According to Reports and Data’s latest research, the global automotive camera module market is anticipated to witness magnanimous growth over the forecast years (2019-2027).

New York, NY -- (SBWire) -- 04/19/2021 --The global Automotive Camera Module Market research report added by Reports and Data is a comprehensive analysis of the latest trends and demands influencing the market growth. The report also covers a brief summary of the market values, analysis, market share, market size, industry statistics, market growth, top companies, market revenue, market valuation, and profit forecast. The report also covers the evolving competitive landscape and business strategies implemented by the major manufacturers of the market.
In the present day, it is essential to equip vehicles with advanced electronic image sensor systems to be able to follow road markings and information signs, especially during heavy traffic congestion. Automotive camera modules comprise image sensors and various camera components intended for automotive use installed inside or on the front or rear side of a vehicle for safety purposes.

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Automotive manufacturers are increasingly looking to incorporate state-of-the-art automotive imaging solutions, such as the Advanced Driver Assistance Systems (ADAS), into the vehicles for superior performance. Some of the other advanced automotive imaging solutions include Lane Departure Warning (LDW), Traffic Sign Recognition (TSR), Forward Collision Warning (FCW), Intelligent Headlight Control (IHC), Traffic Jam Assist (TJA), Automatic Emergency Braking (AEB), and Blind Spot Monitoring.

The report provides an assessment of the market status and outlook of the major regions of the market. It also covers product types, end user industries, applications, and key countries of the market. It also offers analysis of the top companies and analyzes the competitive hierarchy of the Automotive Camera Module Market. The report further discusses in detail the strategic alliances formed by the key manufacturers such as mergers and acquisitions, collaborations, joint ventures, partnerships, corporate and government deals, and brand promotions and product launches. It also offers a complete overview of the businesses, expansion plans, product portfolio, revenue contribution, market share, production and manufacturing capacity, and their financial standings.

The key factors conducive to market growth include the surging demand for automotive safety solutions, the rising demand for luxury electric vehicles, the booming automotive industry, technological enhancements in automotive imaging solutions, the growing demand for autonomous vehicle safety features, and the increasing government initiatives towards the introduction of advanced vehicle safety solutions. The amplifying use of ADAS and other automotive imaging solutions in passenger vehicles due to governmental vehicle safety mandates is a key growth propeller for the global market. For instance, the European Union has reportedly mandated the use of ADAS, LDW, and AEB systems in passenger vehicles in a bid to prevent road mishaps.

Contemporary luxury electric vehicles come with advanced automotive cameras with features like TRS, LDW, and pedestrian detection. Moreover, the escalating demand for these vehicles in highly developed and developing economies, owing to their enhanced features like lesser energy consumption, stringent emission norms, and the higher purchasing power of the populace, is another factor boosting the market growth.

However, the high costs of automotive camera systems and complications in real-time image processing for some cameras are among the significant factors impeding the global automotive camera module market's growth to a great extent.

The prominent players operating in the market include:
- Robert Bosch GMBH
- Jabil Optics
- Autoliv Inc.
- Continental AG
- Magna International Inc.

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The report broadly assesses the geographical terrain of the Automotive Camera Module Market and segments the market into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The report offers market analysis and significant information regarding the industry share and revenue share generated by each major region along with the drivers, demands, current and emerging trends, and presence of key players in the region.

Regional analysis of the Automotive Camera Module Market include:
- North America (U.S., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of EU)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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Automotive Camera Module Market segmentation based on Product Types:
- Single-view System
- Multi-camera System

Automotive Camera Module Market segmentation based on Application:
- Advanced Driver Assistance Systems (ADAS)
- Lane Departure Warning (LDW)
- Park Assists (PA)
- Blind Spot Detection (BSD)
- Adaptive Cruise Control (ACC)
- Autonomous Emergency Braking (AEB)

The report covers vital information about the market share of each product type, revenue growth rate of segment, and profit valuation. It also provides information on the key segments expected to account for a significant share of the market in the forecast period. The report covers predicted growth rate, market share, and expected product demand for each application and product type. Additional information about the industry analysis, price trends, and the marketing strategies that are expected to drive the revenue growth of the market.

The report includes a holistic analysis of the COVID-19 impact on the global automotive camera module market. The coronavirus pandemic has emerged as a significant hindrance to the global automotive industry. The pandemic-induced lockdown restrictions have temporarily suspended vehicle production and disrupted the supply chains, grinding the major industrial operations to a halt.

Highlights of the TOC:

1. Report Overview
1.1 Research Scope
1.2 Key Automotive Camera Module Market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
2. Global Growth Trends
2.1 Global Automotive Camera Module Market size
2.2 Latest Automotive Camera Module Market trends
2.3 Key growth trends
3. Competitive Landscape
3.1 Global Automotive Camera Module Market key players
3.2 Global Automotive Camera Module Market size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Automotive Camera Module Market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances

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