Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||909595|
|Published||Content info||274 Pages
Delivery time: 1-2 business days
|Published: July 1, 2020||Content info: 274 Pages||
Global Vehicle Cameras Market to Reach $14.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Vehicle Cameras estimated at US$8 Billion in the year 2020, is projected to reach a revised size of US$14.8 Billion by 2027, growing at aCAGR of 9.2% over the period 2020-2027. Single View System, one of the segments analyzed in the report, is projected to record 8.7% CAGR and reach US$8.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Multi-Camera System segment is readjusted to a revised 9.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 12.1% CAGR
The Vehicle Cameras market in the U.S. is estimated at US$2.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2027 trailing a CAGR of 12.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 7.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.We bring years of research experience to this 7th edition of our report. The 274-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,