Global Side View Camera System Market

Side View Camera System Market Size, Share, Growth Analysis, By By Type(Single camera, Multi camera), By By Application(Passenger, Commercial), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45I2131 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 61 | Figures: 80

Side View Camera System Market Insights

Side View Camera System Market size was valued at USD 3.62 Billion in 2023 and is poised to grow from USD 4.26 Billion in 2024 to USD 15.68 Billion by 2032, growing at a CAGR of 17.7% during the forecast period (2025-2032).

In recent years, driven by automotive technology advancements, changing consumer preferences, and increasing safety concerns, the global side view camera system market has witnessed substantial growth. This system, which typically consists of cameras set on both sides of vehicles so that drivers are aware of blind spots, has become vital in modern vehicles.

The need to reduce accidents due to blind spots and the focus on driver and passenger safety has driven this market. Side view camera systems enable safer and easier parking maneuvers and lane changes as they enhance driver visibility. Regulatory bodies worldwide have started to make the inclusion of such systems in new vehicles mandatory, boosting market growth.

The increasing adoption of side view camera systems is driven by the rise of electric and autonomous vehicles. These vehicles are often integrated with advanced driver-assistance systems (ADAS), thus requiring HD cameras for obstacle detection, navigation, and enhanced situational awareness.

Consumers are prioritizing safety, advanced technology, convenience, and comfort in their vehicles. Side view camera systems offer a variety of benefits including, but not limited to, curb view, parking assistance, and 360-degree surround view, thus enhancing overall driving experience.

The market is marked by fierce competition, with a number of major participants vying to supply cutting-edge and reasonably priced solutions, including automakers and technology suppliers. System providers can benefit from the noticeable trend of integration with other car systems, like infotainment and navigation.

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FAQs

Side View Camera System Market size was valued at USD 3.07 billion in 2022 and is poised to grow from USD 3.62 billion in 2023 to USD 13.32 billion by 2031, growing at a CAGR of 17.7% in the forecast period (2024-2031).

The side view camera system market is defined by a quickly changing landscape and fierce competition among major automotive technology companies and manufacturers. Some prominent companies dominating the market are Continental AG, Panasonic Corporation, Robert Bosch GmbH, Magna International Inc., Valeo SA, and Aptiv PLC. 'Ambarella, Inc. (United States)', 'Denso Corporation (Japan)', 'Mobileye N.V. (Israel)', 'Texas Instruments Incorporated (United States)', 'Panasonic Corporation (Japan)', 'Continental AG (Germany)', 'Stoneridge, Inc. (United States)', 'Aptiv PLC (Ireland)', 'Gentex Corporation (United States)', 'Robert Bosch GmbH (Germany)', 'ZF Friedrichshafen AG (Germany)', 'Valeo SA (France)', 'Autoliv Inc. (Sweden)', 'WABCO Holdings Inc. (Belgium)', 'Magna International Inc. (Canada)', 'Mekra Lang GmbH & Co. KG (Germany)', 'Murakami Corporation (Japan)', 'Clarion Co., Ltd. (Japan))', 'Seeing Machines (Australia)', 'Ficosa International S.A. (Spain)', 'Leopold Kostal GmbH & Co. KG (Germany)', 'SL Corporation (South Korea)', 'Renesas Electronics Corporation (Japan)', 'Hyundai Mobis Co., Ltd. (South Korea', 'Samvardhana Motherson Automotive Systems Group (India)'

The interest in ADAS has driven the demand for side view camera systems. These technologies are loaded with features like detection of blind spots, warning if a vehicle changes lanes without meaning to, and assistance in parking. Side view cameras can give access to video feeds in real-time. This is useful in a number of tasks. These include collision prevention, parking, and safe lane changing. As automobile producers integrate ADAS more often in their products, the demand for side view camera systems will keep rising.

Transition to Electric and Autonomous Vehicles: The side view camera system market is being heavily influenced by a key market trend. That is the speedy shift to autonomous and electric vehicles. EVs and driverless vehicles often employ advanced sensors and camera systems. These technologies add bonus features to these cars to guarantee optimal performance. These include self-parking and parking assistance. The increasing need for side view camera systems is mirrored in the rising adoption of these vehicles.

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.  

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Global Side View Camera System Market

Report ID: SQMIG45I2131

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