Side View Camera System Market - Trends Forecast Till 2028

Market Overview

The global Side View Camera System Market size is projected to reach USD 11.4 billion by 2026 at a CAGR of 25.7% from USD 7.1 billion in 2021.

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.

Regional Analysis

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.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Hyundai Mobis
• Continental AG
• Valeo
• Magna International
• Robert Bosch GmbH
• Denso Corporation
• Stoneridge
• Denso Corporation
• Samsung Electro-Mechanics
• Mitsubishi Electric Corporation

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

Report Scope