additional discounts and After sales services

5.  Here, majority of the cars are sourced by the dealers from individuals and auction houses

6.  Social media plays a major role in generating leads for dealers & end consumers by virtue of offering advertisements at a lower cost with respect to other traditional marketing channels

7.  Consumers are shifting away from traditional methods & increasingly using online platforms for buying used cars which acts as an opportunity; lack of warranty online remains an issue

8.  Owing to digital enablement and additional service offerings, the industry is anticipated to thrive in the future

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Malaysia Used Car Market

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Due to COVID-19, the Malaysian Ophthalmology Market Revenue declined by 7.3% in 2020. Will Malaysia be able to recover the lost revenue? Ken Research

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1. With population of 31.9 Mn, Malaysia has 1 Ophthalmologist per 50,000 people

Click to Read Full Article: Malaysia Ophthalmology Market

• There is a dire need of more sophisticated ophthalmologist clinics
• More technological advancement in services provided for ophthalmologist
• Creating awareness regarding ophthalmologist’s need
• More numbers of ophthalmologist’s.

2. Growing Ageing Population proportion increased Number of Eye related clinics across Different Regions

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• Proportion of Population >50 Years

• 27%: Central Region, majorly include Kuala Lumpur Selangor, Negeri Sembilan
• 26%: Northern Region, Major Locations being Pulau Pinang, Kedah Perlis & Perak
• 16%: Southern Region, majorly Melaka and Johor
• 14%: Eastern Region, Majorly include Kelantan, Pahang, Terengganu

Growing Ageing Population proportion across Different Regions resulting in increased Number of Eye related Patients in majorly Selangor and Kuala Lumpur

3. National Eye Database Malaysia has been significant in estimating the vastness of problems related to eye-sight.

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• National Eye Survey, a population based eye survey to be conducted by the Ophthalmology Service of the Ministry of Health (MOH) in collaboration with the Institute of Public Health (IPH) and Clinical Research Centre (CRC) of the MOH.
• Objective of the survey is to estimate the prevalence of blindness & low vision among Malaysians (50 years and older), to assess cataract surgery coverage & identify barriers to access cataract surgery service in the country.

Despite The Pandemic Global Fitness Services Market Is Set to Cross More Than $ 450 Bn in the Coming Five Years: Ken Research

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Global Fitness Services Market which reached a value of more than USD 200 billion in the year 2022. The Fitness service industry is further expected to grow at a robust CAGR by 2027, says a report by Ken Research.

1. The Global Fitness App Market Is Projected to Reach Almost USD 15 Billion By 2027.

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The market has witnessed an increase in demand in the past few years owing to the growing penetration of smartphones and the emergence of advanced technologies in the healthcare sector. Instead of the typical brick-and-mortar gyms that provide long-term subscriptions, digital-focus gyms with a business strategy of retail locations and online applications appeared to seize this potential in 2022. Since there are no yearly membership costs, anybody may use the gym and the lessons whenever they choose, unlike typical gyms that charge a set upfront amount regardless of use. As a result, technology-enabled gyms that provide both online and offline alternatives are gradually replacing traditional gyms across the globe.

2. Almost 3% of the population globally are gym members: Developed Nations are at the Top.

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The internet has greatly increased the popularity of the fitness movement, especially among younger people. Fitness KOLs are developing and taking on a more important role in encouraging millennials towards a healthier lifestyle as a result of the trend of health and wellness being in line with rising affluence. 22.00% of the population of Sweden and Norway are gym members, the highest penetration rates globally. In a close third, there is the US, with around 21% of Americans are gym members.

3. Fitness Industry Revenue Declined by More Than 55% in 2020: How is The Global Fitness Industry Prospering after COVID-19?

The World Fitness Market expansion was hampered by the coronavirus epidemic, which also constrained the sector's growth. Prior to the pandemic, the market for fitness services was growing, but because of the lockdown, it faced several difficulties. Roughly 30% of fitness club members are expecting to attend three to four days per week, down from approximately 40% pre-COVID-19. The industry is now prospering. The market's expanding growth potential have increased the sector's chances of expansion. The industry has been developing more quickly, and it will continue to expand across the globe.

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Global Fitness Service Market

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How will digital disruption enable Egypt’s Auto Finance Market to achieve double-digit growth by 2027?

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Auto finance industry has seen substantial growth in credit disbursement backed by accelerated population growth, vehicle sales, and a surge in financial penetration. Presently, Egypt Auto Finance Market is growing at a CAGR of 18%, 20216-2022. The sector is driven by Purchasing power of individuals and the risk appetite of the financial service provider. Also, the entry of women drivers has led to an increase in total cars sold, and hence the credit disbursed. However, digital disruption will act as a major catalyst behind the development of the auto finance market in the coming years. Here, we have outlined the key reasons on how digital disruption will help Egypt’s Auto Finance Market to reach double-digit growth by 2027.

