Frost Radar™: Global Automotive Camera Market, 2020
Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines
23-Sep-2020
North America
Frost Radar
MF70-01-00-00-00
AU02046-NA-MR_24760
Achieving zero road fatalities is an overarching goal among legislators, automotive suppliers, and original equipment manufacturers (OEMs). To achieve this goal, major automotive OEMs are exploring autonomous driving technologies to complement their existing active safety portfolios. Cameras figure largely in this process.
By 2025, the automotive camera market will have witnessed exponential growth driven by the continual improvement of advanced driver assistance system (ADAS) and autonomous driving solutions, markets that demand more camera sensors installed per vehicle. Self-driving vehicles will require awareness of their surroundings, entirely and accurately. Many innovative camera developers and Tier I suppliers are tackling the challenges of long-range and high-speed object detection and classification with the use of night vision in forward-facing cameras for applications such as adaptive cruise control, pedestrian safety, and lane keep systems.
The critical need for short-range wide-angle cameras will intensify as adoption increases among maneuvering and driver assist applications such as park assist, reverse assist, and SAE Level 4 autonomous parking.
Market growth for inward-looking, or driver monitoring, cameras is supported by policy makers, fleet management companies, and insurance firms that want to mandate the detection of driver drowsiness and alertness in the European Union; both the United States and China have proposed regulations as well.
In a field of more than 20 industry participants, Frost & Sullivan independently plotted the top 10 companies in this Frost Radar™ analysis. These emerging leaders were selected based on an elaborate set of performance indicators and parameters.
The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
The Strategic Imperative
The Strategic Imperative (continued)
The Growth Environment
Frost Radar™: Global Automotive Camera Market
Frost Radar™: Competitive Environment
Frost Radar™: Competitive Environment (continued)
Continental
Denso
Hyundai Mobis
Magna International
Mobileye
Panasonic
Robert Bosch
Valeo
Veoneer
ZF
Strategic Insights
Significance of Being on the Frost Radar™
Frost Radar™ Empowers the CEO’s Growth Team
Frost Radar™ Empowers Investors
Frost Radar™ Empowers Customers
Frost Radar™ Empowers the Board of Directors
FROST Radar™: Benchmarking Future Growth Potential
FROST Radar™: Benchmarking Future Growth Potential
Frost Radar™: Benchmarking Future Growth Potential
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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
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Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. -
Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. -
Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. -
Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? -
Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
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INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. -
RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. -
PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. -
MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. -
CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
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GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. -
BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. -
COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. -
CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. -
PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
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