Automotive Camera Monitoring System Market Size

The global automotive camera monitoring system market size was valued at USD 1.5 billion in 2024 and is projected to grow at a CAGR of 6.9% between 2025 and 2034. The automotive industry is experiencing a rapid expansion of ADAS, which includes systems such as automatic braking, lane-keeping assist, and adaptive cruise control. CMS systems are central to several ADAS functions, such as blind-spot detection, collision avoidance, and lane-departure warning. For instance, in October 2024, CDTA buses in New York were equipped with Gauzy Ltd.'s Smart-Vision camera monitor system (CMS), fully replacing traditional side mirrors.

This installation is part of CDTA's ongoing efforts to enhance road safety through improved visibility and reduced blind spots. The Smart-Vision CMS eliminates mirrors by using a compact aerodynamic camera design and ergonomic interior displays, providing better awareness of surroundings while reducing fuel consumption and driver fatigue. The system adapts automatically to varying light conditions, ensuring optimal visibility and reducing collision risks.

Governments worldwide are introducing stringent regulations aimed at improving road safety. European Union's regulations require new vehicles to be equipped with advanced safety features like camera-based monitoring systems. These regulations are pushing automotive manufacturers to adopt CMS in both the OEM and aftermarket segments. Similarly, in the U.S., regulatory bodies such as the National Highway Traffic Safety Administration (NHTSA) are considering policy changes that would allow for camera-based monitoring systems to replace traditional mirrors in commercial and passenger vehicles. As regulatory standards evolve, automakers must comply by implementing CMS solutions, driving the growth of the market.

Automotive Camera Monitoring System Market Trends

The automotive Camera Monitoring System industry is evolving with significant technological advancements. One of the key trends driving this growth is the integration of Advanced Driver Assistance Systems (ADAS), which enhances vehicle safety and performance. Automakers are increasingly adopting camera-based monitoring systems to replace traditional mirrors, improving aerodynamics and reducing blind spots. Additionally, camera sensor technologies such as high-definition imaging, night vision, and 360-degree camera systems are becoming more sophisticated, further enhancing the reliability and functionality of CMS solutions.

Another trend is the rising demand for autonomous driving technologies. As autonomous vehicles progress, camera monitoring systems are critical for providing real-time visibility and monitoring the vehicle's surroundings. These systems are integral in ensuring safety by offering enhanced visibility, especially in complex driving environments. As a result, manufacturers are focusing on developing innovative CMS solutions that contribute to safer driving experiences and facilitate the move towards greater vehicle automation.

High initial costs and consumer resistance to new technology are significant challenges for the automotive CMS market. The upfront expenses associated with integrating advanced camera systems, sensors, and supporting infrastructure can deter automakers and consumers from adopting these technologies, particularly in price-sensitive segments. Additionally, there is often resistance from consumers who are accustomed to traditional mirror-based systems and may perceive new technologies as unnecessary or complex. Overcoming these barriers requires demonstrating the long-term benefits of enhanced safety, improved fuel efficiency, and better driving experiences, as well as reducing costs through mass production and technological advancements.

Automotive Camera Monitoring System Market Analysis

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Based on technology, the automotive CMS industry is segmented into wired and wireless systems. In 2024, the wired CMS segment dominates with a market share of over 55%. This is primarily due to the reliability and stability of wired systems, which are preferred for safety-critical applications in commercial vehicles.

Wired systems offer consistent data transmission with minimal risk of interference, making them ideal for situations where real-time video feeds are crucial, such as in trucks and heavy-duty vehicles. As stricter safety regulations are implemented globally, the demand for wired CMS is expected to remain strong, especially in regions with heavy enforcement of vehicle safety standards.

The wireless CMS segment is gaining significant traction and is expected to grow rapidly in the coming years. Wireless systems are favored for their ease of installation and flexibility, especially in consumer vehicles and aftermarket installations. These systems help enhance vehicle aesthetics by eliminating the need for wiring and offer a cleaner design. Additionally, wireless CMS plays a pivotal role in advancing connected vehicle technologies, such as autonomous driving and vehicle-to-vehicle communication. The increasing demand for tech-enabled and connected vehicles is expected to further drive the adoption of wireless CMS, particularly in passenger vehicles and retrofit markets.

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Based on the distribution channel, the automotive camera monitoring system market is divided into OEMs and Aftermarket segments. The OEM segment holds 72.7% share of the market in 2024. This dominance is driven by the increasing adoption of advanced driver-assistance systems (ADAS) in newly manufactured vehicles, as automakers are integrating CMS technology as part of their safety and performance features.

