Press release
Automotive Camera Industry Will Surge to reach US$ 30,140.14 million by 2028 at 24.3%
The automotive camera market is expected to grow from US$ 6,911.10 million in 2021 to US$ 30,140.14 million by 2028. It is estimated to grow at a CAGR of 24.3% from 2022 to 2028.Players in the automotive camera market are expected to have lucrative opportunities in the coming years, owing to the increasing demand for safety and driving comfort features. With the development of science and technology, automotive technology is improving rapidly. Also, automotive safety technology is involved gradually in all aspects of a car
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The growing adoption of advanced cameras in vehicles is driving the automotive camera market. The leading players providing the automotive cameras are significantly adopting advanced technologies. For instance, in May 2021, StradVision, a leading company in AI-based vision processing technology for autonomous vehicles and automotive ADAS, introduced the latest features of camera perception software named "SVNet". SVNet, a deep learning-based perception software, supports ADAS features, including highway driving assist and automated valet parking.
Global Automotive Camera Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2019 to 2028.
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Automotive Camera Market Insights
The growing advancement in the advanced driver assistance system (ADAS) is fueling the growth of the automotive camera market. The ADAS technology has improved the driving experience with added features, including stability controls, lane monitoring, and emergency braking. The system comprises technologically equipped sensors, such as radar sensors, cameras, LiDAR, ultrasonic sensors, infrared, and several actuators. The ongoing adoption of electric vehicles owing to stringent government regulations for carbon emissions is boosting the demand for ADAS, thereby driving the automotive camera market. In addition, the favorable regulatory policies for incorporating safety and comfort features in the automotive vehicles fuel the automotive camera market growth.
Companies Profiled in this report includes: Aptiv PLC, Autoliv Inc, Continental AG, FLIR Systems, Inc., Gentex Corporation, Magna International Inc, Robert Bosch GmbH, Valeo, Mobileye, STONKAM CO., LTD.,
Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well informed decision. Competitive landscape of Brown Sugar market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.
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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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