Automotive Camera Module Market Growing Demand, Share, Size and Forecast 2021-2027

The “Automotive Camera Module” Market report provides details on the latest recent developments, trade regulations, import-export analysis, analysis of production, value chain optimization, market share, impact of players on the national and localized market, analysis of opportunities in terms of emerging income pockets, changes in market regulations, strategic analysis of the market growth, market size, market growth of categories, application and domain niches, product approvals, product launches, geographic expansions, technological innovations in the market.

“The Automotive Camera Module Market is predicted to register a CAGR of 11.89% over the forecast period 2021 – 2027.”

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Key Competitors of the Automotive Camera Module market is: Panasonic, Valeo, Magna, Continental, MCNEX, SEMCO, LG Innotek, Sharp, Bosch, ZF TRW, Tung Thih

Industry News:

Panasonic has acquired 19 companies, including 10 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 7 assets.

Panasonic’s largest acquisition to date was in 2021 when it acquired Blue Yonder for $8.5B. Its largest disclosed sale occurred in 2013 when it sold PHC Holdings to L Catterton Partners for $1.7B. Panasonic has acquired in 9 different US states, and 8 countries. The Company’s most targeted sectors include software (28%) and electronics (17%).

This report Provides intelligent marketing research for smarter decision-making and resource investment estimation. The report discusses these elements and describes the main players that are expected to extend the demand for the Automotive Camera Module market within the upcoming years.

Automotive Camera Module market report introduces some features and provides a basic view of the most players. In this report provides a comprehensive and in-depth review of the market. The players are likewise presenting newer product varieties within the market to reinforce the merchandise portfolio by embracing the new innovation and completing it in their business.

The Automotive Camera Module market is often split supported product types, major applications, and important countries as follows:

Major Types covered are:

Back Camera

Front Camera

Others

Major Applications covered are:

Sedan

SUV

Others

Market Overview

Increase in demand for automobiles, increasing concern for safety among customers, mandatory government norms, advanced innovations, rapid adoption of ADAS, and availability of low-cost parking cameras and sensors in the aftermarket are some of the major drivers of growth of Automotive Camera Module market.
However, the high cost of the module has been slightly hindering the market growth. ADAS like Adaptive cruise control (ACC), Forward Collision Warning System (FCWS), and Automatic Emergency Braking (AEB) requires 3 to 6 cameras to be installed on the vehicle. These cameras in an automotive cost almost 8 times the module in a mobile phone camera, making it a challenge for entry into the market.
Thermal camera and multi camera systems are expected to exhibit the highest growth rate in sensing camera and application segments during the forecast period.
Latest advancements in the camera technology such as 360 degrees camera that stitch the images from multiple cameras and display a consolidated image on split screen and mass production of these units are expected to bring down the price drastically, creating a scope of venture in the sector.

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India is expected to have fastest growth rate

The disposable income of customers is increasing. Despite the aforementioned factor, automotive sales (especially passenger cars) have declined in 2019 but the market is expected to show a good growth rate in the coming years. In the Asia Pacific, the ADAS market is exhibiting a growth rate of 20.01% due to a faster adoption rate among customers. Various OEMs are now introducing parking assist systems (earlier installed in luxury segment cars only) in mid and small segment cars such as Maruti Ignis, Hyundai Grand i10 to create a point of differentiation from other OEMs

Regional market Automotive Camera Module (regional production, demand and forecast by country):

North America (United States, Canada, Mexico)

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situation, most important trade models, and consequently the possibly headways in services with the aid of using crucial gamers inside the upcoming years.

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Report Features:

To project the worth and sales volume of the Automotive Camera Module market, with reference to key regions.
To analyses competitive developments like expansions, agreements, new product launches, and acquisitions within the market.
To study and analyses the global Automotive Camera Module market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
to know the structure of the Automotive Camera Module market by identifying its various sub-segments.
To percentage targeted records approximately the important thing elements influencing the enlargement of the market (increase potential, opportunities, industry-particular challenges, and risks).

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