Press release
Side View Camera System Market to Hit at a Highest CAGR of 25.7%, Key Players are Continental AG, Valeo, Magna International, Robert Bosch GmbH, Denso Corporation
"Side View Camera System Market"
Top players covered in Side View Camera System Market report: Hyundai Mobis, Continental AG, Valeo, Magna International, Robert Bosch GmbH, Denso Corporation, Stoneridge, Denso Corporation, Samsung Electro-Mechanics, Mitsubishi Electric Corporation, and Others.
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Side view camera is a type of camera which is usually installed in vehicles for safety purposes. It tends to provide a better driving experience by enhancing the view of the driver. It gives the driver a 360-degree view of the surrounding to ensure safe, easy, and comfortable driving experience.
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 some of the factors that have supported long-term expansion for Side View Camera System Market.
The COVID-19 pandemic, the side view camera system market witnessed a downfall due to the stringent lockdown imposed by the government of major countries.
Scope of the Report:
Side View Camera System Market is segmented into camera type, component, vehicle type and region.
On the basis of camera type, the side view camera system market is segmented into:
Single Camera System
Multi Camera System
On the basis of component, the side view camera system market is segmented into:
Camera
ECU
Display
On the basis of vehicle type, the side view camera system market is segmented into:
PC
CV
On the basis of region, the side view camera system market is segmented into:
Asia Pacific
North America
Europe
South America
Middle East & Africa
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.
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 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.
Reasons to Acquire
Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors.
Gain authentic and granular data access for Side View Camera System Market so as to understand the trends and the factors involved behind changing market situations.
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
Direct Purchase of the Side View Camera System Market Research Report at: https://www.delvens.com/checkout/side-view-camera-system-market-trends-forecast-till-2028
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