Bus Rear View Camera RVC Market Report 2024 (Global Edition)

Global Bus Rear View Camera RVC Market Report 2024 Market Size Split by Product Type (CCD Chips, CMOS Chips, Other), by Application (Original Equipment Manufacturers OEMs, Aftermarket), by Distributio...

Bus Rear View Camera RVC Market Report Description

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Bus Rear View Camera RVC Market Insights Video

Competitive Landscape of the Bus Rear View Camera RVC Market

The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major bus Rear View Camera (RVC) market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.

Bus Rear View Camera RVC Industry News

• September 2019: Bosch designed an MPC3 mono video camera for applications, including advanced driver assistance systems and autonomous driving. The unique camera employs a multi-path approach and artificial intelligence (AI) for more efficient distinction.

(Source: auto.economictimes.indiatimes.com/news/auto-technology/bosch-develops-camera-with-ai-for-autonomous-driving/70948155)

Top Companies Market Share in Bus Rear View Camera RVC Industry: (In no particular order of Rank)

• Stonkam
• Luminator Technology
• Rear View Safety
• Vision Techniques
• Rostra Precision Controls
• Lintech Enterprises
• Veise Electronic
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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 Bus Rear View Camera RVC 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 growing emphasis on road safety. Implementing rear-view cameras in buses enhances visibility, reduces blind spots, and improves overall safety, aligning with regulatory requirements. The increasing awareness of the conceivable risks associated with large commercial vehicles reinforces the adoption of RVC systems. With a focus on preventing accidents and ensuring passenger safety, the North American bus RVC market experiences heightened demand in the transportation sector.

Europe is the fastest-growing region due to stringent safety regulations, along with a rising awareness of the significance of rear view visibility in large vehicles like buses, propel the demand for RVC systems. The desire to mitigate blind spots, prevent accidents, and comply with safety standards motivates the adoption of these cameras, positioning them as crucial components in enhancing the overall safety and maneuverability of buses on European roads.

The current report Scope analyzes Bus Rear View Camera RVC 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 Bus Rear View Camera RVC Market

According to Cognitive Market Research, the global bus Rear View Camera (RVC) market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2023 and will extend at a compound annual growth rate (CAGR) of 18.7% from 2023 to 2030 due to heightened emphasis on safety in the transportation sector. Regulatory mandates and the desire to mitigate accidents and enhance passenger safety drive the widespread adoption of RVC systems in buses, fostering market growth. According to Cognitive Market Research, these advanced chips enhance image quality, low-light performance, and overall camera functionality, contributing to improved bus safety and visibility and driving the market's growth in the region. In conclusion, stringent safety regulations and technological innovations drive the North American bus Rear View Camera (RVC) market.

• According to Cognitive Market Research, the US had a major share in the bus Rear View Camera (RVC) market, with a market size of USD XX million in 2023, and is projected to extend at a CAGR of 18.5% during the prediction period owing to the increasing consumer demand for advanced safety features in vehicles. 
• The Canadian bus Rear View Camera (RVC) market had a market share of USD XX million in 2023 and is projected to grow at a CAGR of 19.5% during the forecast period, owing to the growing emphasis on vehicle safety and advanced driver assistance systems (ADAS).  
• The Mexico bus Rear View Camera (RVC) market is projected to improve at a CAGR of 19.2% during the forecast period, with a market size of USD XX million in 2023.

Europe Bus Rear View Camera RVC Market

According to Cognitive Market Research, the global bus Rear View Camera (RVC) market size was estimated at USD XX Million, out of which Europe held the major market of more than 30% of the global revenue with a market size of USD XX million in 2023 and will improve at a compound annual growth rate (CAGR) of 19.0% from 2023 to 2030, owing to stringent safety regulations, emphasizing the installation of rear-view cameras in commercial vehicles. The focus on improving road safety and preventing accidents propels the adoption of RVC systems in buses across the European region. According to Cognitive Market Research, CCD chips enhance image clarity and low-light performance, meeting safety standards and improving overall visibility, which is crucial for buses, contributing to market growth in the region. In conclusion, the European bus Rear View Camera (RVC) market is driven by safety regulations, consumer preferences, and advancements in automotive technology.

