Automotive Camera Market Global Briefing and Future Outlook 2022 to 2028

An automotive camera is a kind of on board camera that is used to capture high quality video to extend the visibility for the driver. Such kind of feature is widely used for ensuring the safety of the passengers travelling in the vehicle. Such cameras assist the driver at parking sports, traffic signals and many such instances. Automotive camera market is anticipated to grow rapidly across the world in coming years.

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Companies Profiled in this report includes:  Aptiv, Autoliv Inc., Continental AG, FLIR Systems, Inc., Gentex Corporation, Magna International Inc., Mobileye, Robert Bosch GmbH, STONKAM CO.,LTD, Valeo

MARKET SEGMENTATION

Based on application, the global automotive camera market is segmented into Park Assist and ADAS.

On the basis of type, the market is segmented into Mono camera, surround view camera and rear view camera.

Based on vehicle type, the market is bifurcated into passenger cars and commercial vehicle.

On the basis of level of autonomy, the market is segmented into L1, L2 and L3, L4 and L5.

MARKET DYNAMICS

Drivers:

Increasing production of vehicles in many developing countries of Asia.

Rising urbanization and increasing per capita disposable income to boost market growth of automotive cameras.

Restraints:

Unorganized retail sector in few developing countries

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IMPACT OF COVID-19 ON AUTOMOTIVE CAMERA MARKET

The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. This pandemic restricted movement of people from one place to another. Overall demand for vehicles was weakened to a great extent. All the mentioned factors have affected automotive camera market negatively. However, post pandemic, this market is expected to grow remarkably.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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