From USD 1,956.4 Million in 2018 to USD 3,860.0 Million by 2026 : Growth in the Automotive Backup Camera Market
WILMINGTON, NEW CASTLE, DE, UNITED STATES, October 30, 2024 /EINPresswire.com/ -- According to a recent report published by Allied Market Research, titled, "Automotive Backup Camera Market by Position, Vehicle Type, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global automotive backup camera market size was valued at $1,956.4 million in 2018, and is projected to reach $3,860.0 million by 2026, registering a CAGR of 8.7% from 2019 to 2026.
𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/6266
Asia-Pacific dominates the market in terms of growth, followed by LAMEA, Europe, and North America. China dominated the global automotive backup camera market share in 2018, whereas India is expected to grow at a significant rate in the automotive rear camera market during the forecast period.
Backup cameras installed in the vehicles are used to assist the driver during the reversal of the vehicle. They prevent collision that can occur due to no visibility of the rear side of the vehicle.
Also, they are used to determine the blind spots that arise during the reversal of the vehicle. Backup cameras have a wider application in vehicles to prevent accidents occurring at the killing zone of the vehicle.
As the backup cameras are attached to the head unit display of the vehicle, they give a horizontally flipped image of the rear object. Government regulations for the mandatory installation of backup camera in vehicles has supplemented the growth of the automotive backup camera market across the globe.
Backup cameras are widely installed in huge trailers that occupy a larger area on the road as it is difficult for the drivers to look at the rear side of the vehicle while reversing.
With the introduction of advanced components in vehicles, the installation of backup camera in vehicles is mandatory and is gaining popularity among vehicles, which leads to the automotive backup camera market growth.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/automotive-backup-camera-market/purchase-options
Current trend for the installation of backup camera in vehicles has increased due to its accident prevention feature, which has made it popular among vehicles. This has led the component manufacturers to develop better and advanced featured camera for vehicles, which eventually leads to the growth of the automotive backup camera share.
Factors such as surge in number of fatalities leading to increased adoption of backup camera and rise in demand for passenger vehicles coupled with safety and security concerns among consumers are driving the growth of automotive backup camera industry. However, high installation cost of the rear camera is expected to hamper the growth of the automotive backup camera market share.
Further, rise in trend of installing advanced driving system and legislations mandating installation of cameras in vehicles are expected to create numerous opportunities for the expansion of the automotive backup camera market.
𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲 :
Based on position, the surface mounted automotive backup camera system generated the highest revenue in 2018.
Based on vehicle type, the passenger vehicle segment was the highest revenue contributor in 2018.
Based on region, North America contributed the highest automotive backup camera market revenue in 2018, followed by Europe, Asia-Pacific and LAMEA.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/request-sample/6266
𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
Aptiv PLC,
Continental AG,
Delphi Technologies,
Magna International,
OmniVision Technologies,
Pyle,
Robert Bosch GmbH,
Stonkam AG,
Valeo, and Yada.
𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :
Electric Tuk-tuks Market
https://www.alliedmarketresearch.com/electric-tuk-tuks-market-A08913
Automotive Natural Gas Vehicle Market
https://www.alliedmarketresearch.com/automotive-natural-gas-vehicle-market-A09132
Automotive Brake Pad Market
https://www.alliedmarketresearch.com/automotive-brake-pad-market-A07214
Motorized Quadricycle Market
https://www.alliedmarketresearch.com/motorized-quadricycle-market-A14499
𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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.
𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/6266
Asia-Pacific dominates the market in terms of growth, followed by LAMEA, Europe, and North America. China dominated the global automotive backup camera market share in 2018, whereas India is expected to grow at a significant rate in the automotive rear camera market during the forecast period.
Backup cameras installed in the vehicles are used to assist the driver during the reversal of the vehicle. They prevent collision that can occur due to no visibility of the rear side of the vehicle.
Also, they are used to determine the blind spots that arise during the reversal of the vehicle. Backup cameras have a wider application in vehicles to prevent accidents occurring at the killing zone of the vehicle.
As the backup cameras are attached to the head unit display of the vehicle, they give a horizontally flipped image of the rear object. Government regulations for the mandatory installation of backup camera in vehicles has supplemented the growth of the automotive backup camera market across the globe.
Backup cameras are widely installed in huge trailers that occupy a larger area on the road as it is difficult for the drivers to look at the rear side of the vehicle while reversing.
With the introduction of advanced components in vehicles, the installation of backup camera in vehicles is mandatory and is gaining popularity among vehicles, which leads to the automotive backup camera market growth.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/automotive-backup-camera-market/purchase-options
Current trend for the installation of backup camera in vehicles has increased due to its accident prevention feature, which has made it popular among vehicles. This has led the component manufacturers to develop better and advanced featured camera for vehicles, which eventually leads to the growth of the automotive backup camera share.
Factors such as surge in number of fatalities leading to increased adoption of backup camera and rise in demand for passenger vehicles coupled with safety and security concerns among consumers are driving the growth of automotive backup camera industry. However, high installation cost of the rear camera is expected to hamper the growth of the automotive backup camera market share.
Further, rise in trend of installing advanced driving system and legislations mandating installation of cameras in vehicles are expected to create numerous opportunities for the expansion of the automotive backup camera market.
𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲 :
Based on position, the surface mounted automotive backup camera system generated the highest revenue in 2018.
Based on vehicle type, the passenger vehicle segment was the highest revenue contributor in 2018.
Based on region, North America contributed the highest automotive backup camera market revenue in 2018, followed by Europe, Asia-Pacific and LAMEA.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/request-sample/6266
𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
Aptiv PLC,
Continental AG,
Delphi Technologies,
Magna International,
OmniVision Technologies,
Pyle,
Robert Bosch GmbH,
Stonkam AG,
Valeo, and Yada.
𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :
Electric Tuk-tuks Market
https://www.alliedmarketresearch.com/electric-tuk-tuks-market-A08913
Automotive Natural Gas Vehicle Market
https://www.alliedmarketresearch.com/automotive-natural-gas-vehicle-market-A09132
Automotive Brake Pad Market
https://www.alliedmarketresearch.com/automotive-brake-pad-market-A07214
Motorized Quadricycle Market
https://www.alliedmarketresearch.com/motorized-quadricycle-market-A14499
𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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.
David Correa
Allied Market Research
+1 800-792-5285
email us here
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