Lucintel Blog: Automotive Camera Market is anticipated to grow at a CAGR of 14.3% during 2022-2027

Monday, June 20, 2022

Automotive Camera Market is anticipated to grow at a CAGR of 14.3% during 2022-2027

The global automotive camera market is projected to reach $7.9 billion by 2027, at a CAGR of 14.3% during 2022-2027. The growth of automotive camera market is driven by 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.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the automotive camera market by technology (digital cameras, thermal cameras, and infrared cameras), vehicle type (small cars, compact cars, large cars, SUVs and crossovers, and light commercial vehicles), application type (rear view cameras, front view cameras, side view cameras, and interior view cameras), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the automotive camera market?

Q.4 What are some changing demands of customers in the automotive camera market?

Q.5 What are the new developments in the automotive camera market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this automotive camera area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this automotive camera market?

Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of recognition camera technology that results in mirrorless cars and the increased usage of wide angle camera technology.

Download Brochure of this report by clicking on https://www.lucintel.com/automotive-camera-market.aspx

Market Segmentation:

Based on vehicle type, the automotive camera market is segmented into small cars, compact cars, large cars, SUVs and crossovers, and light commercial vehicles. The light commercial vehicles segment accounted for the largest share of the market in 2020 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.

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.

Key Players in the automotive cameras market are Robert Bosch, Continental AG, Gentex, Magna, Valeo, and Panasonic Corporation.

Request Sample Pages by clicking on

https://www.lucintel.com/automotive-camera-market.aspx

The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/automotive-camera-market.aspx

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

Related reports

Automotive Semiconductor Market:

For more details click here https://www.lucintel.com/automotive-semiconductor-market.aspx

Automotive Camera Market:

For more details click here https://www.lucintel.com/automotive-camera-market.aspx

Automotive HMI Market:

For more details click here https://www.lucintel.com/automotive-human-machine-interface-market.aspx

Automotive Fuel Delivery System Market:

For more details click here https://www.lucintel.com/automotive-fuel-delivery-system-market.aspx

Automotive Ambient Lighting Market:

For more details click here https://www.lucintel.com/automotive-ambient-lighting-market.aspx