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

According to the World Health Organization, road traffic injuries are the biggest cause of death among persons aged 15 to 29 years old, with 1.25 billion people dying each year as a result of road accidents, which include reversal accidents. In addition, 90 percent of road fatalities occur in poor and middle-income nations, despite the fact that these countries own 54 percent of the world’s vehicles. Furthermore, road traffic accidents cost most countries 3% of their gross domestic product (GDP). As a result of these considerations, there is a higher demand for vehicles with backup cameras for the safety and security of the vehicle, driver, and passengers when reversing the vehicle.

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.

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any  please connect with our sales team, who will ensure that your requirements are met.