Monday, April 7, 2014

Suppliers Biggest Beneficiaries Of Backup Camera Mandate

backup-camera

With the mandate that all vehicles post-2018 possess backup cameras set to begin its ramp up in 2016, suppliers will be the biggest beneficiaries of a growing safety market.

Automotive News reports current cameras supplied by Magna — who claims the largest piece of the market by 40 percent — Delphi, Panasonic, Gentex and Valeo already meet the standards set by the National Highway Traffic Safety Administration, though Magna's director of image vision systems Joel Gibson believes the cameras will receive rapid upgrades in order to meet consumer expectations of high-resolution images like those found on current smartphones.

In turn, the cameras could drive business toward more safety systems — including pedestrian detection, automated parking and blind-spot alerts — that would compliment a 360-degree situational awareness system.



from The Truth About Cars http://ift.tt/Jh8LjA

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