Global Automotive Camera Cleaning System Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2029 - (By Vehicle Coverage, By Nozzle Coverage, By Application Coverage, By Sales Channel Coverage, By Geographic Coverage and By Company)
Published Date: Apr 2023 |
| No. of Pages: 226
Industry: Automotive & Transport | Author Name: Harshad
Exhibiting an estimated CAGR of 20.9% furing 2022 – 2029, the market will possibly achieve the valuation of US$1.6 Bn by the end of the forecast year.
Growing concern towards safety systems and rising integration of cameras in modern vehicles are the key factors driving the global automotive camera cleaning system market.
The fixed nozzle type segment accounted for a market share of nearly 53% in 2019, complementing the overall market. The trend will most likely prevail through 2029 end.
North America, and Europe will collectively represent the market share of more than 30% in 2029. The US is expected to hold the highest share in terms of volume by 2029 as the country mandates reverse camera installations for safety.
Nearly 35% market share has been retained by major players with diversified business segments.