Automotive Rear View Camera Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMAUTR473 | Last Updated On: Jul 05 2022 | Available Formats

> Global Automotive Rear View Camera Market Expected to reach a high CAGR by 2029: DataM Intelligence

Global Automotive Rear View Camera Market is segmented By Connectivity Type (Wired, Wireless), By Camera position Type (Surface mounted, Flush mounted, License mounted), By Application (Passenger Cars, Commercial Vehicles), By sales channel (Aftermarket, OEM), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global Automotive Rear View Camera Market is expected to grow at a high CAGR during the forecasting period (2022-2029)

  • Rear View Camera is also known as a backup camera or reversing camera. Rear View Camera was seen as a luxury a few years ago, now they are seen as a necessary tool. Rear View Cameras are believed to prevent accidents.
  • The global Automotive rearview Camera market is expected to overgrow until all passenger & commercial vehicles in developed countries have a rearview camera.

Market Dynamics

  • Apart from Automotive sales, the rearview camera market is dependent on Safety Awareness and regulatory mandate. Thus increasing measures for safe driving has led the proportion of cars with a rearview camera or backup camera to grow in the last ten years.
  • According to US legislation, all new cars sold in the US from May 2018 must have a rearview camera. According to the EU commission, Rear-View Cameras will be mandatory from 2021. This drives the demand for the automotive rearview camera market in the coming years.
    Lack of safety awareness and regulatory mandates have hindered the growth of the rearview camera market in developing countries.

Segmentation Analysis

  • The automotive rearview Camera market is segmented by connectivity type, position type, vehicle type, and sales channel.
  • By position type, the market is segmented into Surface-mounted cameras, License mounted cameras, and Flush mounted cameras.
  • Surface-mounted cameras can be installed on any flat surface and are commonly climbed high up. They are typically used in larger vehicles. The license mounted camera is mounted on the existing license plate hole.
  • The flush-mounted camera is mounted through a hole in the body of the vehicle. License mounted, and Flush-mounted type camera is the preferred type for passenger vehicles.
  • By application, the market is segmented into Passenger vehicles & Commercial vehicles. Passenger cars account for a significant share of the market. Demand for safety innovation in passenger cars and is responsible for rearview camera market growth.

Regional Analysis

  • By region, the market can be segmented into North America, South America, Europe, Asia-pacific, and the rest of the world. Asia-pacific is the most significant segment in the market due to strong automotive sales. In developing countries, an increase in penetration rate, and automotive sales in Asia will drive the market.

Competitive Trends

  • The rearview camera market is very competitive consisting of major corporations as well as mid-sized companies.
  • Some of the major players in the market are Magna International, Delphi, Valeo, Continental, DENSO, Bosch, and others.

What are the critical application segments in this report?

By connectivity Type

• Wire
• Wireless

By Camera Position Type

• Surface mounted
• Flush mounted
• License mounted

By Application

• Passenger Cars
• Commercial Vehicles

By sales channel

• Aftermarket
• OEM

By Region

• Asia Pacific
• Europe
• North America
• South America
• Rest of the World

The scope of the report

  • The report covers the key factors impacting the market, Porter 5 Forces, Product Benchmarking, and company profiles. The automotive rearview Camera market is segmented by connectivity Type (Wired, Wireless), Camera Position Type (Surface mounted, Flush mounted, License mounted), By Application (Passenger Cars, Commercial Vehicles), By sales channel (Aftermarket, OEM). Based on geography the market is segmented into – North America, South America, Europe, Asia Pacific, and the Rest of the world.

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