Product Code: ETC4569805 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India side view camera system market import shipments experienced a significant decline with a CAGR of -59.7% from 2020 to 2024. However, there was a remarkable surge in growth rate between 2023 and 2024. The market initially contracted but showcased a strong rebound towards the end of the period, indicating a potential turnaround in momentum.
The side view camera system market in India is experiencing growth as advanced safety and driver assistance systems become more prominent in modern vehicles. Side view camera systems provide enhanced visibility and assist drivers in navigating traffic and parking situations. These systems contribute to road safety and the reduction of blind spots. The market is characterized by technological advancements such as high-definition cameras, image processing algorithms, and integration with other safety features. As vehicle safety becomes a key priority in India, the side view camera system market is poised for continued expansion, positively impacting road safety.
The India side-view camera system market is witnessing growth, primarily due to several driving factors. Safety and the prevention of accidents are paramount concerns, leading to the adoption of advanced driver assistance systems (ADAS). Side-view camera systems provide drivers with improved visibility, reducing blind spots and enhancing overall safety. Regulatory authorities have also emphasized the importance of safety features, contributing to the market`s growth. Additionally, the increasing traffic congestion and the need for efficient parking solutions are driving the demand for side-view camera systems. Consumers are becoming more aware of the benefits of such systems, further fueling their adoption. The convergence of technology and safety requirements is a key driver of this market`s expansion.
The side view camera system market in India encounters obstacles related to consumer awareness and acceptance. Many consumers are yet to fully embrace this technology due to concerns about reliability, especially in adverse weather conditions and dusty environments. Moreover, the high cost of these systems, coupled with the lack of stringent regulations mandating their use, limits their penetration in the India market. Installation and maintenance issues further hinder their widespread adoption.
The COVID-19 pandemic emphasized the importance of safety in vehicles. Side view camera systems gained traction as they enhanced driver visibility and safety. Demand for these systems increased as people became more conscious of health and safety, leading to a favorable impact on the market. However, the market also faced challenges in terms of supply chain disruptions.
Notable participants in the side-view camera system segment are Continental AG, Magna International, Aptiv, and Bosch India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Side View Camera System Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Side View Camera System Market Revenues & Volume, 2021 & 2031F |
3.3 India Side View Camera System Market - Industry Life Cycle |
3.4 India Side View Camera System Market - Porter's Five Forces |
3.5 India Side View Camera System Market Revenues & Volume Share, By Camera Type, 2021 & 2031F |
3.6 India Side View Camera System Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 India Side View Camera System Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
4 India Side View Camera System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on vehicle safety features in India |
4.2.2 Growing demand for advanced driver assistance systems (ADAS) in the automotive industry |
4.2.3 Government regulations mandating the use of safety technologies in vehicles |
4.2.4 Rise in awareness about road safety among consumers in India |
4.3 Market Restraints |
4.3.1 High initial costs associated with side view camera systems |
4.3.2 Integration complexities with existing vehicle systems |
4.3.3 Limited aftermarket availability and distribution channels for side view camera systems |
4.3.4 Concerns regarding reliability and durability of the technology |
5 India Side View Camera System Market Trends |
6 India Side View Camera System Market, By Types |
6.1 India Side View Camera System Market, By Camera Type |
6.1.1 Overview and Analysis |
6.1.2 India Side View Camera System Market Revenues & Volume, By Camera Type, 2021-2031F |
6.1.3 India Side View Camera System Market Revenues & Volume, By Single Camera, 2021-2031F |
6.1.4 India Side View Camera System Market Revenues & Volume, By Multi-Camera, 2021-2031F |
6.2 India Side View Camera System Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 India Side View Camera System Market Revenues & Volume, By Camera, 2021-2031F |
6.2.3 India Side View Camera System Market Revenues & Volume, By ECU, 2021-2031F |
6.2.4 India Side View Camera System Market Revenues & Volume, By Display, 2021-2031F |
6.3 India Side View Camera System Market, By Vehicle |
6.3.1 Overview and Analysis |
6.3.2 India Side View Camera System Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.3.3 India Side View Camera System Market Revenues & Volume, By Commercial Vehicle, 2021-2031F |
7 India Side View Camera System Market Import-Export Trade Statistics |
7.1 India Side View Camera System Market Export to Major Countries |
7.2 India Side View Camera System Market Imports from Major Countries |
8 India Side View Camera System Market Key Performance Indicators |
8.1 Adoption rate of ADAS technologies in new vehicle models in India |
8.2 Number of road accidents reduced due to the implementation of side view camera systems |
8.3 Percentage increase in demand for vehicle safety technologies in India over time |
9 India Side View Camera System Market - Opportunity Assessment |
9.1 India Side View Camera System Market Opportunity Assessment, By Camera Type, 2021 & 2031F |
9.2 India Side View Camera System Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 India Side View Camera System Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
10 India Side View Camera System Market - Competitive Landscape |
10.1 India Side View Camera System Market Revenue Share, By Companies, 2024 |
10.2 India Side View Camera System Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |