Research n Data projects, The Global Car Camera Cleaning System Market to grow beyond of $472.5 million by the end of 2025

Research n Data projects, The Global Car Camera Cleaning System Market to grow beyond of $472.5 million by the end of 2025

According to a new report published by Data N Analysis titled “Car Camera Cleaning System Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019-2026”, The global car camera cleaning systems market was valued at USD 249.5 million in 2018 and is expected to reach USD 472.5 growing at dynamic growth rate of 9.6% during the forecast period of 2018-2025.

The global car camera cleaning system is not more than decade old market that came into picture due to tremendous adoption car camera and need for cleaning camera lenses in driver assistance. Car camera cleaning systems is niche product line in overall automotive industry and is still developing in terms of growth, product innovation, and at other dimensions. The market is operating at introductory phase of its life cycle and will be heading towards growth expansion phase over the next decade. This may attributed to growing penetration of manufacturers in this market, focus of exiting players on product innovation and significant automotive sales linked with humongous adoption automotive cameras.

Based on vehicle Type, the global car camera cleaning system market is segmented into passenger car and commercial cars. Passenger vehicle segment dominated the global market with more than two third of the global market share in 2018, and is also expected grow at highest CAGR of 9.8% during the forecast period of 2018-2025. In passenger vehicles camera is considered as safety measures in driver assistance due to which passenger vehicle segment has higher adoption of camera cleaning systems. Moreover, emergence of driverless car and concept such as auto parking has completely dependent on camera sensors encouraging the sales of camera cleaning system. In passenger vehicle, premium and luxury cars are the major consumers of camera cleaning system as a result of mandatory use of camera.

 On the basis of application, the global car camera cleaning systems market is segmented into Night vision Camera, Front/Rear Camera, parking and interjection camera.  Parking cameras are one of the largely adopted cameras among other camera types in driver assistance which allow driver to park vehicle in a more precise manner. The reason why cleaning system are majorly used in parking camera is to eliminate accidental incidences. Number of accidents happened while vehicle parking is very surprising as compared to the road accidents which lead to enhanced adoption of camera cleaning system in parking camera. On the split side, night vision camera expected to gain higher importance during the forecast period. Risk associated while driving at night is high as compared to driving during daylight. This factor itself creates need for night vision camera which again helps driver to reduce the risk of accidents. For better clarity and vision there is a significant need for cleaning systems in night vision camera and due to which this application segment is gaining immense popularity with proven better results.

On the basis of sales channel, the global car camera cleaning systems market is segmented into aftermarket and original equipment manufacturers. Car camera clearing systems is recently emerged market terminology. Therefore, it is basically installed externally in automotive aftermarkets in these days. This is due to presence of limited cleaning system manufacturers across the globe.  As of 2018, in most of the car segment including commercial and passenger camera cleaning systems are externally installed, hence, automotive aftermarket acquired dominant market share. Due to lack of technological innovation and product development, these cleaning systems are served in aftermarket this may lead to dominance of aftermarket over the forecast period as well.

Geographically, the global Car Camera Cleaning Systems market is evaluated across America, Europe, Asia-Pacific, and the LAMEA. North America was the most prominent regional market and acquired over 38% of global market share. On the other hand, Asia Pacific is expected to exhibit dynamic CAGR of 10.6% over forecast period of 2018-2025. North America is a technologically equipped and advanced regional market wherein consumers are more concerned about safety.

The global car camera cleaning systems market has a presence of limited market players across the globe. Some of the key players operating in the global market are Contonental, Ficosa International, Veleo, Waymo, dlhBOWLES , Shenzhen Mingshang Industrial Co., Ltd, and others which acquired majority of the market share in 2018.