Market Forecast: Automotive Camera and Integrated Radar and Camera Market Projected to Reach $10.5 Billion by 2026

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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.
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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 _at_
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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).
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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.
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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 _at_ https//www.marketsa
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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 markets 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.
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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.
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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 -
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