Market Size of North America Automotive Camera Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 18.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Automotive Camera Market Analysis
The North America automotive camera market is poised to register a CAGR of over 18% during the forecast period (2020-2025).
- Increasing demand for luxury cars in the United States, Canada followed by the demand and increase in installation of safety and driver assistance systems in the light of the regulatory standards of CAFÉ, and FMVSS would drive the automotive camera market in the region significantly.
- Automotive cameras are vulnerable to damage and are not an all-weather sensor 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.
- ADAS features 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 initiatesparticular response by the vehicle according to the conditions.
