Press release
Emerging Growth Patterns Driving Rapid Expansion in the Trailer Rear Vision Display Market
Trailer Rear Vision Display Market
Projected Market Size and Growth of the Trailer Rear Vision Display Market
The trailer rear vision display market is anticipated to experience rapid growth, reaching a value of $2.14 billion by 2030. This expansion reflects a strong compound annual growth rate (CAGR) of 11.6%. Several factors contribute to this surge, including advancements in smart transportation systems, the digital transformation of vehicle fleets, rising demand for real-time visibility, increased adoption of connected vehicles, and compliance with safety regulations. Emerging trends expected to drive the market further involve the integration of trailer rear vision displays with advanced driver assistance systems (ADAS), growing interest in trailer safety solutions, wider acceptance of wireless camera technologies, growth in commercial fleet sizes, and an increase in aftermarket installations.
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Key Companies Leading the Trailer Rear Vision Display Market
Several prominent players dominate the trailer rear vision display space. These include Robert Bosch GmbH, Panasonic Corporation, Denso Corporation, Continental Aktiengesellschaft, Hyundai Mobis Co. Ltd., Magna International Inc., Valeo Société Anonyme, Garmin Ltd., Visteon Corporation, Ficosa International S.A., Gentex Corporation, Stoneridge Inc., FLABEG Holding GmbH, Stonkam Co. Ltd., Rear View Safety Inc., Brigade Electronics Group Plc, Furrion Ltd., Hopkins Manufacturing Corporation, TadiBrothers LLC, and Swift Hitch.
A notable development occurred in May 2024, when Phillips, a US-based manufacturer, formed a partnership with Inland Trailer Forge, a Mexico-based trailer manufacturer specializing in rear vision displays. This collaboration aims to elevate trailer technology by integrating advanced telematics and smart trailer systems into Inland Trailer's new products.
Important Trends Shaping the Trailer Rear Vision Display Sector
Leading companies are focusing on innovation by introducing WiFi-enabled cameras that offer flexible installation without the need for complex wiring. These wireless cameras transmit video and audio through WiFi networks, enabling remote surveillance and monitoring via connected devices.
For example, in May 2024, Phillips Industries unveiled the REAR-VU Backup Camera, which offers a dependable WiFi connection with a range exceeding 70 feet and ultra-low latency for real-time video feed. The camera delivers a 170-degree wide-angle view, providing clear visibility of trailer bumpers and doors, as well as a monitoring range extending over 50 feet behind the trailer. The REAR-VU system integrates easily with any electronic logging device (ELD) navigation system and supports automatic over-the-air firmware updates. Its mobile app ensures quick and straightforward setup, while the device also functions as a dual-purpose marker light compatible with different trailer door configurations. By improving driver awareness and overall safety, this system helps protect assets and pedestrians alike.
View the full trailer rear vision display market report:
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Detailed Breakdown of Trailer Rear Vision Display Market Segments
This report segments the trailer rear vision display market into several categories:
1) Product Type: Wired Systems and Wireless Systems
2) Display Type: Liquid Crystal Display (LCD), Organic Light Emitting Diode (OLED), and other display technologies
3) Sales Channel: Original Equipment Manufacturer (OEM) and Aftermarket
4) Vehicle Type: Light Commercial Vehicles, Heavy Commercial Vehicles, Recreational Vehicles, Trailers, and other types
5) Application: Commercial and Personal use
Further sub-segmentation includes:
- Wired Systems: Single-Camera, Dual-Camera, Multi-Camera, LCD Wired Systems, Human-Machine Interface (HMI) or Touchscreen Wired Systems
- Wireless Systems: Single-Camera, Dual-Camera, Multi-Camera, LCD Wireless Systems, HMI or Touchscreen Wireless Systems
This segmentation allows for a comprehensive understanding of the market's structure and caters to diverse customer requirements across various vehicle types and usage scenarios.
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