Global Automotive Camera Module Market Projected to Reach 16.1 $Billion by 2020

Date: 2016-09-11

North America is leading the global Automotive Camera Module market which is projected to grow at the highest CAGR, of 13.6% over 2016 to 2020. This is mainly attributed to the growing influence of New Car Assessment Program with the increasing installation of ADAS in passenger cars and light commercial vehicles in the North American region. The region is also estimated to account for the largest market share, in terms of value, in 2015, with the U.S. being a key contributor to the growth of the automotive camera & camera module market.

As the production of passenger cars and light commercial vehicles is the main factor to grow the Automotive Camera Module market, worldwide automobile production exceed 90 million in 2015, and 93 million automobiles expected be produced in 2016; some 68.56 million cars were produced worldwide and about 22.12 million such vehicles were produced globally in 2015, under increasing production of vehicles, the global Automotive Camera Module Market is estimated to reach a revenue of 16.1 $Billion by 2020.

The automotive camera module market is segmented on the basis of application type into LDW, ACC, BSD, NVS, DMS, PAS, PDS, and RSR. A vast majority of vehicles are equipped park assist system; therefore, this segment is estimated to account for the largest market share. However, the lane departure warning segment is projected to grow at the highest CAGR of 14.7% from 2016 to 2020. 

The automotive camera module market has been further segmented by camera technology type into digital camera, thermal camera, and infrared camera. The digital camera market in terms of value is estimated to dominate the global automotive camera market in 2015. However, the infrared camera market in terms of value is projected to grow at the highest CAGR of 14% during the forecast period.

Global Automotive Camera Module market share by type as following:

automotive-camera-module

Read Full Report:  http://www.gosreports.com/global-automotive-camera-module-industry-2016-market-research-report/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 001-510-400-8520
Web: www.gosreports.com
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