Market Size of Russia Automotive Camera Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 15.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Russia Automotive Camera Market Analysis
The Russia Automotive Camera Market is anticipated to register a CAGR of over 15% during the forecast period (2020 - 2025).
- The increasing demand for automobiles, growing safety concern among customers, mandatory government norms, advanced innovation technology, rapid adoption of ADAS and availability of low-cost parking cameras and sensors in aftermarket are some of the major drivers of growth of the market.
- Customers are more likely to prefer the latest advancements in the camera technology such as 360 degrees camera that captures the image from multiple cameras and display a consolidated image on split screen.
- Government strict norms such as installing vehicles with advanced safety features like ADAS. European authorities make installation of Automotive Emergency Braking (AEB) and Forward Collision Avoidance/Warning System mandatory by 2020. This is likelyto boost the sales of automotive cameras over the forecast period.
