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Automotive Camera Market is Anticipated To Reach USD 32280 Million By 2029, Witnessing A Cagr Of 28.5% | Valuates Reports

BANGALORE, India, Jan. 25, 2023 /PRNewswire/ -- Automotive camera Market is Segmented by Type - In-Vehicle Camera, Side View Camera, Rear View Camera, AVMS Camera, Driving Recorder, Others, by Application - OEMs, Aftermarket. Global Opportunity Analysis and Industry Forecast, 2023 - 2029. It is published in Valuates Reports under theAutomotive Industry Category.

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The global Automotive Camera market was valued at USD 5477.2 million in 2022 and is anticipated to reach USD 32280 million by 2029, witnessing a CAGR of 28.5% during the forecast period 2023-2029.

MAJOR FACTORS DRIVING THE GROWTH OF THE AUTOMOTIVE CAMERA MARKET

The global automotive camera market is being boosted by the increase of ADAS (Advanced Driver Assistance System) features including blind spot detection, 360-degree surround view, night vision systems, and parking surround sound in passenger vehicles worldwide.

Sales of automotive cameras are increasing globally due to rising consumer demand for vehicle safety and the adoption of more stringent vehicle safety regulations. This factor is expected to further drive the Automotive Camera market growth.

Browse The Table of Contents And List of Figures At https://reports.valuates.com/market-reports/QYRE-Auto-22K2224/china-automotive-camera

TRENDS INFLUENCING THE GROWTH OF AUTOMOTIVE CAMERA MARKET

The Automotive Camera market will be driven by a rise in demand for rear-view enhancement cameras. Due to the high demand for the use of cameras in dangerous scenarios, such as reversing the car, the rear-view improvement camera category is predicted to dominate the worldwide automotive camera market. Rear-view enhancement cameras give the driver a full view of their surroundings, which aids in improved decision-making and increases vehicle safety. Due to the increased use of interior-view cameras by law enforcement organizations, this market segment is likewise expanding quickly. Thus, it is anticipated that throughout the assessment period, demand for car security systems with cameras will increase significantly.

ADAS Systems in Vehicles to Boost the Automotive Camera market. The automotive camera market is also being driven by an increase in sales of vehicles equipped with ADAS systems, where automotive cameras are essential for providing the driver with image-based inputs. The preference for surround view cameras, which have the ability to image in 360 degrees from top to bottom, is also a factor in the rise in demand for vehicle vision systems. In established regions like North America and Europe, such as Level 4 and Level 5 (Full Automation) ADAS adoption is propelling the automotive camera business.

Internal combustion and fuel-fed engines are increasingly being phased out in favor of cars with electric, hybrid, and solar energy systems, respectively, as a result of technological advancements. The need for manual vehicle control has decreased as a result of the growth of ADAS systems and the development of autonomous technologies. The key reason for making this possible

has been the development of navigation systems put inside vehicles. Manufacturers are focusing more on the intricate software that controls new mobility technologies like ADAS and less on the actual hardware that makes up these systems.

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AUTOMOTIVE CAMERA MARKET SHARE ANALYSIS

With a 30% market share, China has the largest market for automotive cameras. The US holds a 20% market share, making it a follower.

This was mostly attributed to an increase in sales of automobiles with ADAS capabilities and a rise in young consumers' knowledge of vehicle safety in the area. Furthermore, the need for automobile driving cameras in Asia Pacific is being fueled by an increase in sales of high-end and luxury vehicles.

Bosch, ZF (TRW), Continental, Autoliv, Magna Electronics Holly, Mcnex, Panasonic, Aisin, Delphi, Valeo, Sekonix, SMK Electronics, Hella, AEi Boston, 3hvision, Pioneer Electronics, Leopold Kostal GmbH, Candid, Steelmate Co, Truly Semiconductors, Foryou Group, Whetron, etc. are some of the major players. The top 3 companies held 16% of the market.

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Market By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Buy Chapter On Region: https://reports.valuates.com/market-reports/QYRE-Auto-22K2224/china-automotive-camera/4

Key players

  • Panasonic
  • Valeo
  • Magna
  • Continental AG
  • MCNEX
  • Semco
  • LG Innotek
  • Sharp
  • Bosch
  • ZF TRW
  • Tung Thih
  • LG
  • Russia
  • TRW
  • China Automotive

Buy Chapter On Company Profiles: https://reports.valuates.com/market-reports/QYRE-Auto-22K2224/china-automotive-camera/7

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- The global Automotive Camera market was valued at USD 5477.2 million in 2022 and is anticipated to reach USD 32280 million by 2029, witnessing a CAGR of 28.5% during the forecast period 2023-2029.

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- The global edge AI hardware market size was valued at USD 6.88 billion in 2020, and is projected to reach USD 38.87 billion by 2030, registering a CAGR of 18.8% from 2021 to 2030.

- The global Edge Computing market size is projected to reach USD 55930 million by 2028, from USD 8237 million in 2021, at a Compound Annual Growth Rate (CAGR) of 31.1% during 2022-2028.

- The global market for Machine Translation estimated at USD 817.5 million in the year 2022, is projected to reach a revised size of USD 1627.5 million by 2028, growing at a CAGR of 12.2% during the forecast period 2022-2028.

- The global Machine Vision market size is projected to reach USD 11380 million by 2028, from USD 8374.8 million in 2021, at a CAGR of 4.0% during 2022-2028.

- The global Deep Learning market size is projected to reach USD 11910 million by 2028, from USD 2671.2 million in 2021, at a CAGR of 23.6% during 2022-2028.

- The global artificial intelligence market size was valued at USD 65.48 billion in 2020, and is projected to reach USD 1,581.70 billion by 2030, growing at a CAGR of 38.0% from 2021 to 2030.

Click Here To See Related Reports on Automotive Camera Market

About Us:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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