The global side-view camera system market value in 2020 is 75 million U.S. dollars and is expected to reach 392 million U.S. dollars by 2030. In the forecast year, the market will grow at a compound annual growth rate (CAGR) of 18% from 2021 to 2030. The side-view camera is a camera installed in the vehicle for safety reasons. The camera is mounted on the side-view mirror to provide a 360-degree view of the surrounding environment. The side-view camera provides the driver with a better and enhanced driving experience. The camera has several parts such as a sensor, a display, and a camera. The camera helps to detect pedestrians, drive on crowded and narrow roads, assist in parking, and provide a view of things on the blind side of the driver.
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The covid-19 pandemic has led to a strict lockdown to curb the infection rate of the virus. This has led to the temporary suspension of the production and manufacturing industries of many products, including automobiles. The slowdown in the growth of the automotive industry eventually led to a slowdown in the growth of the global side-view camera market. Due to the blockade caused by the pandemic, the growth of the side-view camera market has slowed. As a result, it hinders supply and demand in the side-view camera market. The overall impact of the covid-19 pandemic has a negative impact on the demand for the global side-view camera market.
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From a regional perspective, the Asia-Pacific region has the largest market share. The demand for side-view camera systems is due to high-level production and innovation in countries such as Japan, South Korea, and China. Japan has also introduced regulations that allow automakers to install side-view camera systems. It is expected that other countries such as South Korea and China will adopt the same approach in the near future. The high production of Chinese cars is expected to increase the demand for global side-view camera systems.
The following are the most famous companies in the global side-view camera system market:
The global side-view camera system market is mainly concentrated in market segments such as camera types, vehicle types, components, technologies, applications, sales channels and regions.
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