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The global automotive surround view systems market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 18% during 2021-2026. 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 on different end-use sectors. 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 automotive surround view systems industry in any manner.
IMARC Group provides an analysis of the key trends in each sub-segment of the global biodegradable cutlery market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, functioning, vehicle type and end-user.
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Market Breakup by End-User:
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The report has also analysed the competitive landscape of the market with some of the key players Valeo, Magna International, Continental AG, Clarion, Denso, Renesas Electronics, Aisin Seiki, Texas Instruments, Ambarella, Bosch Mobility Solutions, Xylon – logicBRICKS, Renesas Electronics, Mobileye, etc.
According to the estimates by IMARC Group, the global automotive surround view systems market is expected to witness a CAGR of 18% from 2021 to 2026.
Due to the growing road traffic, there is a significant rise in the demand for advanced safety devices, such as automotive surround view systems, which represents one of the key drivers for the global automotive surround view systems market.
The rising integration of automotive surround view systems with several advanced technologies, such as AI, IoT, machine learning, etc., represents one of the key trends in the global automotive surround view systems market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous automotive manufacturing units, thereby negatively impacting the demand for automotive surround view systems.
On the basis of the type, the market has been bifurcated into touch screen control, infrared remote control, and others. Currently, touch screen control holds the majority of the total market share.
On the basis of the functioning, the market has been divided into automatic functioning and manual functioning. Among these, automatic functioning represents the largest segment.
On the basis of the vehicle type, the market has been bifurcated into commercial vehicles and passenger vehicles. Among these, passenger vehicles exhibit a clear dominance in the market.
On the basis of the end-user, the market has been segmented into aftermarket and OEMs. At present, OEMs account for the majority of market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe dominates the global market.
The key companies in the global automotive surround view systems market are Valeo, Magna International, Continental AG, Clarion, Denso, Renesas Electronics, Aisin Seiki, Texas Instruments, Ambarella, Bosch Mobility Solutions, Xylon – logicBRICKS, Renesas Electronics, Mobileye, etc.
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