Global Automotive Surround View Systems Market to Grow at 14.8% During 2024-2032, Stimulated by Increasing Incidences of Road Accidents

December 26, 2019 | Automotive Industry

As per the latest report by IMARC Group, titled “Automotive Surround View Systems Market Report by Type (Touch Screen Control, Infrared Remote Control, and Others), Functioning (Automatic, Manual), Vehicle Type (Commercial Vehicles, Passenger Vehicles), End-User (Aftermarket, OEMs), and Region 2024-2032”, the global automotive surround view systems market is expected to grow at a CAGR of 14.8% during 2024-2032. An automotive surround view system is an emerging advanced driver assistance system (ADAS) technology, which enables the driver to see 360 degrees around the vehicle via an LCD screen. It generally comprises four to six wide-angle cameras that are mounted on the vehicle to enhance the comfort, convenience and safety of the driver. The inputs of these cameras synthesize a composite bird-eye view of the vehicle, which is displayed to the driver in real-time. It helps in parking, checking the blind-spots while changing lanes, monitoring the area around the vehicle and recognizing pedestrians, and warning the driver or stopping the vehicle in critical situations, thereby reducing the risk of accidents.

Global Automotive Surround View Systems Market Trends:

According to the Global Status Report on Road Safety - 2018 by the World Health Organization (WHO), road traffic injuries currently represent one of the leading causes of death for children and young adults. Consequently, the strengthening of the legislation for mitigating key risk factors has been recognized by most governments worldwide to improve road safety. This, in turn, has escalated the demand for advanced safety devices, such as automotive surround view systems, across the globe. Apart from this, advancements in the ADAS technologies have boosted the overall sales of automotive surround view systems. Furthermore, some of the leading players in the industry are financing research and development (R&D) activities to introduce surround view systems with advanced features and higher accuracy.

Market Summary:

  • Based on the type, the market has been segmented into touch screens, infrared remotes and other controls.
  • On the basis of the functioning, the market has been bifurcated into automatic and manual segments. At present, the automatic segment exhibits a clear dominance in the market.
  • The market has been analyzed on the basis of the vehicle type into commercial and passenger vehicles. Passenger vehicles currently account for the majority of the total market share.
  • Based on the end-user, the market has been divided into aftermarket and original equipment manufacturers (OEMs). The OEMs segment dominates the market, holding the largest market share.
  • Region-wise, Europe enjoys the leading position in the market. Other major regions include North America, Asia Pacific, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has been examined, with some of the key players being Valeo SA, Magna International Inc., Continental AG, Clarion Co. Ltd., Denso Corporation, Renesas Electronics Corporation, Aisin Seiki Co., Ltd., Texas Instruments, Ambarella Inc., Robert Bosch GmbH, Xylon d.o.o. and Mobileye Vision Technologies Ltd.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

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Global Automotive Surround View Systems Market to Grow at 14.8% During 2024-2032, Stimulated by Increasing Incidences of Road Accidents
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