Automotive Multi Camera System Market Size and Forecast: [USD 1.6 Billion], Growing at [13.6% CAGR]
The global automotive multi-camera system market stood at USD 1.6 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 13.6% from 2024 to 2028, according to TechSci Research. This growth is fueled by rapid technological advancements, rising consumer awareness about vehicle safety, the proliferation of autonomous and electric vehicles, and increasingly stringent government regulations on automotive safety standards. Automotive Multi Camera System Market Overview Definition and Scope Automotive multi-camera systems consist of several strategically placed cameras on vehicles—typically front, rear, and sides—providing a 360-degree view of the vehicle’s surroundings. These systems enable features like surround-view monitoring, blind-spot detection, parking assistance, and collision avoidance, thereby playing a crucial role in enhancing vehicle safety and driving experience. Historical Context Over the past decade, the automotive indust...