Overview
Automotive cameras are used in the automotive industry to help the driver with parking, to improve vehicle performance, and for night vision and to collect evidence. The growing concern for the safety of the vehicles, passengers and increasing Technological advancement is driving the growth of automotive camera market size. The automotive camera makes the reversing of the car easier by providing real-time images of the surroundings and recommending the perfect angle to turn the vehicle. It gives an easy way to vehicle parking. It is designed to provide high-quality images and videos to increase the safety of the drivers.
The automotive camera is added with advanced technology like computer vision algorithms that can collect the important data that help the driver. Its automotive camera application is wide in the automotive sector. The automotive camera is installed on the front sides of a vehicle and also inside for safety purposes. These cameras help in maintaining a safe distance from leading vehicles, avoiding them, and tracking them. Also, they give a great night vision, and it also gives an alarm in case of any trouble. It gives a great experience to the drivers by ensuring their safety.
This report highlights the global automotive camera market is expected to grow at $ 19 billion by 2923 that too with a CAGR rate of 19% in the forecast period. To reduce accidents, the government sector is mandating these safety features for vehicles, and with the automotive camera market size is expected to grow at a significant rate. The sales of automobiles need sensor cameras and a rise of road safety importance to boost automotive camera market growth. The increasing influence of new car assessment programs is one of the major factors that will boost automotive camera market growth in upcoming years.
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Market segmentation
The automotive camera industry can be divided on the basis of camera type, vehicle type, application type, and regions. By camera type, the automotive camera industry is segmented into digital camera z thermal camera, infrared camera. The vehicle type of the automotive camera market includes passenger cars and commercial vehicles. The application segment of the automotive camera market includes adaptive cruise control, blind-spot detection, lane departure warning, park assistant system, night vision, road sign recognition, driver monitoring, and pedestrian detection. The region segment of the automotive camera market includes regions such as North America, Europe, and the Asia Pacific.
Regional overview
The major regions of the automotive camera market are North America, Europe, Asia Pacific, and other regions in the world. North America has the highest automotive camera market share, and it is dominating the market right now due to high-speed connectivity, and strong economy, and increasing demand for luxury vehicles in this region. Europe has the second-highest automotive camera market share due to the Increasing demand for safety technologies in passenger cars. The automotive camera market size will increase rapidly in the Asia Pacific regions due to the increasing number of automobile production, and rising standard of living will boost the automotive camera market trends in coming years.
Industry news
The covid-19 pandemic has become a major concern for businesses around the world, and it is the same for the automotive sector. Due to stopped vehicle production and supply disruptions, the automotive industry is going through a tough time, and it is reducing the automotive camera market trends. Major camera providers have announced the suspension of production due to the reduced demand. The key players are trying their best it increases the automotive camera market growth. And it is expected that the market demand will grow rapidly after the post-covid-19 situation.
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Key Questions Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this market?
- What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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