Automotive Camera-based Side Mirrors Market Forecast Report 2021: USD 69.68 Million Market Growth Opportunity by 2025 | Technavio
NEW YORK, June 29, 2022 /PRNewswire/ -- The "Automotive Camera-based Side Mirrors Market by Application (passenger cars and commercial vehicles) and Geography (APAC, EMEA, and Americas) - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The automotive camera-based side mirrors market share is expected to increase by USD 69.68 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 83.09%. The automotive camera-based side mirrors market share growth by the passenger cars segment will be significant for revenue generation. Luxury automakers are focusing on increasing the safety level of passenger cars and are adopting advanced safety functions such as camera-based side mirrors. Hence, the demand for automotive camera-based side mirrors is increasing steadily in the automotive industry.
Key Market Dynamics:
Market Driver - The growing uptake of automotive electronics is one of the key factors driving the growth of the global automotive camera-based side mirrors market. With the advent of technological innovations in automobiles, the uptake of electronic components and sub-systems has increased in vehicles (especially passenger vehicles). In 2018, the penetration of automotive electronics was about three-fifths in an average automobile, which was about two-thirds during 2013-2014.
Market Challenges - The government regulations regarding automotive mirrors are a major challenge for the global automotive camera-based side mirrors market growth. The majority of the states in the US are governed by regulations that require vehicles to have side-view mirrors. The addition of automotive camera-based side mirrors increases production costs. Hence, vehicle manufacturers are inclined to offer automotive camera-based side mirrors only with premium segment vehicles.
The automotive camera-based side mirrors market report is segmented by Application (passenger cars and commercial vehicles) and Geography (APAC, EMEA, and Americas).
Regional Analysis: 41% of the market's growth will originate from the Americas during the forecast period. The UK is the key market for automotive camera-based side mirrors market in the Americas. Market growth in this region will be faster than the growth of the market in regions. The growing uptake of automotive electronics will facilitate the automotive camera-based side mirrors market growth in the Americas over the forecast period.
Grab a sample reportfor additional insights into the contribution of all regional opportunities in the report.
Vendor Analysis
The automotive camera-based side mirrors market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
BMW Group
Continental AG
Gentex Corp.
Honda Motor Co. Ltd.
Hyundai Mobis Co. Ltd.
Kappa optronics GmbH
Kyocera Corp.
Magna International Inc.
Mitsubishi Electric Corp.
Motherson Sumi Systems Ltd.
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Get ready to achieve excellent business outcomes from this exclusive Automotive Camera-based Side Mirrors Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as -
What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
What is the current trend taking place in the market space?
Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?
What are market drivers, restraints, and challenges impacting demand & growth of the market?
Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?
The competitive scenario provided in the Automotive Camera-based Side Mirrors Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Automotive Camera-based Side Mirrors Market Forecast Report - Buy Now!
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Automotive Camera-based Side Mirrors Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of about 83.09%
Market growth 2021-2025
USD 69.68 million
Market structure
Fragmented
YoY growth (%)
35.96
Performing market contribution
Americas at 41%
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
BMW Group, Continental AG, Gentex Corp., Honda Motor Co. Ltd., Hyundai Mobis Co. Ltd., Kappa optronics GmbH, Kyocera Corp., Magna International Inc., Mitsubishi Electric Corp., and Motherson Sumi Systems Ltd.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Key Topics Covered:
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 02: Market characteristics
Exhibit 03: Value chain analysis for automotive components and accessories
2.2 Value chain analysis
3 Market Sizing
3.1 Market definition
Exhibit 05: Market segments
3.2 Market segment analysis
3.3 Market size 2020
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
Exhibit 32: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
Exhibit 33: Impact of drivers and challenges
8.3 Market trends
9 Vendor Landscape
9.1 Overview
Exhibit 35: Landscape disruption
9.2 Landscape disruption
Exhibit 36: Industry risks
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
Exhibit 38: Market positioning of vendors
Exhibit 39: BMW Group - Overview
Exhibit 40: BMW Group - Business segments
Exhibit 41: BMW Group ? Key news
10.3 BMW Group
Exhibit 42: BMW Group - Key offerings
Exhibit 43: BMW Group - Segment focus
Exhibit 44: Continental AG - Overview
Exhibit 45: Continental AG - Business segments
10.4 Continental AG
Exhibit 46: Continental AG ? Key news
Exhibit 47: Continental AG - Key offerings
Exhibit 48: Continental AG - Segment focus
Exhibit 49: Gentex Corp. - Overview
Exhibit 50: Gentex Corp. - Business segments
10.5 Gentex Corp.
Exhibit 51: Gentex Corp. ? Key news
Exhibit 52: Gentex Corp. - Key offerings
Exhibit 53: Gentex Corp. - Segment focus
Exhibit 54: Honda Motor Co. Ltd. - Overview
Exhibit 55: Honda Motor Co. Ltd. - Business segments
10.6 Honda Motor Co. Ltd.
Exhibit 56: Honda Motor Co. Ltd. ? Key news
Exhibit 57: Honda Motor Co. Ltd. - Key offerings
Exhibit 58: Honda Motor Co. Ltd. - Segment focus
Exhibit 59: Hyundai Mobis Co. Ltd. - Overview
Exhibit 60: Hyundai Mobis Co. Ltd. - Business segments
Exhibit 61: Hyundai Mobis Co. Ltd. ? Key news
10.7 Hyundai Mobis Co. Ltd.
10.8 Kappa optronics GmbH
Exhibit 66: Kappa optronics GmbH ? Key news
Exhibit 67: Kappa optronics GmbH - Key offerings
Exhibit 68: Kyocera Corp. - Overview
Exhibit 69: Kyocera Corp. - Business segments
10.9 Kyocera Corp.
Exhibit 70: Kyocera Corp. - Key offerings
Exhibit 71: Kyocera Corp. - Segment focus
Exhibit 72: Magna International Inc. - Overview
Exhibit 73: Magna International Inc. - Business segments
10.10 Magna International Inc.
Exhibit 74: Magna International Inc. ? Key news
Exhibit 75: Magna International Inc. - Key offerings
Exhibit 76: Magna International Inc. - Segment focus
Exhibit 77: Mitsubishi Electric Corp. - Overview
Exhibit 78: Mitsubishi Electric Corp. - Business segments
10.11 Mitsubishi Electric Corp.
Exhibit 79: Mitsubishi Electric Corp. - Key offerings
Exhibit 80: Mitsubishi Electric Corp. - Segment focus
Exhibit 81: Motherson Sumi Systems Ltd. - Overview
Exhibit 82: Motherson Sumi Systems Ltd. - Business segments
10.12 Motherson Sumi Systems Ltd.
Exhibit 83: Motherson Sumi Systems Ltd. - Key offerings
Exhibit 84: Motherson Sumi Systems Ltd. - Segment focus
11 Appendix
11.1 Scope of the report
Exhibit 85: Currency conversion rates for US$
11.2 Currency conversion rates for US$
Exhibit 86: Research Methodology
11.3 Research methodology
Exhibit 87: Validation techniques employed for market sizing
Exhibit 88: Information sources
Exhibit 89: List of abbreviations
11.4 List of abbreviations
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