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Automotive Camera Market| COVID-19 Impact, Is Projected To Grow At A CAGR Of 10% -Forecast 202
Automotive Camera Market| COVID-19 Impact, Is Projected To Grow At A CAGR Of 10% During Forecast 2023

BriefingWire.com, 7/01/2020 - Automotive Camera Market Overview

The demand for automobiles that are technically developed with robust safety features is increasing at a fast pace. It is likely to increase the sales vehicle cameras since they are being incorporated in passenger and commercial cars.

Competitive Landscape

Continental AG (Germany)

GoPro Inc. (U.S.)

Transcend Information Inc. (Taiwan)

Valeo (France)

Autoliv Inc (Sweden)

Falcon Electronics LLC (Balkans)

Qrontech Co. Ltd. (South Korea)

DCS Systems Ltd. (U.K.)

Delphi Automotive PLC (U.K.)

Industry Updates

June 2019 - ZF Friedrichshafen AG, a German car parts maker, has developed a dual camera lens specifically designed for the commercial truck market. The dual cam is designed to meet various regulatory requirements and is capable of traffic sign recognition, lane keeping assist and centering and object and pedestrian detection to enable automatic emergency braking.

Segmentation

The global Automotive Camera Market has been segmented based on vehicle type, camera type, technology, and end use.

By end use, the Automotive Camera Market has been segmented into transportation vehicles, government and defense vehicles, private vehicles, and others. The other segment consists of fire rescue, healthcare, and sports vehicles.

Regional Analysis

North America is the leading market for vehicle cameras. various insurance companies have initiated schemes such as in-car camera incentive programs in the developed economies of the region such as the US and Canada, which has raised the adoption of vehicle cameras in the region. Moreover, strict safety regulations enacted by the governments in the region has prompted the installation of cameras in vehicles. The new car assessment programs have also influenced the growth of the market.

The APAC Automotive Camera Market is anticipated to showcase substantial growth over the forecast period. The surge in the incidence rate of road and parking accidents along with the rise in false claims has propelled the need for vehicle cameras. Evolving road safety regulations in the developing countries of the region have also aided the growth of the market.

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