Side View Camera System Market Share

North American Market Forecast

Side view camera system market in North America region is projected to hold largest revenue share of about 35% share during the projected period. Side view camera systems and other ADAS are becoming more and more necessary due to North America's stringent safety regulations. The increased use of cutting-edge automobile safety technologies in cars throughout the US and Canada has also added to the supremacy of this region. Additionally, there are numerous ADAS-focused technological companies based in this area. This, together with the area's booming car sector, has solidified its position as the top player in the market. In 2022, almost 14.8 million automobiles were made in North America.

APAC Market Statistics

Side view camera system market in Asia Pacific is attributed to hold second largest revenue share of about 30% share during the forecast period. As nations like China, Taiwan, and India strive to strengthen their capacities for producing electronic components, the market is anticipated to expand. To strengthen their positions in the worldwide ADAS industry, Toyota Motor Corporation, Hyundai Motor Group, and Nissan are all putting in a lot of effort. For instance, in July 2022 Hyundai Mobis developed the first camera monitor system in South Korea using high-performance video sensors to enable dependable autonomous driving. The new regulations aim to protect pedestrians and lower the number of traffic deaths from roughly 6 per 100,000 to 3 per 100,000, as stated in Vision 2022. The expansion of the market is anticipated to be supported by such actions as well as an increase in the number of cars on the road.