PUBLISHER: Lucintel | PRODUCT CODE: 1079297
PUBLISHER: Lucintel | PRODUCT CODE: 1079297
Automotive Camera Market Trends and Forecast
The future of the global automotive camera market looks promising with opportunities in the compact cars, large cars, and light commercial vehicles. The global automotive camera market is expected to grow at a CAGR of 14.3% from 2021 to 2027. The major drivers for this market are growing demand for advanced driver assistance systems in cars with increasing focus on connected vehicle features, and mandatory government regulations to have a rearview backup camera installed in every vehicle in North America and Europe. The National Highway Transportation Safety Administration (NHTSA) has made it mandatory for all vehicles to install a backup camera system by 2019 due to increase in the number of accidents and injuries in the United States.
Emerging Trends in the Automotive Camera Market
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of recognition camera technology that results in mirrorless cars and the increased usage of wide angle camera technology.
A total of 171 figures / charts and 143 tables are provided in this 261-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global automotive camera market report, please download the report brochure.
Automotive Camera Market by Segments
Lucintel forecasts that digital camera will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global automotive camera market by technology, vehicle, application and region, as follows:
Automotive Camera Market by Technology [Value ($ Million) and Volume (Million Units) from 2016 to 2027]:
Automotive Camera Market by Vehicle Type [Value ($ Million) and Volume (Million Units) from 2016 to 2027]:
Automotive Camera Market by Application ([Value ($ Million) and Volume (Million Units) from 2016 to 2027]:
Automotive Camera Market by Region[Value ($ Million) and Volume (Million Units) from 2016 to 2027]:
United States
Canada
Mexico
Germany
Russia
France
United Kingdom
Italy
China
Japan
India
South Korea
Indonesia
Brazil
Turkey
List of Automotive Camera Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive camera companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive camera companies profiled in this report includes.
Automotive Camera Market Insights
Features of the Global Automotive Camera Market
FAQ
Q1. What is the automotive camera market size?
Answer: The global automotive camera market is expected to reach an estimated $9.5 billion by 2027.
Q2. What is the growth forecast for automotive camera market?
Answer: The automotive camera market is expected to grow at a CAGR of 14.3% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the automotive camera market?
Answer: The major drivers for this market are growing demand for advanced driver assistance systems in cars with increasing focus on connected vehicle features, and mandatory government regulations to have a rearview backup camera installed in every vehicle in North America and Europe. The National Highway Transportation Safety Administration (NHTSA) has made it mandatory for all vehicles to install a backup camera system by 2019 due to increase in the number of accidents and injuries in the United States.
Q4. What are the major applications or end use industries for automotive camera?
Answer: Digital camera is the major segment by product for automotive camera.
Q5. What are the emerging trends in automotive camera market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of recognition camera technology that results in mirrorless cars and the increased usage of wide angle camera technology.
Q6. Who are the key automotive camera companies?
Answer: Some of the key automotive camera companies are as follows:
Q7.Which automotive camera product segment will be the largest in future?
Answer: Lucintel forecasts that light commercial vehicle will remain the largest segment, and it is also expected to witness the highest growth over the forecast period as customers are looking for high-tech and safety features in light commercial vehicles, which will foster growth opportunities for camera suppliers.
Q8: In automotive camera market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific and ROW are expected to witness significant growth over the forecast period because of increasing usage of cameras in small, compact, and large cars and light commercial vehicles.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.