Market OverviewThe global automotive camera market was analyzed by Market Research Future (MRFR) and it was projected that an impressive CAGR of 19% will be attained by the market over the forecast period of 2018 to 2023.
The valuation of the automotive camera market was further stated to surpass its previous valuation and reach USD 19 billion by the end of the forecast period.
Market Segmentation The global automotive camera market has been segmented in terms of camera type, application type, and vehicle type.By camera type, the market includes Thermal, Infrared, and Digital types.By application type, the market comprises Blind Spot Detection, Adaptive Cruise Control, Park Assist System, Lane Departure Warning, Road Sign Recognition, Night Vision, Driver Monitoring, Driver Monitoring, and others.By vehicles types, the market segments heavy vehicles, passenger car, and commercial vehicles.Regional AnalysisThe global automotive camera market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).The North American market stands tall in the global automotive camera market with a majority of the share under its name.
Herein, major automobile manufacturing nations like the UK, Germany, Italy, and France are expected to massively support the growth of the European automotive camera market over the forecast period.In Asia Pacific, the region holds massive promise in terms of growth and expansion in the forthcoming years.
Due to the rapid-paced industrialization, the Asia Pacific regional market is forecasted to witness an increasing number of automobile production, especially in countries like Thailand, China, India, Malaysia, South Korea, and Japan.Competitive LandscapeThe global automotive camera market comprises a host of key players.
This includes names like ADA-ES Inc. (US), Delhi Automotive PLC (UK), TRW Automotive (US), Allied Vision Technologies (Germany), Robert Bosch GmBH (Germany), Balluf (Germany), Basler AG (Germany), Autoliv, Inc. (Sweden), Valeo S.A. (France), Denso Corporation (Japan), and others.The increasingly competitive nature of the global automotive camera market is expected to witness an impressive growth in the coming years.