The Automotive Camera and Integrated Radar and Camera Market is expected to rise from USD 6.1 billion in 2021 to USD 10.1 billion by 2026. This significant expansion is anticipated to happen between 2021 and 2026 at a compound annual growth rate (CAGR) of 10.5%. The advanced driver assistance systems (ADAS) and rising demand for safety features in automobiles are responsible for the market's strong success. These integrated camera and radar systems are essential for improving auto safety and making autonomous driving functions possible. The market for these integrated solutions is positioned for tremendous growth as the automobile industry continues to prioritise innovation and higher safety regulations.

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Several important aspects are what are fueling the growth of the market for automotive cameras and integrated radar and cameras. The first factor driving the increased adoption of these integrated camera and radar solutions is the rising demand for high-tech security and safety systems, notably in the automotive industry. Additionally, premium segment vehicles are progressively implementing cutting-edge vehicle safety systems due to rising consumer expectations for safety features, which supports market expansion. The use of integrated camera and radar systems is also being accelerated by regulatory organisations in various locations implementing strict regulations for safety features in automobiles. These elements taken as a whole illustrate the market's promising growth prospects and emphasise the crucial role that these solutions play in boosting automobile safety and adhering to changing industry norms.

Integrated Radar and Camera is expected to grow at the highest rate during forecast period.

The Automotive Camera and Integrated Radar and Camera Market's Integrated Radar and Camera segment is anticipated to grow at the greatest rate during the anticipated period. Due to the combination of camera and radar components into a single module, this market segment is a unique one. Adaptive Cruise Control (ACC), Forward Collision Warning (FCW), collision mitigation or avoidance through autonomous braking, and Lane Departure Warning (LDW) are just a few of the safety applications that this integrated module is used for in automobiles. The Integrated Radar and Camera System can significantly lower sensor costs by placing both the camera and the radar inside of a single module. Additionally, this integration enables the use of standard or shared electronics and signal processing.

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Front-View Segment to account for the largest size of the Automotive Camera and Integrated Radar and Camera Market in 2021

From 2021 to 2026, the front-view category is anticipated to account for the greatest market share in the automotive camera and integrated radar and camera market. This expansion is mostly related to the rising demand for Advanced Driver-Assistance Systems (ADAS) features, which call for keeping an eye on the road in front of you in order to drive safely and legally. Front-view cameras play important roles in ADAS and dash camera applications. Active safety and driver assistance features including autonomous emergency braking (AEB), adaptive cruise control (ACC), lane-keeping assist systems (LKAS), and traffic jam assist (TJA) are considerably improved by these cameras. Additionally, the front-view market is developing as connected and driverless vehicles become more commonplace and ADAS is being used by more people.

ADAS application is expected to grow at the highest rate during forecast period.

During the projected period, the Advanced Driver-Assistance Systems (ADAS) segment is anticipated to increase at the fastest rate. This rapid growth can be ascribed to a number of things, including increased consumer awareness of vehicle safety ratings and falling component costs as a result of cameras and radars' extensive use in the automotive sector. To raise car safety ratings and expand their customer base, top original equipment manufacturers (OEMs) are progressively implementing ADAS technologies. Underscoring the rising demand for ADAS solutions in the Automotive Camera and Integrated Radar and Camera Market, these OEMs are moving to standardise safety systems across their car models or provide them as extra features.

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The adoption of Advanced Driver-Assistance Systems (ADAS) features is expected to dramatically increase demand for a variety of automotive industry components. These parts include system-on-chip (SoC) solutions, automobile cameras, integrated radar and camera systems, receivers, and transmitters. The rising adoption of ADAS features by various auto Original Equipment Manufacturers (OEMs) is just one of the factors fueling the market's growth. Government regulations encouraging the incorporation of cutting-edge safety features in vehicles, the level of vehicle autonomy rising, and the increasing demand for safety features among end users are all factors driving the market's expansion.

Europe is projected to be the largest market for Automotive Camera and Integrated Radar and Camera from 2021 to 2026.

From 2021 to 2026, Europe is anticipated to be the world's largest market for automotive cameras and integrated radar and camera systems. Numerous causes, such as significant technological breakthroughs, the advent of new applications, increased demand for these systems, and the existence of a booming automobile industry in the area, are responsible for this prominent position. Because they generate significant demand for these cutting-edge technologies, these favourable conditions are anticipated to contribute to the sustained growth of the automotive camera and integrated radar and camera market in Europe. This will increase automotive safety, convenience, and functionality in the area.

Key Players

Robert Bosch GmbH (Germany), Aptiv PLC (Ireland), ZF Friedrichshafen (Germany), Continental AG (Germany), Valeo SA (France), Magna International (Canada), and Veoneer Inc. (Sweden), Nidec Corporation (Japan), Intel Corporation (US), Infineon Technologies AG (Germany), are some of the major players in Automotive Camera and Integrated Radar and Camera Market.

News Covered:

https://www.globenewswire.com/en/news-release/2023/01/06/2584387/0/en/Mobile-Video-Surveillance-Market-Size-is-Anticipated-to-Gain-USD-3-6-Bn-by-2027.html

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