South Korean Camera Makers Shift Focus to Vehicle Cameras

Market Shift in Camera Technology

South Korean camera phone makers are looking for alternative markets to boost their sales as the handset segment has taken a bit of a hit recently.

Focus on Vehicle Cameras

These manufacturers have now turned their attention to vehicle cameras, as premium cars can have as many as 8 cameras to visually aid in parking maneuvers.

Impact of New Regulations

Additionally, with the new regulation making rear cameras a compulsion in the US from 2018, this vehicle camera market is projected to be worth 6.6 billion USD.