Global Automotive Camera Monitoring System (CMS) System Market Size By Type (Wireless Camera Monitoring System and Wired Camera Monitoring System), By Application (Passenger Cars, and Commercial Vehicles), By Geographic Scope And Forecast

Automotive Camera Monitoring System (CMS) Market Size And Forecast

Automotive Camera Monitoring System (CMS) System Market size was valued at USD 3.5 Billion in 2024 and is projected to reach USD 8.7 Billion by 2031, growing at a CAGR of 13% during the forecast period 2024-2031.

The increasing demand for cameras for security and safety is the major driving factor for the market growth. In addition, the growing demand for reducing road accidents due to driver distraction is the other factor that further propels the market growth. The Global Automotive Camera Monitoring System (CMS) System 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 Camera Monitoring System (CMS) Market Definition

An automotive Camera Monitoring System (CMS) is a system that helps in monitoring the interior of the vehicles. A camera monitoring system for commercial cars is used along with mirrors, parking assistance devices, and visual confirmation for secure car operation. CMS normally includes a dashboard digital camera, in-vehicle digital video recorder or DVR, network card, data storage service tier according to needs, and other components as required by distinct manufacturers. The important function of this system is to enhance blind spot viewing and promote secure driving. It is used to provide video footage for driving assistance and monitoring purposes. The system captures video from a rearward-facing camera and streams it to a unique mirror-integrated LCD that provides the driver with an unobstructed, panoramic view at the back of the car.

Camera monitoring systems (CMS) were integrated into automobiles in the shape of 360° and bird’s eye view displays, rear-view camera systems have become preferred devices for most automobile manufacturers, and yet, conventional exterior rear-view mirrors still have not been replaced with CMS. This additionally offers the possibility of changing traditional exterior mirrors with appropriate CMS and thereby enforcing new design concepts with aerodynamic advantages.

Global Automotive Camera Monitoring System (CMS) Market Overview

Automotive cameras are an essential component of driver assistance technology that assists protect drivers in case of injuries or keeping away from collisions with different objects on the street consisting as pedestrians, animals, cyclists, etc. As the cameras integrated into the car can provide blind spot detection, drowsiness detection is anticipated to significantly reduce road accidents. Thus, the market is developing because of the increased demand for cars that are equipped with cameras for the safety & security of the car, driver, and passengers.

In addition, the implementation of stringent street safety rules by the authorities is expected to boost the marketplace growth. In addition, several laws have taken the initiative of mandating the setup of cameras in cars for protection purposes. For instance, according to the New Car Assessment Programs (NCAP) policy, cars need to have protection ratings to encourage significant safety improvements in new vehicle designs. In addition, New Road Safety Act in Malaysia mandates that a rear-facing video camera be fitted to all public buses and heavy goods vehicles.

However, the installation cost of cameras is considerably high. In addition, modern technology including advanced driver assistance systems requires cameras for several applications including lane detection systems, blind-spot detection, lane departure systems, and others, that are expensive. Hence, the high cost of the cameras is expected to significantly impede the marketplace growth.

Global Automotive Camera Monitoring System (CMS) MarketSegmentation Analysis

The Global Automotive Camera Monitoring System (CMS) Market is segmented based on Type, Application, and Geography.

Automotive Camera Monitoring System (CMS) Market, By Type

• Wireless Camera Monitoring System• Wired Camera Monitoring System

Based on Type, the market is segmented into Wireless Camera Monitoring System and Wired Camera Monitoring System. The Wireless Camera monitoring system is expected to witness the highest CAGR for the forecast period. The major advantage of wireless surveillance cameras is that they supply uninterrupted video footage in real-time even if cars move through remote areas or places with bad network connectivity. In addition, this solution offers excellent features like face detection, auto-zoom function, etc. Thus, the above-mentioned features of the products are the primary factor that helps in propelling the segment growth.

Automotive Camera Monitoring System (CMS) Market, By Application

• Passenger Cars• Commercial Vehicles

On the basis of Application, the market is segmented into Passenger Cars and Commercial Vehicles. Commercial vehicles segment is witnessing the highest market share with strong market growth during the forecast period in the global market. Increasing demand for the camera for protection purposes is the key factor that drives the market segment. For instance, commercial trucks face greater risk from accidents because of driver distraction or fatigue whilst as compared to other varieties of commercial vehicles like buses, tractors, etc., Thus, cameras are installed in these vehicles to monitor driver habits, identify fatigue and prevent accidents to enhance protection on highways.

Automotive Camera Monitoring System (CMS) Market, By Geography

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

On the basis of regional analysis, the Global Automotive Camera Monitoring System (CMS) Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The North American region is anticipated to lead the Global Automotive Camera Monitoring System (CMS) Market during the forecast period. This may be attributed to the growing consumer awareness about their advantages as well as government law and regulations associated with improved safety measures which include coincidence records.

Key Players

The “Global Automotive Camera Monitoring System (CMS) Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Denso, Gentex, Ichikoh Industries, JVC Kenwood, Murakami, Panasonic Automotive & Industrial Systems, Panasonic, Tokai Rika, and Valeo. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In April 2021, DENSO Corporation today announced it has developed products for Advanced Drive, an advanced driver assistance technology featured on the new Lexus LS. DENSO’s newly developed products used in Advanced Drive include LiDAR for detecting the shapes of surrounding vehicles and roads; a Locator Telescopic Camera for detecting the environment ahead of the vehicle; an Spatial Information Service Electronic Control Unit (SIS ECU) for accurately identifying the position of the vehicle itself; and an Advanced Drive System Electronic Control Unit (ADS ECU) and Advanced Drive Extension Electronic Control Unit (ADX ECU) for high-speed processing of information delivered these products.

• In December 2020, JVCKENWOOD Corporation is pleased to announce that it has developed a new in-vehicle FIR camera system that enables distant video shooting and image recognition at night regardless of the existence of light sources by the leveraging video technology it has cultivated.

Report Scope

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• 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

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