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Pulished Date April, 2021
ID: 9834
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Side View Camera System Market Segmentation by Application (Park Assist System, Driver Monitoring System, Blind Spot Detection, Night Vision System, Others), By Technology (Infrared Camera, Thermal Camera, Digital Camera), By Vehicle (PC, LCV, HCV), By Sales Channel (OEM, Aftermarket) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026

Pulished: April, 2021
ID: 9834
Pages: 175

Market Overview:
The global side view camera systems market is expected to reach $ 388 million by 2027, compared to $ 2 million in 2021, at a compound annual rate of 112%. The market for side view camera systems, by volume, is expected to grow from 10,000 units in 2020 to 235,000 units in 2027, at a startling annual rate of 115.2%.

Car cameras can be installed on the front and rear sides of a vehicle, as well as inside for security reasons. Outdoor cameras help keep a safe distance from major vehicles, identify pedestrians, avoid them, and follow the road.

The market for vision camera systems is expected to grow during the forecast period due to driving factors such as increased ergonomics of the classy vehicle, including demand for lower fuel consumption. Also, the increase in truck production should boost the market growth. Additionally, high research and development costs can be a difficult factor for the market for side view camera systems during the forecast period. Moreover, the increasing popularity of real-time security devices would create symbolic growth opportunities for the side view camera systems market in the coming years. Vision camera systems are increasingly installed in passenger cars. Technological progressions in the sector and the surge in usage of electronic components in the automotive sector are considered as pivotal in boosting the global automotive side view camera market growth.

Recent Developments:

  • South Korea's largest auto parts maker Hyundai Mobis said it has developed a camera surveillance system that will replace the side mirrors of next-generation vehicles.
  • Continental AG combines panoramic vision systems, which were previously implemented individually, to form a complete system: several satellite cameras provide high-precision image data that is processed and evaluated by a central control unit.
  • Continental shows how a prototype vehicle equipped with a trio of cameras and a cluster of displays that allows the driving force to glance at the right, left, and rear of the car at the dashboard.

Drivers and Restraints of Side View Camera System Market:

Drivers:

The growing specialization in security and technological advancements in the automotive industry is driving the expansion of the market for side view camera systems. Favorable regulation and rapid adoption of the technology are expected to drive market expansion during the forecast period. The increasing influence of the latest automotive evaluation programs (NCAP) is one of the key factors that should stimulate the expansion of the global automotive side view camera market in the coming years. The augmenting need for passenger cars, along with increased safety awareness is promoting the sales of automotive cameras, which, in turn, is determined to develop the target market in future. The increasing demand for detection cameras in driver assistance systems, as well as the growing demand for advanced technologies in automobiles, is also responsible for the expansion of the automotive side view camera market. Moreover, automotive cameras are sensitive enough to detect difficult driving conditions and help drivers control the vehicle, which should support the development of this market.

Restraints:
The high initial cost of installing cameras in automobiles can limit sales in this business. However, vehicle inflation and the high cost involved in designing and testing these cameras may hinder the expansion of this market in the future.

Market Segmentation:

By application:

  • Park assist system
  • Driver monitoring system
  • Blindspot detection
  • Night vision system
  • Others

By Technology:

  • Infrared Camera
  • Thermal Camera
  • Digital Camera

By Vehicle:

  • PC
  • LCV
  • HCV

The passenger car segment is expected to be the largest market during the forecast period. Passenger cars are the most important segment of the market for vision camera systems. The early adoption of quality passenger car vision camera systems would increase the demand for passenger car vision camera systems. Existing regulations for vision camera systems in the European region would be an important factor for growth in the region. Multi-camera systems are beneficial because commercial vehicles have larger and more difficult blind spots than small passenger cars.

By Sales Channel:

  • OEM
  • After Market

OEMs are increasingly adopting appealing interiors, smarter infotainment systems, and other exciting features for a comfortable driving, which are promoting the expansion in this segment.

Side View Camera System Market Region-wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada 
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan 
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America is expected to dominate the automotive side view camera market due to the growing demand for luxury vehicles in the United States and Canada. This, including the increase in the installation of Advanced Driver Assistance Systems (ADAS), should increase demand for the automotive camera market in the coming years. Europe is the largest market for side view camera systems due to demand in Germany, the United Kingdom, France, and others. The ECU Commission has adopted legislation authorizing on-site vision camera systems for optical mirrors. Security standards and support guidelines for these camera systems will drive rapid adoption in this region. The Asia-Pacific region is expected to guide the market for side view camera systems through the increasing specialization of safety regulations to mitigate fatal road accidents. The increasing adoption of electric vehicles in China and Japan is also expected to stimulate the market for side view camera systems in this region. Latin America, the Middle East, and Africa are expected to experience increased demand for automobiles as a result of increasing urbanization and the economic process, which in turn will accelerate the expansion of the automotive side view camera system market during the outlook period.

