The car camera cleaning systems global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Car Camera Cleaning Systems Market, 2024 report by The Business Research
Company offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The car camera cleaning systems market size has grown exponentially in recent
years. It will grow from $0.47 billion in 2023 to $0.57 billion in 2024 at a
compound annual growth rate (CAGR) of 22.3%. The growth in the historic period
can be attributed to increase in autonomous and electric vehicles, growth in
consumer demand for premium and luxury vehicles, increase in mandates by regulatory
bodies to improve road safety, increase in demand for camera cleaning systems,
and surge in adoption of ADAS systems in vehicles.
The car camera cleaning systems market size is expected to see exponential
growth in the next few years. It will grow to $1.28 billion in 2028 at a
compound annual growth rate (CAGR) of 22.5%. The growth in the forecast period
can be attributed to increasing demand for compact, modular, and multi-sensor
cleaning solutions, increasing willingness of vehicle owners to spend on
automated car wash and cleaning, rise in electric vehicle manufacturing, rising
production and sales of vehicles, and increasing adoption of ADAS system in
vehicles. Major trends in the forecast period include integration with advanced
driver assistance systems (ADAS), advancements in smart cleaning solutions,
advancements in water jet systems, advancements in sensor technology, and
advancements in algorithm to detect dirt's.
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Scope Of Car Camera Cleaning Systems Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Car Camera Cleaning Systems Market Overview
Market Drivers -
The increasing adoption of autonomous and electric vehicles is expected to
propel the growth of the car camera cleaning systems market going forward.
Autonomous vehicles or driverless cars are equipped with advanced systems and
technologies that allow them to navigate and operate without human
intervention, whereas Electric vehicles are powered by electric motors using
energy stored in batteries rather than internal combustion engines that rely on
fossil fuels. The awareness of climate change and the environmental impact of
fossil fuels drives the demand for cleaner transportation options. Car camera
cleaning systems help autonomous and electric vehicles by ensuring that camera
lenses remain clear of obstructions such as dirt, dust, water, and snow for the
accurate functioning of advanced driver-assistance systems (ADAS) and
autonomous driving technologies. For instance, according to the International
Energy Agency, a France-based intergovernmental organization, in 2022, fuel
cell electric vehicles (FCEVs) increased by 40% compared to 2021, reaching over
72,000 vehicles globally. Moreover, in December 2022, according to a report
published by the Insurance Institute for Highway Safety, a US-based non-profit
organization, there were projected to be 3.5 million autonomous vehicles or
self-driving cars on American roads by 2025. Therefore, the increasing adoption
of autonomous and electric vehicles drives the car camera cleaning systems
market.
Market Trends -
Major companies operating in the car camera cleaning systems market are
developing camera sensor cleaning innovations to enhance the functionality and
reliability of advanced driver-assistance systems (ADAS) and autonomous driving
technologies. A camera sensor cleaning system is a set of tools and
technologies used to remove dust, debris, and other contaminants from the
surface of a camera’s image sensor. For instance, in September 2023, Hyundai, a
South Korea-based automotive manufacturer, and Kia Corporation, a South Korean
automobile manufacturer, launched Rotator-Cam, a camera sensor cleaning system.
It combines a rotating camera cover glass with a compact wiper to efficiently
sweep away dust, mud, and water droplets. The system employs artificial
intelligence to scan for contaminants and automatically clean the sensor when
needed, ensuring optimal visibility and functionality for autonomous driving
applications.
The car camera cleaning systems market covered in this report is segmented –
1) By Type: Light, Heavy
2) By Application: Night Vision Camera, Front Or Rear Camera, Paring Camera,
Interjection Camera, Cameras In Mirror
3) By Sales: Original Equipment Manufacturing (OEM), After market
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Regional Insights -
North America was the largest region in the car camera cleaning systems market
in 2023. Asia-Pacific is expected to be the fastest-growing region in the
forecast period. The regions covered in the car camera cleaning systems market
report are Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies -
Major companies operating in the car camera cleaning systems market are Ford
Motor Company, Panasonic Holdings Corporation, Denso Corporation, ZF
Friedrichshafen AG, Continental AG, Magna Electronics Inc., Valeo SA, Texas
Instruments Incorporated, Aptiv PLC, STMicroelectronics N.V., LG Innotek Co.
Ltd., Autoliv Inc., Hella KGaA Hueck & Co., Ficosa International SA, Gentex
Corporation, Mobileye Global Inc., Kautex Textron GmbH & Co. KG, Teledyne
FLIR LLC, Waymo LLC, Ambarella Inc., Rausch & Pausch GmbH, Stoneridge Inc.,
Hitachi Astemo Ltd
Table of Contents
1. Executive Summary
2. Car Camera Cleaning Systems Market Report Structure
3. Car Camera Cleaning Systems Market Trends And Strategies
4. Car Camera Cleaning Systems Market – Macro Economic Scenario
5. Car Camera Cleaning Systems Market Size And Growth
…..
27. Car Camera Cleaning Systems Market Competitor Landscape And Company
Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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