Market Size of Asia Pacific Automotive Camera Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 14.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Automotive Camera Market Analysis
The Asia-Pacific automotive camera market is expected to register a CAGR of over 14% during the forecasted period (2020 - 2025)
- This region holds a significant share in the automotive camera market of the world. Factors such as increasing market penetration of premium cars and safety installations per vehicle are accelerating the demand for automotive night vision systems and driver monitoring systems. The automotive industry in Asia-Pacific region is expected to continue the rapid technology evolution over the next few years, following the active safety trend evident in North America and Europe.
- The Asia-Pacific region has seen growing economy, and the disposable income of middle-class consumers. This, in turn, reflects positively on the growing demand for vehicles. Over the past five years, owing to the low production costs in the country, vehicle production has gone up drastically. Moreover, the Chinese government has also cut down the taxes on cars, to increase cars' sales. China is also one of the largest exporters of cars and automotive components. The trend of increasing car production in this region is expected to boost the market growth.
