Automotive Camera Market Opportunities, Business Forecast To 2029

The global automotive camera market size was valued at USD 7,759.3 million in 2022 and is expected to grow at a CAGR 11.6% from 2023 to 2029. The primary drivers of the expansion of the global automotive camera market include the increasing prevalence of road accidents, rising awareness of consumer vehicle safety. In addition, strict government rules and regulations is expected to boost the market growth.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/automotive-camera-market

Adaptive Cruise Control Segment is expected to Dominate the Automotive Camera Market:
Based on the application, the global Automotive Camera market is segmented into ADAS, Parking Assist, Lane Departure Warning System, Adaptive Cruise Control, Blind Spot Detection, Intelligent Headlight Control, Road Sign Assistance, Others. The adaptive cruise control segment is expected to account for a larger revenue share in the global automotive camera market. The adaptive cruise control helps in maintaining a safe distance between two cars, if any vehicle is nearing the car it alerts the driver to apply brakes. If the drives fails to apply brakes, the adaptive cruise control system applies brakes automatically and stops the vehicles to avoid collision.

North America Automotive Camera Market:
The North America market is expected to dominate the automotive camera market over the forecast period due to the increasing demand of luxury vehicles in countries like Canada, USA, Mexico. The adoption of advanced technology cameras like trifocal camera is expected to boost the automotive camera market in the region. Strict rules and regulations imposed by governments in countries of this region to mandatory installation of safety cameras in vehicles to enhance safety and to prevent the road traffic accidents, and increase in application of safety cameras in Advanced driving assistance system is expected to drive the market growth in this region

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Automotive Camera market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In June 2020, Omnivision launched world's first image sensor forautomotive cameras with a combination of Stereo flicker mitigation and a 3-micron pixel size camera., In July 2020, ZF launched next generation ADAS camera with enhanced AEB, lane keeping and semi-automated vehicle function.

Request sample report at https://precisionbusinessinsights.com/request-sample/?product_id=809146

The Automotive Camera market is segmented based on vehicle type, product type, technology. Application, and geography.

Based on the vehicle type, the market is segmented into the following:
• Passenger Vehicle
• Commercial Vehicle

Based on the product type, the market is segmented into the following:
• Viewing Camera
• Sensing Camera

Based on the technology, the market is segmented into the following:
• Digital Camera
• Thermal Camera
• Infrared Camera
• Others

Based on the technology, the market is segmented into the following:
• ADAS
• Parking Assist
• Lane Departure Warning System
• Adaptive Cruise Control
• Blind Spot Detection
• Intelligent Headlight Control
• Road Sign Assistance
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Key players profiles in the automotive camera market report are ADA-ES Inc., Allied Vision Technologies, Balluf, Basler AG, Autoliv Inc, Delhi Automotive PLC, Denso Corporation, Robert Bosch GmBH, Valeo S.A., TRW Automotive.

Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.