- Increasing popularity of autonomous vehicles globally is estimated to create revenue-generation opportunities in the automotive camera cleaning system market
- Rise in understanding on vehicle safety among population from many nations from Europe is resulting in increased revenue gains for automotive camera cleaning system producers in the region
ALBANY, N.Y., Feb. 17, 2022 /PRNewswire/ -- According to a study by Transparency Market Research (TMR), the global automotive camera cleaning system market is estimated to gain the valuation of US$ 1.6 Bn by 2031. This growth can be ascribed to several factors such as rise in the demand for comfort and safety in vehicles.
The demand for automotive camera cleaning systems is being observed more in nations where temperatures are low, as possibilities of deposition of mud and snow on camera lenses are high in these regions, states the TMR report on the global automotive camera cleaning system market.
Several automotive camera cleaning system producers are increasing R&D projects in order to incorporate advanced features in their products. This factor is fueling the expansion of the automotive camera cleaning system market.
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Automotive Camera Cleaning System Market: Key Findings
- With rise in focus of automakers on driver safety, many vehicle producers are incorporating advanced driver assistance systems (ADAS) in their products, specifically in passenger vehicles. The demand for camera cleaning solutions is being increased across the globe, as they help in preventing injury to passengers and pedestrians. This factor is expected to create notable business prospects in the global automotive camera cleaning system market during the forecast period, notes a study by TMR.
- While the popularity of autonomous vehicles is increasing across the globe, such vehicles are dealing with several problems such as identification of surroundings, obstacles recognition, and act securely based on these understandings. Moreover, one more challenge in these vehicles is maintaining cleanliness of sensors in these vehicles. At present, there are several camera cleaning systems available in the market; majority of them is used for parking-aid cameras, including the rear-view camera. Such cleaning systems are gaining traction, owing to their cost-effective and durable nature. Moreover, these cleaning systems require less fluid in comparison to headlamp cleaning system. On the back of these advantages, the demand for automotive camera cleaning systems is increasing, which, in turn, is bolstering the global automotive camera cleaning system market.
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Automotive Camera Cleaning System Market: Growth Boosters
- Increase in the focus of automakers on decreasing the risk of miss-events while driving vehicles is projected to lead to ample opportunities in the automotive camera cleaning system market during the forecast period
- Government authorities of many nations globally are implementing stringent regulations in order to improve the vehicle safety. This factor is fueling the demand for automotive camera cleaning systems around the world.
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Automotive Camera Cleaning System Market: Regional Analysis
- The automotive camera cleaning system market in Europe is expected to experience promising growth prospects during the forecast period, owing to factors such as surge in understanding about security and safety among the regional population. Moreover, expanding demand for cameras in order to achieve vehicle safety in varied applications, including parking camera systems and 360 camera systems is creating prominent business opportunities in the Europe automotive camera cleaning system market.
- The Asia Pacific automotive camera cleaning system market is projected to gain lucrative prospects in the upcoming years, on the back of the booming automotive industry in the region and the presence of many automotive camera cleaning system manufacturers in this region
Automotive Camera Cleaning System Market: Key Players
Some of the key players profiled in the report are:
- Denso Corporation
- Continental AG
- Ficosa Internacional SA
- dlhBOWLES
- MAGNA ELECTRONICS INC.
- KAUTEX TEXTRON GMBH & CO. KG
- Panasonic Corp.
- MS FOSTER & ASSOCIATES, INC.
- Shenzhen Mingshang Industrial Co., Ltd.
- Seeva Technologies
- Waymo
- Valeo SA
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Automotive Camera Cleaning System Market Segmentation
Vehicle Type
- Passenger Vehicle
- Hatch Back
- Sedan
- Utility Vehicles
- Commercial Vehicle
Application
- Parking Camera
- Front Camera
- Interjection Camera
- Night Vision Camera
- Mirror Camera
- CMS Camera
- Nozzle Type
- Fixed Nozzle
- Telescoping Nozzle
- Nano Nozzle
Sales Channel
- OEM
- Aftermarket
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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