83% CAGR growth expected in Automotive Camera-based Side Mirrors Market during 2021-2025 | Technavio

NEW YORK, May 21, 2021 /PRNewswire/ —
Technavio has been monitoring the automotive camera-based…

NEW YORK, May 21, 2021 /PRNewswire/ —

Technavio has been monitoring the automotive camera-based side mirrors market and it is poised to grow by USD 69.68 million during 2021-2025, progressing at a CAGR of about 83% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions:

  • Based on segmentation by application, which is the leading segment in the market?

    Based on the application, the market saw maximum growth in the passenger cars segment in 2020.
  • What are the major trends in the market?

    Increased focus of OEMs on the development of autonomous vehicles is the major trend in the market.
  • At what rate is the market projected to grow?

    The market is projected to grow at a CAGR of about 83% during the forecast period.
  • Who are the top players 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., and Motherson Sumi Systems Ltd. are the top players in the market.
  • What are the key market drivers and challenges?

    The market is driven by the growing uptake of automotive electronics. However, government regulations regarding automotive mirrors might challenge growth.
  • How big is the Americas market?

    North America dominated the market with a 41% share in 2020.

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Global Automotive Mirror System Market – Global automotive mirror system market is segmented by position (exterior and interior) and geography (APAC, Europe, North America, South America, and MEA).

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Global Automotive Backup Camera Market – Global automotive backup camera market is segmented by application (passenger car and commercial vehicle) and geography (North America, Europe, APAC, South America, and MEA).

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants. Although the growing uptake of automotive electronics will offer immense growth opportunities, government regulations regarding automotive mirrors are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive camera-based side mirrors market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. 

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive Camera-based Side Mirrors Market 2021-2025: Segmentation

Automotive Camera-based Side Mirrors Market is segmented as below:

  • Application
    • Passenger Cars
    • Commercial Vehicles
  • Geography
    • APAC
    • EMEA
    • Americas

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44050

Automotive Camera-based Side Mirrors Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive camera-based side mirrors market report covers the following areas:

  • Automotive Camera-based Side Mirrors Market Size
  • Automotive Camera-based Side Mirrors Market Trends
  • Automotive Camera-based Side Mirrors Market Industry Analysis

This study identifies the increased focus of OEMs on the development of autonomous vehicles as one of the prime trends driving the Automotive Camera-based Side Mirrors Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Automotive Camera-based Side Mirrors Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist automotive camera-based side mirrors market growth during the next five years
  • Estimation of the automotive camera-based side mirrors market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive camera-based side mirrors market across APAC, EMEA, and Americas
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive camera-based side mirrors market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Passenger cars – Market size and forecast 2020-2025
  • Commercial vehicles – Market size and forecast 2020-2025
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • EMEA – Market size and forecast 2020-2025
  • Americas – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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Report: www.technavio.com/report/automotive-camera-based-side-mirrors-market-industry-analysis

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