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Automotive Camera Market Size

Report ID: GMI3340
Published Date: May 2019
Report Format: PDF

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Automotive Camera Market Size

Automotive Camera Market size surpassed USD 5.5 billion in 2018 and is poised to grow at a CAGR of over 19% between 2019 and 2025. The global industry shipments are expected to reach 300 million units by 2025.

The growing concerns regarding vehicle & passenger safety across the globe coupled with increasing technological advancements in camera-based driver assistant sensors are expected to drive the automotive camera market growth. The increasing sales of passenger vehicles owing to rise in consumer disposable income are further contributing to the industry growth.

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Several government initiatives regarding passenger safety in economically advanced countries including the U.S. and Canada are surging the adoption of cameras in vehicles. The camera sensors are integrated with vehicles for various applications such as lane & side assist and maintaining a safe distance from other vehicles. Moreover, the increased consumer awareness about ADAS systems is supporting the demand for advanced safety features in passenger vehicles, influencing the market expansion.

Automotive Camera Market Report Attributes
Report Attribute	Details
Base Year:	2018
Automotive Camera Market Size in 2018:	5.5 Billion (USD)
Forecast Period:	2019 to 2025
Forecast Period 2019 to 2025 CAGR:	19.5%
2025 Value Projection:	19 Billion (USD)
Historical Data for:	2014 to 2018
No. of Pages:	250
Tables, Charts & Figures:	401
Segments covered:	Type, Application, Vehicle Type and Region
Growth Drivers:	Increasing integration of ADAS in commercial & passenger vehicles across the globe Growing concerns regarding pedestrian & passenger safety in North America and Europe Rise in production of vehicles in Europe and Asia Implementation of stringent government regulations regarding safety in vehicles High demand for luxury vehicles in MEA Rapidly developing automotive sector in Mexico and Brazil
Pitfalls & Challenges:	High thermal noise generation from the cameras

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Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive camera estimated at around USD 5.5 billion in 2018.

The industry share of automotive camera will grow at a CAGR of over 19% from 2019 to 2025.

According to this research report by GMI, the global industry shipments are expected to reach 300 million units by 2025.

The Europe market is estimated to observe over 21% growth during the forecast period propelled by increasing production of passenger & commercial vehicles in the region.

The prominent industry players include Robert Bosch GmbH, Continental AG, Aptiv PLC, Magna International Inc., Veoneer, Denso Corporation, Mobileye, and Valeo.

The stereo segment is gaining high traction in the market owing to its vehicle safety features such as Adaptive Cruise Control systems (ACC), Forward Collision Warning systems (FCW), and lane assist systems.