Automotive Rear View Camera Systems Market Report 2024 (Global Edition)

Global Automotive Rear View Camera Systems Market Report 2024 Market Size Split by Type (Plug-In Car Camera, Embedded Car Camera, Car Dedicated Camera), by Application (Commercial Vehicle, Passenger V...

Automotive Rear View Camera Systems Market Report Description

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Automotive Rear View Camera Systems Market Insights Video

Competitive Landscape of the Automotive Rear View Camera Systems Market

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.

Automotive Rear View Camera Systems Industry News

• April 2022: Toyota subsidiary Woven Planet has announced that it is taking a camera-only approach to autonomous driving instead of using Light Detection and Ranging (LiDAR) measurement technology. The company aimed to use low-cost cameras as an alternative intelligent visual solution to reduce production costs and expand AV technology.

(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)

• Delphi
• Valeo
• Magna
• Bosch
• SMR Automotive 
• Hella
• Clarion
• Alpine
• Mitsubishi Electric
• Panasonic
• Pioneer Electronics 
• Automation Engineering Inc
• ROSCO
• Neusoft
• Xiamen Xoceco
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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In terms of revenue, the North American Automotive Rear View Camera Systems Market share was 40% of the total market

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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Automotive Rear View Camera Systems Market

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.

Europe Automotive Rear View Camera Systems Market

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.

• The Luxembourg automotive rear view camera systems market is projected to grow at a CAGR of 11.1% during the prediction period, with a market size of USD XX billion in 2023.
• The Portugal automotive rear view camera systems market is projected to grow at a CAGR of 10.8% during the forecast period, with a market size of USD XX billion in 2023.
• The Greece automotive rear view camera systems market is projected to grow at a CAGR of 11.3% during the prediction period, with a market size of USD XX billion in 2023.

Asia Pacific Automotive Rear View Camera Systems Market

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 South East Asia automotive rear view camera systems market is projected to grow at a CAGR of 15.5% during the forecast period, with a market size of USD XX billion in 2023.

South America Automotive Rear View Camera Systems 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 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.

Middle East and Africa Automotive Rear View Camera Systems 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.

Automotive Rear View Camera Systems Market Analysis

Automotive Rear View Camera Systems Type Segment Analysis

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.

• Plug-In Car Camera
• Embedded Car Camera
• Car Dedicated Camera

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Rear View Camera Systems Industry. Request a Free Sample PDF!

Automotive Rear View Camera Systems Application Segment Analysis

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.

• Commercial Vehicle
• Passenger Vehicle

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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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.

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