According to the recent research report titled ‘Side View Camera System Market Size By Type (Single Camera, Multi-Camera), By Application (Passenger, Commercial), COVID-19 Impact Analysis, Regional Outlook, Price Trend Analysis, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global side view camera system market size is expected to grow considerably over 2021-2027.
 

Global side view camera system market growth is primarily driven by rising car ownership rate, growing adoption of ADAS (advanced driver assistance systems), and escalating requirement for multi-camera systems.
 

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Notably, side view cameras offer an extended view of a nearby lane to the drivers when they use the turn signal or manually activate the feature. This feature mimics the blind spot monitors in terms of functionality.
 

A side-view mirror can only reveal a fraction of what a camera can owing to various limitations. Several leading car manufactures, such as Audi, have manufactured vehicles with side-view cameras as an option. These systems show a video stream on the infotainment system screen, or on the speedometer screen in front of the driver occasionally.
 

Considering challenges, hefty implementation cost restraining the product adoption in developing and underdeveloped economies, and inconvenience due to system failure are anticipated to hinder the market progression.
 

As per type, global side view camera system industry share from multi camera segment is predicted to amplify through 2027, owing to product’s capability of delivering 360-degree view of the surrounding. Various automobiles now have a pre-installed touchscreen display that enables drivers to select from several settings and angles.
 

Based on application spectrum, commercial segment share is projected to witness notable growth over the coming years, owing to flourishing transportation & logistics sector.
 

Geographically, North America industry is projected to observe robust demand over 2021-2027, attributable to ongoing research & development initiatives related to side view cameras. Technological advancements and new product launches by leading companies will contribute to regional industry expansion. Further, increasing rate of car ownership is boosting demand for ADAS systems, adding to industry valuation.
 

Prominent firms influencing global side view camera system market trends are Rearview Systems LLC, Ficosa International S.A., Gentex Corporation, Panasonic Corporation, Pioneer Corporation, Samsung Electronics Co. Ltd., Samvardhana Motherson International Ltd. (SAMIL), Robert Bosch GmbH, Rear View Safety Inc. (RVS), Mitsubishi Electric Corporation, Magna International Inc., Kyocera Corporation, Continental AG and, Denso Corporation among others.