The global side-view camera systems market size reached USD 2.4 Million in 2020 and is expected to register a revenue CAGR of 104.1% during the forecast period, according to latest analysis by Emergen Research.
side-view camera systems Market Increasing implementation of side view camera systems for Advanced Driver Assistance System (ADAS) and increasing usage of side view camera systems for reducing blind spots is projected to support market revenue growth between 2021 and 2028. In addition, increasing demand for luxury vehicles will continue to boost revenue growth of the market. Offer of more features in luxury car offerings and rising disposable income is boosting demand for luxury vehicles in the recent past
The latest report is the first study encompassing the current side-view camera systems market situation with respect to the COVID-19 outbreak. Since the advent of the outbreak, the global economic landscape has been grappling with adverse financial consequences. The report analyzes the drastic impact of the pandemic on this business sphere. The pandemic has affected nearly all segments of the side-view camera systems market. It has further hampered the developmental scope of various manufacturers and buyers engaged in this sector. Thus, the report studies the ’s shifting dynamics to scrutinize the profits earned or loss suffered by different segments.
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Some Key Highlights from the Report
- Multi-camera system segment revenue is expected to expand at a substantially rapid CAGR during the forecast period as multi-camera system creates a dynamic, animated 3D car model that gives the driver an impressive, detailed view of the vehicle's surroundings.
- Passenger vehicle segment is expected to register a significantly robust revenue growth rate over the forecast period due to rising demand for advanced technologies that increase driver as well as passenger safety.
- Europe side-view camera systems market is expected to register a considerably robust revenue growth rate over the over the forecast period due to robust presence of domestic and international market players offering side-view camera systems such as Continental AG, ZF Friedrichshafen AG, Robert Bosch GmbH, and Valeo SA among others in countries in the region.
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Major companies in the global market report include
Continental AG, Hyundai Mobis Co., Ltd., Valeo SA, Magna International Inc., Denso Corporation, Robert Bosch GmbH, Stoneridge, Inc., Samvardhana Motherson Group, ZF Friedrichshafen AG, and Gentex Corporation
The report offers insightful information about the market dynamics of the side-view camera systems market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the side-view camera systems market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the side-view camera systems market.
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Emergen Research has segmented global side-view camera systems on the basis of camera type, component, vehicle type, and region:
Camera Type Outlook (Revenue, USD Million; 2018–2028)
- Single-camera System
- Multi-camera System
Component Outlook (Revenue, USD Million; 2018–2028)
- Electronic Control Unit (ECU)
Vehicle Type Outlook (Revenue, USD Million; 2018–2028)
- Commercial Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
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Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Rest of LATAM
- Saudi Arabia
- South Africa
- Rest of MEA
Radical Highlights of the side-view camera systems Market Report:
- Comprehensive overview of the side-view camera systems market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and RD advancements on the side-view camera systems market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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About Us: Emergen Research
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