Automotive Camera Market Report 2022 To 2030 By Top Key Players, Types & Applications
The Automotive Camera market crossed US$ 6.8 billion mark in 2022 and is expected to hit US$ 12.0 billion by 2030, recording a CAGR of 10.4% during the forecast period.
The increasing demand for safety and driving comfort features and the growing adoption of advanced cameras in vehicles are among the key factors driving the automotive camera market growth. The emergence of the COVID-19 pandemic has had a severe impact on the automotive industry across the world. The negative impact of the pandemic is witnessed in terms of the supply chain disruptions in part exports from China; interruptions in large-scale manufacturing across Europe; and the closure of assembly plants in the US, India, Brazil, and other major countries, where the automotive sector highly contributes to the GDP. The increasing demand for electric vehicles would create potential growth opportunities for the market in the coming years. The complicated wiring connections and increasing advanced technology usage require expensive small components. Using these components increases the installation cost of cameras, which restrains the growth of the automotive camera market.
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The report covers an in-depth analysis of the key market players within the market
- Aptiv PLC
- Autoliv Inc
- Continental AG
- FLIR Systems, Inc.
- Gentex Corporation
- Magna International Inc
- Robert Bosch GmbH
- STONKAM CO., LTD.
Growing Advancement in the Advanced Driver Assistance System (ADAS) is one of the major factors accelerating Automotive Camera Market growth.
The growing advancement in the advanced driver assistance system (ADAS) is fueling the growth of the automotive camera market. The ADAS technology has improved the driving experience with added features, including stability controls, lane monitoring, and emergency braking. The system comprises technologically equipped sensors, such as radar sensors, cameras, LiDAR, ultrasonic sensors, infrared, and several actuators. The ongoing adoption of electric vehicles owing to stringent government regulations for carbon emissions is boosting the demand for ADAS, thereby driving the automotive camera market. In addition, the favorable regulatory policies for incorporating safety and comfort features in the automotive vehicles fuel the automotive camera market growth.
Recent strategic developments in the Automotive Camera Market
The Automotive Camera market has undergone several significant developments, and a few of these have been mentioned below:
- In November 2021, Autoliv and SSAB collaborated to develop fossil-free steel from SSAB to manufacture automotive safety products.
- In April 2022, Valeo developed a one hundred millionth automotive nearfield camera at the Tuan site in Ireland. It is used to provide rear and surround view of the vehicle.
In this report, the market has been segmented on the basis of:
Automotive Camera Market by Types:
- Mono Camera
- Surround View Camera
- Rear View Camera.
- By Vehicle Type:
- Passenger Cars
- Commercial Vehicles.
- By Level of Autonomy:
Automotive Camera Market by Applications:
- Park Assist
Asia Pacific (APAC)
South & Central America
Middle East & Africa
The “Automotive Camera Market” forecast 2030 report analyses the present and future competitive scenario of the analytics industry. Automotive Camera Market report offers an in-depth analysis on segments including top companies, products, applications, revenue and regions. a number of topics including likewise market share, drivers, trends and methods. This report additionally offers insights into the latest growth and trends. It encapsulates key aspects of the market, with focus on leading key player’s areas that have witnessed the highest demand, leading regions and applications.
Market Analysis and Insights: Automotive Camera Market
Automotive Camera Market report elaborates the market size, market characteristics, and market growth of the Automotive Camera industry, and breaks down according to the type, application, and consumption space of Automotive Camera. The report also conducted a PESTEL analysis of the industry to check the most influencing factors and entry barriers of the industry.
Some of the key queries answered in this report:
-What can we estimate about the anticipated growth rates and also the Automotive Camera industry size by 2030?
-What will happen in the coming existing and emerging markets?
-Which are the five top players within the Automotive Camera market?
-How can the Automotive Camera market change in the upcoming years?
-Which product and application will take a share of the Automotive Camera market?
-What will be the CAGR and size of the Automotive Camera market throughout the forecast period?
-What are the market opportunities and challenges two-faced by the key vendors?
-Who are the major competitors and what is their strategy?
-What are the barriers to entry for new players in the market?
-What would be the upcoming Automotive Camera market behaviour forecast with trends, challenges, and drivers for development?
-What business opportunities and dangers are faced by vendors in the market?
-Which would be Automotive Camera industry opportunities and challenges have faced by most vendors in the market?
-What will be the outcomes of this market SWOT five forces analysis?
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