Market Size – USD 6.13 Billion in 2019, Market Growth – CAGR of 12.5%, Market Trends – Adoption of technology in the automobile sector.
The global Automotive Camera Market is projected to reach USD 15.74 billion by 2027, according to a recent report by Emergen Research. The growth of the market is driven by growing advancements in sensors crafter around cameras used for driving assistance, automotive safety systems, and aftermarket sales of parking cameras. Current advancements within the camera technology in conjunction with massive production output of the merchandise area unit is expected to lower the cost of technology drastically, which is able to produce large market potential within the close to future.
Increasing demand for sensing cameras in advanced automobiles help driver at various situations and is thereby anticipated to drive automotive camera trade growth over the succeeding years. High demand of the merchandise primarily within the traveler cars is anticipated to propel trade size. China and Republic of India area unit probably to drive product demand in light-weight of growing automotive half manufacture hubs and an oversized variety of suppliers within the market.
In automotive cameras, the growth of the market is primarily driven by the rising application areas of complementary metal-oxide semiconductor (CMOS) image sensors. The market is probably going to witness a surge in demand for safety solutions safety systems and driver help as well as ), LDWS (lane departure warning system), BSD (blind spot detection system), FCW (forward collision warning system), and pedestrian protection as well as head-up displays
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
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Key participants include Denso, Autoliv, Robert Bosch, Omnivision Technologies Inc., Valeo, Aptiv, Continental, Hyundai Mobis, Hitachi and Kyocera Corporation
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
Light Commercial Vehicles
Heavy Commercial Vehicles
Applications Outlook (Revenue, USD Billion; 2017-2027)
Park Assist System
Lane Departure Warning System
Adaptive Cruise Control System
Autonomous Emergency Braking System
Blind Spot Detection
Technology Outlook (Revenue, USD Billion; 2017-2027)
Helping you establish a strong foothold in the industry
The Automotive Camera report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the market leaders to create premium positioning strategies as well as attract broadest share.
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The research provides answers to the following key questions:
What is the estimated size of the Automotive Camera market for the forecast period, 2020 – 2027? What will be the growth rate of the industry during the estimated period?
What are the prominent driving forces likely to impact the progress of the industry across different regions?
Who are the major market players occupying a strong foothold in the Automotive Camera market? What are the winning strategies adopted by them to stay ahead in the competition?
What are the potential opportunities for the Automotive Camera market for the forecast period, 2020 – 2027?
What are the key trends expected to shape the development of the industry over the coming years?
What are the key restraints and challenges likely to hinder the growth of the Automotive Camera market worldwide?
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