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Automotive Camera Module Market to Witness Rapid Growth
Jan 12, 2024
The automotive camera module market is expected to grow at a CAGR of 19.9% from 2020 to 2027, according to a report by Allied Market Research. The increasing demand for advanced driver assistance systems (ADAS) and the rising adoption of autonomous vehicles are driving this growth. The report also highlights the use of 360-degree cameras and rearview cameras in vehicles as significant factors contributing to the market's expansion.
Newsworthy points:
Automotive camera module market projected to grow at a CAGR of 19.9% from 2020 to 2027
Increasing demand for ADAS and adoption of autonomous vehicles driving growth
Use of 360-degree cameras and rearview cameras in vehicles significant factors contributing to market expansion
