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.