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.With a striking CAGR of between 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.
An car back-up camera is a special kind of camera (video) designed with the goal of being fixed to the back of a vehicle to help with backing up. These were made expressly to prevent auto accidents when backing up. These cameras are typically attached to the car’s head unit display. Rear-view systems enhance trailer functions, increase driver visibility, and identify additional data for use in conjunction with other parking systems. A mountable camera design enables a variety of installations, from simple low-level monitoring to active braking and steering help.
The first manufacturing vehicle in the US to use a backup camera was the Toyota Soarer Ltd. in 1991. Since being debuted in high-end vehicles, back-up visibility systems have begun to appear as original equipment manufacturers in the non-luxury light vehicle market. The availability of after-market choices has also increased during the previous ten years. The new regulations caused an evolution, elevating backup cameras from an expensive luxury to a standard in the industry.
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Automotive Back-up Camera Market: Regional Outlook
Due to the fact that more OEMs are installing back-up cameras in North America than any other region, from 30% to 60% of all new cars sold, the region will dominate the automotive back-up camera industry. Additionally, by 2018, the National Highway Traffic Safety Administration will require rearview cameras on all vehicles. Due to the presence of the majority of manufacturers, Europe is also thought to be a significant region for the need for car backup cameras. The lack of a backup camera in the majority of M&HCVs and light commercial vehicles (LCV) in Asia-Pacific presents a significant market opportunity for manufacturers of backup cameras. Thus, MEA and Asia-Pacific are anticipated to experience significant CAGR growth throughout 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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