OEMs benefit from the growing demand for electric and autonomous vehicles, where camera monitoring systems play a critical role in enhancing vehicle safety and performance. Additionally, automakers are responding to stringent regulatory requirements for safety features, which has further accelerated the incorporation of CMS into standard vehicle offerings.

The Aftermarket segment is gaining traction as well, driven by the growing demand for vehicle upgrades and the increasing popularity of retrofit solutions for older models. Consumers are opting for CMS to enhance safety, improve driving experience, and comply with evolving safety regulations, making it a viable option for both personal and commercial vehicle owners.

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The U.S. automotive camera monitoring systems market is projected to reach about 700 million by 2034, primarily driven by stringent safety regulations and a strong regulatory push for advanced driver-assistance systems (ADAS). OEMs are integrating CMS to comply with safety standards, while growing consumer preference for vehicles equipped with cutting-edge safety technologies further fuels market expansion.

The Asia-Pacific region is experiencing high growth rate driven by rapid technological advancements, increasing vehicle production, and the expanding adoption of electric vehicles (EVs). APAC is home to some of the largest automotive manufacturers, and the region’s strong automotive sector is accelerating the demand for CMS.

Europe continues to be a significant player in the automotive camera monitoring system market, due to stringent safety regulations and a growing focus on road safety technologies. Regulatory frameworks in Europe require the integration of advanced safety systems, including CMS, into new vehicles. With the region's growing commitment to sustainability and the adoption of electric vehicles, the demand for CMS solutions is expected to remain strong, especially among OEMs seeking to meet safety and environmental standards.

Automotive Camera Monitoring System Market Share

Bosch, Valeo SA, Gentex, Continental, Mitsubishi, Denso and Aptiv held a significant market share of 37.2% in automotive CMS industry in 2024, driven by their advanced technological capabilities, extensive partnerships with leading automakers, and comprehensive product offerings. These companies have developed state-of-the-art CMS solutions that cater to the rising demand for safety, visibility, and performance in modern vehicles. Their strong relationships with major automotive OEMs position them as pivotal suppliers in the evolving landscape of vehicle safety and driver assistance systems.

By leveraging their expertise in advanced imaging, display technologies, and control modules, these companies are delivering innovative solutions tailored to meet the stringent safety and regulatory standards of the global market. Their collaborations with automakers enable them to address key challenges, such as enhancing visibility in various driving conditions and integrating CMS into ADAS and autonomous systems. As the industry shifts towards advanced safety technologies, their ability to deliver scalable and adaptable CMS solutions solidifies their role as indispensable contributors to the transformation of the automotive sector.

Automotive Camera Monitoring System Market Companies

Major players operating in the automotive camera monitoring system industry are:

• Aptiv
• Bosch
• Continental
• Denso
• Gentex
• Hyundai Mobis
• Magna
• Mitsubishi Electric
• Panasonic
• Valeo
  

Automotive Camera Monitoring System Industry News

• In July 2024, the FMCSA granted Convoy Technologies a five-year exemption to use its Electronic Rear View System (ERVS) camera monitor system in place of traditional side mirrors on trucks. The system, consisting of six cameras, provides improved visibility and eliminates blind spots, exceeding required field-of-view standards.
  
• In February 2024, Stoneridge, Inc. announced the renewal of its FMCSA exemption for the MirrorEye Camera Monitor System (CMS) for another five years. The exemption, originally granted in 2019, allows owners of MirrorEye-equipped trucks to remove the conventional rear-view mirrors and operate with an integrated system of cameras and digital displays. The system offers enhanced visibility, safety benefits, and a 2-3% fuel savings for commercial vehicles.
  

The automotive camera monitoring system (CMS) market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($Mn) and shipments (Units) from 2021 to 2034, for the following segments:

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Market, By Technology

• Wireless
  • Wi-Fi
  • Bluetooth
  • Cellular
• Wired
  • Coaxial
  • Ethernet
  • Fiber optic

Market, By Vehicle

• Passenger vehicles
  • Hatchback
  • Sedan
  • SUVs
• Commercial vehicles
  • Light Commercial Vehicles (LCV)
  • Heavy Commercial Vehicles (HCV)

Market, By Distribution Channel

• OEM
• Aftermarket

Market, By Camera

• Digital
• Analog
• Infrared (IR)
• Stereo
• 360-Degree

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa