Automotive Rear View Camera Overview
[150 Pages Report] The Global Automotive Rear View Camera Market is expected to grow at a high CAGR during the forecasting period (2024-2031)
Market Scope
| Metrics | Details |
| Market CAGR | High |
| Segments Covered | By Connectivity Type, By Camera Position Type, By Application, By Sales Channel, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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- 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, but 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 mandates. Thus increasing measures for safe driving have 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 in 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.
Market 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 is responsible for the 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.
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.
