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Automotive Camera and Integrated Radar and Camera: A $10.5 Billion by 2026

Automotive camera and integrated radar and camera market to grow from USD 6.1 billion in 2021 to USD 10.1 billion by 2026; at CAGR of 10.5%.

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Automotive Camera and Integrated Radar and Camera: A $10.5 Billion by 2026

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  1. MarketsandMarkets Presents The Global Automotive Camera and Integrated Radar and Camera Market Size is projected to grow from USD 6.1 billion in 2021 to USD 10.1 billion by 2026; it is expected to grow at a CAGR of 10.5% from 2021 to 2026. The key factors fueling the growth of this market include increasing demand for advanced security systems, rising demand for vehicle safety systems for premium segment vehicles, and increasing number of regulations mandating safety features in vehicles.

  2. MarketsandMarkets Presents Integrated Radar and Camera is expected to grow at the highest rate during forecast period. The Integrated Radar and Camera Segment is expected to register a higher growth rate during the forecast market. It is currently a niche market. An Integrated Radar Camera System includes camera and radar components housed in a single module. The module can be employed in a vehicle for safety applications such as ACC, forward collision warning (FCW), collision mitigation or avoidance via autonomous braking, and LDW. The integration of the camera and the radar into a single module results in a reduction in sensor costs. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1924 70273

  3. MarketsandMarkets Presents Front-View Segment to account for the largest size of the Automotive Camera and Integrated Radar and Camera Market in 2021 The front view segment is projected to account for the largest size of the Integrated Radar and Camera Market from 2021 to 2026. The growth of this segment is driven by the increasing demand for ADAS functions to monitor the traffic ahead to enable the car to maintain a safe and legal speed, stay in its lane, keep its distance with vehicles ahead, and react to emergencies. Front view cameras are mainly used for dash camera applications and ADAS applications. ADAS front view cameras enhance active safety and driver assistance functions, such as autonomous emergency braking (AEB), adaptive cruise control (ACC), lane-keeping assist system (LKAS), and traffic jam assist (TJA).

  4. MarketsandMarkets Presents Front-View Segment to account for the largest size of the Automotive Camera and Integrated Radar and Camera Market in 2021 Rising trends of connected vehicles and autonomous vehicles and the growing adoption of ADAS drive the growth of the front view segment. Increasing encouragement from governments for OEMs to adopt advanced safety features in vehicles and growing preference of end users for advanced safety features are the major factors driving the growth of ADAS in vehicles, which, in turn, drives the demand for front view automotive cameras.

  5. MarketsandMarkets Presents ADAS application is expected to grow at the highest rate during forecast period. The ADAS segment is projected to grow at a higher CAGR during the forecast period. Increasing awareness about vehicle safety ratings and decreasing component costs due to extensive adoption of cameras and radars will fuel the Automotive Camera and Integrated Radar and Camera Market for ADAS. Major OEMs are embracing ADAS solutions to achieve higher safety ratings to attract more consumers. Leading OEMs either standardize safety systems across models or offer them as additional features. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=192 470273

  6. MarketsandMarkets Presents ADAS application is expected to grow at the highest rate during forecast period. Thus, the increasing penetration of ADAS features will boost the demand for components such as automotive cameras, integrated radar and camera systems, receivers, transmitters, and system-on-chip (SoC) during the forecast period. The market’s growth is driven by factors such as the rising adoption of ADAS in vehicles by different automobile OEMs, growing push through government mandates to introduce advanced safety features in vehicles, increasing level of vehicle autonomy, surging demand for safety features in vehicles by end users, and rising number of cameras adopted per vehicle.

  7. MarketsandMarkets Presents Europe is projected to be the largest market for Automotive Camera and Integrated Radar and Camera from 2021 to 2026. Europe accounted for the largest share of the Automotive Camera and Integrated Radar and Camera Market in 2020. Some of the major drivers for the growth of the market in Europe include the technological developments within the country, emerging applications, demand for Automotive Cameras and Integrated Radar and Camera Systems in the region, and the presence of a strong automotive industry in the region. These factors would further boost the Automotive Camera and Integrated Radar and Camera Market in Europe. This, in turn, has created a significant demand for Automotive Camera and Integrated Radar and Camera.

  8. MarketsandMarkets Presents Key Players Robert Bosch GmbH (Germany), Aptiv PLC (Ireland), ZF Friedrichshafen (Germany), Continental AG (Germany), Valeo SA (France), Magna International (Canada), and Veoneer Inc. (Sweden), Nidec Corporation (Japan), Intel Corporation (US), Infineon Technologies AG (Germany), are some of the major players in Automotive Camera and Integrated Radar and Camera Market. Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/automotive- integrated-radar-camera-market-192470273.html

  9. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

  10. MarketsandMarkets Presents Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/automotive- integrated-radar-camera.asp

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