seobhushan (25)

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Side View Camera System Market is projected to
reach CAGR 25 by 2027
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Key Insights from Side View Camera System Market

• Inclusion of sophisticated driver assistance
  systems in vehicles to lower the number of road
  accidents will accelerate the demand for
  side-view camera systems. A report published by
  WHO claims that an approximate 1.35 million
  deaths are registered each year that involve road
  traffic crashes. With rising number of road
  fatalities, automakers are seeking to incorporate
  advanced systems that assure improved passenger
  safety.
• Replacing side mirrors with side view cameras
  could have a plethora of benefits like
  elimination of blind spots, smart parking view,
  ability to zoom on following vehicles, use in
  automated collision avoidance, and recording.
  Several car brands, like Audi, are now offering
  customers an option of side-view cameras that
  will display a video feed directly on the
  infotainment system.
• The side view camera systems market size will be
  around USD 300 million by 2027. The demand for
  high-performance side view camera systems is
  expected to grow supported by new developments in
  ADAS systems used in vehicles across countries
  like Japan, Germany, Italy, France, and the U.S.

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Regional Insights in Side View Camera System
Market

• Expanding automotive sector of Europe is offering
  robust growth opportunities to the side view
  camera market as the region owns the presence of
  renowned automakers such as BMW, Volkswagen, Audi
  AG, and Mercedes-Benz who are constantly focusing
  on research development associated with ADAS
  systems.
• The Middle East Africa is also emerging as a
  promising business avenue for the side view
  camera system industry. Improving economic
  conditions have led to an increase in rising
  disposable income, positively influencing the car
  ownership rates. As per a report, in 2020,
  Dubais registered vehicle count increased to
  1.83 million in contrast to 1.4 million vehicles
  recorded in 2015.
• In APAC, companies specializing in side view
  camera systems are investing in RD activities
  for offering novel products to tap a major market
  share. Citing an instance to highlight the same,
  in 2018, Toyota Motor announced plans to
  introduce a digital alternative to side-view
  mirrors in its Lexus sedan.

4

Latest Research Report On Side View Camera System
Market _at_ https//www.gminsights.com/industry-analy
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5
Major Companies in Side View Camera System Market

• Denso Corporation
• Valeo
• Panasonic Corporation
• Samsung Electronics Co., Ltd.
• Ficosa International SA
• Magna International Inc.

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Industry Coverage

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