Side View Camera System Market Booming Demand Leading to Exponential CAGR Growth by 2027
The side view camera system market is projected to expand exponentially by 2027 due to increasing demand for multi-camera systems, rising R&D related to side view cameras, and growing demand for advanced ADAS systems.
Cameras have been expertly integrated into cars in a way that modern drivers have come to expect. Optional features such as reverse cameras were once one of the top-end features but now are often expected and, in few places, even a need for brand-new vehicles.
Side view cameras show the user an expanded view of a lane nearby when the driver uses the turn signal or activates the feature manually. This feature essentially shares similar kind of uses to blind spot monitors.
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Since it is limited by various factors, a side-view mirror shows considerably less than a camera can. Various top car brands, such as Audi, have produced cars that come with the option of side-view cameras. These systems display a video feed directly into the infotainment system screen, or occasionally in the speedometer screens in front of the driver.
The side view camera system market is bifurcated in terms of type, application and regional landscape.
As per type, the market is divided into multi camera and single camera. Among these, there will be an increasing demand for multi-camera systems segment since they provide a complete 360-degree view of the surroundings.
The multi-camera system largely supports drivers by offering a precise view of the vehicle surroundings to allow for proper maneuvering as well as convenient parking. Today, several vehicles come with a pre-installed touchscreen display, which drivers can use to choose from numerous modes and perspectives.
In terms of application, the overall side view camera system market is classified into commercial and passenger. The growing transportation & logistics sector across the world will boost the demand for side view camera installations in commercial vehicles segment.
On the regional front, the side view camera system market in North America will witness robust demand over the forthcoming time period owing to the region's strong automotive sector. This further supports the ongoing R&D initiatives related to side view cameras. Additionally, high car ownership rates in the region are also elevating the demand for advanced ADAS systems in the region, fueling the industry outlook.
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Increasing number of safety regulations for the implementation of side view camera system in vehicles is also resulting in the market growth in this region. Additionally, advancement in technology and launch of new products by key market players in the region will contribute towards market growth.
Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Scope & definitions
1.2 Methodology & forecast parameters
1.3 COVID-19 impact
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 MEA
1.4 Data sources
1.4.1 Secondary
1.4.2 Primary
Chapter 2 Executive Summary
2.1 Side view camera system market 360º synopsis, 2017 - 2027
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Type trends
2.1.4 Application trends
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