Automotive Camera Market CAGR of 9.54% during the forecast period of 2024 to 2031.

 ​The global automotive camera market is experiencing significant growth, driven by the increasing adoption of Advanced Driver Assistance Systems (ADAS), stringent safety regulations, and advancements in camera technologies. Here's an overview based on the latest report from Data Bridge Market Research:​

 Market Overview

  • Market Size: Valued at USD 8.74 billion in 2023, projected to reach USD 18.12 billion by 2031.

  • CAGR: Expected to grow at a Compound Annual Growth Rate (CAGR) of 9.54% from 2024 to 2031.

  • Forecast Period: 2024–2031.​

Key Market Segments

  • By Technology:

    • Digital Camera

    • Infrared Camera

    • Thermal Camera

  • By View Type:

    • Single View System

    • Multi Camera System

  • By Level of Autonomy:

    • L1 Camera Unit

    • L2 & L3 Camera Units

    • L4 Camera Unit

    • L5 Camera Unit

  • By Application:

    • Driver Monitoring System

    • Park Assist System

    • ADAS

    • Blind Spot Detection

    • Night Vision System

    • Others

  • By Vehicle Type:

    • Passenger Cars

    • Economic Vehicles

    • Mid-Priced Vehicles

    • Luxury Vehicles

    • Light Commercial Vehicles

    • Heavy Commercial Vehicles

    • Others

  • By Electric Vehicle Type:

    • Battery Electric Vehicle (BEV)

    • Fuel Cell Electric Vehicle (FCEV)

    • Hybrid Electric Vehicle (HEV)

    • Plug-In Hybrid Electric Vehicle (PHEV)​

 Regional Insights

  • North America: Dominates the market due to the high adoption of ADAS and stringent safety regulations.

  • Europe: Significant growth driven by regulatory mandates for advanced safety features and increasing demand for autonomous vehicles.

  • Asia-Pacific: Expected to witness substantial growth owing to the rising vehicle production, increasing adoption of safety systems, and government support for automotive innovation in countries like China, Japan, and South Korea.​

 Key Market Players

Major companies operating in the global automotive camera market include:​

  • Continental AG (Germany)

  • Robert Bosch GmbH (Germany)

  • Valeo (France)

  • Aptiv (Ireland)

  • Magna International Inc. (Canada)

  • DENSO Corporation (Japan)

  • Ficosa Internacional SA (Spain)

  • Autoliv Inc. (Sweden)

  • Mobileye (Israel)

  • OMNIVISION (U.S.)

  • Veoneer Inc. (Sweden)

  • HYUNDAI MOBIS (South Korea)

  • ZF Friedrichshafen AG (Germany)

  • FLIR Systems, Inc. (U.S.)

  • KYOCERA Corporation (Japan)

  • STONKAM CO., LTD. (China)​

Market Drivers

  • Rising Demand for ADAS: The increasing emphasis on vehicle safety and the adoption of ADAS features are propelling the demand for automotive cameras.

  • Technological Advancements: Innovations such as high-resolution imaging, AI integration, and machine learning are enhancing the capabilities of automotive cameras.

  • Government Regulations: Stringent safety regulations mandating the inclusion of features like rearview and surround-view cameras are driving market growth.

  • Growth of Electric and Autonomous Vehicles: The proliferation of electric and autonomous vehicles necessitates advanced camera systems for navigation and safety.​

For a more detailed analysis, you can access the full report here:

https://wakelet.com/wake/iYiIL356skWXX0GAtySu_

https://wakelet.com/wake/ftN63kNzmlHuOEKk2CWlC

https://teletype.in/@dbmr12345/ELwO_77LGMb

https://teletype.in/@dbmr12345/z8XFyLVWrHL

https://dbmrcompany.hashnode.dev/cosmetic-pigments-market-cagr-of-920-during-the-forecast-period-of-2024-to-2031-1-1


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