Top Trends Driving the Automotive Camera Market to $10.1 Billion by 2026
A strong growth trajectory for the global market is highlighted in the research " Automotive Camera and Integrated Radar and Camera Market by Type (Automotive Camera, Integrated Radar and Camera), Application (ADAS, Park Assist), View Type, Vehicle Type, and Geography - Global Forecast to 2026." Forecasted to develop at a compound annual growth rate (CAGR) of 10.5% over the course of the projection period, this market is likely to rise from USD 6.1 billion in 2021 to USD 10.1 billion by 2026. Technological developments in autonomous driving and vehicle safety are the main drivers of this rise. The market demand is being driven up significantly by the rising integration of radar and camera systems, as well as the adoption of Advanced Driver Assistance Systems (ADAS) and park assist features. Numerous important factors are driving the growth of the automotive camera and combined radar and camera markets. First off, as consumers place a higher priority on car safety and securi...