Press release
Automotive Back-up Camera Market is Expected to Generate Huge Profits by 2032
Automotive Back-up Camera Market
By 2022, the sales of automotive back-up camera are predicted to provide an additional market potential of more than US$ 2.6 billion, growing at a startling CAGR of between 8 and 9 percent from 2022 to 2032. Compared to the US$ 2.3 Bn recorded in 2021, the market for vehicle backup cameras is predicted to surpass US$ 5 Bn by the end of 2032.
Earlier (in 1991), Toyota Soarer Ltd. was the first production automobile to in-corporate a back-up camera in the U.S. Since being launched in luxury cars, back-up visibility systems have initiated to enter into non-luxury light vehicle market as original equipment manufacturer. Additionally, after-market options have been available over the past ten years. The new regulations gave rise to an evolution that has taken back-up cameras from pricey luxury to industry standards.
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Automotive Back-up Camera Market: Regional Outlook
Region wise, North America will be a prominent region for automotive back-up camera market owing to maximum OEMs are installing back-up cameras in the United States more than doubled, increasing from 30% to 60% of all new cars sold. Moreover, National Highway Traffic Safety Administration has made rear view cameras mandatory on all cars by 2018. Also, Europe is also estimated to be a notable region for the demand for automotive Back-up camera market owing to the presence of most of the manufacturers. Most of the M&HCVs and light commercial vehicle (LCV) in Asia-Pacific are not equipped with a back-up camera that opens a wide opportunity for back-up camera vendors. MEA and Asia-Pacific is thus expected to be increasing at substantial CAGR over the forecast period.
Automotive Back-up Camera Market: Market Participants
Some of the market participants/vendors identified in the Automotive Back-up Camera Market across the world are:
Denso Corporation
Magna International
Valeo SA
Robert Bosch
Continental AG
Delphi Automotive
Astral
Fabtec
Garmin Ltd.
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The report covers exhaustive analysis on:
Market Segments of Automotive Back-up Camera
Market Dynamics of Automotive Back-up Camera
Market Size of Automotive Back-up Camera
Supply & Demand of Automotive Back-up Camera
Current Trends/Issues/Challenges of Automotive Back-up Camera
Competition & Companies involved of Automotive Back-up Camera
Technology of Automotive Back-up Camera
Value Chain of Automotive Back-up Camera
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Automotive Back-up Camera Market: Segmentation
On the basis of vehicle type
Light Commercial Vehicle (LCV)
Passenger car (PC)
Heavy Commercial Vehicle (HCV)
Construction Vehicle
On the basis of monitor
LCD
LED
TFT-LCD
On the basis of position
Surface Mounted Automotive Back-up Camera
Flush Mounted Automotive Back-up Camera
License Mounted Automotive Back-up Camera
On the basis of sales channel
After-Market
OEM
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Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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