New York, September 12, 2022 /PRNewswire/ — Automotive Surround View Systems Market Size US$9.6 billion, will accelerate at a CAGR of 15.74% between 2021 and 2026. The report estimates the market size by considering various aspects such as consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors. This report provides an in-depth analysis of the drivers, trends, and challenges impacting market growth. Download PDF report sample here
The market is primarily driven by technological advancements leading to affordable camera-assisted safety technology. Factors such as evolving consumer demands and the need for safety and comfort are driving the prevalence of automotive technologies such as ADAS and other systems. Also, increasing consumer disposable income and government regulations on safety are driving the development of safety and emergency systems.
However, the high cost of these systems has hampered their adoption. As a result, some of the major automotive OEMs are focused on developing cost-effective and lightweight digital camera solutions and technologies that use low-voltage differential signaling (LVDS) instead of traditional copper wires. Therefore, the market is expected to witness considerable growth during the forecast period as development and production costs gradually decrease and the latest technologies become available.
According to Technavio, the development of high-definition cameras will have a positive impact on the market, contributing significantly to its growth during the forecast period. This research report also analyzes other significant trends and market drivers impacting the growth of the market.
Automotive Surround View System Market: Development of High-Resolution Cameras
Market vendors are focused on developing high-definition cameras to help drivers monitor their vehicles safely. for example, November 2021, Continental has introduced the next generation of innovative surround view camera technology. The new ProViu 360 2nd generation surround view system offers full digital capabilities delivering sharper, higher quality images in HD resolution. Such developments among vendors are expected to have a positive impact on the growth of the global automotive surround view system market during the forecast period.
Automotive Surround View Systems Market: Segmentation Analysis
This market research report In-vehicle surround view system market Type (passenger and commercial vehicles) and geography (Europe, North AmericaAPAC, middle east When AfricaWhen South America).
Europe region to lead automotive surround view system market in 2022, followed by North AmericaAPAC, middle east When AfricaWhen South America Respectively. Europe region is expected to register the highest incremental growth during the forecast period. The presence of prominent automakers such as Jaguar, Bentley, BMW, Audi, Mercedes-Benz, and Volvo has made the region the largest market for automotive surround view systems. In addition, factors such as vehicle sales growth, new product launches, vehicle electrification, and government initiatives for EVs are driving the growth of the regional market.
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Key topics covered in the report include:
market driver
market challenges
Market trend
vendor landscape
Related reports:
Market Scope of Automotive Surround View Systems | |
report coverage | detail |
page number | 120 |
base year | 2021 |
Forecast period | 2022-2026 |
Growth Momentum and CAGR | Accelerate at a CAGR of 15.74% |
Market growth 2022-2026 | US$9.6 billion |
market structure | fragmented |
YoY growth rate (%) | 15.36 |
Regional analysis | Europe, North America, APAC, Middle East, Africa, South America |
Execution of market contribution | Europe 46% |
Main consumption country | USA, China, Japan, UK, Germany |
competitive environment | Scope of major companies, competitive strategies and consumer engagement |
Company profiled | Advanced Micro Devices Inc., Ambarella Inc., BorgWarner Inc., Continental AG, FURUKAWA Co. Ltd., Gazer Ltd., Intel Corp., Kocchi Technology Hong Kong Ltd., Magna International Inc., NXP Semiconductors NV, OMNIVISION Technologies Inc. , Orlaco Products BV, Renesas Electronics Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd, Spillard Safety Systems Ltd., Stellantis NV, Texas Instruments Inc., Valeo SA |
market dynamics | Parent market analysis, market growth drivers and impediments, fast and slow growth segment analysis, impact of COVID 19 and future consumer dynamics, market condition analysis for the forecast period. |
Customization range | If the data you’re looking for isn’t in the report, contact an analyst to customize the segment. |
table of contents:
1.executive summary
2 Market outlook
3 Market size
4 Five Forces Analysis
5 Market Segmentation by Vehicle Type
6 Customer Situation
7 Geographical landscape
8 Factors, Challenges and Trends
9 Vendor Landscape
10 vendor analysis
11 Appendix
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