Global Automotive Rear View Camera Systems
Market Report
2024
The Global Automotive Rear View Camera Systems market size is USD XX billion in 2023 and will expand at a compound annual growth rate (CAGR) of 12.50% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Automotive Rear View Camera Systems market size is USD XX billion in 2023 and will expand at a compound annual growth rate (CAGR) of 12.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Rear View Camera Systems Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.5% |
North America Automotive Rear View Camera Systems Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.7% |
United States Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.5% |
Canada Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.5% |
Mexico Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.2% |
Europe Automotive Rear View Camera Systems Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11% |
United Kingdom Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.8% |
France Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.2% |
Germany Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.2% |
Italy Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.4% |
Russia Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10% |
Spain Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.1% |
Rest of Europe Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.7% |
Asia Pacific Automotive Rear View Camera Systems Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 14.5% |
Australia Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 14.2% |
Rest of APAC Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 14.3% |
Korea Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 13.6% |
India Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 16.3% |
China Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 14% |
Japan Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 13% |
South America Automotive Rear View Camera Systems Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.9% |
Brazil Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.5% |
Argentina Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.8% |
Colombia Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.7% |
Peru Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.1% |
Chile Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.2% |
Rest of South America Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11% |
Middle East and Africa Automotive Rear View Camera Systems Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.2% |
GCC Countries Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 13% |
Egypt Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.5% |
South Africa Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 13.2% |
Turkey Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.7% |
Nigeria Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.3% |
Rest of MEA Automotive Rear View Camera Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.2% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Automotive Rear View Camera Systems industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Rear View Camera Systems Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An automotive rear view camera systems are safety features in vehicles that provide real-time video footage of the area behind the vehicle, aiding drivers in reversing and parking maneuvers. A growing concern for passenger safety propels the adoption of automotive rear view camera systems. Implementing these systems addresses blind spots, enhances visibility, and aids drivers in maneuvering, reducing the risk of accidents and collisions. As safety regulations tighten and consumers prioritize advanced safety features, integrating rear view camera systems becomes crucial, contributing to their widespread adoption in the automotive industry to improve overall road safety and reduce accidents.
For instance, in September 2018, Ficosa developed and manufactured the digital rear view system of the Audi e-tron, the foremost automobile to market with this technology. It uses cameras and displays instead of the traditional external side mirrors, offering a unique driving experience that is secure, more efficient, and more relaxed.
The automotive rear view camera systems market is experiencing growth attributed to the rising adoption of AI-based cameras. These advanced systems utilize artificial intelligence to process and analyze camera feeds, providing enhanced object detection, recognition, and safety. AI-based surround view cameras contribute to improved driver assistance, parking assistance, and overall situational awareness. As the automotive industry increasingly integrates AI technologies for safety and comfort characteristics, the demand for rear view cameras is expected to rise, enhancing the driving experience.
For instance, in August 2022, Brigade Electronics launched a new AI (Artificial Intelligence) based commercial vehicle safety system called CAREYE - "Safety Angle Turning Assistant" in European countries, including the U.K., France, Poland, and the Netherlands.
Automotive rear view camera systems have evolved due to technological advancements and product innovation. Traditional rear-view mirrors have been replaced by sophisticated camera systems, enhancing driver visibility and safety. Advanced features include high-resolution imaging, wide-angle views, and augmented reality displays. Integration with sensor technologies and object recognition further contributes to accident prevention. The continuous drive for innovation in the automotive industry propels the development of rear-view camera systems, making them indispensable for modern vehicle safety standards.
For instance, in January 2020, Gentex Corporation and Aston Martin announced they've jointly designed a camera-based rear vision system for prospective Aston Martin vehicles that dramatically enhances a driver's capability to observe traffic to the rear and sides of the automobile.
The automotive rear view camera systems market faces challenges due to the high initial installation costs associated with integrating advanced camera systems into vehicles. The cost includes hardware, software, and installation expenses. Consumers may find the initial investment prohibitive, impacting widespread adoption. However, the market anticipates a gradual shift as technology advances, production costs decrease, and regulatory mandates promote the integration of rearview camera systems, enhancing overall vehicle safety and reducing accidents.
