According to the research report titled ‘Global Automotive Camera Module Market 2022-2028’, available with MarketStudyReport, global automotive camera module market is anticipated to record a CAGR of 15.9% over 2022-2028, thus amassing USD 22371 million by the end of forecast period.

As per report citing, growing aftermarket sales of parking cameras, developments in camera-based driving assistance systems, and increasing focus on automotive safety are the major growth catalysts for global automotive camera module market.

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Notably, camera systems are being used for a growing number of applications in automobiles to enhance driving experience. These cameras are intended to aid drivers by reducing blind spots, monitoring roads and avoiding vehicles & objects while parking.

The research offers in-depth insights into the present market situation. It highlights the most recent trends and drivers in the worldwide automotive camera module market. The influence of the COVID-19 outbreak on the global economy as well as market outlook is also examined in this study.

Based on product terrain, the industry is divided into in-vehicle camera, rear view camera, side view camera, and front view camera. In terms of levels of automation, the market is branched into level 3-5, level 2, and level 1. On the basis of vehicle type, the marketplace is bifurcated into commercial vehicles and passenger cars. Information pertaining to industry share, growth rate, and promising opportunities related to these sub-segments is entailed in the report.

Coming to competitive arena, ZF Friedrichshafen AG, Valeo S.A., Suzhou INVO Automotive Electronics Co., Ltd., Sony Group Corporation, Shenzhen Longhorn Automotive Electronic Equipment Co., Ltd., Samsung Electro-Mechanics Co., Ltd., Panasonic Corporation, MCNEX Co., Ltd., Magna International Inc., LG Innotek Co., Ltd., Kyocera Corporation, Hella KGaA Hueck & Co., Gentex Corporation, Fujitsu Limited, Continental AG, and Autoliv Inc. are the leading players in worldwide automotive camera module market.

The study also monitors and analyses competitive changes in the market, such as collaboration, mergers & acquisitions, exclusive & license agreements, and R&D activities.