Report ID: SQMIG25A2340
Report ID:
SQMIG25A2340 |
Region:
Global |
Published Date: November, 2024
Pages:
202
|
Tables:
118 |
Figures:
72
North America holds the largest market share and is expected to significantly develop over the projection period. The demand in North America is expanding based on growing demand for luxury automobile use in the US, Canada, and Mexico and its rising use of Advanced Driver Assistance Systems (ADAS) in both passenger vehicles and commercial ones. Another factor driving market increase is the proliferation of safety features such as parking aid, lane-keeping assistance, and collision detection in luxury and mass-market automobiles. Besides, the focus of the region towards better driving conditions and safety features of vehicles will enhance the demand for automotive cameras in North America and drive dominance in the market.
However, high penetration levels of ADAS across the continent have made Europe a huge market for car cameras and it is anticipated to grow strongly. Adoption of safety systems in passenger cars has been led by France, Italy, Germany, and the UK. Demand is also bolstered by the stringent regulations that have mandated adding safety features like a camera for improved vision while driving in new cars. This growth is supported by the NCAP impact, favoring the adoption of state-of-the-art safety technologies in vehicles. The above parameters taken together will see continued growth in the European automotive camera industry.
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Report ID: SQMIG25A2340