Automotive Side-view Camera System Market Trend, Technology Innovations And Growth Prediction 2021-2027

The “Automotive Side-view Camera System” Market report provides details on the latest recent developments, trade regulations, import-export analysis, analysis of production, value chain optimization, market share, impact of players on the national and localized market, analysis of opportunities in terms of emerging income pockets, changes in market regulations, strategic analysis of the market growth, market size, market growth of categories, application and domain niches, product approvals, product launches, geographic expansions, technological innovations in the market.

“The Automotive Side-view Camera System Market is predicted to register a CAGR of 112.7% over the forecast period 2021 – 2027.”

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Key Competitors of the Automotive Side-view Camera System market is: Stonebridge, FICOSA International S.A., Kappa Optronics GmbH, Magna International, SL Corporation, Continental AG, Samvardhana Motherson, Aptiv PLC, Clarion, Mobileye, OmniVision Technologies, Hitachi Automotive Systems, Valeo, Robert Bosch GmbH, ZF Friedrichshafen

Recent Developments

In April 2019, Robert Bosch GmbH launched a digital mirror system for new Nikola Two trucks. Along with the digital mirror, Nikola and Bosch worked together to develop a new fuel cell powertrain. These new Nikola trucks will be equipped with a mirror cam system, perfectly keyless, and serve the twin steering system.
In December 2018, Continental AG demonstrated next-generation digital cockpit at CES 2018, equipped with displays and touchscreens covering the entire width of the vehicle to form a complete system, ranging from the digital side mirror to the central display.

In January 2019, Stoneridge finally received approval from the Federal Motor Carrier Safety Administration (FMCSA). Post that, MirrorEye became only CMS that allows complete removal of traditional mirrors in the US. A 5 years exemption from FMCSA initialized the commercialization of MirrorEye in the US. According to the company, vehicles equipped with digital mirrors can achieve up to 2.5% fuel economy improvement due to superior aerodynamics.

In April 2019, Magna International set up a new facility in Kenitra, Morocco. The company invested USD 11.3 million to build the new 61,400 sq. foot facility for the production of exterior and interior mirror systems. The production expected to begin in spring 2020.

This report Provides intelligent marketing research for smarter decision-making and resource investment estimation. The report discusses these elements and describes the main players that are expected to extend the demand for the Automotive Side-view Camera System market within the upcoming years.

Automotive Side-view Camera System market report introduces some features and provides a basic view of the most players. In this report provides a comprehensive and in-depth review of the market. The players are likewise presenting newer product varieties within the market to reinforce the merchandise portfolio by embracing the new innovation and completing it in their business.

The Automotive Side-view Camera System market is often split supported product types, major applications, and important countries as follows:

Major Types covered are:

Body Mounted

Door Mounted

Major Applications covered are:

Passenger Car

Commercial Vehicle

Market Overview:

The global Automotive Side-view Camera System market is projected to grow from USD 2 million in 2021 to USD 388 million by 2027, at a CAGR. Factors such as increased passenger car and commercial vehicle production, focus on improving fuel efficiency by adopting lightweight technology, increased use of electrical and electronic components in vehicles are driving the Automotive Side-view Camera System market.

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The Asia Pacific is expected to be the fastest-growing market during the forecast period.

The Asia Pacific is projected to be the fastest-growing market by 2027. 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 the ES300h version L sedan with side view camera systems in 2018. Japan passed regulations for side view camera systems in 2016 allowing OEMs to integrate camera systems in place of side-view mirrors. Favorable regulations and innovations for Japanese OEMs are expected to drive the market in this region. Japan has already embraced the advantages of side view camera systems in 2018. Other major countries in this region such as China and the South are expected to follow the same in the future. Higher vehicle production in China will drive the market in the future in this region.

Regional market Automotive Side-view Camera System (regional production, demand and forecast by country):

North America (United States, Canada, Mexico)

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situations, most important trade models, and consequently the possible headways in services with the aid of using crucial gamers inside the upcoming years.

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Report Features:

To project the worth and sales volume of the Automotive Side-view Camera System market, with reference to key regions.
To analyses competitive developments like expansions, agreements, new product launches, and acquisitions within the market.
To study and analyses the global Automotive Side-view Camera System market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
to know the structure of the Automotive Side-view Camera System market by identifying its various sub-segments.
To percentage targeted records approximately the important thing elements influencing the enlargement of the market (increase potential, opportunities, industry-particular challenges, and risks).

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