Market Research Future published a research report on “Automotive Surround View Systems Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India -- (SBWIRE) -- 01/11/2018 -- Global Automotive Surround View Systems Market Information Report, By Type (4 Camera, 6 Camera and Others), By Camera Functioning (Automatic and Manual), By Vehicle Type (Passenger Vehicles and Commercial Vehicles), By End Market (OEMs and Aftermarket) and By Region - Forecast To 2023
The global automotive surround view systems market is constantly evolving, and is expected to witness significant growth over the forecast period. It has been observed that the vehicle users have now become more safety conscious as the incidences of collision have increased. This has increased the demand for automotive surround view systems technology.
During the last few years, the demand for automotive surround view system in automotive has increased owing to its various advantages. As a result, the sales of new vehicles have growth from the past years. Therefore, the growing use of automotive driver assistance system technology have led to the demand for automotive surround view systems. Moreover, increased spending on research & development in automotive industry, and growing safety concern among end users, are likely to fuel the demand for automotive surround view systems, among users. However, the higher installation cost, and strict government regulations on getting NOC for installation of this technology into vehicles, have majorly been restraining the growth of automotive surround view system market. The growing awareness of camera based technologies, and increasing sale of high end vehicles, are the major trends of global automotive surround view system market. As per MRFR analysis, the global automotive surround view system market is expected to grow at the CAGR of approximately 9.6% by the end of forecast period.
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Market Research Analysis:
Geographically, the global automotive surround view system market has been segmented as North America, Europe, Asia Pacific and Rest of the World. Among all regions, European region is expected to dominate the global market by region, owing to the presence of several major automotive manufacturers and technological advancements. North America is the second leading region, owing to the strict regulations on driver safety, and growing awareness. However, Asia Pacific is the third leading region in terms of revenue. China, Japan and India are the major countries that will create ample growth opportunities in near future. Moreover, the Asia Pacific region is expected to be the fastest growing region due to emerging economies.
The prominent players in the automotive surround view system market include Magna International (Canada), Valeo (France), Continental AG (Germany), Texas Instruments (US), Fujitsu (Japan), Denso (Japan), Renesas Electronics Corporation (Japan), Clarion Technologies (Japan), Aisin Seiki (Japan), Xylon – logicBRICKS (Germany), Ambarella (US), Bosch Mobility Solutions (Germany) and others.
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Scope of the Report:
This study provides an overview of the global automotive surround view system market, tracking four market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global automotive surround view system market by type, by camera functioning, by vehicle type, by end market and by regions.
- 4 Camera
- 6 Camera
By Camera Functioning
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
By End Market
- North America
- Asia Pacific
- Rest of the World
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