Global Automotive Rear View Camera Market Size By Product (Plug-In Car Camera, Embedded Car Camera, Car Dedicated Camera), By Application (Commercial Vehicle and Passenger Vehicle), By Geographic Scope And Forecast

Automotive Rear View Camera Market Size And Forecast

Automotive Rear View Camera Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e., 2022 to 2030.

The Global Automotive Rear View Camera Market has witnessed strong growth owing to the increasing measures for safe driving, road traffic death rates, and penetration of camera-based convenience features in luxury vehicles, among others. The Global Automotive Rear View Camera Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Automotive Rear View Camera Market Definition

A backup camera or reversing camera is another name for a rear view camera. A few years ago, a rear view camera was considered a luxury; now, it is considered a critical tool. Accidents are thought to be avoided with the use of rear view cameras.

Accidents can be avoided by using an automotive rear view camera to establish the back blind spot. Due to linked mishaps, the area directly behind vehicles is known as a “death zone,” and a rear camera is employed to avoid such accidents. Automotive rear view cameras are usually mounted on the vehicle’s head unit display and are constructed so that the image output is horizontally flipped, resulting in a mirror image of the object.

The purpose of an automotive rear view camera is to prevent a backup collision and aid the driver in safely reversing the car. It’s linked to a display panel that comes on automatically when the car is in reverse gear and displays real-time footage of the area behind it.

Global Automotive Rear View Camera Market Overview

Did you know that the World Health Organization says road accidents are the number one killer of young adults, ages 15 to 29? We're talking about a staggering 1.25 million lives lost each year due to crashes, including those that happen when backing up! And here's another shocker90% of these deaths happen in lower-income countries, even though they only own about 54% of the world's vehicles. Plus, these accidents hit countries hard in the wallet, costing them around 3% of their gross domestic product (GDP). All this is why there's a growing need for cars with backup cameras – they can really help keep the vehicle, driver, and passengers safe when reversing!

According to US law, starting in May 2018, all new automobiles sold in the US must have a rearview camera. Rear-View Cameras will be required in 2021, according to the EU Commission. In the next years, this will fuel demand for automobile rearview cameras.

Global Automotive Rear View Camera MarketSegmentation Analysis

The Global Automotive Rear View Camera Market is segmented based on Product, Application, and Geography.

Automotive Rear View Camera Market, By Product

• Plug-In Car Camera• Embedded Car Camera• Car Dedicated Camera

Based on Product, the market is further segmented into Plug-In Car Camera, Embedded Car Camera, Car Dedicated Camera. In 2020, the Plug-In Car Camera segment has dominated the market accounting for the largest market share. The Plug-In Car Cameras can be installed on any flat surface and are commonly climbed high up. They are typically used in larger vehicles. The Embedded Car Camera is mounted on the existing license plate hole.

Automotive Rear View Camera Market, By Application

• Commercial Vehicle• Passenger Vehicle

Based on Application, the market is segmented into Commercial Vehicle and Passenger Vehicle. In 2020, the Passenger Vehicle segment has dominated the market accounting for the largest market share. Increased passenger car production around the world, as well as evolving technology that has already become standard in many vehicles, are projected to reduce the amount of injuries and fatalities caused by so-called back over crashes in passenger vehicles.

Automotive Rear View Camera Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

Based on regional analysis, the Global Automotive Rear View Camera Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is the leading region in the Global Automotive Rear View Camera Market due to big presence of key players in the region. North American safety policies are evolving and adapting quickly to new technologies, making it a strong contender for expansion in the United States and Canada.

Key Players

The “Global Automotive Rear View Camera Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Delphi, Valeo, Magna, Bosch, SMR Automotive, Hella, Clarion, Alpine, Mitsubishi Electric, Panasonic, amongst others are a few major companies operating in the Automotive Rear View Camera Market. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In September- 2021, With Hycan Automobile Technology, Robert Bosch (China) Investment Ltd. (Bosch China) developed an automated valet parking system. Hycan Z03 will be equipped with this technology.

• In October- 2021, Continental created an integrated interior sensor technology system that meets future safety criteria while also improving vehicle comfort.

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