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.
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