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Impact of Rising Vehicle Numbers on the Side View Camera System Market: A Key Factor Shaping the Future of the Side View Camera System Market in 2025
Side View Camera System
The increasing demand for vehicles is expected to drive the side-view camera system market. As the number of vehicles on the road rises due to urbanization and economic growth, the demand for safety and visibility features, such as side-view camera systems, is also growing. These systems improve safety by enhancing visibility of blind spots, helping drivers with lane changes and parking maneuvers. In January 2024, the U.S. Energy Information Administration reported that 16.3% of all new light-duty vehicle sales in the U.S. in 2023 were electric or hybrid vehicles. This increasing vehicle demand will drive the growth of the side-view camera system market.
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What is the projected compound annual growth rate (CAGR) of the side view camera system market from 2025 to 2034, and what factors influence it?
The side view camera system market has grown exponentially in recent years. It is expected to grow from $0 billion in 2024 to $0.01 billion in 2025, at a CAGR of 86.2%. The growth is attributed to regulatory mandates for vehicle safety, rising consumer demand for enhanced driver assistance systems, increased adoption of electric and autonomous vehicles, a rise in road accidents, and the growing shift toward smart, connected vehicles.
The side view camera system market is expected to grow to $0.08 billion by 2029, with a CAGR of 85.9%. This growth is attributed to stronger vehicle safety regulations, demand for luxury and electric vehicles, autonomous vehicle sector expansion, consumer interest in vehicle aesthetics, and efforts to reduce blind spots and road accidents. Trends include automotive safety technology advancements, ADAS adoption, camera technology innovations, AI integration, and improvements in sensor technology.
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How are the latest trends influencing the growth of the side view camera system market?
Companies in the side view camera system market are advancing safety features by incorporating speed assist systems in cameras. For example, in July 2023, Mobileye Global Inc. introduced the Intelligent Speed Assist (ISA), a camera-only system that detects speed limits and provides alerts when drivers exceed them. The solution helps meet EU General Safety Regulation requirements and improves road safety by recognizing traffic signs without relying on GPS data.
What are the major segments of the side view camera system market and their role in driving growth?
The side view camera system market covered in this report is segmented -
1) By Component: Camera, Electronic Control Unit (ECU), Display, Other Components
2) By Technology: Infrared Camera, Thermal Camera, Digital Camera
3) By Mounting Location: Body Mounted, Door Mounted
4) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
5) By Application: Park Assist System, Driver Monitoring System, Blind Spot Detection, Night Vision System, Other Applications
Subsegments:
1) By Camera: Front Camera, Rear Camera, Side Camera
2) By Electronic Control Unit (ECU): Centralized ECU, Distributed ECU
3) By Display: In-Dash Display, Rearview Mirror Display, Head-Up Display (HUD)
4) By Other Components: Wiring Harness, Sensors (Proximity Sensors), Mounting Kits, Power Supply Units
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Which geographical regions are pioneering growth in the side view camera system market?
Europe was the largest region in the side view camera system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the side view camera system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the side view camera system market?
Major companies operating in the side view camera system market are Bayerische Motoren Werke AG, Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis, Magna International Inc., Valeo SA, Aptiv PLC, Kyocera Corporation, Autoliv Inc., HELLA GmbH & Co. KGaA, Samsung Electro-Mechanics, Lexus, Visteon Corporation, Pioneer Corporation, Gentex Corporation, Mobileye, OmniVision Technologies, Stoneridge, Kappa Optronics GmbH, SL Corporation
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What Is Covered In The Side View Camera System Global Market Report?
•Market Size Forecast: Examine the side view camera system market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the side view camera system market for a structured understanding.
•Key Players Overview: Analyze major players in the side view camera system market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the side view camera system market.
•Segment Contributions: Evaluate how different segments drive overall growth in the side view camera system market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the side view camera system market.
•Industry Challenges: Identify potential risks and obstacles affecting the side view camera system market.
•Competitive Landscape: Review strategic developments in the side view camera system market, including expansions, agreements, and new product launches.
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