Vehicle Cameras Market is Anticipated to Reach USD 24.37 billion, at a CAGR of 10.05% CAGR by 2031 | Transparency Market Research, Inc.
WILMINGTON, Del., Dec. 14, 2023 /PRNewswire/ -- The vehicle cameras market reached US$ 9.35 billion in 2021. A CAGR of 10.05% is predicted between 2022 and 2031. Global vehicle camera sales are expected to reach US$ 24.37 billion by 2031. The availability of AI and advancements in technology have made fleet dash cameras more popular in recent years. Combined with traditional dash cam functionality, AI-powered dash cameras provide a comprehensive safety solution.
- Mid-range vehicle cameras accounted for the largest revenue share of the global vehicle cameras market in 2021.
- As technology advances, digital cameras will drive the demand for vehicle cameras.
- As electric vehicle production and hybridization increase, Asia Pacific will become a dominant region for vehicle cameras in the coming years.
- Several manufacturers control the majority of the market share for vehicle cameras in the global market.