The global automotive camera and integrated radar and camera market size is projected to grow from USD 6.1 billion in 2021 to USD 10.1 billion by 2026 at a CAGR of 10.5% during the forecast period. The market declined in 2020, mainly due to the impact of COVID-19. The supply chain disruption caused by the pandemic is expected to affect the market significantly. Also, due to lockdown restrictions, companies were not able to source the required labor for their operations due to travel restrictions.
Though the market declined in 2020, it is expected to fully recover by 2021. Increasing demand for advanced security systems is the key factor driving the growth of the automotive camera and integrated radar and camera market. Also, the rising demand for vehicle safety systems for premium segment vehicles and the increasing number of regulations mandating safety features in vehicles are likely to boost the market growth.
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Robert Bosch (Germany), Continental AG (Germany), Valeo SA (France), Aptiv PLC (Ireland), Magna International (Canada), ZF Friedrichshafen (Germany), Veoneer, Inc. (Sweden), Nidec Corporation (Japan), Intel Corporation (US) and Infineon Technologies (Germany) are some of the major players in automotive camera and integrated radar and camera market.
Robert Bosch has emerged as a key player for automotive camera and integrated radar and camera market. The company offers its automotive camera products through its mobility solutions. The Mobility Solutions segment engages in developing and manufacturing injection technology and powertrain peripherals for internal combustion engines, diverse solutions for powertrain electrification, vehicle safety systems, driver assistance, and automated functions, technology for user-friendly infotainment as well as vehicle-to-vehicle and vehicle-to-infrastructure communication, repair shop concepts, and technologies and services for the automotive aftermarket. The company offers its automotive camera-related products through the Mobility Solutions segment. The company offers multipurpose cameras, stereo video cameras, multi-camera systems, near-range cameras, and MPC3 cameras for self-driving cars.
Continental AG is a major player in the automotive camera and integrated radar and camera market. The company produces bicycle tires, braking systems, shock absorbers, hoses, drive belts, conveyor belting, transmission products, and sealing systems. The company is a global automotive and industrial supplier and offers tires and software development (including automated driving and driver assistance systems). The company offers its products for the automotive industry through the ContiTech business segment. The company offers automotive camera products, including ProViu ASL360, surround view cameras, cameras with lidar, multi-function cameras with lidar, rearview cameras, mono cameras, surround view camera – SVC210, multi-function mono camera – MFC4xx, and camera cleaning systems.
Automotive Camera and Integrated Radar and Camera Market with COVID-19 Impact Analysis, by Type (Automotive Camera, Integrated Radar and Camera), Application (ADAS, Park Assist), View Type, Vehicle Type, and Geography – Global Forecast to 2026
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