MEA Automotive Camera Market 2024 Revenue, Demand, Key Players, Trends, Opportunities and Future Forecast till 2033: SPER Market Research
A specialized camera system built into a car to improve navigation, driver assistance, and safety is called an automotive camera. These cameras are an essential part of autonomous driving and advanced driver-assistance systems (ADAS) since they record high-definition video or photos in real-time. Automotive cameras are usually mounted on the front, back, and sides of the car and have multiple uses. For example, a rearview camera makes it easier for drivers to reverse safely by giving them a good picture of any obstructions behind the car. By keeping an eye on the road ahead, forward-facing cameras assist features like lane departure alerts, collision avoidance, and traffic sign recognition. Side-view cameras help with lane-changing safety and blind spot detection.
According to SPER Market Research, ‘Middle East and Africa Automotive Camera Market Size- By Type, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033′ states that the Middle East and Africa Recycled Paper Market is estimated to reach USD 715.61 billion by 2033 with a CAGR of 2.39%.
Numerous important reasons are driving the growth of the automotive camera market in the Middle East and Africa (MEA), according to research studies. The increased use of Advanced factor Assistance Systems (ADAS), which is being fueled by consumer awareness and safety requirements, is one important factor. Governments in the United Arab Emirates and Saudi Arabia are enforcing stricter laws pertaining to road safety and promoting the use of car cameras for blind-spot identification, lane departure alerts, and collision avoidance. The growing demand in the area for high-end, luxury cars—many of which have sophisticated camera systems—is another significant issue. The need for automotive cameras is further fueled by the luxury vehicle segment’s rise and the growing disposable incomes of the Gulf Cooperation Council (GCC) countries.
Numerous obstacles could hinder the growth of the automotive camera market in the Middle East and Africa (MEA). The expensive price of sophisticated car camera systems is one of the main obstacles. Because of the lower per capita income levels in many of the region’s countries particularly in Africa mass-market consumers find it difficult to acquire cars outfitted with cutting-edge camera systems. This reduces the market’s potential, especially for consumers on a tight budget. The absence of infrastructure to support autonomous driving and advanced driver assistance systems (ADAS) is another problem. The full potential of vehicle cameras is impeded in some African and Middle Eastern countries by antiquated rules, poor road conditions, and inconsistent traffic management systems.
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Impact of COVID-19 on MEA Automotive Camera Market
The Middle East and Africa (MEA) automotive camera market saw a significant disruption in its growth trajectory because to the COVID-19 epidemic. Due to decreased consumer spending, transportation restrictions, and economic downturns, the pandemic significantly lowered automobile sales throughout the region. The automotive sector saw production halts, supply chain disruptions, and lower demand in nations including Saudi Arabia, the United Arab Emirates, and South Africa. These factors had a direct impact on the adoption of cutting-edge technologies like automotive cameras. Production and distribution of automobile components, including cameras, were delayed as a result of plant closures and limitations on international trade.
MEA Automotive Camera Market Size Key Players:
The Middle East and Africa automotive camera market is dominated by the Gulf Cooperation Council (GCC) nations, especially Saudi Arabia and the United Arab Emirates (UAE). The high adoption rate of advanced driver assistance systems (ADAS) in these nations is a major contributing factor to their domination. Some of its key players are- Aptiv PLC, Autoliv Inc., Continental AG, FLIR Systems, Inc., Garmin Ltd.
MEA Automotive Camera Market Size Segmentation:
By Application: Based on the Application, MEA Automotive Camera Market Size is segmented as; ADAS and Park Assist.
By Type: Based on the Type, MEA Automotive Camera Market Size is segmented as; Mono Camera, Surround View Camera and Rear View Camera.
By Vehicle Type: Based on the Vehicle Type, MEA Automotive Camera Market Size is segmented as; Commercial Vehicle and Passenger Vehicle.
By Level of Autonomy: Based on the Level of Autonomy, MEA Automotive Camera Market Size is segmented as; L1, L2, L3 and Others.
By Region: This research also includes data for South Africa, Saudi Arabia, UAE and Rest of Middle East & Africa.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link: –
Middle East and Africa Automotive Camera Market Growth
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