Side View Camera System Market

Side View Camera System Market worth $388 million by 2027

The report "Side View Camera System Market by Camera Type (Single Camera & Multi-Camera), Component (Camera, ECU, and Display), Vehicle (Passenger Car & Commercial Vehicle), and Region (Asia Pacific, Europe, North America and RoW) – Global Forecast to 2027" The global side view camera system market is projected to grow from USD 2 million in 2020 to USD 388 million by 2027, at a CAGR of 112.0%. The increasing luxury vehicle production drives the growth of the side view camera system market, focus on increasing vehicle safety and increasing the adoption of advanced electronic components in vehicles.

Browse 167 market data Tables and 47 Figures spread through 158 Pages and in-depth TOC on "Side View Camera System Market by Camera Type (Single Camera & Multi-Camera), Component (Camera, ECU, and Display), Vehicle (Passenger Car & Commercial Vehicle), and Region (Asia Pacific, Europe, North America and RoW) – Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/side-view-camera-system-market-125661499.html

Passenger car is expected to be the largest market

The passenger car segment is expected to be the largest market during the forecast period. Passenger cars constitute the largest segment of the side view camera system market. Early adoption of side view camera systems in the premium passenger cars would result in increasing demand for side view camera systems for passenger cars. OEMs such as Lexus already launched vehicles without side-view mirrors in 2018. Existing regulations regarding side view camera systems in the European region would be a significant factor for growth in the region. Major luxury car makers such as Audi, Mercedes Benz, BMW, Lexus, Cadillac, and Lotus are relying upon more connected and safety features. For instance, most of the premium passenger vehicles launched in 2018 were equipped with some level of autonomous capabilities, advanced HMI, and more ADAS features. OEMs launched vehicles with visually appealing interiors, smarter infotainment systems, and more interactive features for a comfortable driving experience.

Multi-Camera System is expected to lead the side view camera system market  

The multi-camera system is expected to grow faster than the single-camera system during the forecast period due to the planned installation of side view camera systems in commercial vehicles. Multi-camera systems are beneficial as commercial vehicles have large and difficult blind spots than small passenger cars. Stoneridge Inc developed MirrorEye camera monitor systems, especially for buses and trucks. The company received approval from the Federal Motor Carrier Safety Administration (FMCSA) in 2019 for the installation of side-view camera systems in commercial vehicles in the US. Such measures would boost the demand for multi-camera systems in the future.

Europe is expected to be the largest market during the forecast period

Europe is the largest market for side view camera systems because of the growth in Germany, the UK, France, and others. The European Commission passed legislation to allow side view camera systems in place of optical side view mirrors. Safety regulations and supportive guidelines regarding side view camera systems will fuel early adoption in this region.  Moreover, the region is home to premium car manufacturers such as Mercedes, BMW, Audi, Renault, and many others. Increasing production and sales of luxury vehicles due to strong economic growth is going to play a major role in the region.

Key Market Players

The global side view camera system market is dominated by major players such as Hyundai Mobis (South Korea), Continental AG (Germany), Valeo (France), Samvardhana Motherson (India), Magna International (Canada), Robert Bosch (Germany), Denso Corporation (Japan), and Stoneridge (US). Denso Corporation (Japan) and many others. These companies have secure distribution networks at a global level. Besides, these companies offer a wide range of services in the market. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements.

Don’t miss out on business opportunities in Side View Camera System Market . Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
AT 7419
PR Published ON
11/7/2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Side View Camera System Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home