IMPACT OF COVID-19 ON SIDE VIEW CAMERA SYSTEM MARKET:
The global pandemic brought by the novel corona infection comes at a time when both the world economy and the car business were seeking after recuperation. While the GDP development gauges were low, COVID-19 may bring about a negative effect of 1-2% on the normal development rates. The total extent of effect relies upon the span of continuous lockdown and the effect caused by this pandemic. 

Having guaranteed a quick reaction to the flare-up and lockdown, car organizations should distinguish where to act rapidly and unequivocally both for the time being and long haul. While the momentary need is to keep up liquidity and effectiveness, midterm need ought to be to reestablish gainful consistent tasks while in the drawn-out associations may in a general sense need to survey their technique and working model.

Key Players of Market:

The global side view camera system market is dominated by key players like Hyundai Mobis (South Korea), Continental AG (Germany), Valeo (France), Samvardhana Motherson (India), Magna International (Canada), Robert Bosch (Germany), Denso Corporation (Japan), and Stoneridge (US), and many others. 

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Side View Camera System Market, By Application            

                    6.1.1 Park Assist System   

                    6.1.2 Driver Monitoring System   

                    6.1.3 Blind Spot Detection

                    6.1.4 Night Vision System 

                    6.1.5 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.6 Y-o-Y Growth Rate Analysis         

                    6.1.7 Market Attractiveness Index         

          6.2 Side View Camera System Market, By Technology           

                    6.2.1 Infrared Camera       

                    6.2.2 Thermal Camera      

                    6.2.3 Digital Camera         

                    6.2.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.5 Y-o-Y Growth Rate Analysis         

                    6.2.6 Market Attractiveness Index         

          6.3 Side View Camera System Market, By Vehicle                  

                    6.3.1 PC       

                    6.3.2 LCV     

                    6.3.3 HCV    

                    6.3.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.5 Y-o-Y Growth Rate Analysis         

                    6.3.6 Market Attractiveness Index         

          6.4 Side View Camera System Market, By Sales Channel                  

                    6.4.1 OEM    

                    6.4.2 Aftermarket   

                    6.4.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.4 Y-o-Y Growth Rate Analysis         

                    6.4.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Application

                    7.2.3 By Technology          

                    7.2.4 By Vehicle      

                    7.2.5 By Sales Channel      

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Application

                    7.3.3 By Technology          

                    7.3.4 By Vehicle      

                    7.3.5 By Sales Channel      

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Application

                    7.4.3 By Technology          

                    7.4.4 By Vehicle      

                    7.4.5 By Sales Channel      

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Application

                    7.5.3 By Technology          

                    7.5.4 By Vehicle      

                    7.5.5 By Sales Channel      

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Application

                    7.6.3 By Technology          

                    7.6.4 By Vehicle      

                    7.6.5 By Sales Channel      

8. Key Player Analysis                           

          8.1 Hyundai Mobis           

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Continental AG           

          8.3 Valeo SA          

          8.4 Samvardhana Motherson                 

          8.5 Magna International              

          8.6 Robert Bosch              

          8.7 Denso Corporation                

          8.8 Stoneridge                  

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By Cutting Systems and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Side View Camera System Market By Region, From 2021-2026 ( USD Billion )
  2. Global Side View Camera System Market By Application, From 2021-2026 ( USD Billion )
  3. Global Park Assist System Market By Region, From 2021-2026 ( USD Billion )
  4. Global Driver Monitoring System Market By Region, From 2021-2026 ( USD Billion )
  5. Global Blind Spot Detection Market By Region, From 2021-2026 ( USD Billion )
  6. Global Night Vision System Market By Region, From 2021-2026 ( USD Billion )
  7. Global Side View Camera System Market By Technology, From 2021-2026 ( USD Billion )
  8. Global Infrared Camera Market By Region, From 2021-2026 ( USD Billion )
  9. Global Thermal Camera Market By Region, From 2021-2026 ( USD Billion )
  10. Global Digital Camera Market By Region, From 2021-2026 ( USD Billion )
  11. Global Side View Camera System Market By Vehicle, From 2021-2026 ( USD Billion )
  12. Global PC Market By Region, From 2021-2026 ( USD Billion )
  13. Global LCV Market By Region, From 2021-2026 ( USD Billion )
  14. Global HCV Market By Region, From 2021-2026 ( USD Billion )
  15. Global Side View Camera System Market By Sales Channel, From 2021-2026 ( USD Billion )
  16. Global OEM Market By Region, From 2021-2026 ( USD Billion )
  17. Global Aftermarket Market By Region, From 2021-2026 ( USD Billion )

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