On July 1, 2023, China's national standard *Performance and Installation Requirements for Indirect Vision Devices for Motor Vehicles* (GB 15084-2022) officially came into effect, establishing the regulatory foundation for Camera Monitor Systems (CMS) to replace traditional mirrors; similar regulatory pathways have been paved in markets such as the EU and North America through standards like ECE R46 and FMVSS 111. Market research indicates that global CMS revenue reached approximately $571 million in 2024, with sales volume totaling around 793,000 units. Revenue is projected to approach $1.092 billion by 2031, representing a compound annual growth rate (CAGR) of 9.80% for the 2025–2031 period.
However, market adoption rates have fallen short of expectations; between the implementation of the Chinese regulation in July 2023 and July 2024, only six mass-produced passenger vehicle models in China were equipped with CMS. Users have encountered several issues, including the need to adjust to screen placement, a slightly narrower field of view, difficulty accurately judging the distance of following vehicles, image latency, concerns regarding malfunctions (such as blue screens, black screens, or system freezing), and limited control over system settings; the high cost of the optional upgrade is also a significant factor hindering growth.
As the costs of hardware components-such as cameras and displays-continue to decline, the price for CMS options has dropped from the 10,000-yuan range to between 3,000 and 5,000 yuan. Faced with lower-than-expected adoption volumes, low-cost transitional solutions have emerged; for instance, some vehicles utilize existing surround-view or side-view cameras via Over-the-Air (OTA) updates to provide "CMS-like" functionality on the Head-Up Display (HUD)-a practice adopted by IM Motors. Looking ahead, CMS technology will be deeply integrated with autonomous driving and smart cockpit systems, with penetration expected to expand from high-end models to the mass market, establishing it as a key component in the automotive industry's intelligent transformation.