Automotive Camera Market Size to Worth USD 23.55 Bn by 2032 [Yahoo! Finance]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance
Ottawa, April 30, 2024 (GLOBE NEWSWIRE) -- The global automotive camera market size surpassed USD 11.52 billion in 2023 and is anticipated to hit around USD 22.22 billion by 2031, according to a study published by Towards Automotive a sister firm of Precedence Research. The automotive industry has witnessed a surge in the adoption of advanced security devices like car cameras, which offer a comprehensive view of the surrounding environment, thereby enhancing vehicle safety. This growing demand can be attributed to the increasing popularity of advanced driver assistance systems (ADAS) across both developed and developing nations. Car cameras find applications in various functions such as parking assistance, traffic alert systems, and pedestrian detection, among others, contributing to their widespread adoption. The passenger vehicle segment dominates the global car camera market and is anticipated to maintain its leading position throughout the forecast period. This segment's prom
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