Finance News World

Surge in Road Accidents to Boost the Global Automotive Camera Market Growth

 Breaking News
  • No posts were found

Surge in Road Accidents to Boost the Global Automotive Camera Market Growth

September 27
16:10 2021
Surge in Road Accidents to Boost the Global Automotive Camera Market Growth
Automotive Camera Market
According to a new market research report launched by Inkwood Research, the Global Automotive Camera Market is projected to generate a revenue of $18.20 billion by 2028 and growing at a CAGR of 14.82% during the forecast period of 2021 to 2028. In terms of volume, the market size is estimated to reach 881.98 million units, growing with a CAGR of 19.69%.

According to a new market research report launched by Inkwood Research, the Global Automotive Camera Market is projected to generate a revenue of $18.20 billion by 2028 and growing at a CAGR of 14.82% during the forecast period of 2021 to 2028. In terms of volume, the market size is estimated to reach 881.98 million units, growing with a CAGR of 19.69%.

Browse 75 market data Tables and 47 Figures spread over 170 Pages, along with in-depth analysis on Global Automotive Camera Market by Product Type, View Type, Technology, Level of Autonomy, End-User, & by Geography.

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Global Automotive Camera Market Scenario

Automotive cameras are primarily used to assist drivers while parking, as well as to analyze the performance of vehicles, acquiring critical evidence, and for night vision.

The market’s key propelling factors include the increased adoption of autonomous vehicles, regulations mandating the use of automotive cameras, and the rise in road accidents. As per global government estimates, nearly 1.25 million lives are lost in road traffic accidents annually. Moreover, the mishaps caused due to driver conduct and blind spots account for the highest proportion of all traffic incidents. Hence, in-car cameras that alert drivers in the case of careless driving and drowsiness, in addition to the use of outside mounted cameras, help reduce the surging numbers of road accidents.

However, the automotive camera market may be hindered by the increased price of camera modules, laws restricting the usage of dash cams in several nations, and errors affecting the outcome in certain scenarios. For instance, even with complex modern camera systems in place, errors may be found in the processed pictures and videos.

The Global Automotive Camera Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Automotive Camera Market by Technology, View Type, Level of Autonomy, End-User, Product Type, & by Geography: https://inkwoodresearch.com/reports/automotive-camera-market/#request-free-sample

Market Segmentation

Market by View Type

  • Multi View
  • Single View

Market by Technology

  • Digital Camera
  • Thermal Camera

Market by End-User

  • Commercial Vehicles
  • Passenger Vehicles

Market by Level of Autonomy

  • Level 1
  • Level 2
  • Level 3
  • Level 4
  • Level 5

Market by Product Type

  • Rear View Camera
  • Front View Camera
  • Side View Camera
  • In-Vehicle Camera

Report Highlights

– The report provides a detailed analysis of the current and future market trends, to identify the investment opportunities – Market forecasts till 2028, using estimated market values as the base numbers – Key market trends across the business segments, regions, and countries – Key developments and strategies observed in the market – Market dynamics such as drivers, restraints, opportunities, and other trends – In-depth company profiles of key players and upcoming prominent players – Growth prospects among the emerging nations through 2028

Companies Profiled

  • BRANDMOTION
  • CONTINENTAL AG
  • LG INNOTEK
  • MOTHERSON SUMI SYSTEMS LTD
  • KAPPA OPTRONICS GMBH
  • STONKAM CO LTD
  • VALEO
  • MAGNA INTERNATIONAL INC
  • OMNIVISION TECHNOLOGIES
  • RICOH COMPANY LTD
  • ROBERT BOSCH GMBH
  • STMICROELECTRONICS
  • DENSO
  • FICOSA
  • HELLA GMBH & CO KGAA

 

Related Reports

GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET  – The global advanced driver assistance system (ADAS) market is estimated to grow with a CAGR of 14.68%.

GLOBAL AUTOMOTIVE CHASSIS SYSTEMS MARKET  – Global autonomous chassis systems market is expected to develop with a CAGR of 4.60% between 2019 to 2027.

GLOBAL AUTOMOTIVE TELEMATICS MARKET – Global automotive telematics market is set to grow with a CAGR of 21.36%.

Media Contact
Company Name: Inkwood Research
Contact Person: Arvind Iyer
Email: Send Email
Phone: +1 857-302-4704
Country: United States
Website: https://www.inkwoodresearch.com/