PUNE, India, April 21, 2017 /PRNewswire-iReach/ -- Global Bus Rear-view Camera (RVC) Market 2017-2021 report covers the present scenario and the growth prospects of the global market. To calculate the market size, the report considers the revenue generated from the sales of bus RVC.
Complete report on global bus rear-view camera (rvc) market spread across 70 pages, analyzing 4 major companies and providing 34 data exhibits is now available at http://www.reportsnreports.com/reports/966157-global-bus-rear-view-camera-rvc-market-2017-2021.html
The analysts forecast global bus RVC market to grow at a CAGR of 19.8% during the period 2017-2021. The use of wide-angle lenses in automotive camera module is gaining importance due to its wide field coverage and enhanced picture quality. OEMs are exploring safety solutions that capture the driver's blind spots on the road; hence, to expand the coverage field of cameras, the wide-angle technology is being used. Although the image from wide angle lenses cameras is subject to certain irregularities such as radial distortion, uneven illumination and tangential distortions can negatively impact the output of the camera. OEMs and camera module manufacturers are actively investing in improving the output from wide angle cameras.
According to the bus rear-view camera (rvc) market report, the quest for automobile safety is considered as one of the key drivers in the development of advanced automobile safety systems. Advanced safety and security features are no longer limited to premium vehicles like luxury buses. Consumers are now more aware of safety systems and technologies and are taking an interest in improving the safety systems for their vehicles. As a result, electronic equipment such as cameras and sensors are now being installed, even in the mid-segment buses. This has increased the demand for in-vehicle electronic devices to examine situations and prevent accidents. Driver assistance and safety systems applications include blind spot deduction (BSD), forward collision warning (FCW), surround-view systems, LDWS, RVC, and night vision systems (NVS). These safety systems examine road conditions and alert drivers of possible risks, thereby helping to avoid accidents.
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The competition is quite intense for the RCV market in passenger cars and LCVs whereas it is low for the RCV market for buses. The demand for safety equipment fitted buses is high in the Americas and EMEA since all the major vendors are operating in these regions. The competition among these few vendors is moderate due to slow growth rate of bus sales in addition to the regulations regarding safety systems and increased safety awareness. To sustain the market competition and improve revenue shares, vendors have the need to continuously innovate their offerings.
The major reason for the need for the RVCs than reverse parking sensors in buses is because of few drawbacks and unfavorable market dynamics in the reverse parking sensors market. The automotive parking sensors market is concentrated by OEMs, while aftermarket is fragmented with intense competition among the regional players, and this competition is expected to intensify further with product extensions and technological innovations. This increasing competition in the aftermarket segment where the occurrence of a failure in parking sensors system is more than the OEM products will become a threat to safety in the buses.
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