Automotive side-view camera provides an overall view of vehicle surroundings. The system improves passenger-side visibility and offers the driver a 360-degree view of the surrounding area of the vehicle.
Rise in safety standards in vehicles across the globe is prompting vehicle manufacturers to integrate various components in their vehicles including side-view camera, which provides a clear picture of the vehicle surrounding, which is likely to propel the global automotive side-view camera system market. Rise in demand for advance drive assist system in vehicles is likely to boost the automotive side-view camera system market across the globe. Increase in number of small- and medium-scale industries across the globe who are involved in the development of automotive components is estimated to further fuel the automotive side-view camera system market across the globe.
Enactment of stringent regulations regarding safety standards in vehicles across the globe is anticipated to boost the automotive side-view camera system market. Rise in integration of infotainment systems in vehicles is likely to further propel the automotive side-view camera system market across the globe. Increase in adoption of advanced features in vehicles, including blind spot monitoring system, night vision camera system, traffic control system, and lane departure warning system is anticipated to propel the automotive side-view camera system market across the globe.
Europe & Asia Pacific to hold significant share of global automotive side-view camera system market
Europe is projected to account for a major share of the global automotive side-view camera system market due to a rise in the demand for safety and comfort features in vehicles across the region. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers, including Ficosa International SA, Valeo and Denso Corporation who have major facilities that undertake research & development on the safety features in vehicle, which is likely to propel the automotive side-view camera system market across the globe.
Followed by Europe, Asia Pacific is projected to hold a significant share of the global automotive side-view camera system market due to an increase in production of vehicles across the region. Rise in safety standards in vehicles across the region is prompting vehicle manufacturers to integrate side-view camera in their vehicles. Presence of major automotive parts manufacturing industries across China, India, and Japan is anticipated to propel the automotive side-view camera system market in Asia Pacific.
Key Players Operating in Automotive Side-view Camera System Market
The global automotive side-view camera system market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the automotive side-view camera system market are:
