Automotive Camera & Camera Module Market by Type, Application, Technology, Vehicle Type and Distribution Channel : Analysis and Industry Forecast, 2021-2028
PORTLAND, OR, UNITED STATES, September 22, 2023/EINPresswire.com/ โ According to the report published by Allied Market Research, the global automotive camera & camera module market generated $7.04 billion in 2020, and is estimated to garner $16.22 billion by 2028, witnessing a CAGR of 11.9% from 2021 to 2028. The report offers an extensive analysis of changing market trends, value chain, top segments, top investment pockets, regional scenarios, and competitive landscape.
Rise in demand for autonomous vehicles, growth in demand for safety applications by automotive customers, and government legislation and regulations mandating the installation of cameras in vehicles drive the growth of the global automotive camera & camera module market. However, fluctuations in the prices of raw materials used in manufacturing automotive camera and software failures associated with automotive camera hinder the market growth. On the other hand, implementation of cameras as an alternatives surround view system and rise in the number of traffic accidents create new opportunities in the coming years.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ- https://www.alliedmarketresearch.com/request-sample/895
Covid-19 Scenario:
The outbreak of the COVID-19 pandemic forced the government bodies across the globe to implement strict lockdowns and made social distancing mandatory to curb the spread of the virus, owing to which several organizations started work from home systems as safety measures. This in turn declined the demand for automobiles across the world.
The nationwide lockdowns further disrupted the supply-chain and manufacturing facilities across the globe. However, the government bodies have issued relaxations to maintain the economic stability and with this, the market is expected to recoup soon.
The report offers detailed segmentation of the global automotive camera & camera module market based on type, application, technology, vehicle type, distribution channel, and region.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ- https://www.alliedmarketresearch.com/automotive-camera-and-camera-module-market/purchase-options
Based on type, the single view segment accounted for the highest market share in 2020, contributing to more than three-fourths of the total share, and is expected to maintain its leadership status during the forecast period. In addition, the multi view system segment is estimated to manifest the highest CAGR of 13.1% from 2021 to 2028.
Based on application, the park assist segment held the largest share in 2020, accounting for more than two-thirds of the global automotive camera & camera module market, and is projected to maintain its leadership status during the forecast period. However, the ADAS segment is expected to portray the fastest CAGR of 13.1% from 2021 to 2028.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/895
Based on region, North America contributed to the highest share in 2020, holding around one-third of the total share, and is expected to continue its dominance in terms of revenue by 2028. On the other hand, the market across LAMEA region is estimated to witness the largest CAGR of 12.8% during the forecast period. The research also analyzes regions including Asia-Pacific and Europe.
Leading players of the global automotive camera & camera module market share analyzed in the research include 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., Ltd. and Valeo.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ :
Automotive Camera-based Side Mirrors Market : https://www.alliedmarketresearch.com/automotive-camera-based-side-mirrors-market-A11734
Autonomous Aircraft Cameras Market : https://www.alliedmarketresearch.com/autonomous-aircraft-cameras-market-A09219
Automotive Camera Market : https://www.alliedmarketresearch.com/automotive-camera-market
David Correa
Allied Analytics LLP
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
The content is by EIN Presswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.
