Home > Automotive > Automotive Technology > ADAS > Side View Camera System Market

Side View Camera System Market Size

Report ID: GMI5059
Published Date: May 2021
Report Format: PDF

Download Free Sample

Side View Camera System Market Size

Side View Camera System Market size exceeded USD 75 million in 2020 and is expected to grow at a CAGR of over 25% CAGR from 2021 to 2027. The global industry shipments are anticipated to be around 2 million by 2027.

Side View Camera System Market Overview

To get key market trends

Download Free Sample

A side view camera shows an expanded view of a lane beside the driver while using a turn signal, or when the driver activates the feature manually. The cameras are fixed to the side mirrors to provide the right and left view of the vehicle, enabling the driver to maneuver efficiently through a narrow road or while parking the car.

The increasing demand for automotive solutions that ensure improved driver and passenger safety will boost the side view camera system market growth. The side view camera forms a crucial aspect of Advanced Driver Assistance Systems (ADAS) technology, by enabling a complete view of the 360-degree surroundings of the vehicle. Illustrations of ADAS applications that employ surround-view cameras include parking assist, lane departure, pedestrian detection, blind side detection, and adaptive cruise control. The side view camera offers integrated view of a vehicle’s surroundings, thereby improving occupant safety and enabling autonomous driving even when the driver’s view is obstructed due to harsh weather conditions.

In 2020, the coronavirus (COVID-19) pandemic hampered the side view camera system market expansion. The industry witnessed a downfall in 2020 attributed to the stringent lockdowns imposed by government organizations, resulting in the temporary closure of manufacturing and R&D facilities. The downfall of the automotive industry owing to the decline in the demand attributed to economic instability, in turn resulting in a low demand for side view camera technologies. The improving economic conditions in 2021, following the relaxation in lockdown measures will however help the industry gain traction by the end of 2021. The reopening of production facilities will foster the automotive industry globally, in turn supporting the demand for side view cameras.

Side View Camera System Market Report Attributes
Report Attribute	Details
Base Year:	2020
Side View Camera System Market Size in 2020:	over 75 Million
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	25%
2027 Value Projection:	around USD 300 million
Historical Data for:	2017 to 2020
No. of Pages:	250
Tables, Charts & Figures:	189
Segments covered:	Type, Application, Region
Growth Drivers:	Rise in the number of road accidents globally Government organizations supporting side view camera implementations in the North America and Europe The robust ADAS industry in Europe Rising car ownership rates in Asia Pacific Growing adoption of driver assistance systems in luxury cars
Pitfalls & Challenges:	High cost of implementation restricting the adoption in underdeveloped and developing economies System failure resulting in inconvenience

Learn more about the key segments shaping this market

Download Free Sample

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The side view camera system industry size had reached more than USD 75 million in 2020 and will expand at a CAGR of nearly 25% up to 2027 driven by higher demand for solutions to offer improved driver and passenger safety.

The multi side view camera system industry share in the U.S. region is anticipated to hit a 26% CAGR through 2027 owing to the expanding passenger car sector in the country.

The regional side view camera system industry share from passenger cars is slated to expand at a 30% CAGR up to 2027 due to the presence of renowned manufacturers and the surge in R&D investments for ADAS systems.

Asia Pacific accounted for over 25% of the side view camera system market share in 2020 and will witness commendable expansion with the proliferating electronics sector across countries such as Japan, China, and Taiwan.