Press release
Automotive Camera Market has a CAGR of 9.70% and Expected to Reach USD 24,092 Million by 2025
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.alliedmarketresearch.com/request-sample/4753
Presently, North America dominates the market, followed by Europe. In 2017, U.S. dominated the North America market and Germany led the overall market in Europe. However, in the Asia-Pacific region, China currently dominates the market.
Rise in demand for passenger vehicles coupled with safety & security concerns among consumers and increase in number of road fatalities drive the growth of the global automotive camera market share considerably. In addition, rise in trend of installing advanced driver assistance system (ADAS) and legislations mandating installation of cameras in vehicles are anticipated to provide potential growth opportunities for the market. However, high installation cost of the cameras is one of the major restraints of the market.
In 2017, the adaptive cruise control system segment dominated the global automotive camera market in the application segment, in terms of revenue. However, the driver monitoring system segment is expected to grow at a highest CAGR during the forecast period. By technology, the digital camera segment is anticipated to dominate the market throughout the forecast period.
Moreover, the passenger car segment dominates the overall automotive camera market, in terms of vehicle type. The automotive camera market signifies a considerable growth in the near future, owing to increase in the adoption of automotive cameras, particularly in the developing regions. Moreover, companies have been adopting innovative techniques to provide customers with advanced and innovated product offerings, which boost the growth of the market.
Key Findings of the Automotive Camera Market
On the basis of application, the adaptive cruise control system segment led the global automotive camera market in the year 2017.
The North America region held the majority of market share in 2017.
By vehicle type, the passenger car segment has been dominating the global automotive camera market in the year 2017. However, the heavy commercial vehicle segment is expected to grow at the highest CAGR during the forecast period (2018-2025).
The LAMEA region is anticipated to exhibit the highest CAGR during the forecast period.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/4753
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Automotive Backup Camera Market : https://www.alliedmarketresearch.com/automotive-backup-camera-market
Automotive Camera & Camera Module Market : https://www.alliedmarketresearch.com/automotive-camera-and-camera-module-market
Automotive Dashboard Camera Market : https://www.alliedmarketresearch.com/automotive-dashboard-camera-market-A07112
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