Press release
Automotive Camera Module Market to Reach US$ 16,223.8 Million with a CAGR of 11.9% by 2028
According to a recent report published by Allied Market Research, titled, "Automotive Camera & Camera Module by Type, Application, Technology, Vehicle Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2028," In terms of revenue, North America leads the market, followed by Europe, Asia-Pacific, and LAMEA.
The rise in demand for autonomous vehicles across North America fosters the growth of automotive camera & camera module in the North American region. U.S. dominated the automotive camera & camera module market share in 2020 and is expected to grow at a significant rate during the forecast period. Automotive cameras & camera modules are increasingly being used to enhance road safety in major North American economies.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ- https://www.alliedmarketresearch.com/request-sample/895
By technology, the automotive cameras & camera modules market is categorized into digital, thermal, and infrared. The digital segment accounted for the highest revenue in 2020, owing to the rise in government regulations mandating the installation of rearview camera in developed economies. Increased demand for added convenience such as low light visibility, pedestrian monitoring, and adaptive cruise control, in luxury vehicles segment has increased the adoption rate of infrared cameras by automotive manufacturers.
By application, the automotive cameras & camera modules market is segregated into park assist and ADAS. In 2020, the park assist segment dominated the application segment, owing to cheaper cost and increased adoption of camera systems in the automotive industry. The rise in safety concerns in the automotive industry propels the growth of the ADAS segment. Moreover, the rise in demand for autonomous driving capabilities by the fleet owners also boosts the growth of the ADAS segment during the forecast timeframe.
Factors such as increase in demand for autonomous vehicles, rise in demand for safety application by automotive customers and government legislation and regulations mandating the installation of cameras in vehicles accelerate the growth of the automotive camera & camera module market.
๐๐ฒ๐ฎ๐ฑ๐ถ๐ป๐ด ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ / ๐๐ฟ๐ผ๐๐ฝ -
Intel Corporation
Robert Bosch GmbH
ZF Friedrichshafen AG
Aptiv PLC
Veoneer Inc.
Continental AG
DENSO Corporation
Ficosa Internacional SA
Magna International Inc.
Hyundai Mobis Co.
Valeo.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ- https://www.alliedmarketresearch.com/automotive-camera-and-camera-module-market/purchase-options
COVID-19 Impact Analysis
COVID impact on the automotive camera & camera market is unpredictable and is expected to remain restricted till the second quarter of 2021.
The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and made social distancing mandatory to contain the spread of the virus. Consequently, several organizations started work from home programs as safety measures. This led to sudden decrease in demand for automobiles across the world.
Moreover, nationwide lockdowns disrupted the supply-chain as several manufacturing facilities across the globe had to partially or fully shut down their operations.
The adverse impacts of the COVID-19 pandemic resulted in huge supply-demand issues globally.
๐ฆ๐ถ๐บ๐ถ๐น๐ฎ๐ฟ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ ๐ช๐ฒ ๐๐ฎ๐๐ฒ ๐ผ๐ป ๐๐๐๐ผ๐บ๐ผ๐๐ถ๐๐ฒ ๐๐ป๐ฑ๐๐๐๐ฟ๐:
Automotive Glass Market - https://www.alliedmarketresearch.com/global-automotive-glass-market
Automotive Camera Market - https://www.alliedmarketresearch.com/automotive-camera-market
Automotive Panoramic Sunroof Market - https://www.alliedmarketresearch.com/automotive-panoramic-sunroof-market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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