Vehicle Rear Vision Systems Market Trends and Key Developments

The vehicle rear vision systems are systems such as cameras and mirrors used for the elimination of blind spots and improve the rear vision during normal driving and reversing. The rear vision systems improve the vision on the backside of the vehicle by eliminating any rear seating, pillars or any obstructions allowing the driver to have an uninterrupted view of the lanes. The new systems provide vision over a wider angle range. Some cameras provide the view of what’s behind and slightly to the sides all the time, rather than just at the time of reversing. With the rising technological advancements and increasing demand for safety, many OEMs have incorporated such systems as a mandatory feature in cars, thus driving the growth of the market.

The highly competitive passenger cars market consists of a large number of players with similar product offerings in each segment. Thus, the car makers need to adopt new strategies in order to hold their share in the market. Thus the addition of value added features such as advanced vehicle rear vision systems is emerging as a prominent strategy by the OEMs to differentiate their products in the market.

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With the incorporation of vehicle rear vision systems in cars, collisions and accidents are avoided to a large extent. The rising awareness among vehicle owners for the deployment of advanced safety and security in the cars is driving the growth of the global vehicle rear vision systems market.

The high cost associated with vehicle rear vision systems are restraining the growth of the market especially in the developing economies. Moreover, the higher expense associated with the regular maintenance of such systems is also restraining the growth of the market.

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A major trend observed in the global vehicle rear vision systems market is the development of advanced infrared night vision camera systems that allow the users to detect and monitor objects even in complete darkness.

Another trend in the global rear vision system market is the development of high tech vision systems for autonomous self-driving vehicles.

Some of the examples of the market participants identified across the value chain of the global vehicle rear vision systems are: Robert Bosch GmbH, Magna International Inc., Continental AG, Gentex Corporation, Mitsubishi Electric Corporation, Delphi Automotive LLP. , Valeo S.A., Ficosa Internacional SA, David Horn Communications Ltd and Truck Rear Vision Systems (TRVS) among others.

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