KEY FINDINGS
The Asia-Pacific automotive camera market is evaluated to develop with a CAGR of 21.02% in terms of volume and 16.15% in terms of revenue over the forecasted period of 2021 to 2028. The market growth is ascribed to key drivers such as the growing rate of industrialization in emerging economies like India, China, and Japan, the increased automotive production, and the support extended by government authorities.
MARKET INSIGHTS
The Asia-Pacific automotive camera market growth evaluation constitutes the assessment of China, South Korea, India, Thailand, Japan, and the rest of the Asia-Pacific. Global investment within the automotive sector in India is promoted by the government. Moreover, 100% foreign direct investment (FDI) has been approved under the automatic route. As an international manufacturing and research and development (R&D) center, the government substantially contributes towards augmenting the same. For instance, the government of India plans to establish R&D centers under the NATRiP to enable the industry to be on par with global standards.
On the other hand, the key factor playing a vital role in fueling the demand for automotive cameras in South Korea is the need for automated and protected vehicles with features like collision braking, forward-collision warnings, blind-spot detection, and lane exit warnings in order to mitigate road accidents. The country’s government insists on introducing considerable numbers of cars with these systems owing to the innovative safety features offered by camera tracking systems in vehicles. As a result, these aspects are anticipated to fuel the Asia-Pacific automotive camera market growth during the forecasting years.
COMPETITIVE INSIGHTS
Some of the leading firms operating in the market include Stonkam Co Ltd, Valeo Group, Denso Corporation, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments