Categories: Press Release

Automotive Back-up Camera Market is estimated to surpass US$ 5 Bn by the end of 2032

A unique type of camera (video) created specifically for the purpose of being mounted to the rear of a vehicle to assist in backing up is known as an automotive back-up camera. These were created specifically to prevent Automotive accidents when backing up. These cameras are frequently fastened to the head unit screen of the car. Rear-view systems improve driver visibility, identify extra data for use in conjunction with other parking systems, and enhance trailer functions. A mountable camera design allows several installations, ranging from watching just at the lowest level to active brake and steering support.

With a striking CAGR of between 8 and 9 percent from 2022 to 2032, the sales of Automotive backup cameras are expected to generate an additional market potential of more than US$ 2.6 billion by 2022. The market for vehicle backup cameras is expected to cross US$ 5 Billion by the end of 2032, up from the US$ 2.3 Billion reported in 2021.

The Toyota Soarer Ltd. was earlier (in 1991) the first production car in the United States to include a backup camera. Back-up visibility systems have started to infiltrate the non-luxury light vehicle market as original equipment manufacturers since they were introduced in premium automobiles. Over the past ten years, after-market options have also become accessible.

Market Participants:

  • Denso Corporation
  • Magna International
  • Valeo SA
  • Robert Bosch
  • Continental AG
  • Delphi Automotive
  • Astral
  • Fabtec
  • Garmin Ltd.

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Ankush Nikam

Ankush Nikam is a seasoned digital marketing professional, having worked for numerous online firms in his distinguished career. He believes in continuous learning, considering that the digital marketing sector’s rapidly evolving nature. Ankush is an avid music listener and loves to travel.

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