The global Automotive ISP market is projected to experience significant growth between 2023 and 2030. The market is growing steadily and is expected to rise further due to the adoption of strategies by key players. The market is estimated to reach USD million by 2028, with a CAGR of Percent during the forecast period.
The North American market for Automotive ISP is expected to increase from USD million in 2022 to reach USD million by 2028, at a CAGR of Percent. The Asia-Pacific market is also anticipated to grow, with estimated revenue of USD million by 2028. The major global companies in the Automotive ISP market include Nextchip, Fullhan Microelectronics, VeriSilicon Microelectronics (Shanghai), Ambarella, STMicroelectronics, Onsemi, Arm, Hisilicon, and Xilinx. In 2021, the top three vendors accounted for approximately Percent of the revenue.
The market for Automotive ISP in Mid and Low End Cars is estimated to increase from USD million in 2022 to USD million by 2028, at a CAGR of Percent. Car Camera Built-in ISP accounted for Percent of the global market in 2021 and is projected to reach million USD by 2028, growing at a revised CAGR of Percent. The growth of the Automotive ISP market is driven by the demand for applications in both Mid and Low End Cars and High End Cars.
The leading regions in the Automotive ISP market include North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The strategic developments in these regions will shape the industry in the long-term. The market is influenced by various factors such as economic changes, the impact of COVID-19, and the Russia-Ukraine war. The market size, trends, and growth are analyzed in detail in the report.
Considering the impact of COVID-19, the Automotive ISP market has been monitored for both direct and indirect effects. The report provides an analysis of the market size, trends, and growth before and after the pandemic. It also includes a PESTEL analysis to identify key influencers and barriers to entry in the industry.