1.  Growing population and rapid migration to urban areas is leading to an increase in demand for personal vehicles IN Egypt

2.  In 2021, there were 5.4 Mn cars in use and 53.1 cars per 1,000 people in Egypt, which is expected to increase to 56 cars in operation per 1,000 people by 2025

3.  Customers in Egypt can avail auto loans from Banks and NBFCs with an average loan period of 3-5 years

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4.  Large Public Sector Banks including National Bank of Egypt, Bank Misr, and Banque Du Caire rules over 40.0% of the financial banking system in Egypt

5.  Dominance of unorganized channel and favorable government initiatives has boosted the growth of auto finance industry in Egypt

6.  Growing population, and increasing demand for passenger cars will act as a key strength to the Egypt auto finance market; low internet penetration may affect the market

7.  In the coming years, Digital disruptions will make the industry more efficient and enable the market to expand with double-digit growth

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Egypt Auto Finance Market

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“From Click to Doorstep”: 3 Cutting Edge Technological Trends Boosting the Global Ecommerce Logistics Market to Reach $1 Trillion: Ken Research

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Global Ecommerce Logistics Market was valued at around ~$200 Bn in 2022, boosted by the Covid-19 impact as it helped enterprises to address extensive demand is eyeing to become a $1 Tillion industry by 2027. Let’s explore some of the reasons addressing the same.

1. Increasing digitization and access to smart phones are boosting the Ecommerce market.

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Around 60% of e-Commerce sales are conducted through mobile apps and this general trend is expected to increase in the future. Making brand interaction with the customer much efficient and easy to sell the product to the customer. With 5 Billion people having internet access, this becomes one of the biggest contributor of growth to the ecommerce logistics market.

2. “Accelerating E-commerce Growth”: The Dominance of Digital Payment in Online Shopping Industry.

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Over the past decade, the e-commerce industry has experienced significant growth, with the online shopping becoming increasingly popular among consumers. The global e-commerce sales reached ~$ 4 trillion by 2021, with an estimated 2.14 billion people worldwide make online purchases. With this surge in online shopping comes a corresponding increase in digital payments, which have become the dominant player method in the industry. In 2020, the value of digital payment worldwide was estimated at ~5.12 trillion, which is a major factor the growth in the ecommerce logistics market globally.

3. Buy Now, Pay Later FinTech is giving a major push to the Ecommerce Logistics Market.

According to a report by Forbes, the pace of BNPL growth among Gen Z has increased by 600% since 2019, while it has tripled for Millennials. Although Gen X and Baby Boomer adoption rates aren't far behind, the rise of BNPL among younger generations suggests that it may eventually replace cash as the main form of payment. This is becoming a major factor for the growth in ecommerce logistics market.

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Feasting on Success: Global Catering Market Hits over $150 Bn in 2022, but Will the Growth Trend Continue Beyond? – Ken Research

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Global Catering Market which reached a value of over $150 Bn in the year 2022. The food service industry is further expected to grow at a robust CAGR by 2027, says a report by Ken Research

1. Contract Catering is the main revenue generating segment in Global Catering Market.

In the following two years, the global market for contract careering is predicted to expand at a 4.02% CAGR. To provide culinary services for staff, employees, guests, and customers, large-scale organizations such as educational institutions, corporations and industries, hospitals, and event planners utilize contract caterers. Contract catering services include the benefits of increased accountability from the caterer, consumer convenience, and legal compliance with food safety and hygiene regulations. Thus, one of the most widely used categories of catering services is contract catering. According to a survey, more than 50% of respondents stated they would buy things that were made specifically for them.

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2. COVID-19 is one of the most significant threats that the catering industry has ever faced.

The catering industry has been fundamentally threatened by the pandemic caused by COVID-19. The catering companies that survive are the ones that understand how the world will return and plan accordingly. These catering companies started adapting accordingly so they can overcome this challenge, some of these techniques are

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3. The market is expanding as a result of consumers' rising demand for fresher, healthier foods.

Customers' growing preference for fresher, healthier foods is boosting the global catering services market. Catering service providers have shifted their focus to providing healthier meals made in-house with fresh ingredients. Specialized catering services are becoming more popular as global multinational corporations rapidly expand in emerging markets. Catering businesses now offer healthy dining options such as organic meals, a balanced vegan diet, and healthy snacks as a result of the worldwide trend of increasing health consciousness.

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Global Catering Market

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