iSuppli: 71.2M Rear-View Cameras to be Sold in the US in 2011-2017

EETimes: The U.S. Department of Transportation proposal calls for all new motor vehicles weighing less than 10,000 pounds sold in the United States to incorporate backup cameras by Sept. 1, 2014. The mandate will cause sales of new cars with rear-view park assist cameras in the country to quadruple, according to iSuppli, now part of IHS Inc.

iSuppli now projects that from 2011 through 2017, 71.2 million new cars in the United States will be sold with rear-view cameras for park assistance. The pre-mandate forecast predicted only 19.1 million for the same period.

With the U.S. market beginning to accelerate dramatically in 2012, sales will rise 119.9 percent to 2.8 million units, up from 1.3 million units in 2011. Sales then will increase by 117.4 percent in 2013 to reach 5.98 million, and will climb another 91.1 percent in 2014 to hit 11.4 million. By 2017, a total of 17.1 million cars, representing the entire estimated new-vehicle fleet, will be sold with rear-view cameras in the United States.