PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421567
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421567
The global car camera cleaning systems market size is expected to reach USD 4,401.80 million by 2032, according to a new study by Polaris Market Research. The report "Car Camera Cleaning Systems Market Share, Size, Trends, Industry Analysis Report, By Vehicle Type (Passenger Cars and Commercial Vehicles); By Application; By Sales Channels; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising integration of innovative and advanced sensor systems into camera cleaning systems, which allow them to easily detect the presence of dust, dirt, or even water droplets on camera lenses, and the surging focus of manufacturers on prioritizing the implementation of these systems into passenger vehicles in order to cater a broader market segment and meeting expectations of consumers, are among the prominent factors fostering the global market growth.
Moreover, with the continuous rise in the production and sales of cars across the world, rising consumer disposable income, and surging awareness about the availability of new and developed safety technologies along with the growing introduction to autonomous vehicles equipped with a large number of cameras requiring efficient cleaning systems, the demand for the product is likely to increase substantially soon. For instance, in June 2023, Minus Zero unveiled India's first self-driving car named zPod, which is like a toaster in shape like other autonomous vehicles globally. The newly launched vehicle does not have a steering wheel; instead, it uses a series of high-resolution cameras.
In addition, there has been a drastic increase in the rate of urbanization and traffic congestion worldwide, which, in turn, fueling the need for advanced driver-assistance systems that aid in navigation and collision avoidance, which further creates a huge demand for efficient camera cleaning systems to ensure these systems operate optimally and reduce the number of accidents happening due to road congestion mainly in highly populated regions.
For instance, according to a report by Global Traffic Scorecard, a typical US driver is estimated to lost around 51 hours due to the congestion in 2022, which is approx. 15 more hours were lost to congestion compared to 2021.
Polaris Market Research has segmented the car camera cleaning systems market report based on vehicle type, application, sales channels, and region: