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 like having an extra set of eyes inside your car! It's designed to keep tabs on what's happening within the vehicle. For commercial cars, think of a CMS as a helpful teammate alongside mirrors, parking sensors, and visual checks, all working together to make driving safer. Typically, a CMS includes a dashboard digital camera, an in-vehicle digital video recorder (or DVR), a network card, and a data storage setup that can be scaled to fit different needs. Of course, manufacturers might add their own special touches too. The main goal? To improve your view of blind spots and encourage safe driving habits. It's like having a video record for driving assistance and general monitoring. The system usually grabs footage from a camera pointing backwards and sends it to a special LCD screen built into the mirror. This gives the driver a clear, wide-angle view of what's behind the car. Learn more here!

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

Okay, so the market's broken down by what kind of vehicle it's forPassenger Cars and Commercial Vehicles. And guess what? Commercial vehicles are really taking the lead! We're seeing some serious growth in that area, and it's predicted to stay that way. Why? Well, people want these cameras for safety. Think about itcommercial trucks are way more likely to be in accidents because drivers get distracted or tired. It's worse than other commercial vehicles, like buses or tractors. So, companies are installing these cameras to keep an eye on drivers, spot when they're getting sleepy, and basically stop accidents from happening – making our highways much safer!

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 announced some cool tech they cooked up for the new Lexus LS's Advanced Drive system! We're talking about products like their new LiDAR, which helps the car "see" the shapes of vehicles and roads around it. There's also a fancy Locator Telescopic Camera that keeps an eye on what's ahead. To pinpoint exactly where the car is, they developed a Spatial Information Service Electronic Control Unit (SIS ECU). And to handle all the data flying around from these gadgets at lightning speed, they created an Advanced Drive System Electronic Control Unit (ADS ECU) and an Advanced Drive Extension Electronic Control Unit (ADX ECU). It's all about making driving safer and smoother!

• 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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Reasons to Purchase this Report

We'll dive deep into the market, looking at both the numbers and the softer stuff by breaking it down into different groups, considering things beyond just the economy. You'll get market value data (in USD Billion!) for every single slice and dice of the market. We'll point out which region and segment are poised for the biggest boom and which one's already the king of the hill. We'll also take a geographical tour, highlighting product/service usage and what's influencing the market in each area. Thinking about who's who? We've got a competitive landscape section with market rankings for the top players, plus the latest on new service/product drops, partnerships, expansions, and acquisitions from the last five years. You'll also get detailed company profiles, covering everything from company insights and product benchmarking to a full SWOT analysis for the major players. We'll give you a glimpse into both the present and future of the industry, spotlighting growth opportunities, drivers, challenges, and restraints in both up-and-coming and established markets. We'll even throw in an in-depth look through Porter's five forces analysis and give you insight into the market through the Value Chain. Finally, we'll present a market dynamics scenario with growth opportunities on the horizon, plus you get 6 months of post-sales analyst support.

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