KEY FINDINGS
The United States automotive camera market is projected to progress with a CAGR of 17.71% in terms of volume and 13.20% in terms of revenue during the forecasting period. The country’s market growth is mainly credited to customers’ automotive preferences, the projects and plans launched by the government, and the high disposable per capita income. While the base year considered for the market study is 2020, the forecast years are from 2021 to 2026.
MARKET INSIGHTS
The United States government launched various plans and projects to facilitate the adoption of automotive cameras. The presence of an automotive camera in the vehicle inhibits accidents in various ways by helping the driver in garage parking, highway pilot, adaptive cruise control, blind spot detection, and valet parking, among others.
However, factors such as reduced car sales, vexing emission regulations, lack of investments in advanced vehicle technologies, as well as trade war with China have considerably hampered the United States automotive market. Moreover, as one of the most significant challenges presently faced by the automotive industry, the increasingly dynamic situation across automotive manufacturing has resulted in overcapacity. In this regard, the OICA asserts that 1,13,14,705 units, including recreational vehicles and cars, were assembled in the United States alone in 2018. As a result, these factors are set to influence the automotive camera market in the United States during the forecasting years.
COMPETITIVE INSIGHTS
Leading firms operating in the market are Brandmotion, Continental AG, Denso Corporation, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments