Press release
Automotive Backup Camera Market Comprehensive Insights and Trends 2018 to 2021
Our analysts forecast the global Automotive Backup Camera market to grow at a CAGR of 13.03% during the period 2017-2021
An automotive backup camera, also known as reversing camera or rear-view camera, is attached to the rear end of the vehicle to alleviate the rear blind spot and aid in reversing the vehicle. Global Automotive Backup Camera Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Essential points covered in Global Automotive Backup Camera Market 2018 Research are:-
•What will the market size and the growth rate be in 2021?
•What are the key factors driving the Global Automotive Backup Camera market?
•What are the key market trends impacting the growth of the Global Automotive Backup Camera market?
•What are the challenges to market growth?
•Who are the key vendors in the Global Automotive Backup Camera market?
•What are the market opportunities and threats faced by the vendors in the Global Automotive Backup Camera market?
•What are the key outcomes of the five forces analysis of the Global Automotive Backup Camera market?
This independent 110 pages report guarantees you will remain better informed than your competition. With over tables and figures examining the Automotive Backup Camera market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
Furthermore, the report provides a detailed analysis of the Global Automotive Backup Camera market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.
The market is divided into the following segments based on geography: APAC, Europe, North America, ROW
Companies Mentioned are: Bosch, Continental, Delphi*, DENSO, Magna International, and Valeo.
Other prominent vendors: OMRON, Schneider Electric, Texas Instruments, Keysight Technologies, Yokogawa Electric, and Anritsu.
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IndustryDataAnalytics Announces the Publication of its Research Report: Global Automotive Backup Camera Market 2018-2021
Commenting on the report, an analyst from IndustryDataAnalytics team said: One trend in the market is increased usage of wide-angle camera technology. Road accidents and traffic have increased immensely in past few years owing to the increase in the number of passenger cars, trucks, and buses, across all regions. The safety of both the passengers and vehicles is an ever-growing concern among the governments and automobile manufacturers. This, in turn, has led to the introduction of several safety measures and organizations to ensure the safety and security of the passengers and pedestrians.
Market challenge
High price of backup camera
For a full, detailed list, view our report
Market trend
Increased usage of wide-angle camera technology
For a full, detailed list, view our report
According to the report, one driver in the market is rising number of fatalities leading to increased adoption of backup camera. The growing number of road accidents causing severe injuries and fatalities have been a major reason for the adoption of the automotive backup camera. The yearly total social cost for all road fatalities is estimated to be in billions in Europe. To reduce the fatalities, European legislations promote or encourage the inclusion of more safety systems in vehicles.
Further, the report states that one challenge in the market is high price of backup camera. Backup camera is a safety feature that provides the drivers with more precise and safer driving experience while reversing the vehicle. Earlier, it was mostly offered as an optional feature in the premium and luxury brands; however, now it is increasingly being equipped in vehicle makes and models due to regulatory push and convenience.
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https://www.industrydataanalytics.com/global-automotive-backup-camera-market-2018-to-2022-tech01869-p.php
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About us:
Industrydataanalytics provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. Industrydataanalytics has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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