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Automotive Camera Cleaning System Market to Reach a Valuation of ~US$ 1.5 Bn by 2027

Automotive Camera Cleaning System Market  

Automotive Camera Cleaning System Market: Introduction
According to the report, the global automotive camera cleaning system market is projected to witness major expansion, owing to dirty cameras, which has prompted automakers to adopt camera cleaning systems for externally mounted cameras.
Increased reliance of automotive safety features on cameras and 360o view cameras is anticipated to propel the automotive camera cleaning system market at an exponential growth rate during the forecast period. Moreover, rise in per capita income is anticipated to positively impact the automotive camera cleaning system market, as investment in luxury and leisure is expected to rise, which ultimately increases the demand for premium and luxury vehicles incorporated with advanced safety systems, including automotive camera cleaning systems.
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Automotive Camera Cleaning System Market: Dynamics
Rising safety concerns and fatality rate over the last few years is likely to fuel the demand for higher integration of automotive camera cleaning systems in vehicles in order to lower the risk of road accidents, which, in turn, is likely to drive the automotive camera cleaning system during the forecast period.
Regulations for backup camera implemented in the U.S. are only for light vehicles, and the same regulations are anticipated to be adopted in Europe by 2021, as already proposed by the EU Commission. This, in turn, is anticipated to boost the market for backup cameras and consequently, the market for camera cleaning systems.
Automotive Camera Cleaning System Market: Key Segments
Based on vehicle type, passenger vehicle was a highly attractive segment, and is anticipated to hold a leading share of the automotive camera cleaning system market, owing to the presence of camera cleaning system in a large number of passenger vehicles, while the system is present in a few light commercial vehicles in specific regions.
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Automotive Camera Cleaning System Market: Regional Analysis
In terms of region, the global automotive camera cleaning system market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe held a notable share of the global automotive camera cleaning system market, owing to higher production of premium vehicles in the region incorporated with automotive camera cleaning systems.
Automotive Camera Cleaning System Market: Key Players
Prominent players operating in the global automotive camera cleaning system market include Continental AG, Denso Corporation, dlhBOWLES, Ficosa Internacional SA, KAUTEX TEXTRON GMBH & CO. KG, MAGNA ELECTRONICS INC., MS FOSTER & ASSOCIATES, INC., Panasonic Corp., Seeva Technologies, Shenzhen Mingshang Industrial Co., Ltd., Valeo SA, and Waymo.

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