According to the research report titled ‘Global Automotive Camera and Integrated Radar and Camera Market Size study, by Type (Automotive Camera, Integrated Radar and Camera), View Type (Front View, Rearview, Surround view), Vehicle Type (Passenger Vehicle, Commercial Vehicle), Application (ADAS, Park Assist) and Regional Forecasts 2020-2027’, available with Market Study Report, global automotive camera and integrated radar and camera market was assessed at USD 6.1 billion in 2021 and is speculated to be worth USD 12.27 billion by 2027, witnessing a y-o-y growth rate of 10.5% between 2021-2027.  
 

Surging developments in camera based drive assistance sensors, aftermarket sales of parking cameras, and evolution of automotive safety systems are key factors spurring global automotive camera and integrated radar and camera market growth. Moreover, rising demand for modern security systems in vehicles, constant innovations, and large scale production of automotive camera sector will drive industry expansion as well.
 

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While strict regulations and installation of safety features in vehicles will boost market proliferation, Covid-19 impact with resulting disruption in operations and supply chain functioning will hinder worldwide automotive camera and integrated radar and camera market growth over the analysis period.
 

As per view type, the industry is categorized into surround view, rear view, and front view. Different vehicle types are commercial vehicle, and passenger vehicle. While application scope ranges from ADAS to park assist.
 

Regionally speaking, Europe held majority of the industry share in the recent past due to emerging applications and demand for the product, in consort with technological developments.
 

Meanwhile, Asia Pacific automotive camera and integrated radar and camera industry is projected to witness significant growth through 2027, owing to growing automobile production, and rapid industrialization. High standard of living, along with growing disposable income are also major contributing factors for expansion of Asia Pacific market.
 

Key players shaping global automotive camera and integrated radar and camera market dynamics are Infineon Technologies AG, ZF Friedrichshafen AG, Robert Bosch GmbH, Aptiv plc, Nidec Corporation, Valeo SA, Intel Corporation, Continental AG, Veoneer Inc., and Magna International Inc.