Report ID: SQMIG45I2131
Report ID:
SQMIG45I2131 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
80
The market for side view camera systems has normally been led by North America. The region’s top position is owed for several reasons. North America’s strict safety standards have led to a growing need for ADAS like side view camera systems. The heightened integration of advanced automotive safety technologies in vehicles across the US and Canada have also contributed to this region’s dominance. This region is also home for several technology companies that specialize in ADAS. This and the region’s thriving automobile industry has cemented its place at no.1 in the market.
Though North America’s prominence in the market can not be denied, the APAC legion is witnessing speedy expansion. Nations like China, South Korea, and Japan have placed the region as the fastest-growing market regions. The automotive sector in the APAC region is thriving, and has resulted in a heightened need for ADAS like side view camera systems. Additionally, the region is worried about road safety in the midst of high traffic rates, fueling the demand of the market. Even the region’s governments are supporting the mandatory adoption of safety features in automobiles, driving the adoption of side view camera systems. The APAC region has also seen a rising need for these devices in passenger and commercial vehicles. Resulting from the culmination of these factors, the Asia-Pacific region has experienced explosive growth.
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Report ID: SQMIG45I2131