Side View Camera System Market to Grow at 112.0% CAGR to 2027
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The 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%.
Top Companies Profiled in the Side View Camera System Market:
• Hyundai Mobis (South Korea)
• Continental AG (Germany)
• Valeo (France)
• Samvardhana Motherson (India)
• Magna International (Canada)
• Robert Bosch (Germany)
• Stoneridge (US)
“Favorable regulation and early adoption of technology is likely to propel the growth of the market during the forecast period.”
Due to favorable regulations for side view camera systems and early adoptions in countries such as Germany. The market growth in the Asia Pacific region is driven by a significant demand for increasing innovations and production volume in China, Japan, South Korea. For instance, Japanese luxury automaker Lexus launched ES300h version L sedan with side view camera systems in 2018.
“Asia Pacific is expected to grow at the highest CAGR during the forecast period.”
The Asia Pacific region comprises rapidly emerging economies such as China and India, along with developed nations such as Japan, and is the largest market for automotive. In recent years, the region has emerged as a hub for automobile production. As the governments of these countries have imposed stringent emission standards and fuel efficiency levels, upcoming vehicles must go through strict new car assessment programs.
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Breakdown of primary participants’ profile:
• By Company Type: OEMs - 31%, Tier I - 57%,and Tier II& III - 12%,
• By Designation: CXOs - 25%, Manager - 46%,and Others - 29%
• By Region: North America - 39%, Europe - 28%, Asia Pacific - 31%, and Rest of the World- 2%
Competitive Landscape of Side View Camera System Market:
2 Market Ranking Analysis
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.3 Dynamic Differentiators
3.4 Emerging Companies
4 Strength of Product Portfolio
5 Business Strategy Excellence
6 Winners vs. Losers
7 Competitive Scenario
7.1 New Product Development
Reason to access this report:
The report will help leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall side view camera system market. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
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