The Automotive Camera and Integrated Radar and Camera Market is expected to increase significantly from its current size of USD 6.1 billion in 2021 to reach a healthy USD 10.1 billion by 2026. This projected growth is an impressive Compound Annual Growth Rate (CAGR) of 10.5% for the entire forecast period. A number of causes, such as the growing incorporation of sophisticated camera and radar systems in vehicles to improve safety, driver assistance, and autonomous features, are driving the increase. The automobile industry's ongoing pursuit of technical innovation, motivated by the demand for safer and more intelligent vehicles, is demonstrated by the market's development.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=192470273
The pandemic-related supply chain disruptions have had a considerable impact on the market. These disruptions have brought about a wave of difficulties, highlighting the interconnectivity of industries around the world. Lockdown measures, a crucial component of the pandemic response, have made these problems even worse by limiting labour mobility and obstructing operations. Due to travel limitations, businesses have had trouble finding the essential labour, which has a negative impact on their operational continuity. Businesses have been prompted to rethink and reinforce their strategies as a result of the confluence of circumstances that have highlighted the crucial significance of robust and flexible supply chains. The widespread consequences of the pandemic serve as a sobering reminder of the necessity for flexible supply chain systems that can handle unforeseen disruptions while preserving operational reliability.
The Automotive Camera and Integrated Radar and Camera Market is anticipated to fully recover by 2021 after experiencing a brief decrease in 2020. This resurgence is supported by a growing need for high-tech security systems in cars, which is emerging as a key growth driver. The growing demand for sophisticated safety systems in premium class vehicles, which reflects consumers' growing emphasis on safety features, is another factor driving the market. Additionally, it is projected that the constant development of laws requiring improved safety features in automobiles would give the market a strong tailwind as it grows. Collectively, these elements highlight the dynamic revolution currently occurring in the automobile industry, where cutting-edge technologies are essential to maintaining both driver and passenger safety, ultimately altering the field of vehicle security.
Robert Bosch (Germany), Continental AG (Germany), Valeo SA (France), Aptiv PLC (Ireland), Magna International (Canada), ZF Friedrichshafen (Germany), Veoneer, Inc. (Sweden), Nidec Corporation (Japan), Intel Corporation (US) and Infineon Technologies (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
Robert Bosch
Within the market for automotive cameras and integrated radar and cameras, Robert Bosch has become a key player. The business, which operates through its Mobility Solutions section, has established itself as a significant supplier of vehicle camera products. This market category includes a wide range of products and services, such as injection technology, internal combustion engine powertrain accessories, powertrain electrification options, vehicle safety systems, driver assistance technologies, and automated operations. Furthermore, Bosch is a leader in user-friendly infotainment technology, connectivity between vehicles and infrastructure, repair shop designs, and after-sale automotive services. Bosch's product line for automotive cameras includes near-range cameras, MPC3 cameras designed exclusively for self-driving cars, stereo video cameras, multi-camera systems and multi-purpose cameras. With its broad range of products, Bosch demonstrates its essential role in promoting innovation throughout the automotive sector and advancing automation, convenience, and safety in contemporary automobiles.
Continental AG
Within the market for automotive cameras and integrated radar and cameras, Continental AG is a strong competitor. A leader in the production of a wide range of automotive parts, including bicycle tyres, brake systems, shock absorbers, and gearbox items, as well as industrial solutions like conveyor belting and sealing systems, the firm is renowned for its broad product line. Continental AG, a well-known provider to the automotive and industrial industries, is a leader in software development, particularly for automated driving and driver assistance systems. Through its ContiTech business division, it offers products and services for the automobile sector. The ProViu ASL360, surround view cameras, cameras integrated with lidar technology, multi-function cameras with lidar capabilities, rearview cameras, mono cameras, surround view cameras like the SVC210 model, multi-function mono cameras under the MFC4xx series, and camera cleaning systems are just a few of the products offered by Continental AG in the world of automotive cameras. The numerous contributions made by Continental AG illustrate the company's crucial role in developing contemporary automotive safety solutions and raising the bar for the sector's capabilities.
News Covered:
https://www.prnewswire.com/news-releases/automotive-camera-and-integrated-radar-and-camera-market-worth-10-1-billion-by-2026--exclusive-report-by-marketsandmarkets-301268644.html
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.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
