The global side-view camera systems market size reached USD 2.4 Million in 2020 and is expected to register a revenue CAGR of 104.1% during the forecast period, according to latest analysis by Emergen Research. Increasing implementation of side view camera systems for Advanced Driver Assistance System (ADAS) and increasing usage of side view camera systems for reducing blind spots is projected to support market revenue growth between 2021 and 2028. In addition, increasing demand for luxury vehicles will continue to boost revenue growth of the market. Offer of more features in luxury car offerings and rising disposable income is boosting demand for luxury vehicles in the recent past. Luxury vehicles offer improved performance, more comfortable cabin, and all the latest safety and technologically advanced features, which is expected to increase implementation of side-view camera systems in luxury vehicles. In 2020 for instance, Lexus Motors Ltd. the availability of new technologies to its clients for even higher safety levels as well as convenience with the launch of digital side-view monitor for its ES 300h luxury hybrid vehicles in the Europe market.
The report emphasizes the demands and ongoing trends of the global Side-view Camera Systems market, more importantly, across the major regions of the market. Additionally, our analysts have included SWOT analysis and Porter’s Five Forces analysis in the report to offer a better understanding of the competitive spectrum of this ever-evolving industry. Moreover, the report sheds light on the cutting-edge expansion strategies adopted by the market contenders, such as mergers & acquisitions, joint ventures, partnerships & collaborations, new product launches, and brand promotions.
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The global Side-view Camera Systems market consists of various segments, including product type outlook, application spectrum, end-user overview, leading regions, and the competitive analysis. The report further provides information regarding the value chain, emerging market sectors, and the technological advancements in the industry to benefit readers and businesses looking to invest in this industry.
Key Market Competitors Profiled in the Report:
Continental AG, Hyundai Mobis Co., Ltd., Valeo SA, Magna International Inc., Denso Corporation, Robert Bosch GmbH, Stoneridge, Inc., Samvardhana Motherson Group, ZF Friedrichshafen AG, and Gentex Corporation
Key Highlights From the Report
Multi-camera system segment revenue is expected to expand at a substantially rapid CAGR during the forecast period as multi-camera system creates a dynamic, animated 3D car model that gives the driver an impressive, detailed view of the vehicle’s surroundings.
Passenger vehicle segment is expected to register a significantly robust revenue growth rate over the forecast period due to rising demand for advanced technologies that increase driver as well as passenger safety.
Europe side-view camera systems market is expected to register a considerably robust revenue growth rate over the over the forecast period due to robust presence of domestic and international market players offering side-view camera systems such as Continental AG, ZF Friedrichshafen AG, Robert Bosch GmbH, and Valeo SA among others in countries in the region.
Major Geographies Covered in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Emergen Research has segmented global side-view camera systems on the basis of camera type, component, vehicle type, and region:
Camera Type Outlook (Revenue, USD Million; 2018–2028)
Component Outlook (Revenue, USD Million; 2018–2028)
Electronic Control Unit (ECU)
Vehicle Type Outlook (Revenue, USD Million; 2018–2028)
Light Commercial Vehicle
Heavy Commercial Vehicle
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The global Side-view Camera Systems market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand & supply ratio, import/export status, growth rate, and other critical aspects. Additionally, the report also performs SWOT analysis, Porter’s Five Forces analysis, speculation attainability investigation, and venture return investigation.
Key Questions Answered in the Report:
What is the growth rate of the Side-view Camera Systems market? What is the anticipated market valuation of Side-view Camera Systems industry by 2028?
What are the key growth driving and restraining factors of the Side-view Camera Systems market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Side-view Camera Systems industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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