Side View Camera System Market

A side view camera is a camera that is installed in vehicles for safety purposes. These cameras offer a better driving experience by enhancing the view of the driver. The latest generation of side view camera system gives drivers a 360-degree view of the surrounding to ensure safe, easy, and comfortable parking and manoeuvring. The camera system includes several parts, such as display, sensor, camera, and others.

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The various factors which are responsible for propelling the growth of the global side view camera system include the increasing demand for commercial and passenger vehicles, which is leading to an increase in the production of such cars and rising concerns for the safety of the vehicle. In addition to this, certain regulations for the side view camera system in several regions, along with several technological advancements in the manufacturing of side view camera, are further fuelling the market growth of side-view camera systems during the forecast period. Rising demand for luxury and premium vehicles owing to growing per capita income, coupled with the changing lifestyle of people is leading to an upsurge in the demand for the side view camera system at the global level. The increasing use of electronic components in the automotive industry and the demand for lower fuel consumption vehicle is further driving the growth of the global side view camera system market. The factor responsible for restraining the growth of the global side view camera system market is the high cost related to the research and development activities in these systems.

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Based on component type, the display segment is expected to grow at a higher CAGR over the forecast period owing to its highest share in the overall cost of the side view camera system, hence making is the largest contributed as compared to the other components. Additionally, the increasing implementation of advanced display solutions in the vehicles and rising investments for the development of enhanced quality organic light-emitting diode panels are some other major factors which are responsible for bolstering the growth of the market in this segment.

Based on vehicle type, the passenger car segment is anticipated to increase at a higher CAGR during the forecast period due to the increase in the usage of side view camera system in the luxury passenger cars such as BMW, and Audi, among others. Moreover, the growing demand for cars having increased safety features, along with enhanced level of comfort are also other major factors leading to an upsurge in the demand for the side view camera system in this segment during the forecast period.

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Based on the region, Asia-Pacific is anticipated to dominate the market during the forecast period owing to the rapid growth in industrialization and rising purchasing power of the middle-class population fuelling the demand for luxury and passenger vehicles with advanced safety features. Moreover, the increasing government regulations for the implementation of side view camera system in vehicles in some countries is also resulting in the market growth in this region.

Various notable players operating in the market include Valeo, Robert Bosch GmbH, Magna International Inc., Continental AG, Hyundai Mobis, Stoneridge, Inc., Panasonic Corporation, Mitsubishi Electric Corporation, Samsung Electro-Mechanics, Gentex Corporation, Denso Corporation, Motherson, and KYOCERA Corporation, among others. 

Key Developments: 

• • In 2019, Magna International Inc. expanded its presence in Morocco by the setup of a new facility in Kenitra. Through this facility, the company planned to offer exterior and interior mirror systems to the automakers and hence improve the driver’s experience by intelligent vision systems.
  • In 2019, Robert Bosch GmbH launched digital mirror system for implementing in Nikola Two trucks. This digital mirror system will be incorporated in the Nikola trucks which serves the twin steering system.

The global side view camera system market has been segmented based on the camera type, component type, vehicle type, and region. Based on the camera type, the market is segmented into single camera system and multi camera system. Based on the component type, the market is segmented into display, camera, ECU, and others. Based on the vehicle type, the market is segmented into commercial vehicle and passenger car.

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Key questions answered in this research report:

• • At what pace is the global side view camera system market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global side view camera system market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global side view camera system market?
  • Which camera type generated maximum revenues in 2019 and identify the most promising camera type during the forecast period?
  • What are the various vehicle types in the side view camera system market, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Side View Camera System Market by Camera Type

• • Single Camera System
  • Multi Camera System

Global Side View Camera System Market by Component Type

• • Display
  • Camera
  • ECU
  • Others

Global Side View Camera System Market by Vehicle Type

• • Commercial Vehicle
  • Passenger Car

Global Side View Camera System Market by Region

• • North America Side View Camera System Market (Option 1: As a part of the free 25% customization)
    • North America Side View Camera System Market by Camera Type
    • North America Side View Camera System Market by Component Type
    • North America Side View Camera System Market by Vehicle Type
    • US Side View Camera System Market All-Up
    • Canada Side View Camera System Market All-Up
  • Europe Side View Camera System Market (Option 2: As a part of the free 25% Customization)
    • Europe Side View Camera System Market by Camera Type
    • Europe Side View Camera System Market by Component Type
    • Europe Side View Camera System Market by Vehicle Type
    • UK Side View Camera System Market All-Up
    • Germany Side View Camera System Market All-Up
    • France Side View Camera System Market All-Up
    • Spain Side View Camera System Market All-Up
    • Rest of Europe Side View Camera System Market All-Up
  • Asia-Pacific Side View Camera System Market (Option 3: As a part of the free 25% Customization)
    • Asia-Pacific Side View Camera System Market by Camera Type
    • Asia-Pacific Side View Camera System Market by Component Type
    • Asia-Pacific Side View Camera System Market by Vehicle Type
    • China Side View Camera System Market All-Up
    • India Side View Camera System Market All-Up
    • Japan Side View Camera System Market All-Up
    • Rest of APAC Side View Camera System Market All-Up
  • RoW Side View Camera System Market (Option 4: As a part of the free 25% Customization)
    • RoW Side View Camera System Market by Camera Type
    • RoW Side View Camera System Market by Component Type
    • RoW Side View Camera System Market by Vehicle Type
    • Brazil Side View Camera System Market All-Up
    • South Africa Side View Camera System Market All-Up
    • Saudi Arabia Side View Camera System Market All-Up
    • UAE Side View Camera System Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Side View Camera System Market All-Up

Global Side View Camera System Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Valeo
  • Robert Bosch GmbH
  • Magna International Inc.
  • Continental AG
  • Hyundai Mobis
  • Stoneridge, Inc.
  • Panasonic Corporation
  • Mitsubishi Electric Corporation
  • Samsung Electro-Mechanics
  • Gentex Corporation
  • Denso Corporation
  • Motherson
  • KYOCERA Corporation