According to the latest report by IMARC Group, “Global Automotive Backup Camera Market Growth, Share, Size, Industry Trends, Opportunity and Forecast 2022-2027“, the global automotive backup camera market reached a value of US$ 2.33 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.79 Million by 2027, exhibiting a CAGR of 8.30% during 2022-2027.
An automotive backup camera, also called a rear-view camera, represents the video camera specifically designed for preventing a backup collision and helping the driver in reversing the vehicle safely. It is generally connected to a display screen that turns on automatically when the car is shifted into the reverse gear and exhibits real-time video of the area behind the vehicle. The automotive backup camera provides better visibility and avoids accidents by alleviating the rear blind spots. As a result, it is gaining extensive traction across countries.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Automotive Backup Camera Market Trends and Drivers:
The growing number of fatalities occurring during the reversing of vehicles and the increasing consumer concerns towards the safety of passengers and pedestrians are among the primary factors driving the automotive backup camera market. Additionally, the inflating demand for advanced driver assistance systems (ADAS) is further catalyzing the market growth.
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Besides this, the rising adoption of automotive backup camera systems in commercial vehicles, such as trailers and tow trucks, which cover a larger area on the road and require assistance while reversing or parking, is acting as another significant growth-inducing factor. Moreover, the implementation of several stringent regulations by government bodies that mandate the installation of rear-view cameras to minimize the risk of crashes is also positively influencing the global market.
Apart from this, the elevating investments in the development of advanced product variants to detect objects behind the vehicles are anticipated to fuel the automotive backup camera market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Automotive Backup Camera Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Borgwarner Inc., Continental Aktiengesellschaft, DENSO Corporation, Gentex Corporation, HELLA GmbH & Co. KGaA (Hella Stiftung GmbH), Magna International Inc, Omnivision Technologies Inc., Rear View Safety Inc. (Safe Fleet Holdings LLC), Robert Bosch GmbH, Stonkam Co. Ltd., Valeo and ZF Friedrichshafen AG.
The report has segmented the market on the basis of region, vehicle type, position and sales channel.
Breakup by Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
Breakup by Position:
- Surface Mounted
- Flush Mounted
- License Mounted
Breakup by Sales Channel:
- Original Equipment Manufacturers (OEMs)
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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