Global Side View Camera System Market Study, 2020-2027 - Market Set to Exhibit a Massive $112% and 115.2% CAGR by Value and Volume, Respectively


Dublin, Dec. 20, 2019 (GLOBE NEWSWIRE) -- The "Side View Camera System Market by Camera Type (Single Camera & Multi-Camera), Component (Camera, ECU, and Display), Vehicle (Passenger Car & Commercial Vehicle), and Region (Asia Pacific, Europe, North America and RoW) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The side view camera system market, by value, is projected to reach US$ 388 million by 2027 from US$ 2 million in 2020, at a CAGR of 112%. The side-view camera system market, by volume, is expected to reach 10 thousand units in 2020 and 2,235 thousand units by 2027, at a CAGR of 115.2%.

The side-view camera system market comprises major manufacturers such as Hyundai Mobis (South Korea), Continental AG (Germany), Valeo (France), Samvardhana Motherson (India), Magna International (Canada), Robert Bosch (Germany), and Stoneridge (US) and many others.

The increasing focus on safety and technological advancements in the automotive industry are driving the growth of the side view camera system market.

The market is driven by the rising demand for the safety and comfort of passengers. The Asia Pacific is estimated to lead the side view camera system market due to the increasing focus on safety standards to minimize fatal accidents on the road. The rising adoption of electric vehicles in China and Japan is also expected to drive the side view camera system market in this region.

Favorable regulation and early adoption of technology are likely to propel the growth of the market during the forecast period.

Due to favorable regulations for side view camera systems and early adoptions in countries such as Germany. The market growth in the Asia Pacific region is driven by a significant demand for increasing innovations and production volume in China, Japan, South Korea.

For instance, Japanese luxury automaker Lexus launched ES300h version L sedan with side view camera systems in 2018. Japan passed regulations for side view camera systems in 2016 allowing OEMs to integrate camera systems in place of side-view mirrors. Favorable regulations and innovations for Japanese OEMs are expected to drive the market in this region.

Asia-Pacific is expected to grow at the highest CAGR during the forecast period.

The Asia-Pacific region comprises rapidly emerging economies such as China and India, along with developed nations such as Japan, and is the largest market for automotive. In recent years, the region has emerged as a hub for automobile production. As the governments of these countries have imposed stringent emission standards and fuel efficiency levels, upcoming vehicles must go through strict new car assessment programs.

Thus, OEMs are expected to launch cars with improved safety features for higher occupant safety to achieve higher safety ratings. The rising demand for clean, safe, and smart mobility in China, India, South Korea, Thailand, and Japan would foster the growth of the side camera system market.

Europe is expected to be the largest market during the forecast period.

The region had a total of 309 automobile assembly and production plants as of June 2019. Leading automotive manufacturers in Europe offer innovative automotive solutions such as high-performance engines and advanced connectivity features to stay competitive. In motor vehicle production Europe stood second after China. According to the European Automobile Manufacturers Association (ACEA), Europe accounted for 23.2% of the global vehicle production in 2018.

The European Commission passed legislation to allow side view camera systems in place of optical side view mirrors. Safety regulations and supportive guidelines regarding side view camera systems will fuel early adoption in this region.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Side View Camera System Market to Grow at A Significant Rate During the Forecast Period (2020-2027)
4.2 Europe is Expected to Lead the Global Side View Camera System Market in 2022
4.3 Side View Camera System Market, By Component and Camera Type
4.4 Side View Camera System Market, By Component Type
4.5 Side View Camera System Market, By Camera Type
4.6 Side View Camera System Market, By Vehicle Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Lower Fuel Consumption
5.2.1.2 Improved Ergonomics of Luxury Cars
5.2.1.3 Increased Production of Light & Heavy Trucks
5.2.2 Restraints
5.2.2.1 Reliability of Technology
5.2.2.2 Behavioral Changes
5.2.3 Opportunities
5.2.3.1 Emergence of Autonomous Vehicles
5.2.3.2 Demand for Active Safety Features (Real Time)
5.2.3.3 Growth of Electric Vehicle (EV)
5.2.4 Challenges
5.2.4.1 Country-Specific Regulations
5.2.4.2 High R&D Cost
5.2.5 Impact of Market Dynamics
5.3 Vehicle Model Analysis for Side View Camera System Market
5.4 Revenue Shift Driving Market Growth
5.5 Revenue Missed: Opportunities for Side View Camera System Manufacturers
5.6 Side View Camera System Market, Scenarios (2019-2027)
5.6.1 Side View Camera System Market, Most Likely Scenario
5.6.2 Side View Camera System Market, Optimistic Scenario
5.6.3 Side View Camera System Market, Pessimistic Scenario

