Market Size of Mexico Automotive Camera Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 148.12 Million |
| Market Size (2029) | USD 240.32 Million |
| CAGR (2024 - 2029) | > 8.45 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Automotive Camera Market Analysis
The Mexico Automotive Camera Market size is estimated at USD 148.12 million in 2024, and is expected to reach USD 240.32 million by 2029, growing at a CAGR of greater than 8.45% during the forecast period (2024-2029).
Increasing demand for luxury cars in the United States, Canada, and Mexico, followed by the demand and increase in installation of safety and driver assistance systems in the light of the regulatory standards of the Corporate Average Fuel Economy (CAFÉ) and Federal Motor Vehicle Safety Standard (FMVSS) would drive the automotive camera market in the region significantly.
Automotive cameras are vulnerable to damage and are not all-weather sensors yet. However, with the increase in the adoption of automotive cameras, manufacturers are focusing on the optimization of the vehicle sensor architecture in order to achieve significant adoption in the market.
Advanced driver-assistance system (ADAS) features are mostly dependent on cameras for recognizing other vehicles, pedestrians, obstacles, traffic signs, and lane lines. After that, the cameras send the information to supporting software which initiates a particular response by the vehicle according to the conditions.
