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Automotive Backup Camera Market Global Statistics, 2022-2027
by George Poter Market AnalystAccording to the latest report by IMARC Group, titled “Automotive Backup Camera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global automotive backup camera market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global automotive backup camera market reached a value of US$ 2.33 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.79 Million by 2027, exhibiting a CAGR of 8.30% during 2022-2027.
An automotive backup camera, commonly known as a rear-view camera, refers to a video camera attached to the back of a vehicle. It is specifically designed to assist the driver in reversing the automobile safely and prevent a backup collision. Automotive backup cameras are connected to a display screen that turns on automatically when the car is shifted into the reverse gear and shows real-time video of the area behind the vehicle. These systems provide enhanced visibility and prevent crashes and accidents by alleviating the rear blind spots. Automotive backup cameras are extensively available in aftermarkets and through original equipment manufacturers (OEMs) across the globe.
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COVID-19 Impact on Market: (Positive Impact)
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Automotive Backup Camera Market Trends and Drivers:
The escalating number of fatalities during vehicle reversing and the increasing concerns regarding the safety of passengers and pedestrians are primarily driving the automotive backup camera market. Besides this, the elevating product demand in commercial automobiles, such as tow trucks and trailers, that cover a larger area on the road and require assistance while parking or reversing is further augmenting the market growth.
Apart from this, the implementation of stringent regulations by the government bodies mandating the installation of backup cameras in all new passenger cars to reduce the risk of accidents is also catalyzing the global market. Moreover, the growing popularity of advanced driver assistance systems (ADAS) is acting as another significant growth-inducing factor. Furthermore, the rising sales of high-end automobiles, the inflating consumer disposable incomes, and continuous technological advancements are expected to bolster the automotive backup camera market in the coming years.
Global Automotive Backup Camera Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
- Borgwarner Inc.
- Continental Aktiengesellschaft
- DENSO Corporation
- Gentex Corporation
- HELLA GmbH & Co. KGaA (Hella Stiftung GmbH)
- Magna International Inc
- Omnivision Technologies Inc.
- Rear View Safety Inc. (Safe Fleet Holdings LLC)
- Robert Bosch GmbH
- Stonkam Co. Ltd.
- Valeo
- ZF Friedrichshafen AG.
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The report has segmented the market on the basis of region, vehicle type, position and sales channel.
Breakup by Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
Breakup by Position:
- Surface Mounted
- Flush Mounted
- License Mounted
Breakup by Sales Channel:
- Original Equipment Manufacturers (OEMs)
- Aftermarket
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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About George Poter 
Market Analyst
20 connections, 1 recommendations, 84 honor points.Joined APSense since, June 2nd, 2022, From Noida, India.
Created on Sep 14th 2022 01:15. Viewed 154 times.
