Market Size of UK Automotive Camera Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UK Automotive Camera Market Analysis
The United Kingdom Automotive Camera Market is projected to grow with a CAGR of more than 5 % during the forecast period.
- The presence of leading automobile manufacturers as well as the component manufacturers is driving the growth in the region. However, the factors such as Brexit, global slowdown in the automobile industry and the ongoing Covid-19 situation has impactedd the market negatively but these effects are not going to remain forever, these are short term factors and will be overcomed in the near future. Recovery is estimaded from the second half of the year 2021 and after that the markets are expected to witness a high demands.
- With the increase in adoption of driver assist systems like, parking assistance, Advanced Driver Assistance Systems and with the ongoing experiments and trials for self-driving and autonomous vehicles use of cameras in automobiles is growing with a high rate.
- The adaption rate of new technology in the country is very high. There are various big players present in the country, making luxurious vehicles like Rolls Royce, Jaguar, Land Rover and many more. These brands are including latest technologies in their vehicles to attract premium customers. For instance, in February 2019, Jaguar Launched new model XE, with a video based rear view mirror, which uses a rear-facing video camera to display what's going on behind the car via the frameless high-definition display.
