Portland, OR, June 28, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global automotive camera market was estimated at $11.40 billion in 2017 and is expected to hit $24.09 billion by 2025, registering a CAGR of 9.7% from 2018 to 2025. The report provides an in-depth analysis of the market, including top investment pockets, top-winning strategies, industry drivers and restraints, market size & forecast, market segmentation, and competitive landscape.
Rise in demand for passenger vehicles along with safety & security concerns amongst consumers, and a surge in the number of road fatalities drive the growth of the global automotive camera market. On the other hand, high installation cost happens to restrain the growth to some extent. However, A rise in trend of installing ADAS and legislation mandating the installation of cameras in vehicles are expected to create lucrative opportunities for the key players in the market.
Request Sample Report: https://www.alliedmarketresearch.com/request-sample/4753
The adaptive cruise control system segment to rule the roost through 2018– 2025-
Based on application, the adaptive cruise control system segment held the major share in 2017, contributing to more than one-fourth of the total revenue. The driver monitoring system segment, on the other hand, is projected to grow at the fastest CAGR of 14.4% during the study period.
The passenger cars segment to lead the trail till 2025-
Based on vehicle type, the passenger cars segment contributed to three-fourths of the total market share in 2017 and is predicted to dominate throughout the study period. At the same time, the heavy commercial vehicle segment is expected to showcase the highest CAGR of 12.0% throughout 2018–2025.
North America to maintain its dominance during the estimated period-
Based on geography, the Asia-Pacific region is anticipated to cite the fastest CAGR of 13.6% throughout 2018–2025. Simultaneously, North America accounted for more than one-third of the total market share and is expected to continue its dominance till 2025.
Do Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4753
Frontrunners in the industry-
The key market players analyzed in the global automotive camera market report include Robert Bosch GmbH, Continental AG, Aptiv PLC, OmniVision Technologies, Mobileye N.V., Automation Engineering Inc., Autoliv Inc., Magna International Inc., and Valeo, Stonkam Co. Ltd. These market players have incorporated several top-end strategies including partnership, expansion, collaboration, joint ventures, and others to retain their stronghold in the industry.
About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.