Automotive Camera Monitoring System CMS Market

Automotive Camera Monitoring System Market Size

The Automotive Camera Monitoring System market 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 correctly emphasizing the rapid growth of ADAS development, which incorporates automatic braking, automatic lane-keeping assist, and adaptive cruise control systems. CMS systems are key for many ADAS functionalities such as blind-spot monitoring, collision mitigation, and lane-departure warning.

For instance, Gauzy Ltd’s Smart-Vision camera monitor system (CMS) was installed on the CDTA buses in New York in October 2024, eliminating the necessity for traditional side mirrors. This is part of the CDTA’s ongoing initiative to improve road safety by increasing visibility and reducing blind spots. The Smart-Vision CMS eliminates mirrors and replaces them with compact, aerodynamic cameras that attach to a vehicle and interior display screens for the driver. This increases awareness of the surroundings while decreasing fuel consumption and driver tiredness. The system adjusts to wide ranges of ambient light levels to prevent collisions.

Government all over the world are working to improve road safety by adopting new policies, and one such policy from the European Union suggests that every new car needs to have cameras in them. This has served as an incentive to start putting in place CMS systems, which have affected both the OEM as well as the aftermarket business. Similarly, interstate regulatory bodies such as NHTSA in the US are also looking into legislation changes that would permit the use of cameras in place of mirrors in both commercial and passenger cars. With the change in the regulatory framework, the preference of car manufacturers has to adjust to compliance, and the CMS solutions continue to grow to satisfy the demand in this segment.

Automotive Camera Monitoring System Market Trends

Considerable technological innovations are underpinning the growth of the automotive CMS industry. Among the factors contributing to this growth is the replacement of conventional side-view mirrors with vehicle monitoring cameras and adjusting rear-view displays with ADAS. This vehicle performs better and is safer. CAM Systems are increasingly being incorporated by automobile manufacturers to replace conventional side mirrors as they increase the vehicle’s aerodynamic ability and significantly reduce blind areas. Moreover, high-definition imaging, night vision, and 360-degree camera systems that come with camera sensors advance rapidly. Thus, such CMS solutions become stronger in reliability and functions.

An additional growing trend is the increase in demand for autonomous driving technologies. In line with the evolution of such vehicles, camera monitoring systems are essential in ensuring that the vehicle’s vicinity is constantly monitored for safety purposes. These systems are integral in ensuring safety by offering enhanced visibility, especially in complex driving environments. Because of this, manufacturers are directing their efforts toward developing novel CMS solutions that ensure the safety of the occupants while at the same time aiding in the advancement of vehicle automation.

A major inquiry mark within the automotive CMS market is related to their high capital requirements as well as the resistance of consumers to adopt new technologies. The high barriers to entry involved when purchasing advanced camera systems, sensors, and the necessary infrastructure make it even harder for car manufacturers as well as consumers to purchase in, especially in the low-end segments.

In addition, there is frequently a pathology: consumers get used to mirror-based systems and consider new technologies as unnecessary or just too complicated. In general, to overcome these barriers, it is necessary to present the advantages of improved safety, lower fuel consumption, and better user experience caused by more advanced technologies while achieving lower costs by mass production and advances in technologies.

Automotive Camera Monitoring System Market Analysis

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Based on technology, the automotive camera monitoring system market is segmented into wired and wireless systems. In 2024, the wired CMS segment dominates with a market share of over 55%.

• The growth of segment is mainly attributed to the stability and reliability of wired systems, which are encountered in safety-critical applications such as commercial vehicles. Interference-free data links are a good fit for real-time videos in situations, including trucks and heavy-duty car transmissions, where interference-free data links are a good fit.
  
• The global demand for wired systems remains strong with the implementation of the more rigorous vehicle safety standard regulations, especially in those areas where strict enforcement of these regulations is practiced.
  
• The wireless CMS segment is gaining serious traction, and the estimates suggest that they will continue to grow at a rapid pace in the future. In particular, wireless systems are put in the installation due to the low complexity of installing them within the consumer vehicles as well as for aftermarket use. These systems complement the vehicle design by removing electrical wiring from blocks and therefore provide a much more sophisticated appearance.
  
• Also, wireless CMS is essential to the further development of connected vehicle technologies, such as self-driving cars and vehicle-to-vehicle communications. The growing interest in technologically advanced and web-enabled automobiles is projected to further drive the demand for wireless CMS in the passenger cars as well as retrofitting industries.

