Latest News- Automotive Camera-Based Side Mirrors Market: Passenger cars is expected to lead the Application segment during 2025-2029

The Automotive Camera-Based Side Mirrors Market is being driven by Increased utility of automotive camera-based side mirrors

The Automotive Camera-Based Side Mirrors Market is expected to grow at a CAGR of 29.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 20828.6 thousand. The automotive camera-based side mirrors market is experiencing significant growth due to the emergence of surround-view mirror systems. These innovative 360-degree camera systems, utilized by major automotive manufacturers and technology companies like Gentex Corp., employ multiple strategically placed cameras around the vehicle to deliver drivers a comprehensive view of their surroundings. This technology addresses blind spots and enhances visibility, particularly in challenging driving conditions. The increasing demand for advanced safety features and the adoption of automotive electronics are key market drivers. Investments in the development and integration of these systems continue to escalate. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Passenger cars
  • Commercial vehicles
• Product Type
  • Rear-view mirror
  • Front mirror
• Type
  • Single camera systems
  • Multi-camera systems
• Component
  • Cameras
  • Displays
  • Control units
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • Mexico
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased utility of automotive camera-based side mirrors
• Increasing preference for safe and convenient features in vehicles
• Increasing safety concerns in automotive ecosystem

However, the market also witnesses some limitations, which are as follows:

• High replacement costs
• Government regulations regarding automotive mirrors
• Technical issues associated with camera-based side mirrors

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Market Scope in Automotive Camera-Based Side Mirrors Market Research Report

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Research Analysis Overview

The Automotive Camera-Based Side Mirrors Market encompasses advanced technologies such as Rearview Camera Systems, Surround View Cameras, Panoramic Vision, Bird's Eye View, and Multi-Camera Systems. These innovations offer features like Object Recognition, Lane Keeping Assist, Adaptive Cruise Control, Automatic Emergency Braking, Pedestrian Detection, Drowsy Driver Detection, Smartphone Integration, Voice Control, and Gesture Control. Augmented Reality, Virtual Reality, and 3D Imaging are emerging trends. Technologies like Digital Signal Processing, Edge Computing, Cloud Computing, Big Data, Data Security, and Hardware and Software integration ensure seamless functionality. Industry partnerships, startups, and investments fuel market penetration and innovation in this global market, with future trends including Calibration and Adjustment, Maintenance and Repair, Consumer Adoption, Market Penetration, Innovation Hubs, and Regional Market expansion.

Market Research Overview

The global automotive components and equipment market encompasses businesses producing parts and accessories for various automobile segments, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of automotive components and equipment. Factors fueling the expansion of the automotive components and equipment market include the surge in electronic components adoption in automobiles. The increasing sales of EVs, motorcycles, and PCs have significantly boosted the demand for electronic control units (ECUs) and other electrical components in the past decade. Advanced driver-assistance systems (ADAS) features, such as Camera-Based Side Mirrors, Digital Rearview Mirrors, Blind Spot Monitoring, Lane Departure Warning, and Parking Assist, are increasingly being integrated into vehicles, further driving market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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