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The global automotive surround view systems market size reached US$ 3.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.9 Billion by 2027, exhibiting a growth rate (CAGR) of 17.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Automotive surround view systems refer to intelligent camera systems which provide a complete 360° view of the vehicle on an LCD screen that is placed on the dashboard. These systems play an important role in assisting the driver during parking and maneuvering the vehicle. They also offer other benefits such as enabling the driver to get a sharp view on all sides; removing the blind spots; lowering distractions of the driver and improving traffic safety. Over the years, these systems have evolved from low-resolution to high-resolution cameras, providing real-time bird’s-eye view of the vehicle and its surroundings. These advantages have significantly contributed to the installation of these systems in modern automobiles.
Advancements in the automotive advanced driver assistance systems (ADAS) technologies have led to an increase in the sales of automotive surround view systems. the manufacturers have increased research and development to develop surround view systems with higher accuracy and advanced features. For instance, they are offering sonar-based systems that judge the distance between obstacles and give the user a warning when an object comes near another object.
IMARC Group’s latest report provides a deep insight into the global automotive surround view systems market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global automotive surround view systems industry in any manner.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive surround view systems market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, functioning, vehicle type and end-user.
Breakup by Type:
Breakup by Functioning:
Breakup by Vehicle Type:
Breakup by End-User:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players Valeo SA, Magna International, Continental AG, Clarion, Denso, Renesas Electronics, Aisin Seiki, Texas Instruments, Ambarella, Robert Bosch GmbH, Xylon d.o.o., Mobileye Vision Technologies Ltd., etc.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Type, Functioning, Vehicle Type, End-User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | Valeo SA, Magna International, Continental AG, Clarion, Denso, Renesas Electronics, Aisin Seiki, Texas Instruments, Ambarella, Robert Bosch GmbH, Xylon d.o.o. and Mobileye Vision Technologies Ltd. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global automotive surround view systems market was valued at US$ 3.8 Billion in 2021.
We expect the global automotive surround view systems market to exhibit a CAGR of 17.4% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units for automotive surround view systems.
The rising demand for automotive surround view systems in assisting the driver to get a sharp view on all sides, removing the blind spots, lowering distractions of the driver, and improving traffic safety, is primarily driving the global automotive surround view systems market.
Based on the functioning, the global automotive surround view systems market can be categorized into automatic and manual. Currently, automatic functioning accounts for the majority of the global market share.
Based on the vehicle type, the global automotive surround view systems market has been segregated into commercial vehicles and passenger vehicles, where passenger vehicles currently hold the largest market share.
Based on the end user, the global automotive surround view systems market can be bifurcated into aftermarket and OEMs. Currently, OEMs exhibit a clear dominance in the market.
On a regional level, the market has been classified into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America, where Europe currently dominates the global market.
Some of the major players in the global automotive surround view systems market include Valeo SA, Magna International, Continental AG, Clarion, Denso, Renesas Electronics, Aisin Seiki, Texas Instruments, Ambarella, Robert Bosch GmbH, Xylon d.o.o., Mobileye Vision Technologies Ltd., etc.
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