The Automotive Back-up Camera Market is expected to cross US$ 5 Billion by the end of 2032, up from the US$ 2.3 Billion reported in 2021. With a striking CAGR of between 8 and 9 percent from 2022 to 2032, the sales of automobile backup cameras are expected to generate an additional market potential of more than US$ 2.6 billion by 2022.
A unique type of camera (video) known as a car backup camera is made with the intention of being fitted to the back of a vehicle to assist with backing up. These were created specifically to avoid car accidents when reversing. The head unit display of the car is normally where these cameras are mounted. Rear-view systems improve the way a caravan works, make the driver more visible, and collect extra information that can be used in conjunction with other parking systems. Numerous installations are possible with a mountable camera design, ranging from low-level monitoring to active braking and steering assistance.
The Toyota Soarer Ltd., which was manufactured in the US for the first time in 1991, featured a backup camera. Back-up visibility systems made their debut in high-end vehicles, but they are now starting to appear as original equipment manufacturers in the non-luxury light vehicle market. Over the past ten years, there have also been more after-market options available. Backup cameras went from being an expensive extravagance to becoming a standard in the business as a result of the new requirements.
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Automotive Back-up Camera Market: Regional Outlook
Due to the fact that more OEMs are installing back-up cameras in North America than any other region, from 30% to 60% of all new cars sold, the region will dominate the automotive back-up camera industry. Additionally, by 2018, the National Highway Traffic Safety Administration will require rearview cameras on all vehicles. Due to the presence of the majority of manufacturers, Europe is also thought to be a significant region for the need for car backup cameras. The lack of a backup camera in the majority of M&HCVs and light commercial vehicles (LCV) in Asia-Pacific presents a significant market opportunity for manufacturers of backup cameras. Thus, MEA and Asia-Pacific are anticipated to experience significant CAGR growth throughout the forecast period.
Automotive Back-up Camera Market: Market Participants
Some of the market participants/vendors identified in the Automotive Back-up Camera Market across the world are:
- Denso Corporation
- Magna International
- Valeo SA
- Robert Bosch
- Continental AG
- Delphi Automotive
- Astral
- Fabtec
- Garmin Ltd.
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The report covers exhaustive analysis on:
- Market Segments of Automotive Back-up Camera
- Market Dynamics of Automotive Back-up Camera
- Market Size of Automotive Back-up Camera
- Supply & Demand of Automotive Back-up Camera
- Current Trends/Issues/Challenges of Automotive Back-up Camera
- Competition & Companies involved of Automotive Back-up Camera
- Technology of Automotive Back-up Camera
- Value Chain of Automotive Back-up Camera
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Automotive Back-up Camera Market: Segmentation
On the basis of vehicle type
- Light Commercial Vehicle (LCV)
- Passenger car (PC)
- Heavy Commercial Vehicle (HCV)
- Construction Vehicle
On the basis of monitor
- LCD
- LED
- TFT-LCD
On the basis of position
- Surface Mounted Automotive Back-up Camera
- Flush Mounted Automotive Back-up Camera
- License Mounted Automotive Back-up Camera
On the basis of sales channel
- After-Market
- OEM
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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