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

·5 min read

NEW YORK, May 21, 2021 /PRNewswire/ --

Technavio has announced its latest market research report Automotive Camera-based Side Mirrors Market by Application and Geography - Forecast and Analysis 2021-2025
Technavio has announced its latest market research report Automotive Camera-based Side Mirrors Market by Application and Geography - Forecast and Analysis 2021-2025

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.

Related Reports on Consumer Discretionary Include:

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

  • Geography

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

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Report: www.technavio.com/report/automotive-camera-based-side-mirrors-market-industry-analysis

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  • Giant New Iron Ore Mine May Aid China’s Push to Cool Prices

    (Bloomberg) -- BHP Group’s start up of production at its $3.6 billion South Flank project in Australia -- combined with existing operations at the site -- will create the world’s biggest iron ore hub. It may also help temporarily cool a hot market.Iron ore futures are trading below $200 a ton after China’s cabinet called for tougher oversight of commodity markets and protection for consumers from soaring prices. While South Flank was a replacement mine, the announcement of a big mine coming on stream can add short-term to negative market talk, according to Peter O’Connor, mining analyst at Shaw & Partners Ltd.Commodities have tumbled as international markets are gripped by inflation fears and the authorities in Beijing continue to try to jawbone and manage prices lower. China’s cabinet expressed concerns Wednesday about the surge in prices for a second week in row, calling for more effort to curb “unreasonable” gains and prevent any impact on consumer prices. The meeting, chaired by Premier Li Keqiang, also called for a crackdown on speculation and hoarding.Against this backdrop, where steel margins were getting compressed in China and Li was trying to talk commodities down, “it weighs on that narrative as opposed to really weighing on the market,” O’Connor said. “But when you get these sort of extremes -- that subjective narrative can be a key driver.”South Flank has been built to replace the depleting Yandi mine -- and together with the existing Mining Area C -- will form a hub with annual production of 145 million tons a year. South Flank’s higher quality product will also lift the average iron ore grade across BHP’s Pilbara operations. In the short-term, there was potential for a squeeze higher in BHP’s ore exports as South Flank and Yandi operated in tandem, although the overall physical impact on the market was likely to be small, said O’Connor.The start of production of 80 million tons a year at South Flank, matching Yandi, comes at a time when top exporters Australia and Brazil have been challenged in meeting strong demand from Chinese steel mills. Pilbara shipments were down 6% in April compared to the year-ago period, while Brazil’s exports were flat, according to Bloomberg Intelligence. BHP’s current guidance is for annual production at the upper end of its range of 276-286 million tons.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Cathie Wood Buys Tesla Amid Musk Bitcoin Spat, Burry Shorts

    (Bloomberg) -- Cathie Wood’s Ark Investment Management is buying the dip in Tesla Inc., sticking with high-conviction names and setting aside a big disagreement with Elon Musk over Bitcoin.Ark exchange-traded funds added more than 47,000 shares in the electric carmaker in the last trading session, according to data released late Tuesday. While that’s worth a modest $27 million, it’s the first time the firm has purchased Tesla since April.Tesla has dropped 38% from its January peak as inflationary fears spur investors to sell expensive assets -- prompting Wood to demonstrate her propensity to enlarge Ark’s positions in favorite tech bets at market lows.The firm also recently bought Twitter Inc. amid its worst week since October. And Wood has been consistently adding cryptocurrency exchange Coinbase Global Inc., whose shares have been declining for much of the past month after rallying in its April IPO.Read more: Musk Splits From Cathie Wood’s Ark on Bitcoin Environmental CostSome of that retreat is likely down to Musk, who fueled a slump in the largest cryptocurrency after hitting out at the token’s high energy demands and reversing a decision to accept it as a form of payment.With Ark a big proponent of Bitcoin and a believer in its green credentials, it’s all adding to recent drama in the world of speculative tech. While Wood appears committed to her Tesla bet, famed investor Michael Burry has been revealed to be betting heavily against the carmaker via put options.Bitcoin has erased all the gains since Tesla’s Feb. 8 announcement that it would use corporate cash to buy the digital currency, and was trading at around $35,700 as of 10:28 a.m. in New York. Tesla was down 4.4%.Read more: Coinbase Plunges With Other Crypto Stocks Amid Bitcoin Rout“Wood is making her move once again when everyone else is looking elsewhere,” said James Pillow, managing director at Moors & Cabot Inc.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Pound hits $1.42 as economy roars back to life - live updates

    Retail sales jumped 9.2pc in April as shops reopened Private sector signals fastest output growth for more than two decades Pound jumps to $1.42 FTSE down 0.05pc US stocks snap three-day losing streak as tech stocks rise Ben Wright: Farmers are falling for paranoia over Aussie beef imports Sign up here for our daily business briefing newsletter The pound rose to $1.42 today and was on track for its third consecutive week of gains against the dollar, as new data showed the UK economy is enjoying an 'unprecedented growth spurt' as it emerges from lockdown. Data by IHS Markit showed the private sector output growth was the fastest it has been for more than two decades with hotels, restaurants and other consumer facing services posting the strongest demand. Factory orders surged at record pace as the global demand for goods returned and the service sector is reporting near-record growth. Earlier, the Office for National Statistics also said the amount of total retail sales surged 9.2pc in April - double the rate economists expected. At the same time, inflationary pressures continued to build with rising material prices and service providers highlighting increased staff salaries.