There will be profits galore for some producers of rear view camera systems. The new law that mandates new cars to be equipped with these cameras will increase demand and therefore profits for companies like Magna International Inc. If you are contemplating installing a rear view camera on your present vehicle go to the rearviewcamera.com for a huge selection. The article below from automotive news illustrates this point.
“”David Sedgwick Automotive News April 5, 2014 – 8:09 am ET DETROIT — The biggest beneficiary of the new federal mandate for rear view cameras is likely to be Magna International Inc., which claims 40 percent of the North American market for the equipment. Other suppliers such as Delphi Automotive, Gentex Corp., Panasonic Corp. and Valeo S.A. also are poised to profit. Suppliers also see the mandate driving more business on the horizon. The cameras are another step toward sophisticated safety aids, which the suppliers would produce, that give drivers a 360-degree view around their vehicles.
There is no denying that fact that suppliers of rear view camera systems will benefit from the increased demand for this emerging technology. Along with the benefit of safer driving, there are many additional features being added to the rear view camera that motorists and pedestrians will benefit from.