6 Industry Trends
6.1 Introduction
6.2 Technological Overview
6.2.1 Multi-Camera Support for Autonomous/Semi-Autonomous Vehicles
6.2.2 Conjunction of Adas, Camera, and Ai
6.2.3 Requirements of A Camera Monitor System (CMS)
6.2.3.1 High Image Quality and Low Light Performance
6.2.3.2 Led Flicker Mitigation and Obstruction Detection
6.3 Porters Five Forces
6.4 Regulatory Overview
6.4.1 Japan Side View Camera System Regulations
6.4.2 European Union Side View Camera System Regulations
6.4.3 United States Side View Camera System Regulations

7 Side View Camera System Market, By Camera Type
7.1 Introduction
7.2 Research Methodology
7.3 Assumptions
7.4 Single Camera System
7.4.1 Low Cost of Cameras is Expected to Drive the Adoption of Single Camera Systems
7.5 Multi-Camera System
7.5.1 Additional Camera Features Will Fuel the Demand for Multi Camera Systems
7.6 Market Leaders

8 Side View Camera System Market, By Component Type
8.1 Introduction
8.2 Research Methodology
8.3 Assumptions
8.4 Camera
8.4.1 Extensive Use of Cameras in Automotive Will Increase the Adoption of Hd Cameras in Side View Camera System
8.5 Ecu
8.5.1 Advancements in Ecu Will Allow Easy Integration of Side View Camera Systems
8.6 Display
8.6.1 Planned Mass Adoption of Oled in Panel Lighting and Hmi Will Reduce Cost of Displays in the Future
8.6.2 Liquid Crystal Display (LCD)
8.6.3 Thin Film Transistor-Liquid Crystal Display (TFT-LCD)
8.6.4 Organic Light Emitting Diode (OLED)
8.7 Others
8.7.1 Early Adoption in Asian Countries Will Impact the Market
8.8 Market Leaders

9 Side View Camera System Market, By Vehicle Type
9.1 Introduction
9.2 Research Methodology
9.3 Assumptions
9.4 Passenger Car
9.4.1 Incorporation of Advanced Safety Features Will Boost the Adoption of Side View Camera System in Passenger Cars
9.5 Commercial Vehicle
9.5.1 Bus
9.5.2 Truck
9.5.2.1 Increasing Concern Over Blind Spot Reduction in Trucks and Trailers Will Drive the Adoption of Side View Camera System in Commercial Vehicles
9.6 Market Leaders

10 Side View Camera System Market, By Region
10.1 Introduction
10.2 Asia-Pacific
10.3 Europe
10.4 North America
10.5 Rest of the World (RoW)

11 Recommendations By the Publisher
11.1 Europe Will Be the Key Market for Automotive Side View Camera Systems
11.2 Multi-Camera System in Commercial Vehicles Can Be A Key Focus for Manufacturers
11.3 Conclusion

12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis
12.3 Competitive Leadership Mapping
12.3.1 Visionary Leaders
12.3.2 Innovators
12.3.3 Dynamic Differentiators
12.3.4 Emerging Companies
12.4 Strength of Product Portfolio
12.5 Business Strategy Excellence
12.6 Winners vs. Losers
12.7 Competitive Scenario
12.7.1 New Product Development
12.7.2 Acquisition
12.7.3 Expansion

13 Company Profiles
13.1 Valeo
13.2 Robert Bosch GmbH
13.3 Continental AG
13.4 Stoneridge Inc.
13.5 Magna International Inc.
13.6 Panasonic Corporation
13.7 Hyundai Mobis
13.8 Samsung Elctro-Mechanics
13.9 Mitsubishi Electric
13.10 Gentex Corporation
13.11 Samvardhana Motherson Group
13.12 Kyocera Corporation
13.13 Denso Corporation
13.14 Other Key Players
13.14.1 Asia-Pacific
13.14.1.1 Mcnex Co. Ltd.
13.14.1.2 Clarion
13.14.1.3 Murakami Corporation
13.14.1.4 Tokai Rika Co. Ltd.
13.14.1.5 Stonkam Co. Ltd.
13.14.1.6 Sl Corporation
13.14.2 Europe
13.14.2.1 Kappa Optronics GmbH
13.14.2.2 Brigade Electronics Group PLC
13.14.2.3 ZF Friedrichshafen AG
13.14.3 North America
13.14.3.1 Ambarella Inc.
13.14.3.2 Texas Instruments
13.14.3.3 Omnivision Technologies Inc.

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