• According to Cognitive Market Research, the German bus Rear View Camera (RVC) market size was valued at USD XX million in 2023 and is projected to grow at a CAGR of 19.2% over the forecast period due to stringent safety standards. 
• The United Kingdom's bus Rear View Camera (RVC) market had a market share of USD XX million in 2023 and is projected to grow at a CAGR of 19.8% over the forecast period. This is due to rising security concerns and technological advancements.
• The French bus Rear View Camera (RVC) market is projected to grow at a CAGR of 18.2% over the forecast period, with a market size of USD XX million in 2023.
• The Italian bus Rear View Camera (RVC) market is projected to grow at a CAGR of 18.4% over the forecast period, with a market size of USD XX million in 2023.
• The Russian bus Rear View Camera (RVC) market is projected to grow at a CAGR of 18.0% during the prediction period, with a market size of USD XX million in 2023.
• The Spanish bus Rear View Camera (RVC) market is projected to grow at a CAGR of 18.1% during the forecast period, with a market size of USD XX million in 2023.
• The Luxembourg bus Rear View Camera (RVC) market is projected to grow at a CAGR of 19.1% during the prediction period, with a market size of USD XX million in 2023.
• The Portugal bus Rear View Camera (RVC) market is projected to grow at a CAGR of 18.8% during the forecast period, with a market size of USD XX million in 2023.
• The Greece bus Rear View Camera (RVC) market is projected to grow at a CAGR of 19.3% during the prediction period, with a market size of USD XX million in 2023.
• The Rest of Europe's bus Rear View Camera (RVC) market is projected to grow at a CAGR of 17.7% over the forecast period, with a market size of USD XX million in 2023.

Asia Pacific Bus Rear View Camera RVC Market

According to Cognitive Market Research, the global bus Rear View Camera (RVC) market size was estimated at USD XX Million, out of which Asia Pacific held the market of more than 23% of the global revenue with market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of 22.5% from 2023 to 2030 due to the region's implementation of rear-view cameras in buses enhances overall visibility, reduces blind spots, and mitigates the risk of accidents, contributing to improved road safety standards across the region. According to Cognitive Market Research, the demand for wireless Bus RVCs is driven by their convenience, ease of installation, and enhanced safety features, catering to the region's growing transportation and automotive sectors. In conclusion, the Asia Pacific Bus Rear View Camera (RVC) market is driven by stringent safety regulations, increasing consumer awareness, and the automotive industry's technological evolution.

• According to Cognitive Market Research, the size of the China bus Rear View Camera (RVC) market was valued at USD XX million in 2023 and is projected to grow at a CAGR of 22.0% during the forecast period. This is primarily due to the rising demand for advanced driver assistance systems and the emphasis on vehicle safety.
• The Indian bus Rear View Camera (RVC) market had a market share of USD XX million in 2023 and is projected to grow at a CAGR of 24.3% during the forecast period. This is due to the growing emphasis on vehicle safety, as consumers seek advanced technology for enhanced visibility and parking assistance. 
• The Japan bus Rear View Camera (RVC) market is projected to grow at a CAGR of 21.0% during the forecast period, with a market size of USD XX million in 2023.
• The South Korean bus Rear View Camera (RVC) market is projected to grow at a CAGR of 21.6% during the forecast period, with a market size of USD XX million in 2023.
• The Australian bus Rear View Camera (RVC) market is projected to grow at a CAGR of 22.2% during the forecast period, with a market size of USD XX million in 2023.
• The South East Asia bus Rear View Camera (RVC) market is projected to grow at a CAGR of 23.5% during the forecast period, with a market size of USD XX million in 2023.
• The Rest of Asia Pacific bus Rear View Camera (RVC) market is projected to grow at a CAGR of 22.3% during the forecast period, with a market size of USD XX million in 2023.

South America Bus Rear View Camera RVC Market

According to Cognitive Market Research, the global bus Rear View Camera (RVC) market size was estimated at USD XX Million, out of which the Latin America market has more than 5% of the global revenue with market size of USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of 19.9% from 2023 to 2030 due to the region's increasing awareness of the importance of RVC systems in preventing accidents and enhancing passenger safety drives the demand for these systems in the region. According to Cognitive Market Research, increasing regulatory emphasis on safety standards and the need to mitigate blind spots contribute to the growing adoption of RVC systems in the region's commercial vehicles. In conclusion, the market's growth is driven by increasing safety regulations, consumer demand for advanced driver-assistance features, and a rising bus market.

• According to Cognitive Market Research, the size of the Brazilian bus Rear View Camera (RVC) market was valued at USD XX million in 2023 and is projected to grow at a CAGR of 20.5% during the prediction period. This is primarily due to a growing focus on vehicle safety, leading to increased demand for advanced automotive camera systems.
• The Argentina bus Rear View Camera (RVC) market had a market share of USD XX million in 2023 and is projected to expand at a CAGR of 20.8% during the projected period. This is owing to the growing emphasis on vehicle safety, prompting the adoption of advanced camera systems for enhanced visibility and safety features. 
• The Colombia bus Rear View Camera (RVC) market is projected to extend at a CAGR of 19.7% during the forecast period, with a market size of USD XX million in 2023.
• The Peru bus Rear View Camera (RVC) market is projected to grow at a CAGR of 20.1% during the forecast period, with a market size of USD XX million in 2023.
• The Chile bus Rear View Camera (RVC) market is projected to grow at a CAGR of 20.2% during the forecast period, with a market size of USD XX million in 2023.
• The Rest of Latin America bus Rear View Camera (RVC) market is projected to grow at a CAGR of 19.0% during the prediction period with a market size of USD XX million in 2023.

Middle East and Africa Bus Rear View Camera RVC Market

According to Cognitive Market Research, the global bus Rear View Camera (RVC) market size was estimated at USD XX Million, out of which Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of 20.2% from 2023 to 2030 due to the growing emphasis on road safety. The integration of rear-view cameras in buses enhances visibility, reducing accidents and improving overall traffic safety, prompting increased adoption in the MEA region. According to Cognitive Market Research, the imperative for enhanced safety in passenger vehicles expands the market. The demand for RVCs is propelled by regulations, growing awareness, and the need to mitigate accidents, ensuring regional passenger safety. In conclusion, the MEA bus Rear View Camera (RVC) market is driven by the region's growing automotive industry and increasing customer requirements for advanced safety features.

• According to Cognitive Market Research, the GCC Countries' bus Rear View Camera (RVC) market size was valued at USD XX million in 2023 and is projected to extend at a CAGR of 21.0% during the projected period. This is due to the growing emphasis on vehicle safety and advanced driver assistance systems.
• The South African bus Rear View Camera (RVC) market had a market share of USD XX million in 2023 and is projected to expand at a CAGR of 21.2% during the projected period. This is due to the growing emphasis on vehicle safety, parking assistance, and enhanced driving visibility. 
• The Egyptian bus Rear View Camera (RVC) market is projected to grow at a CAGR of 20.5% during the forecast period, with a market size of USD XX million in 2023.
• The Turkish bus Rear View Camera (RVC) market is projected to grow at a CAGR of 19.7% during the projected period, with a market size of USD XX million in 2023.
• The Nigeria bus Rear View Camera (RVC) market is anticipated to grow at a CAGR of 19.3% during the forecast period, with a market size of USD XX million in 2023.
• The Rest of MEA bus Rear View Camera (RVC) market is projected to grow at a CAGR of 19.2% during the projected period with a market size of USD XX million in 2023.

Bus Rear View Camera RVC Market Analysis

Bus Rear View Camera RVC Product Type Segment Analysis

According to Cognitive Market Research, CMOS chips held the major market share over the projected period. In rear-view cameras, CMOS technology enhances image quality, low-light sensitivity, and power efficiency. As the demand for cutting-edge safety features in buses increases, the integration of CMOS chips contributes to the growth of the bus RVC market.

CCD chips are the fastest-growing category over the forecast period as this technology enhances image quality, low-light performance, and overall reliability. CCD chips in RVCs ensure clear and high-resolution video feed, contributing to improved safety and visibility in the transportation sector.

• CCD Chips
• CMOS Chips
• Other

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 Bus Rear View Camera RVC Industry. Request a Free Sample PDF!

Bus Rear View Camera RVC Application Segment Analysis

According to Cognitive Market Research, original equipment manufacturers (OEMs) hold a prominent market stake in enhancing driver visibility and passenger safety, OEMs prioritize the installation of rear-view cameras, meeting regulatory standards and responding to consumer demand for improved safety measures, driving the growth of the market. 

Aftermarket are the fastest-growing category over the forecast period due to increased regulatory requirements, coupled with a growing awareness of the benefits of rear-view cameras in preventing accidents and improving maneuverability, propel the demand for aftermarket installations, reflecting a commitment to enhancing safety standards in bus transportation.

• Original Equipment Manufacturers OEMs
• Aftermarket

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

Bus Rear View Camera RVC Distribution Channel Segment Analysis

According to Cognitive Market Research, online stores hold a prominent market stake in the rising adoption of e-commerce platforms for automotive accessories. Online availability provides customers convenient access to a wide range of Bus RVC options, enabling easy comparison, reviews, and efficient purchasing processes, thereby contributing to the market's growth in the digital space.

Offline is the fastest-growing category over the forecast period, as many consumers prefer purchasing RVCs through physical retailers due to the need for personalized assistance, demonstrations, and immediate availability. This offline presence facilitates a seamless purchasing experience, contributing to bus rear view cameras' growth and widespread adoption.

• Online
• Offline

Bus Rear View Camera RVC End Use 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 rear view 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 Vehicles
• Passenger Vehicles

Bus Rear View Camera RVC Technology Segment Analysis

According to Cognitive Market Research, wireless held the major market share over the projected period. Wireless RVCs enhance the visibility of blind spots, improve maneuverability, and contribute to accident prevention, making them essential for ensuring passenger safety and operational efficiency in bus transportation systems.

Wired is the fastest-growing category over the forecast period due to the critical need for enhanced safety in the transportation sector. These cameras provide real-time rearview monitoring, reducing blind spots and enhancing overall bus safety, thereby driving their adoption as an essential safety feature in the transportation industry.

• Wired
• Wireless

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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