Side View Camera System Market Trend | Demand and Import/Export Details up to 2030 | Hyundai Mobis, Continental AG, Valeo

The global side view camera system market was valued at US$ 75million in 2020 and is expected to reach US$ 392 million by the year 2030. The market will grow at a compound annual growth rate (CAGR) of 18% during the forecast year from 2021 to 2030.

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A side view camera is a camera installed in vehicles for safety reasons. The camera is attached to the side-view mirrors to provide a 360-degree view of the surroundings. The side view camera provides a better and enhanced driving experience to the drivers. The camera has several parts sensor, display, camera, and other parts. The camera helps in detecting pedestrians, maneuvering through congested and narrow roads, assisting in parking, and providing vision on things on the blind side of the driver.

Factors Infuencing

There has been a surge in demand for premium and luxury cars that come equipped with side-view cameras and other advanced systems. This factor will result in growth for the global side view camera market.
There has been an introduction of improved driving systems like side-view cameras throughout the years. Since many countries are moving towards better and safer driving policies, it will result in increasing demand for the global side view camera market.
The high installation cost of the cameras is projected to slow down the growth of the global side view camera market.

Impact Analysis of Covid-19

The covid-19 pandemic caused a strict lockdown to curb the infection rates from the virus. It resulted in a temporary halt in the production and manufacturing industry of many products, including automobiles. The slowdown in the automobile industry growth ultimately declined the growth of the global side view camera market. The side view camera market growth slowed down due to pandemic-induced lockdown. As a result, it hampered the demand and supply of the side-view camera market. The overall impact of the covid-19 pandemic negatively impacted the demand of the global side view camera market.

Regional Insights

In terms of region, the Asia-Pacific region has the largest market share. The demand for side view camera systems is due to the high level of production and innovation in countries like Japan, South Korea, and China. Japan also introduced regulations that allowed vehicle manufacturers to place side view camera systems. Other countries like South Korea and China are anticipated to proceed with the same approach in the near future. The high production of vehicles in China is expected to increase demand for the global side view camera system.

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Competitors in the Market

The following are the most prominent companies in the global side view camera system market:

Hyundai Mobis
Continental AG
Valeo
Magna International
Robert Bosch GmbH
Denso Corporation
Stoneridge
Samvardhana Motherson
Samsung Electro-Mechanics
Mitsubishi Electric Corporation
Panasonic Corporation
Samsung Electronics Co. Ltd.
Other Prominent Players
Scope of the Report

The global side view camera system market focuses on segments of Camera Type, Vehicle Type, Component, Technology, Application, Sales Channel and Region.

By Camera Type

Single Camera System
Multi-Camera System

By Vehicle Type

Personal Car
Light Commercial Vehicle
Heavy Commercial Vehicle

By Component

Camera
Display
ECU

By Technology

Digital Camera
Infrared Camera
Thermal Camera

By Application

Driver Monitoring System
Blind Spot Detection
Park Assist System
Night Vision System

By Sales Channel

Original Equipment Manufacturer
Aftermarket

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By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

What is the goal of the report?

-The market report presents the estimated size of the ICT market at the end of the forecast -period.

-The report also examines historical and current market sizes.

-During the forecast period, the report analyzes the growth rate, market size, and market valuation.

-The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.

-The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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This release was published on openPR.