Global Automotive Rear-View Camera Market 2018-2022
About Automotive Rear-View Camera
Automotive rear-view cameras or reversing cameras are attached to the rear end of vehicles to alleviate the rear blind spot and aid in reversing the vehicles.
Technavio’s analysts forecast the Global Automotive Rear-View Camera Market 2018-2022 to grow at a CAGR of 11.32% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the automotive rear-view camera. To calculate the market size, the report considers the high growth volume due to end-users such as OEMs and aftermarket.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Rear-view Camera Market 2018-2022
Technavio recognizes the following companies as the key players in the automotive rear-view camera: Bosch, Continental, Delphi*, DENSO, Magna International, and Valeo.
Commenting on the report, an analyst from Technavio’s team said: “The increased use of wide-angle camera technology will be a major trend gaining momentum in this market. The growing number of vehicles have resulted in increased traffic congestion and road accidents. Therefore, the safety of occupants has also become a primary concern. OEMs all over the world are providing advanced safety features with their vehicle offerings due to the enforcement of stringent regulations regarding vehicle safety.”
According to the report, the growing focus on reducing fatalities while reversing will be a major factor drive the market’s growth. The growing number of fatalities while reversing has been a major reason for the adoption of automotive rear-view cameras. Rear-view camera assists in low-speed vehicle maneuvers such as parking or slow curbside driving.
Further, the report states that the high price of rear-view cameras will be one of the key challenges of the market. Rear-view camera is a safety feature, which provides drivers with more precise and safer driving experience while reversing the vehicles. Consumers may be reluctant to equip the rear-view camera due to the high cost associated with it, which is negatively affecting the growth of the market.
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