Automotive Camera Cleaning System Market Trend Analysis And Forecasts to 2027
The global Automotive Camera Cleaning System market gathered revenue around USD 266.1 Million in 2020 and market is set to grow USD 1.0 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 17% during the prediction period 2021 to 2027.
In most of cases, drivers of these vehicles are at a high risk. Taking into consideration the safety of drivers, numerous safety measures have been taken by the automobile industry. The installation of a camera cleaning system in an automobile is one such step to ensure the safety of drivers. Regular use of passenger and commercial vehicles leads to the deposition of dirt or snow on the camera, which, in turn, reduces visibility and disturbs the front and rear view of car; consequently, the driver of the vehicle is prone to cause an accident.
The automotive camera cleaning system cleans the camera at regular intervals. The system also prevents dust, water, etc. from accumulating on the camera and provides the driver with a clear view of front and rear side of the vehicle. Hence, this system ensures the safety of drivers.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Automotive Camera Cleaning System market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Automotive Camera Cleaning System market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Automotive Camera Cleaning System market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Regional Analysis of Automotive Camera Cleaning System Market
In terms of region, the global automotive camera cleaning system market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe led the global automotive camera cleaning system market, and it is anticipated to maintain its dominance during the forecast period. The higher market share held by the region can be primarily attributed to the increase in awareness about safety and security and usage of cameras for vehicle safety in applications such as 360 camera system and parking camera system. Followed by Europe, Asia Pacific accounted for the second-largest share of the global automotive camera cleaning system market.
Automotive Camera Cleaning System Market: Opportunities
The adoption of automotive camera cleaning systems is expected to be significantly high in cold regions, owing to higher chances of deposition of snow and mud on camera lenses. Moreover, regions that experience extreme cold, such as North America and Europe, witness high penetration of assistance cameras in vehicles. Consequently, these regions offer significant opportunities for the adoption of the camera cleaning systems in vehicles.
In the U.S., the Federal Government's National Highway Traffic Safety Administration (NHTSA) has mandated the backup camera for all vehicles of under the 10,000 pound category. Therefore, the integration of backup cameras in the U.S. is likely to increase during the forecast period. Furthermore, the European Commission has proposed to make the installation of reversing camera mandatory by 2022, which, in turn, is projected to boost the demand for the automotive camera cleaning systems in Europe post 2022. Therefore, technology providers should focus on the region to consolidate their position in the market. The demand for blower type camera cleaning and sensor cleaning systems is projected to rise for camera/sensors mounted on the protected parts of vehicles.
| Report Highlights | Details |
| Market Size | US$ 1.0 Billion by 2027 |
| Growth Rate | CAGR of 17% From 2021 to 2027 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2027 |
| Segments Covered | Vehicle Type,Application,Nozzle Type,Sales Channel,Region |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Continental AG, Denso Corporation, dlhBOWLES, Ficosa Internacional SA, KAUTEX TEXTRON GMBH & CO. KG, MAGNA ELECTRONICS INC., MS FOSTER & ASSOCIATES, INC., Panasonic Corp., Seeva Technologies, Shenzhen Mingshang Industrial Co., Ltd., Valeo SA, and Waymo. |
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Automotive Camera Cleaning System Market include: Continental AG, Denso Corporation, dlhBOWLES, Ficosa Internacional SA, KAUTEX TEXTRON GMBH & CO. KG, MAGNA ELECTRONICS INC., MS FOSTER & ASSOCIATES, INC., Panasonic Corp., Seeva Technologies, Shenzhen Mingshang Industrial Co., Ltd., Valeo SA, and Waymo.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global Automotive Camera Cleaning System Market: Segmentation
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Automotive Camera Cleaning System market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Automotive Camera Cleaning System market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Automotive Camera Cleaning System markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Automotive Camera Cleaning System market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers