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Side View Camera System Market 2021-2027 By Regional Industry Growth & Forecast

The demand for side view camera system market will accelerate, inclusion of sophisticated driver assistance systems in vehicles to lower the number of road accidents.<br><br>Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/5059

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Side View Camera System Market 2021-2027 By Regional Industry Growth & Forecast

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  1. Side View Camera System Market is projected to reach CAGR 25% by 2027

  2. Key Insights from Side View Camera System Market: • Inclusion of sophisticated driver assistance systems in vehicles to lower the number of road accidents will accelerate the demand for side-view camera systems. A report published by WHO claims that an approximate 1.35 million deaths are registered each year that involve road traffic crashes. With rising number of road fatalities, automakers are seeking to incorporate advanced systems that assure improved passenger safety. • Replacing side mirrors with side view cameras could have a plethora of benefits like elimination of blind spots, smart parking view, ability to zoom on following vehicles, use in automated collision avoidance, and recording. Several car brands, like Audi, are now offering customers an option of side-view cameras that will display a video feed directly on the infotainment system. • The side view camera systems market size will be around USD 300 million by 2027. The demand for high-performance side view camera systems is expected to grow supported by new developments in ADAS systems used in vehicles across countries like Japan, Germany, Italy, France, and the U.S.

  3. Regional Insights in Side View Camera System Market: • Expanding automotive sector of Europe is offering robust growth opportunities to the side view camera market as the region owns the presence of renowned automakers such as BMW, Volkswagen, Audi AG, and Mercedes-Benz who are constantly focusing on research & development associated with ADAS systems. • The Middle East & Africa is also emerging as a promising business avenue for the side view camera system industry. Improving economic conditions have led to an increase in rising disposable income, positively influencing the car ownership rates. As per a report, in 2020, Dubai’s registered vehicle count increased to 1.83 million in contrast to 1.4 million vehicles recorded in 2015. • In APAC, companies specializing in side view camera systems are investing in R&D activities for offering novel products to tap a major market share. Citing an instance to highlight the same, in 2018, Toyota Motor announced plans to introduce a digital alternative to side-view mirrors in its Lexus sedan.

  4. Latest Research Report On Side View Camera System Market @ https://www.gminsights.com/industry-analysis/side-view-camera-system-market Request for a sample of this research report @https://www.gminsights.com/request-sample/detail/5059

  5. Major Companies in Side View Camera System Market: • Denso Corporation • Valeo • Panasonic Corporation • Samsung Electronics Co., Ltd. • Ficosa International SA • Magna International Inc.

  6. Industry Coverage

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