Automotive Camera Market worth $15.1 billion by 2025

The report "Automotive Camera Market by Application (ADAS & Park Assist), View Type (Single View System & Multi-Camera System), Technology (Thermal, Infrared & Digital), Vehicle Type & Class, Electric Vehicle Type, and Region - Global Forecast to 2025", MarketsandMarkets: The automotive camera market is projected to grow at a CAGR of 10.8% during the forecast period, to reach USD 15.1 billion by 2025 from an estimated USD 7.5 billion in 2018.

Browse 172 market data Tables and 53 Figures spread through 166 Pages and in-depth TOC on "Automotive Camera Market by Application (ADAS & Park Assist), View Type (Single View System & Multi-Camera System), Technology (Thermal, Infrared & Digital), Vehicle Type & Class, Electric Vehicle Type, and Region - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/automotive-camera-market-125124333.html

Park assist segment, by application, is estimated to hold the largest market share during the forecast period.

The park assist segment is estimated to be the largest market during the forecast period. OEMs have started offering this feature as a standard fit in mid-priced and luxury vehicle segments. This is fueling the growth of automotive camera market for park assist application.

Commercial vehicle segment is estimated to be the fastest growing market, by vehicle type, from 2019 to 2025

The commercial vehicle segment of the automotive camera market is estimated to grow at the highest rate. The increasing adoption of safety features such as blind spot monitoring, autonomous emergency braking, auto park assist, and lane departure warning will boost the demand for automotive cameras in the commercial vehicle segment. Furthermore, advanced technologies such as truck platooning and semi-autonomous and autonomous trucks will provide opportunities for the growth of the automotive camera market in commercial vehicles.

Asia Pacific to be the largest market for automotive camera in 2025

Asia Pacific is projected to be the largest market for automotive camera in 2025. Safety regulations have been implemented in a few Asia Pacific countries such as Japan and South Korea, and the demand in these countries is anticipated to be on the rise in the next 5 years. China, South Korea, and Japan are expected to implement vehicle and road safety regulations regarding the installation of ADAS in vehicles due to the growing population as well as vehicle demand. Moreover, the improving lifestyle of consumers and speedy urbanization have boosted the demand for passenger vehicles as well as commercial vehicles in the region.

The automotive camera market is dominated by globally established players such as Continental (Germany), Robert Bosch (Germany), Valeo (France), Aptiv (Ireland), and Magna (Canada). Also, Intel (Mobileye) (US), Autoliv (Sweden), Ficosa (Spain), and Clarion (Japan) provide automotive cameras.

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Report Code
AT 3856
PR Published ON
2/19/2019
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