The automotive rear view camera systems market is driven by the global push for enhanced vehicle safety standards. Governments worldwide are increasingly mandating vehicle rear view cameras, boosting market demand. However, the COVID-19 pandemic has disrupted the automotive supply chain, leading to temporary production halts and impacting the adoption of such systems. Despite the short-term challenges, the focus on safety and regulatory measures continues to be a significant driver for the automotive rear view camera systems market.
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The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major Automotive Rear View Camera Systems market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.
(Source: thenextweb.com/news/toyotas-woven-palnet-camera-only-approach-self-driving)
Top Companies Market Share in Automotive Rear View Camera Systems Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue due to increased consumer awareness of safety features, the desire for accident prevention, and the growing integration of advanced driver assistance systems (ADAS), which contribute to market growth. Automakers' efforts to enhance overall vehicle safety through rearview cameras drive their widespread adoption in the North American automotive market.
Europe is the fastest-growing region due to stringent safety regulations, increasing consumer demand for advanced driver assistance systems (ADAS), and a growing emphasis on vehicle safety. The desire for enhanced parking assistance and the adoption of advanced technologies contribute to the widespread integration of surround-view cameras in automobiles, propelling the growth of the automotive rear-view camera systems market in Europe.
The current report Scope analyzes Automotive Rear View Camera Systems Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global automotive rear view camera systems market size was estimated at USD XX Billion, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX billion in 2023 and will extend at a compound annual growth rate (CAGR) of 10.7% from 2023 to 2030 due to the increasing consumer awareness, a preference for advanced safety technologies, and the integration of rear-view cameras in modern vehicles contribute to market growth in the region. According to Cognitive Market Research, passenger vehicles are driven by stringent safety regulations mandating the inclusion of rearview cameras. Enhanced driver visibility, accident prevention, and the overall focus on vehicle safety contribute to the widespread adoption of these systems in passenger vehicles. In conclusion, the North American automotive rear view camera systems market is driven by stringent safety regulations, consumer demand for advanced safety features, and technological innovations.
According to Cognitive Market Research, the global automotive rear view camera systems market size was estimated at USD XX Billion, out of which Europe held the major market of more than 30% of the global revenue with a market size of USD XX billion in 2023 and will improve at a compound annual growth rate (CAGR) of 11.0% from 2023 to 2030, owing to the increasing consumer demand for advanced driver assistance systems (ADAS), and the increasing emphasis on road safety. Integration of rear-view cameras enhances vehicle safety, lowering the risk of accidents and extending the overall driving incident. According to Cognitive Market Research, commercial vehicles are driven by stringent safety regulations, heightened road safety awareness, and the increasing integration of advanced driver-assistance systems (ADAS) in commercial fleets, enhancing visibility and reducing accidents. In conclusion, the European automotive rear view camera systems market is driven by safety regulations, consumer preferences, and advancements in automotive technology.
According to Cognitive Market Research, the global automotive rear view camera systems market size was estimated at USD XX Billion, out of which Asia Pacific held the market of more than 23% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 14.5% from 2023 to 2030 due to the region's stringent safety regulations, increasing consumer awareness, and the expanding adoption of advanced driver assistance systems. According to Cognitive Market Research, growing concerns about road safety, government regulations mandating rearview systems, and the desire for enhanced driving visibility contribute to the increasing demand for these automotive camera solutions. In conclusion, the Asia Pacific automotive rear view camera systems market is driven by stringent safety regulations, increasing consumer awareness, and the automotive industry's technological evolution.
According to Cognitive Market Research, the global automotive rear view camera systems market size was estimated at USD XX Billion, out of which the Latin America market has more than 5% of the global revenue with a market size of USD XX billion in 2023 and will expand at a compound annual growth rate (CAGR) of 11.9% from 2023 to 2030 due to the region's increasing awareness of the benefits of rear view cameras, such as accident prevention and enhanced parking assistance, contributes to the market's expansion in the region. According to Cognitive Market Research, the growing emphasis on enhancing vehicle safety, reducing accidents, and meeting regulatory standards propels the adoption of advanced rear-view camera systems in the automotive industry. In conclusion, the market's growth is driven by increasing safety regulations, consumer demand for advanced driver-assistance features, and a rising automotive market.
