Report ID: SQMIG25A2340
Report ID:
SQMIG25A2340 |
Region:
Global |
Published Date: November, 2024
Pages:
202
|
Tables:
118 |
Figures:
72
Automotive Camera Market size was valued at USD 9.81 Billion in 2023 and is poised to grow from USD 10.88 Billion in 2024 to USD 22.46 Billion by 2032, growing at a CAGR of 10.9% during the forecast period (2025-2032).
The automotive camera industry across the globe is predicted to grow steadily over the next years with increased developments of camera-based driving assistance sensors, vehicle safety systems, and after-sales parking camera sales. Due to this, the product price will decline dramatically due to technological developments in cameras and high manufacturing output that will soon deliver vast market potential. Moreover, the market is expected to increase due to the growing necessity of sensing cameras in smart driver assistance systems. There will be size expansion in the industry because of its high demand for products with much of this demand recorded within passenger vehicles. The growing automotive part manufacturing centers and the presence of many suppliers in the industry are anticipated to increase demand for the product in China and India. The future will witness a considerable factor driving demand for the product-the surging desire for luxury cars. It would be due to the safety measures more and more measures of taking because of accidents occurring from traffic that over the next years, would impact the global automotive camera market growth. In passenger cars and commercial vehicles, during the next years, growing demands for various kinds of cameras, including digital, infrared, and thermal cameras would generate tremendous market opportunities.
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Report ID: SQMIG25A2340