Automotive Vision Systems Market To Be Valued At USD 39.92 Billion By 2027

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Automotive Vision Systems Market To Be Valued At USD 39.92 Billion By 2027

Government initiatives regarding vehicle safety features, the advanced technology used in ADAS are expected to boost the market with a high CAGR for Automotive Vision Systems during the projection period.

Market Size: USD 13.61 billion in 2019, Market Growth: CAGR of 14.4%, Market Trends: Increasing number of automated vehicles and reduction in manufacturing cost of instruments.

The global market for automotive visions market is estimated to rise from USD 13.61 billion in 2019 to USD 39.92 billion by 2027, with a CAGR of 14.4% during the projected period.

There is an increase in the number of automated vehicles and a reduction in the manufacturing cost of instruments, including LiDAR, camera, and radar systems. The rising popularity of semi-autonomous vehicles is an advanced technology used for connected cars, and the increasing traction of ADAS is driving the market for automotive vision systems market. The government regulations are focusing on improving vehicle security that is expected to increase the market expansion.

To identify the key trends in the industry, click on the link below @

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