Global Vehicle Camera Module market will reach 6542 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/9/11

In the last several years, global market of Vehicle Camera Module developed rapidly, with an average growth rate of 19.57%. In 2017, global revenue of Vehicle Camera Module is nearly 2001 M USD; the actual production is about 76.95 million Unit.

The growth of this market is driven by the growth of automotive production and the development of ADAS technology. The Vehicle Camera Module market is projected to grow at a CAGR of 15.96% from 2018 to 2025, from a market size of USD 2001 million in 2017 to USD 6542 million by 2025.

The global average price of Vehicle Camera Module is in the decreasing trend, in 2017 the average price is 26.84 USD/Unit. With the situation of global economy, prices will be in decreasing trend in the following five years.

The classification of Vehicle Camera Module includes Back Camera, Front Camera and Others. Back Camera accounted for the largest share, about 55% of the overall Vehicle Camera Module market, based on type, in 2017. The C Back Camera can help drivers parking their cars easily.

Asia Pacific is expected to be the largest market for Vehicle Camera Module during the forecast period. The Vehicle Camera Module market in this region is primarily driven by the growing of new vehicles, especially from China, India, and other Southeast Asian countries.

The Asia Pacific is projected to lead the global market in terms of growth rate. One of the factors for this is the increase in economic growth and rapid urbanization. The growing middle-class population, high spending behavior, and increased demand for private cars drive the growth of the vehicle camera module market.

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