Automotive Rear View System Market was valued at USD 10.5 Billion in 2022 and is projected to reach USD 19.2 Billion by 2030, growing at a CAGR of 8.0% from 2024 to 2030.
However, the market outlook from 2023 to 2033 presents a different scenario. As the automotive industry moves towards electric vehicles (EVs) and autonomous driving, the demand for traditional rear view systems is expected to shift. Innovations like 360-degree cameras, surround view monitoring systems, and AI-based safety technologies are expected to dominate the market. The focus will be on creating integrated, smart vehicle systems that not only help with rear visibility but also enhance overall safety through features like object detection, pedestrian warning, and lane-keeping assistance. The global automotive rear view system market is forecasted to expand at a CAGR of 8.3% over the next decade, with the Asia-Pacific region expected to become a key hub due to the rising demand for EVs and advanced technologies in countries like China and Japan.
From 2023 onwards, the market will see a surge in demand for high-definition cameras, connected rear-view mirrors, and sensor-based systems that can deliver real-time alerts. Consumers will continue to prioritize safety features, and manufacturers will focus on enhancing the overall driving experience through connected car technologies. Moreover, OEMs (Original Equipment Manufacturers) will collaborate with tech companies to integrate the latest software and AI into rear view systems, providing more accurate detection and better user interface. In the coming years, the demand for rear view systems will be driven by their role in assisting self-driving technologies, which are set to become more mainstream by 2030.
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The automotive rear view system market has witnessed significant growth from 2018 to 2022, driven by technological advancements, increasing consumer demand for safety features, and government regulations promoting driver assistance systems. As vehicles become smarter, the adoption of rear view cameras, sensors, and monitoring systems has been on the rise. These systems help prevent accidents and enhance the overall driving experience, which has translated into increased sales and development of innovative products. In fact, the market grew at a compound annual growth rate (CAGR) of 7.5% during this period, with North America and Europe contributing heavily to the growth due to stringent safety regulations such as the U.S. National Highway Traffic Safety Administration (NHTSA) mandate for rear visibility standards.
Magna
Sony
LG Innotek
TTE
MCNEX
Sekonix
HPB
E-Lead
ROSCO
Vision Tech America Inc GENTEX
Foryou Group
Whetron
Grace Tech
Guangzhou AVC Electronics
SharpVision
BOWON
Yotoon
Chengdu Taixin
Xiamen Harine Electronics
Carknight Electronics
Guangzhou Yu Hung Electronic Technology
Candid
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Rear View System Market
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Based on Types the Market is categorized into Below types that held the largest Automotive Rear View System market share In 2023.
Car Display
Reversing Camera
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Rear View System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Rear View System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Rear View System Market, By Type
6. Global Automotive Rear View System Market, By Application
7. Global Automotive Rear View System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Rear View System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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