Global Automotive Surround View Systems Market, By Type (4 Camera, 5 Camera, 6 Camera and Others), Camera Functioning (Automatic and Manual), Vehicle Type (Passenger Vehicles and Commercial Vehicles), End User Market (OEMs and Aftermarket), Component (Sensors, Camera and ECU), Country (U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global Automotive Surround View Systems Market
Data Bridge Market Research analyses that the automotive surround view systems market would exhibit a CAGR of 13.23% for the forecast period. Rising demand for efficient safety norms in automobiles, rising trend of autonomous vehicles on the roads and rising incorporation of artificial intelligence with the technology involved in passenger vehicles are the major factors attributable to the growth of automotive surround view systems market.
Automotive surround view systems are the intelligent camera systems that enhance the safety mechanisms by manifolds. Automotive surround view systems are embedded with cameras that provide rear view, top view, and panorama view to the driver. The functioning of the camera can be done both manually and automatically and the system is most helpful while parking. Some other advantages of automotive surround view systems include enabling the driver to get a sharp view on all sides; removing the blind spots; lowering distractions of the driver and improving traffic safety.
Rising technological advancements in the automobiles has generated lucrative and remunerative opportunities for the automotive surround view systems market. Rising adoption of artificial intelligence by the automobile sector will directly and positively impact the growth rate of automotive surround view systems market. Rising advancements in the automotive advanced driver assistance systems (ADAS) technologies will further propel growth in the automotive surround view systems market value. Rising expenditure on research and development to develop surround view systems with higher accuracy and advanced features will further induce growth in the market value.
However, high installation cost will pose a major challenge to the automotive surround view systems market growth. Stringent regulations imposed by the government on getting no objection certificate (NOC) for installing automotive surround view systems in the automobiles will further derail the market growth rate.
This global automotive surround view systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive surround view systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Surround View Systems Market Scope and Market Size
The global automotive surround view systems market is segmented on the basis of type, camera functioning, vehicle type, end user market and component. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the automotive surround view systems market is segmented into 4 camera, 5 camera, 6 camera and others.
- On the basis of camera functioning, the automotive surround view systems market is segmented into automatic and manual.
- On the basis of vehicle type, the automotive surround view systems market is segmented into passenger vehicles and commercial vehicles. Passenger Vehicles segment is sub-segmented into Compact, Luxury, Mid-Size and SUV. Commercial Vehicle segment is sub-segmented into medium duty commercial vehicle and heavy duty commercial vehicle.
- On the basis of end user market, the automotive surround view systems market is segmented into OEMs and aftermarket.
- On the basis of component, the automotive surround view systems market is segmented into IR-sensors, camera and ECU.
Global Automotive Surround View Systems Market Country Level Analysis
The global automotive surround view systems market is analysed and market size insights and trends are provided by country, type, camera functioning, vehicle type, end user market and component as referenced above.
The countries covered in the automotive surround view systems market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the automotive surround view systems market owing to the presence of major key players in the region. However, Asia-Pacific will project the highest growth rate for the forecast period owing to the unprecedented growth of automobile sector in this region.
The country section of the automotive surround view systems market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Surround View Systems Market Share Analysis
The automotive surround view systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive surround view systems market.
The major players covered in the automotive surround view systems market report are Magna International Inc., Continental AG, Texas Instruments Incorporated., FUJITSU, DENSO-Holding GmbH & Co. KG, Renesas Electronics Corporation., Clarion., AISIN SEIKI Co., Ltd., Xylon d.o.o., Ambarella International LP., Robert Bosch GmbH., Mobileye., BorgWarner Inc., HYUNDAI MOBIS., SAMSUNG, Intel Corporation, OmniVision Technologies, Inc., Gazer Ltd. and NXP Semiconductors among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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