Automotive Surround View Systems Market to record USD 9.60 Bn growth — Driven by advancements in technology leading to affordable camera-assisted safety technologies

NEW YORK, September 12, 2022 /PRNewswire/ — Automotive Surround View Systems Market Size Expected to Grow by $9.60 billion, accelerating at a CAGR of 15.74% between 2021 and 2026. The report considers various aspects such as consumer base, adoption rate, average selling price, revenue generated by vendors and various others factors to estimate the market size. The report provides detailed analysis of the driver, trends, and challenges influencing market growth. Download sample PDF report here

Technavio has announced its latest market research report titled Automotive Surround View Systems Market by Vehicle Type and Geography – Forecast and Analysis 2022-2026

The market is primarily driven by technological advancements leading to affordable camera-assisted security technologies. Factors such as changing consumer demands and the need for safety and convenience have increased the penetration of automotive technologies such as ADAS and other systems. Additionally, increasing customer disposable incomes and government security regulations have fueled the development of security and emergency systems.

However, the higher cost of these systems hindered their adoption. Consequently, some of the major automotive OEMs are focusing on developing low-cost, lightweight digital camera solutions and technologies that use Low Voltage Differential Signaling (LVDS) rather than traditional copper wires. Thus, with the gradual decrease in development and production costs and the availability of latest technologies, the market is expected to witness considerable growth over the forecast period.

According to Technavio, the development of high resolution cameras will positively impact the market and contribute significantly to its growth over the forecast period. This research report also analyzes other important trends and market drivers that will influence the growth of the market.

Automotive peripheral vision systems market: development of high-resolution cameras

Market vendors are focusing on developing high-resolution cameras to help drivers monitor their vehicles safely. For example, in November 2021, Continental introduced its innovative next-generation panoramic camera technology. The new ProViu 360 2nd Generation Surround Viewing System offers full digital capability that delivers sharper, higher quality images in HD resolution. Such developments among the vendors are expected to have a positive impact on the growth of the global automotive surround view systems market over the forecast period.

Automotive Peripheral Vision Systems Market: Segmentation Analysis

This market research report segments the automotive surround view systems market by type (passenger cars and commercial vehicles) and geographical (Europe, North AmericaAPAC, the Middle East and Africaand South America).

European region led the automotive surround view system market in 2022, followed by North AmericaAPAC, the Middle East and Africaand South America respectively. During the forecast period, the European region is expected to register the highest incremental growth. The presence of leading car manufacturers such as Jaguar, Bentley, BMW, Audi, Mercedes-Benz and Volvo has made the region the largest market for automotive surround view systems. Additionally, factors such as growing automobile sales, new product launches, vehicle electrification, and government initiatives for electric vehicles are driving the growth of the regional market.

Technavio’s sample reports are free and contain several sections of the report, such as market size and forecast, drivers, challenges, trends, etc. Request a sample report here

Some of the main topics covered in the report include:

Market factors

Market challenges

Market trends

Supplier Landscape

Related reports:

Automotive Peripheral Vision Systems Market Scope

Report cover

Details

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

$9.60 billion

Market structure

Fragmented

Annual growth (%)

15.36

Regional analysis

Europe, North America, APAC, Middle East and Africa and South America

Successful market contribution

Europe at 46%

Main consumer countries

United States, China, Japan, United Kingdom and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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. and Valeo SA

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents:

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Vehicle Type

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

11 Appendix

About Technavio

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

contacts

Technavio Research
Jesse Maida
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E-mail: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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