CHICAGO, April 14, 2021 /PRNewswire/ — According to the new market research report “Automotive Camera and Integrated Radar and Camera Market with COVID-19 Impact Analysis, by Type (Automotive Camera, Integrated Radar and Camera), Application (ADAS, Park Assist), View Type, Vehicle Type, and Geography – Global Forecast to 2026“, published by MarketsandMarkets™, the global Automotive Camera And Integrated Radar And Camera Market size is projected to grow from USD 6.1 billion in 2021 to USD 10.1 billion by 2026; it is expected to grow at a CAGR of 10.5% from 2021 to 2026. The key factors fueling the growth of this market include increasing demand for advanced security systems, rising demand for vehicle safety systems for premium segment vehicles and increasing number of regulations mandating safety features in vehicles.
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Integrated radar and camera is expected to grow at the highest rate during forecast period.
The integrated radar and camera segment is expected to register a higher growth rate during the forecast market. It is currently a niche market. An integrated radar camera system includes camera and radar components housed in a single module. The module can be employed in a vehicle for safety applications such as ACC, forward collision warning (FCW), collision mitigation or avoidance via autonomous braking, and LDW. The integration of the camera and the radar into a single module…
