Dublin, May 04, 2021 (GLOBE NEWSWIRE) -- The "Automotive Camera Cleaning System Market - Global Industry Analysis (2018 - 2020), Growth Trends and Market Forecast (2021 - 2027)" report has been added to ResearchAndMarkets.com's offering.
The market is expected to reach US$1.28 Bn by 2027
The market will remain bullish, primarily in response to the higher focus on innovations. The report has forecast the market to rise at an impressive 29% CAGR between 2021 and 2027.
Increasing focus on curbing risk of unforeseen events among automakers has bode well for the automotive camera cleaning systems market. Stringent regulations implemented to ensure improved driver and pedestrian safety will give tailwinds to the growth registered.
Identifying potential danger and operating safely are at the core of these challenges. A lesser known yet significant restraint lies in keeping automotive sensors and cameras free from dirt, dust, and debris. The report studies how effective cleaning can prove resource-efficient within the automotive sector.
The market remains concentrated amidst the top 5-6 key market players occupying majority of the market share with necessary technological know how
The automotive sector supported the advent of automotive parking by rolling out fixed eye cameras. Innovations such as surround view systems must be cleaned regularly to showcase their best performance. With camera cleaning systems, producers are not only improving road safety but offering improved driver safety," said a lead analyst.
Europe and North America to Continue Spearheading Growth
Europe and North America represented over 30% of sales recorded in 2019. This trend is expected to continue especially as countries across both regions continue implementing more stringent safety standards for vehicle producers and owners with time. For instance, the federal rule mandated all new cars to incorporate back-up cameras, which went into effect in 2018. The same year dlhBowles, a leading camera cleaning systems producer, reported its sales to have skyrocketed.
Meanwhile, the U.K. follows a stringent set of guidelines for cash wash and cleaning. These guidelines are jointly produced by the Environment and Heritage Service for Northern Ireland, the Scottish Environment Protection Agency, and Environment Agency for England and Wales. Besides this, in general higher willingness to spend on automated car wash and cleaning among vehicle owners will continue supporting growth in both regions.
Market Players Ramp Up Production to Gain Edge
The course of technological advancements within the automotive camera cleaning systems has been very remarkable, rendering it fiercely competitive. With innovations in cleaning systems unlikely to slow down, several companies are seeking collaborations to strengthen and expand their footprint. Others are pivoting their manufacturing capacities to offer innovations.
Key Insights into Automotive Camera Cleaning System Market:
Parking application to stand out while camera monitoring system (CMS) application anticipated to foresee a substantial growth rate of over 30% during the forecast period
Premium and entry level cars to showcase over 2% market share gain by 2027 due to rising penetration of ADAS technologies
Nano nozzle category to outperform with a CAGR of over 30% over the forecast period due to its compact size and good efficiency
Automotive camera cleaning system market poised to grow by nearly 30% CAGR on account of rising ADAS technology penetration and implementation of strict regulations
Stern norms in Europe and North America expected to provide a thrust for the market to proliferate in the respective regions followed by Asia Pacific.
Key Topics Covered:
1. Executive Summary
1.1. Global Automotive Camera Cleaning System Market
1.2. Future Projections, 2018 - 2027, (US$ Mn)
1.3. Key Segment Analysis and Competitive Insights
1.4. Premium Insights
2. Automotive Camera Cleaning System Market Outlook
2.1. Market Definitions and Segmentation
2.2. Market Indicators
2.3. Market Dynamics & Key Trends
2.4. Regulatory Scenario
2.5. Market Forces Analysis
2.6. Technology Roadmap
2.7. Impact Analysis
2.6.1. Covid-19 Analysis
2.6.3. Impact of ADAS (Advanced Driver Assistance Systems)
2.6.4. Economic Factors
2.6.5. Parent Industry Trends
3. Global Automotive Camera Cleaning System Market Outlook, 2018 - 2027
3.1. Global Automotive Camera Cleaning System Market Value Forecast, By Application, 2018 - 2027 , Thousand Units, (US$ Mn)
3.1.1. Key Highlights
18.104.22.168. Market Growth & Projections (Y-o-Y)
22.214.171.124. Base Point Share Analysis, By Application, 2019 & 2027
3.1.3. Front Safety Monitoring
3.1.4. Injection camera
3.1.5. Night vision
3.1.6. Mirror Camera
3.1.8. Market Attractiveness Analysis, By Application
3.2. Global Automotive Camera Cleaning System Market Value Forecast, by Vehicle Type, 2018 - 2027 , Thousand Units, (US$ Mn)
3.2.1. Key Highlights
126.96.36.199. Market Growth & Projections (Y-o-Y)
188.8.131.52. Base Point Share Analysis, By Vehicle Type, 2019 & 2027
3.2.5. Market Attractiveness Analysis, By Vehicle Type
3.3. Global Automotive Camera Cleaning System Market Value Forecast, by Sales Channel, 2018 - 2027 , Thousand Units, (US$ Mn)
3.3.1. Key Highlights
184.108.40.206. Market Growth & Projections (Y-o-Y)
220.127.116.11. Base Point Share Analysis, By Sales Channel, 2019 & 2027
3.3.4. Market Attractiveness Analysis, By Sales Channel
3.4. Global Automotive Camera Cleaning System Market Value Forecast, Nozzle Type, 2018 - 2027 , Thousand Units, (US$ Mn)
3.4.1. Key Highlights
18.104.22.168. Market Growth & Projections (Y-o-Y)
22.214.171.124. Base Point Share Analysis, By Nozzle Type, 2019 & 2027
3.4.2. Fixed Nozzle
3.4.3. Telescopic Nozzle
3.4.4. Nano Nozzle
3.4.5. Market Attractiveness Analysis, By Nozzle Type
3.5. Global Automotive Camera Cleaning System Market Outlook, by Region, Thousand Units, (US$ Mn), 2018-2027
3.5.1. Key Highlights
126.96.36.199. Market Growth & Projections (Y-o-Y)
188.8.131.52. Base Point Share Analysis, By Region, 2019 & 2027
3.5.2. Global Market Attractiveness Analysis, by Region
4. North America Automotive Camera Cleaning System Market Outlook, 2018-2027
5. Europe Automotive Camera Cleaning System Market Outlook, 2018-2027
6. Asia Pacific Automotive Camera Cleaning System Market Outlook, 2018-2027
7. Latin America Automotive Camera Cleaning System Market Outlook, 2018-2027
8. Middle East & Africa Automotive Camera Cleaning System Market Outlook, 2018-2027
9. Competitive Landscape
Ficosa Internacional SA
KAUTEX TEXTRON GMBH & CO. KG
MAGNA ELECTRONICS INC.
MS FOSTER & ASSOCIATES, INC.
Shenzhen Mingshang Industrial Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/j3jqux
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