With a striking CAGR of between 8 and 9 percent from 2022 to 2032, the sales of automobile backup cameras are expected to generate an additional market potential of more than US$ 2.6 billion by 2022. The Automotive Back-up Camera Market is expected to cross US$ 5 Billion by the end of 2032, up from the US$ 2.3 Billion reported in 2021.
A unique type of camera (video) created specifically for the purpose of being mounted to the rear of a vehicle to assist in backing up is known as an automobile back-up camera market these were created specifically to prevent automobile accidents when backing up. These cameras are frequently fastened to the head unit screen of the car. Rear-view systems improve driver visibility, identify extra data for use in conjunction with other parking systems, and enhance trailer functions. A mountable camera design allows several installations, ranging from watching just at the lowest level to active brake and steering support.
The Toyota Soarer Ltd. was earlier (in 1991) the first production car in the United States to include a backup camera. Back-up visibility systems have started to infiltrate the non-luxury light vehicle market as original equipment manufacturers since they were introduced in premium automobiles. Over the past ten years, after-market options have also become accessible. An evolution resulted from the new rules, which that has taken back-up cameras from pricey luxury to industry standards.
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Automotive Back-up Camera Market: Regional Outlook
Region wise, North America will be a prominent region for automotive back-up camera market owing to maximum OEMs are installing back-up cameras in the United States more than doubled, increasing from 30% to 60% of all new cars sold. Moreover, National Highway Traffic Safety Administration has made rear view cameras mandatory on all cars by 2018. Also, Europe is also estimated to be a notable region for the demand for automotive Back-up camera market owing to the presence of most of the manufacturers. Most of the M&HCVs and light commercial vehicle (LCV) in Asia-Pacific are not equipped with a back-up camera that opens a wide opportunity for back-up camera vendors. MEA and Asia-Pacific is thus expected to be increasing at substantial CAGR over the forecast period.
Automotive Back-up Camera Market: Market Participants
Some of the market participants/vendors identified in the Automotive Back-up Camera Market across the world are:
- Denso Corporation
- Magna International
- Valeo SA
- Robert Bosch
- Continental AG
- Delphi Automotive
- Astral
- Fabtec
- Garmin Ltd.
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The report covers exhaustive analysis on:
- Market Segments of Automotive Back-up Camera
- Market Dynamics of Automotive Back-up Camera
- Market Size of Automotive Back-up Camera
- Supply & Demand of Automotive Back-up Camera
- Current Trends/Issues/Challenges of Automotive Back-up Camera
- Competition & Companies involved of Automotive Back-up Camera
- Technology of Automotive Back-up Camera
- Value Chain of Automotive Back-up Camera
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Automotive Back-up Camera Market: Segmentation
On the basis of vehicle type
- Light Commercial Vehicle (LCV)
- Passenger car (PC)
- Heavy Commercial Vehicle (HCV)
- Construction Vehicle
On the basis of monitor
- LCD
- LED
- TFT-LCD
On the basis of position
- Surface Mounted Automotive Back-up Camera
- Flush Mounted Automotive Back-up Camera
- License Mounted Automotive Back-up Camera
On the basis of sales channel
- After-Market
- OEM
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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