The automotive camera market is expected to grow at a significant rate, due to an increase in sales of automobiles and advancement of sensors used in cameras. Furthermore, rise in number of road fatalities is expected to stimulate the growth of the market. In addition, social factors such as a surge in awareness of road safety by the people and implementation of stringent road safety regulations by the government are anticipated to fuel the market growth
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The key market players profiled in the report are Automation Engineering Inc., Robert Bosch GmbH, Continental AG, Aptiv PLC, Stonkam Co., Ltd., Mobileye N.V., Autoliv Inc., Magna International Inc., OmniVision Technologies, and Valeo.
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The automotive cameras market is segmented on the basis of application, technology, vehicle type, and region. By application, the market is categorized into park assist system, lane departure warning system, adaptive cruise control system, driver monitoring system, autonomous emergency braking system, blind spot detection, and others. Based on technology, it is classified into infrared camera, thermal camera, and digital camera. Depending on vehicle type, it is segregated into passenger cars, light commercial vehicles, and heavy commercial vehicles.
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According to the fact sheet of the World Health Organization, road traffic injuries are the leading cause of death among people aged between 15 and 29 years. Around 1.25 billion people die every year as a result of road accidents. In addition, 90% of the world’s fatalities on the roads occur in low & middle economical countries, though such countries have approximately 54% of the world’s vehicles. Moreover, for most of the countries road accidents cost 3% of their GDP.
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Key Benefits of Automotive Camera Market:
- This study comprises an analytical depiction of the global automotive camera market size with current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.
- The current market is quantitatively analyzed from 2018 to 2025 to benchmark the financial competency.
- Porters five forces analysis illustrates the potency of the buyers and suppliers in the industry.
- The report includes the market share of key vendors and automotive camera market trends.
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