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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 trend is incredibly aided by the rise in the shift towards advanced driver assistance systems (ADAS) in the new vehicles as CMS technology is being embedded within the newly built vehicles. The current electric and autonomous vehicles craze also provides OEMs with a new market, its goal largely is there for camera monitoring systems that would assist in securing and even enhancing the car’s system.
  
• Furthermore, the response from the automakers to the latest regulatory pressures for more aggressive basic safety features has assisted in the trend towards CMS systems becoming included within standard vehicles.
  
• The aftermarket segment is, on the other hand, benefiting from a higher need for upgrading vehicle systems and increasing retrofitting appeal for older vehicles. Safety compliance, improvement in the driving experience, enhanced systems and technology, and new safety regulations are some of the reasons why modern vehicle owners, including commercial ones, are purchasing CMS systems.

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In 2024, U.S. accounted for a substantial automotive camera monitoring system market share in North America and is projected to reach around 700 million by 2034.

• The market in North America for the automotive camera monitoring system is projected to maintain the largest market share by 2034 owing to high vehicle safety & talk regulatory standards set in place for improving driver assistance systems.
  
• Baked-in safety norms, OEMs are fitting vehicles with CMS while they help satiate the modern man’s desire for vehicles using the latest and greatest safety features, which in turn drives market growth.
• Increased production innovations, high demand for electric vehicles, and technology proliferation are the key factors influencing growth in the Asia-Pacific region. The APAC region comprises the top automotive manufacturers globally, hence spurring the growth in CMS, courtesy of the automotive industry.
  
• Owing to tough safety regulations and heightened interest in road safety systems in Europe, the automotive CMS market for automotive camera monitoring system products continues to grow. In Europe, regulations mandate the deployment of various systems such as CMS in new cars. But with heightened efforts to adopt electric vehicles in the region, the market is expected to remain a strong one for CMS in OEM spaces where safety and eco-friendliness drive adoption.
  

Automotive Camera Monitoring System Market Share

Bosch and Valeo hold around 10% market in the automotive camera monitoring system (CMS) industry in 2024.

• Bosch is one of the leading companies in the market and it is leveraging its leading sensor and AI capabilities to create intelligent and advanced camera system to operate in real time with high resolution to make ADAS and self-driving vehicles more secure and feature rich.
  
• As part of company’s growth strategy, Bosch builds partnerships with automobile manufacturers for the integration of CMS in next generation vehicles and intends to explore edge computing technologies to provide better and cost-effective solutions to the mass market.
  
• Valeo is particularly focused on vehicle safety by introducing a new multi-camera approach to assist drivers through a 360-degree vision enhancement of the car systems.
  
• Its strategy comprises complementing its assortment with economically friendly and compact cameras, collaborating with ODMs to offer customized solutions, and searching for the emerging categories of electric and autonomous vehicles to comply with more stringent safety standards.
  

Automotive Camera Monitoring System Market Companies

Major players operating in the Automotive Camera Monitoring System (CMS) industry are:

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

The shifting international and regional trends compete with each other to increase the demand for advanced driver assistance systems (ADAS), which, in turn, suggests that there is a growing demand for automotive camera monitoring systems. The large international players are investing heavily to acquire other companies and form partnerships to expand their market reach while constantly enhancing their offerings, investing in high-definition imaging, AI-based object detection, and live processing of data.

There is a growing trend for generating safe vehicles in a compliant manner as well as in an environmentally friendly manner, which means that regional producers are more dedicated to creating new technology and growing their R&D capabilities. This will accelerate the trend toward greater concentration in the market, with merger and acquisition activities allowing smaller companies to scale up and compete effectively and thus promote CMS industry innovation and efficiency.

Automotive Camera Monitoring System Industry News

• In July 2024, the FMCSA allows Convoy Technologies a 5-year period of exemption that allows the company to use its Electronic Rear View System camera monitor system as a replacement for traditional side mirrors on trucks. This system consists of 6 cameras that can increase visibility and reduce blind spots, which also exceeds the required standards of field of view.
  
• Stoneridge, Inc., in February 2024, announced to extend its FMCSA exemption for MirrorEye camera monitor for five more years in a renewed deal with Stoneridge. This exclusion was initially issued in 2019, permitting owners of trucks that have the MirrorEye device installed to do away with conventional rear-view mirrors and utilize a system that integrates cameras and digital displays instead. Such a system provides increased visibility and safety as well as lower fuel consumption by 2-3% in commercials.
  

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