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U.S Automotive Camera Market Report
January 22, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "U.S Automotive Camera Market - Growth, Trends and Forecasts (2015 - 2020)" report to their offering.
The US Automotive Camera market is expected to grow at a CAGR of 23.25% during the forecast period.
The USA is expected to witness the highest share in the automotive camera market in North America. In terms of growth, the automotive camera market in this country would witness the highest growth rate, during the forecast period.
Increasing demand for luxury cars in the country followed by the demand and increase in installation of safety and driver assistance systems in the light of the regulatory standards of NHTSA, and CAFÉ are expected to drive the automotive camera market in the country. The market would be driven by the significant demand of park assist systems and other advanced driver assistance systems.
The automotive camera market in US, in terms of volume, is projected to grow at the highest CAGR during the forecast period in North America, and the country is popularly known to be an automotive hub for the international OEMs. The growing production volume of light commercial vehicles and the growing influence of New Car Assessment Program (NCAP) mandate, would drive the demand for automotive camera market in the country.
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