Smartphone camera makers eye next opportunity in cars | Smartphone camera makers eye next opportunity in cars -
smartphone-camera

Smartphone camera makers eye next opportunity in cars

: Tuesday, August 12 - 2014 @ 09:07

South Korean smartphone camera makers are tapping the surging yet more technologically demanding market for vehicle cameras to dull the impact of slowing growth in global handset sales, Reuters reported. High-end cars can carry as many as eight cameras to visually aid parking or trigger emergency brakes. That number could reach 12 when cameras replace side-view mirrors, according to Mcnex Co. Ltd, a phone camera supplier of Samsung Electronics Co. As the technology reaches mid- and lower-end cars, the market for vehicle cameras could grow seven-fold from 2011 to nearly $6.6bn in 2018, said Techno Systems Research. That amount can only rise with regulation such as compulsory rear cameras in the US from 2018 to stop drivers backing into pedestrians. Also adding to demand will be the spread of camera-laden self-driving vehicles like those of Google Inc. “We expect the vehicle camera market to experience explosive growth,” Lee Hyo-cheol, a principal research engineer at Korean auto parts maker Hyundai Mobis Co. Ltd, said.

Today's Top Stories

Posted by

Tuesday, August 12- 2014 @ 9:07 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically





JobsVIEW ALL

Search for jobs

Latest Jobs