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Automotive Back-up Camera Market Key Opportunity, Analysis, Growth, Trends 2032

 An automotive back-up camera is a special kind of camera (video) which is produced precisely for the motive to be mounted to the rear side of a vehicle to support in backing up. These are specially designed to avoid back-up accident by a vehicle. These camera are commonly attached to the vehicle head unit display. The rear-view system increase the visibility for driver, and identifies additional information for combination with other parking systems and supports also trailer functions. A mountable camera concept offers from viewing only level up to active break and steering support different setups.

By 2022, the sales of automotive back-up camera are predicted to provide an additional market potential of more than US$ 2.6 billion, growing at a startling CAGR of between 8 and 9 percent from 2022 to 2032. Compared to the US$ 2.3 Bn recorded in 2021, the market for vehicle backup cameras is predicted to surpass US$ 5 Bn by the end of 2032.

Earlier (in 1991), Toyota Soarer Ltd. was the first production automobile to in-corporate a back-up camera in the U.S. Since being launched in luxury cars, back-up visibility systems have initiated to enter into non-luxury light vehicle market as original equipment manufacturer. Additionally, after-market options have been available over the past ten years.  The new regulations gave rise to an evolution that has taken back-up cameras from pricey luxury to industry standards.

Automotive Back-up Camera Market: Regional Outlook

Region wise, North America will be a prominent region for automotive back-up camera market owing to maximum OEMs are installing back-up cameras in the United States more than doubled, increasing from 30% to 60% of all new cars sold. Moreover, National Highway Traffic Safety Administration has made rear view cameras mandatory on all cars by 2018. Also, Europe is also estimated to be a notable region for the demand for automotive Back-up camera market owing to the presence of most of the manufacturers. Most of the M&HCVs and light commercial vehicle (LCV) in Asia-Pacific are not equipped with a back-up camera that opens a wide opportunity for back-up camera vendors. MEA and Asia-Pacific is thus expected to be increasing at substantial CAGR over the forecast period.

Automotive Back-up Camera Market: Market Participants

Some of the market participants/vendors identified in the Automotive Back-up Camera Market across the world are:

  • Denso Corporation
  • Magna International
  • Valeo SA
  • Robert Bosch
  • Continental AG
  • Delphi Automotive
  • Astral
  • Fabtec
  • Garmin Ltd.

The report covers exhaustive analysis on:

  • Market Segments of Automotive Back-up Camera
  • Market Dynamics of Automotive Back-up Camera
  • Market Size of Automotive Back-up Camera
  • Supply & Demand of Automotive Back-up Camera
  • Current Trends/Issues/Challenges of Automotive Back-up Camera
  • Competition & Companies involved of Automotive Back-up Camera
  • Technology of Automotive Back-up Camera
  • Value Chain of Automotive Back-up Camera

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Automotive Back-up Camera Market: Segmentation

On the basis of vehicle type

  • Light Commercial Vehicle (LCV)
  • Passenger car (PC)
  • Heavy Commercial Vehicle (HCV)
  • Construction Vehicle

On the basis of monitor

  • LCD
  • LED
  • TFT-LCD

On the basis of position

  • Surface Mounted Automotive Back-up Camera
  • Flush Mounted Automotive Back-up Camera
  • License Mounted Automotive Back-up Camera

On the basis of sales channel

  • After-Market
  • OEM

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance

For More Info@ https://www.futuremarketinsights.com/reports/automotive-back-up-camera-market

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