Exterior Rear View Vision Systems Market size is estimated to be USD 25.50 Billion in 2024 and is expected to reach USD 39.80 Billion by 2033 at a CAGR of 5.5% from 2026 to 2033.
The global Exterior Rear View Vision Systems market was valued at approximately $6,827.1 million in 2022 and is projected to reach around $10,060 million by 2029, growing at a compound annual growth rate (CAGR) of 5.7% during the forecast period. This growth is driven by the increasing demand for advanced safety features and the expansion of the automotive industry. The integration of multifunctional features such as blind spot monitoring, turn signal indicators, and parking assistance in side view mirrors has significantly contributed to market expansion. Additionally, the rising production and sales of passenger cars, particularly in developing countries, have further boosted the demand for these systems. Regionally, North America demonstrates robust growth, with the U.S. leading in the adoption of advanced driver assistance systems (ADAS) due to stringent safety regulations. The National Highway Traffic Safety Administration (NHTSA) mandates rear visibility standards, propelling manufacturers to innovate and integrate high definition cameras and sensors, resulting in a projected CAGR of approximately 7% in this region through 2025. In Europe, countries like Germany and France are at the forefront, with automakers investing heavily in electric vehicles that require advanced vision systems, leading to an expected growth rate of around 5%. The Asia Pacific region, particularly China, presents significant opportunities due to rapid urbanization and a burgeoning middle class driving vehicle demand, with projections indicating a staggering CAGR of over 10%. Latin America and the Middle East & Africa (MEA) regions show modest growth potential, with CAGRs of approximately 4% and 3%, respectively, influenced by economic challenges and varying adoption rates of advanced technologies.
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Samvardhana Motherson Reflectec
Magna
Gentex
Ficosa
Murakami
MEKRA Lang
SL Corporation
Ichikoh
Flabeg
Shanghai Lvxiang
Beijing Goldrare
Sichuan Skay-View
Minebea AccessSolutions Inc.
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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. 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 Exterior Rear View Vision Systems Market
Traditional Rear View Cameras
Digital Cameras
Synthetic View Systems
360-Degree Camera Systems
Augmented Reality Systems
Passenger Cars
Commercial Vehicles
Two-Wheelers
Hybrid Vehicles
Electric Vehicles
Cameras
Display Units
Sensor Units
Software Systems
Mounting Hardware
Parking Assistance
Blind Spot Detection
Rear Cross Traffic Alert
Autonomous Driving Systems
Driver Assistance Systems
Original Equipment Manufacturers (OEM)
Aftermarket Suppliers
Online Retail
Brick-and-Mortar Stores
Technology Integrators
US (United States, US 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 Exterior Rear View Vision Systems 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 Exterior Rear View Vision Systems Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Exterior Rear View Vision Systems Market, By Type
6. Global Exterior Rear View Vision Systems Market, By Application
7. Global Exterior Rear View Vision Systems Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Exterior Rear View Vision Systems Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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