According to Cognitive Market Research, the global automotive rear view camera systems market size was estimated at USD XX Billion, out of which the Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2023 to 2030 due to growing emphasis on vehicle safety. The requirement for advanced driver-assistance systems (ADAS) and increased road safety awareness contribute to the adoption of surround view cameras in the automotive sector. According to Cognitive Market Research, plug-in car cameras are driven by the growing emphasis on vehicle safety and the extending need for advanced driver-assistance systems (ADAS) for enhanced visibility and accident prevention in the region's automotive sector. In conclusion, the MEA automotive rear view camera systems market is driven by the region's growing automotive industry and increasing customer requirements for advanced safety features.
Global Automotive Rear View Camera Systems Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Rear View Camera Systems Industry growth. Automotive Rear View Camera Systems market has been segmented with the help of its Type, Application , and others. Automotive Rear View Camera Systems market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, plug-in car cameras held the major market share over the projected period due to the rising emphasis on vehicle safety. Regulatory mandates, consumer demand for advanced driver assistance systems (ADAS), and the desire to mitigate blind spots contribute to the adoption. Plug-In Car Cameras enhance driver visibility, reduce accidents, and align with the automotive industry's focus on improving overall safety standards, fostering market growth.
Car-dedicated cameras are the fastest-growing category over the forecast period due to the growing priority on vehicle safety. Car-dedicated cameras enhance driver visibility, reduce blind spots, and improve road safety. Stringent safety regulations, consumer demand for advanced driver-assistance features, and the automotive industry's commitment to reducing accidents propel the adoption of rear-view camera systems. Integrating these dedicated cameras aligns with the automotive sector's focus on innovative technologies to enhance driver and passenger safety.
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According to Cognitive Market Research, passenger vehicles hold a prominent market stake due to the growing integration of advanced safety features in passenger vehicles. Regulatory mandates for rearview camera installations to enhance vehicle safety, prevent accidents, and reduce blind-spot incidents significantly expand the market.
Commercial vehicles are the fastest-growing category over the forecast period due to the expanding emphasis on safety in commercial vehicles. Regulatory mandates for rearview systems, aimed at reducing accidents and enhancing driver visibility, propel market demand. Commercial vehicle operators prioritize these systems to mitigate blind spots, improve maneuverability, and comply with safety standards. The increasing awareness of safety measures and the desire to prevent collisions contribute significantly to the growth of rearview camera systems in commercial vehicles.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Rear View Camera Systems market report 2024 Edition by contacting our team.
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Disclaimer:
Type | Plug-In Car Camera, Embedded Car Camera, Car Dedicated Camera |
Application | Commercial Vehicle, Passenger Vehicle |
List of Competitors | Delphi, Valeo, Magna, Bosch, SMR Automotive , Hella, Clarion, Alpine, Mitsubishi Electric, Panasonic, Pioneer Electronics , Automation Engineering Inc, ROSCO, Neusoft, Xiamen Xoceco |
This chapter will help you gain GLOBAL Market Analysis of Automotive Rear View Camera Systems. Further deep in this chapter, you will be able to review Global Automotive Rear View Camera Systems Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Automotive Rear View Camera Systems Market Trends North America Automotive Rear View Camera Systems Technological Road Map North America Automotive Rear View Camera Systems Market Drivers North America Automotive Rear View Camera Systems Market Restraints North America Automotive Rear View Camera Systems Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Rear View Camera Systems market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Plug-In Car Camera have a significant impact on Automotive Rear View Camera Systems market? |
What are the key factors affecting the Plug-In Car Camera and Embedded Car Camera of Automotive Rear View Camera Systems Market? |
What is the CAGR/Growth Rate of Commercial Vehicle during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Rear View Camera Systems Market? |
Which region is expected to dominate the global Automotive Rear View Camera Systems Market within the forecast period? |
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