According to the report published by Allied Market Research, the global automotive backup camera market garnered $1.95 billion in 2018, and is expected to generate $3.86 billion by 2026, witnessing at a CAGR of 8.7% from 2019 to 2026. The report provides a comprehensive analysis of the changing market trends, key market players, major segments, market size & estimations, and competitive scenario.
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The global automotive backup camera market is segmented into position, vehicle type, sales channel and region. Based on position, the market is divided into surface mounted, flush mounted and license mounted segments. The surface mounted segment accounted for the highest share in 2018, holding more than two-fifth of the global automotive backup camera market share. In addition the segment is estimated to maintain its lead status by registering the fastest CAGR of 9.8% from 2019 to 2026.
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Based on region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA. The region across North America, generated the highest market share in 2018, holding more than one-third of the market share. However, Asia-Pacific is expected to witness the largest CAGR of 12.6% from 2019 to 2026.
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Leading market players analyzed in the automotive backup camera market research are Continental AG, Delphi Technologies, Magna International, OmniVision Technologies, Aptiv PLC, Pyle, Robert Bosch GmbH, Stonkam AG, Valeo, and Yada.
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