As cited by 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 worth USD 6.1 billion in 2021 and is projected to grow with a CAGR of 10.5% over 2021-2027 to accumulate USD 12.27 billion by the end of study duration.
 

Report findings suggest that global automotive camera and integrated radar and camera market is driven by factors such as rising advancements in camera-based driver assistance sensors, and escalating aftermarket sales of parking cameras. Additionally, growing demand for advanced security systems is propelling the market growth.
 

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Furthermore, inclination to accommodate new technology along with increased production output are creating lucrative prospects for the business scenario. Moreover, stricter regulations for installing safety features in vehicles is expected to augment the market outlook.
 

On the downside, impact of Covid-19 pandemic leading to disruption in the supply chain has affected the market progression in the recent past.
 

Based on type, worldwide automotive camera and integrated radar and camera market is segmented into camera, automotive camera, and integrated radar. On the basis of view type, the industry is divided into front view, surround view, and rearview. Speaking of vehicle type, the business space is categorized into passenger vehicle, and commercial vehicle. Moving on to application range, the marketplace is classified into ADAS, and park assist.
 

Geographically, Asia Pacific, Europe, North America, and Latin America are the key contributors to worldwide automotive camera and integrated radar and camera industry valuation. Of these, Europe is projected to be a major growth hub for the market over 2021-2027, owing to development in technology, evolving applications, and rising product demand in the region.
 

Whereas, Asia Pacific market is anticipated to witness lucrative growth trends over the forecast timeline. The factors like rapid industrialization, along with rising automobile production, and increasing incomes of individual leading to high standard of living are positively swaying the market dynamics in Asia Pacific region.
 

Leading players in worldwide automotive camera and integrated radar and camera industry are Infineon Technologies AG, Intel Corporation, Nidec Corporation, Veoneer Inc., ZF Friedrichshafen AG, Magna International Inc., Aptiv plc, Valeo SA, Continental AG, and Robert Bosch GmbH.