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Rising demand for autonomous vehicles and increasing need for easy and convenient driving are some key factors supporting market revenue growth
VANCOUVER, BC, CANADA, July 19, 2022 /EINPresswire.com/ -- The global automotive camera market size reached USD 6.92 Billion in 2021 and is expected to register a revenue CAGR of 11.3% during the forecast period, according to latest analysis by Emergen Research. Rising demand for autonomous vehicles and increasing need for easy and convenient driving are expected to support market revenue growth between 2022 and 2030. In addition, implementation of rigorous road safety rules and regulations by governments of different countries is expected to drive revenue growth of the global market. Increasing number of vehicles on road is creating serious problems, such as traffic congestion and increase in road accidents.
The market research report on the Global Automotive Camera market analysis has been carefully curated after studying and observing various factors that determine the growth of the said market, such as the environmental, economic, social, technological, and political status of the regions mentioned. A thorough analysis of the data regarding revenue, production, and manufacturers gives a clear picture of the global scenario of the Automotive Camera market. The data will also help the key players and new entrants understand the potential of investments in the Global Automotive Camera Market Size:
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Some Key Highlights
Passenger vehicles segment is expected to account for a larger revenue share during the forecast period, owing to rapid urbanization and high population growth, along with improving living standards, and high purchasing power of people in many parts of the world.
Infrared camera segment is expected to register a rapid revenue CAGR during the forecast period, due to increasing need for detecting obstacles even from a long range.
Park assist system segment is expected to lead in terms of revenue contribution to the global market over the forecast period, due to increasing need for helping drivers to park vehicles with better precision.
The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Major Players/Manufacturers profiled in the report are:
Intel Corporation (Mobileye, Inc.), Robert Bosch GmbH, Denso Corporation, Continental AG, Magna International, Inc., Valeo S.A., TRW Automotive U.S. LLC, Aptiv Plc, Autoliv, Inc., and Garmin, Ltd.
New business strategies, challenges and policies are mentioned in the table of contents, please request TOC at@ https://www.emergenresearch.com/industry-report/automotive-camera-market
Emergen Research has segmented the global automotive camera market on the basis of vehicle type, technology, application, and region:
Vehicle Type Outlook (Revenue, USD Billion; 2019–2030)
Passenger Vehicles
Commercial Vehicles
Technology Outlook (Revenue, USD Billion; 2019–2030)
Infrared Camera
Thermal Camera
Digital Camera
Application Outlook (Revenue, USD Billion; 2019–2030)
Park Assist System
Lane Departure Warning System (LDWS)
Adaptive Cruise Control (ACC) System
Driver Monitoring System
Autonomous Emergency Braking (AEB) System
Blind Spot Detection (BSD)
Others
A closer look at the aspects including but not limited to market segmentation by the end-user, end-use, geography, type, and application forms an integral part of the research report. In addition, in-depth analysis of critical factors such as spending capability, gross margin, business environment and profit for the forecast period 2022 - 2030 holds critical information and is based on curated facts and logical arguments. Importantly, validation of statistics recent acquisitions and mergers, collaborations and product launches serve as testimonials for stakeholders, field marketing personnel, product manufacturers and business evangelists on how a product will be positioned in the real world in years to come.
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Major Regions Covered in the Automotive Camera Market Report:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Key Reasons to Buy This Report:
The report presents a thorough examination of the Automotive Camera market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
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