According to a new market report published by Lucintel, the future of the global automotive camera market looks promising with opportunities in the markets of compact cars, large cars, and light commercial vehicles. The global automotive camera market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $7.9 billion by 2025 with a CAGR of 14% to 16% from 2020 to 2025. 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.
Browse 143 market data tables and 171 figures spread through 261 pages and in-depth TOC on “Global Automotive Camera Market"
To download report brochure, please go to https://www.lucintel.com/automotive-camera-market.aspx and click "report brochure" tab
In this market, different types of automotive camera such as digital cameras, thermal cameras, and infrared cameras are used as technology. On the basis of its comprehensive research, Lucintel forecasts that the digital camera and thermal camera segments are expected to show above average growth during the forecast period.
Within the global automotive camera market, the light commercial vehicle segment will remain the largest market. Customers are looking for high-tech and safety features in light commercial vehicles, which will foster growth opportunities for camera suppliers.
North America will remain the largest market due to the new regulation that has been passed by the U.S. government to install rear view camera in every vehicle, growing demand for comfort and luxury in vehicles, and increasing investment by industry players within the North American region.
Emerging trends, which have a direct impact on the dynamics of the automotive camera by industry, include the introduction of recognition camera technology that results in mirrorless cars and the increased usage of wide angle camera technology. Robert Bosch, Continental AG, Centex, Magna, Valeo, and Panasonic are among the major automotive camera manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global automotive camera market by technology, vehicle, application, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Automotive Camera Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive camera market by technology, vehicle, application, and region as follows:
By Technology ($ Million and Million Units from 2014 to 2025):
Digital Camera
Thermal Camera
Infrared Camera
By Vehicle Type ($ Million and Million Units from 2014 to 2025):
Small Cars
Compact Cars
Large Cars
SUV and Crossover
Light Commercial Vehicles
By Application ($ Million and Million Units from 2014 to 2025):
Rear View Cameras
Front View Cameras
Side View Cameras
Interior View Cameras
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Russia
Italy
Asia Pacific
China
India
Japan
South Korea
Indonesia
The Rest of the World
This 261-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-camera-market.aspx or helpdesk@lucintel.com.
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.