Side View Camera System Market Analysis, Size, Share, Growth, Trends and Forecast to 2027
The side view camera system market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.
The side view camera system market is projected to record appreciable gains over 2021 to 2027, owing to the rising demand for advanced systems that are incorporated in vehicles for ensuring better safety on roads. Several automotive manufacturers are incorporating advanced rear-view cameras for enabling the drivers to have an enhanced view of the surroundings of the vehicle.
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The side view camera system market size is set to be driven by an upsurge in the number of passenger vehicles at the global level. In India, passenger vehicles recorded sales of 310,294 units in October 2020, compared to a total of 271,737 units in the month of October 2019.
The market is further expected to be propelled by an escalating number of vehicles that focus on the integration of driver assistance systems for ensuring the safety of passengers, drivers, animals on the road, as well as pedestrians.
While there was a drop in the number of passenger vehicle registrations in the year 2020 owing to the COVID-19 pandemic, the industry is regaining traction in 2021 owing to relaxations in the lockdown.
The side view camera market is witnessing an escalating expansion from multi camera systems segment as these offer a 360-degree view of the vehicle surroundings to the driver. This ensures enhanced safety on the roads as a multi camera system provide numerous cameras that are installed at various locations on the vehicle.
The system is connected to a display that collaborates the data which is captured by these cameras onto a single display.
In a nutshell, an increase in the number of car owing consumers in developed economies like Europe and North America will boost market share through the forecasted period.
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The Middle East & Africa side view camera system market share will register commendable proceeds through the ensuing years owing to advancements in economic conditions in the region. This has resulted in an upsurge in disposable incomes, further propelling the rates of car ownership.
Major Key Points from Table of Content:
Chapter 5 Side View Camera System Market, By Type
5.1 Side view camera market share, by type, 2020 & 2027
5.2 Single camera
5.2.1 Market estimates and forecast, 2017 – 2027
5.3 Multi-system
5.3.1 Market estimates and forecast, 2017 – 2027
Chapter 6 Side View Camera System Market, By Application
6.1 Side view camera market share, by application, 2020 & 2027
6.2 Passenger
6.2.1 Market estimates and forecast, 2017 – 2027
6.3 Commercial
6.3.1 Market estimates and forecast, 2017 – 2027
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