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Automotive Cameras Market to witness growth of USD 65.55 Bn by 2029 Technological Advancements, Government Regulations and Growth Opportunities

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Automotive Cameras Market to witness growth of USD 65.55 Bn by 2029 Technological Advancements, Government Regulations and Growth Opportunities

December 07
05:32 2022
Automotive Cameras Market to witness growth of USD 65.55 Bn by 2029 Technological Advancements, Government Regulations and Growth Opportunities
Automotive Cameras Market
The Automotive Cameras Market size was valued at US$ 22.5 Bn. in 2021 and the total revenue is expected to grow at 14.3% of CAGR through 2022 to 2029, reaching nearly US$ 65.55 Bn.

Pune, 06, Dec2022: Maximize Market Research is a leading automotive and transportation research firm that has delivered a detailed analysis of the Automotive Cameras Market. The report includes key business insights, demand analysis, pricing analysis and competitive landscape. The report expects the market to grow from USD 22.5 Billion in 2021 to USD 65.55 Billion by 2029 at a CAGR of 14.3 percent during the forecast period from 2022 to 2029. 

Automotive Cameras Market Scope and Research Methodology

The report is a detailed analysis of the Automotive Cameras Market by country, regional and global presence. Using data over a span of 10 years, current and future trends in the Automotive Cameras Market are presented in the report along with growth rate and market size forecasts using historical data. Regional analysis of the market is conducted at local, regional and global levels for a better understanding of the market penetration, competitive structure, pricing and demand analysis.

For the competitive analysis of the Automotive Cameras Market, key players in the industry are listed by region, revenue, financial status, portfolio, technological advancements adopted, mergers and acquisitions, joint venture and strategic alliances in detail. New entrants in the market are also listed with an analysis of their growth prospects and future business outlook. Such analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the Automotive Cameras Market for formulating investment approaches and marketing tactics to well promote the product in the market.

For market sizing, bottom-up approach was employed to validate the market size of different segments. Data was collected employing both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, subject experts and marketing professionals were included in the primary methods. Secondary data was collected from a list of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases. For a detailed study of the interplay of various factors affecting the market, regression analysis was used.  SWOT analysis was conducted to understand the strengths and weaknesses of key companies and PESTLE to grasp the various factors affecting the market. 

To remain ‘ahead’ of your competitors, request for a sample @ https://www.maximizemarketresearch.com/request-sample/21753 

Automotive Cameras Market Overview

Automotive Cameras are mounted to assist the driver while parking or manoeuvring the vehicle. The cameras are also used to assess the performance of the vehicle. These camera sensors are positioned inside as well as outside the car which can be used for the machine as well as human vision. Technology and the usage of imaging algorithms convert the raw feed into usable data for an application. Stringent government regulations regarding safety are driving the Automotive Cameras Market growth.

Automotive Cameras Market Dynamics

Automation in the automotive industry has significantly contributed to its growth. Cars are getting smarter with advancements in technology. The autonomous vehicles industry is expected to grow at a CAGR of 14.3 percent. This rapid growth is expected to drive the Automotive Cameras Market growth over the forecast period.

Governments across the world are legislating laws to reduce the number of accidents. Vehicle manufacturers have to take due care to meet strict government regulations, enhancing the safety of the vehicle. Automotive cameras help reduce the incidence of such mishaps with features such as automotive night vision and driver monitoring systems. Such regulations are expected to boost the Automotive Cameras Market growth.

Technological advancements in the Automotive Cameras Market are expected to increase the demand for cameras to increase the safety of the passengers in the vehicle. The adoption of data analytics and AI is expected to increase the efficiency of the cameras, thereby resulting in the growth of the Automotive Cameras Market.

Automotive Cameras Market Regional Insights

The Asia-Pacific region is expected to witness the fastest growth over the forecast period. The growth in the region is attributed to the concentration of key market players in the region. This increases competition between the companies, thereby increasing the Automotive Cameras Market growth. Developing economies in the region, on account of economic growth have increased disposable income which they are willing to spend on luxury cars. Increased investments in electric vehicles are boosting its production in the region. These factors coupled together are expected to increase the Automotive Cameras Market growth.

Automotive Cameras Market Segmentation: 

By Application: 

  • Night Vision Recording
  • Parking Assist System
  • Blind Spot Detection
  • Lane Departure System
  • Other ADAS Systems

By Technology: 

  • Digital
  • Thermal
  • Infrared

By Vehicle Type: 

  • Passenger Vehicles
  • Commercial Vehicles

Automotive Cameras Market Key Manufacturers include: 

  • Aptiv Plc.
  • Robert Bosch GmbH
  • Veoneer, Inc.
  • Siemens AG
  • Magna International, Inc.
  • Valeo S.A
  • Omnivision Technologies Inc.
  • ZF Friedrichshafen AG (TRW Automotive)
  • Ambarella, Inc.
  • Panasonic Corporation
  • Hella
  • Ficosa International S.A.
  • Delphi Automotive PLC
  • Sony Corporation
  • Denso Corporation
  • Mobileye
  • Continental AG
  • Autoliv, Inc.
  • Valeo S.A.
  • TRW Automotive
  • Aisin Seiki
  • McNex Co., Ltd.
  • Qrontech Co. Ltd.

Key questions answered in the Automotive Cameras Market are: 

  • What are Automotive Cameras? 
  • What is the current growth rate of the Automotive Cameras Market?  
  • What is the growth rate of Automotive Cameras Market for the forecast period? 
  • What is the nature of competition in Automotive Cameras industry in developed and developing economies? 
  • Who are the key players in the Automotive Cameras Market?
  • Who are the market leaders in Automotive Cameras in Europe?
  • Who are the market leaders in Automotive Cameras in USA and Canada?
  • Who are the market leaders in Automotive Cameras in India, China, Japan and South Korea?
  • What are the factors affecting growth in the Automotive Cameras Market? 
  • Who held the largest market share in Automotive Cameras Market? 
  • What are the factors for the growth of Asia-Pacific region in Automotive Cameras Market?

For Detailed insights on this market, request for methodology here @ https://www.maximizemarketresearch.com/request-sample/21753 

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Application, Technology, Vehicle Type and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading automotive and transportation research firm, has also published the following reports:

Autonomous / Self-Driving Cars MarketThe Autonomous / Self-Driving Cars Market size is expected to reach USD 56.46 million by 2029 at a CAGR of 13.5 percent during the forecast period. The Autonomous / Self-Driving Cars Market is expected to be driven by demand for luxury cars and technological advancements. 

EV Test Equipment MarketThe EV Test Equipment Market size is expected to reach USD 241.63 million by 2029 at a CAGR of 24.9 percent during the forecast period. The EV Test Equipment Market is expected to be driven by government regulations and improved safety and performance of electric vehicles.

Automotive Biometric Seat Technology Market –The Automotive Biometric Seat Technology Market size is expected to reach USD 372 million by 2029 at a CAGR of 9.18 percent during the forecast period. The Automotive Biometric Seat Technology Market is expected to be driven by technological advancements and the growth of the automotive industry.  

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

[email protected]

+91 96071 95908, +91 9607365656

Media Contact
Company Name: MAXIMIZE MARKET RESEARCH PVT. LTD.
Contact Person: Geeta Yevle
Email: Send Email
Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,
City: Pune
State: Maharashtra
Country: India
Website: https://www.maximizemarketresearch.com/market-report/global-automotive-cameras-market/21753/

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