Market to Grow at Double Digit Rate, Forecasts Stratistics in New Report Available at MarketPlishers.com27 Dec 2016 • by Natalie Aster
LONDON – As of 2015, a value of the world’s market for vehicle cameras amounted to more than USD 10.5 billion. This marketplace is projected to grow at a double digit CAGR of approximately 12% in the near term to be worth around USD 23 billion by 2022.
There is a range of factors that drive the growth, and major ones worth mentioning are the increasing demand for grandeur cars and the new automobile assessment program.
In terms of regions, North America is the frontrunner. Europe holds the second position in the worldwide marketplace. APAC is the number three in this list.
There is constant growth in the APAC marketplace which sees a continuing sales increase. This region is the number one vehicle manufacturer globally.
In terms of end-user segments, private vehicles take the lead. Yet commercial vehicles are set to showcase the highest growth in the coming years.
Company-wise, S.Will Indutrial, DCS Systems, Ford Motor Company and Bosch are some of the largest players.
New research report “Vehicle Camera - Global Market Outlook (2016-2022)” drawn up by Stratistics MRC Pvt Ltd offers a comprehensive examination of the world’s vehicle camera marketplace. The study provides an all-round overview of this expanding market.
It explores drivers and restraint of the global space. The report canvasses opportunities and threats of the marketplace. The research study contains Porter’s five forces analysis.
It examines the market’s performance on the basis of an array of factors: application types, prices, end-users, and more. The research report also delves deep into leading regions, with a focus on top countries.
The study draws up a detailed picture of developments in the world’s marketplace. It sheds light on the competitive environment, including details on key companies. Future outlook is on hand in the report, too.
More new research reports by Stratistics can be found at its page.