Automotive Multi Camera Systems

Automotive Multi Camera Systems

Global Automotive Multi Camera Systems Market to Reach $3.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Multi Camera Systems estimated at US$970.4 Million in the year 2020, is projected to reach a revised size of US$3.2 Billion by 2027, growing at aCAGR of 18.8% over the period 2020-2027. Parking, one of the segments analyzed in the report, is projected to record 15.7% CAGR and reach US$1.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the ADAS segment is readjusted to a revised 23.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $287.2 Million, While China is Forecast to Grow at 18.3% CAGR

The Automotive Multi Camera Systems market in the U.S. is estimated at US$287.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$564.5 Million by the year 2027 trailing a CAGR of 18.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.3% and 16.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.1% CAGR.We bring years of research experience to this 6th edition of our report. The 201-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

• Ambarella, Inc.
• Aptiv PLC
• Clarion Co., Ltd.
• Continental AG
• Denso Corporation
• Magna International Inc.
• NXP Semiconductors NV
• OmniVision Technologies, Inc.
• Robert Bosch GmbH
• Samvardhana Motherson Automotive Systems Group B.V.
• Texas Media Systems
• Valeo
• Xilinx Inc.

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