Moreover, for most of the countries road accidents cost 3% of their gross domestic product (GDP). Also, 90% fatalities on the roads occur in low & middle economical countries, though such countries have approximately 54% of the world's vehicles. Rising number of fatalities leading to increased adoption of backup cameraĪccording to World Health Organization, road traffic injuries are the leading cause of death among people aged between 15 and 29 years & 1.25 billion people die every year due to road accidents, which includes accidents caused during reversal of the vehicle. Backup cameras have a wider application in commercial vehicles such as trailer carriers and tow trucks. Also the application of rear camera in vehicle helps to determine the rear blind spot arising behind the vehicle, which sometimes leads to accidents.
#Backup camera driver
Various governments across the globe have set regulations for vehicles to be equipped with rear camera as a mandatory component to ensure safety while parking the vehicle, which supports the automotive backup camera market growth.Ī good quality rear camera provides comfort to driver of the vehicle during the reversal of the vehicle. Backup cameras are usually attached to the head unit display of the vehicle and are designed in such a way that the image produced as output is horizontally flipped thereby producing the mirror image of the object.
The area directly behind vehicles is known as a "killing zone" due to associated accidents and rear camera is used to avoid such kind of accidents. Backup camera help to determine the rear blind spot, thereby preventing occurrence of accidents. The cumulative share of these two segments was 34.7% in 2018, and is anticipated to reach 44.7% by 2026.īackup camera for an automobile is used to get a clear picture of the rear side of the vehicle to avoid collisions and accidents that take place due to no visibility while parking the vehicle. Asia-Pacific and LAMEA are expected to witness considerable CAGRs of 12.6% and 11.1%, respectively, during the forecast period. North America and Europe collectively accounted for around 65.3% share in 2018, with the former constituting around 35.9% share. Asia-Pacific is estimated to reach $1.32 billion by 2026, at a significant CAGR of 12.6%. North America was the highest revenue contributor, accounting for $702.2 million in 2018, and is estimated to reach $1,018.6 million by 2026, with a CAGR of 4.6%. The global automotive backup camera market was valued at $1,956.4 million in 2018, and is projected to reach $3,860.0 million by 2026, registering a CAGR of 8.7%. Automotive Backup Camera Market Statistics - 2026
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