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(I-AutoNewsWire.com, September 06, 2019 ) Market Overview Rear View Camera is also known as a backup camera or reversing camera. Rear View Camera was seen as a luxury a few years ago, now they are seen as a necessary tool. Rear View Cameras are believed to prevent accidents. The global Automotive rearview Camera market is expected to overgrow until all passenger & commercial vehicles in developed countries have a rearview camera. Market Dynamics Apart from Automotive sales, rear view camera market is dependent on Safety Awareness and regulatory mandate. Thus increasing measures for safe driving has led the proportion of cars with a rearview camera or backup camera to grow in the last ten years. According to US legislation, all new cars sold in the US from May 2018 must have a rearview camera. According to the EU commission, Rear-View Cameras will be mandatory from 2021. This drives the demand for automotive rearview camera market in the coming years. Lack of safety awareness and regulatory mandates have hindered the growth of rear view camera market in developing countries. Market Segmentation The automotive rearview Camera market is segmented by connectivity type, by position type, by vehicle type, and by sales channel. By position type, the market is segmented into Surface mounted cameras, License mounted cameras, and Flush mounted cameras. Surface mounted cameras can be installed on any flat surface and are commonly climbed high up. They are typically used in larger vehicles. License mounted camera is mounted on the existing license plate hole. The flush mounted camera is mounted through a hole in the body of the vehicle. License mounted, and Flush mounted type camera is preferred type for passenger vehicles. By application, the market is segmented into Passenger vehicles & Commercial vehicles. Passenger cars account for a significant share of the market. Demand for safety innovation in passenger cars and is responsible for rear view camera market growth. By connectivity Type Wire Wireless By Camera Position Type Surface mounted Flush mounted License mounted By Application Passenger Cars Commercial Vehicles By sales channel Aftermarket OEM By Region Asia Pacific Europe North America South America Rest of the World Geographical Analysis By region, the market can be segmented into North America, South America, Europe, Asia-pacific and rest of the world. Asia-pacific is the most significant segment in the market due to strong automotive sales. In developing countries, Increase in penetration rate, and automotive sales in Asia will drive the market. Competitive Trends The rear view camera market is very competitive consisting of major corporations as well as mid-sized companies. Some of the major players in the market are Magna International, Delphi, Valeo, Continental, DENSO, Bosch and others. The scope of the report The report covers the key factors impacting the market, Porter 5 Forces, Product Benchmarking, and company profiles. The automotive rearview Camera market is segmented by connectivity Type (Wired, Wireless), by Camera Position Type (Surface mounted, Flush mounted, License mounted), by Application (Passenger Cars, Commercial Vehicles), By sales channel (Aftermarket, OEM). Based on geography the market is segmented into North Ameri-ca, South America, Europe, Asia Pacific and Rest of the world. View full sample report: https://www.datamintelligence.com/research-report/automotive-rear-view-camera-market
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