Automotive Surround-View Systems Market Segmentation, Industry Outlook and Forecasts, 2013 - 2028
The factors that propel the growth of the Automotive Surround-View Systems Market include growing use of automotive driver assistance system technology, increased expenditure on research & development in automotive industry, and rising safety concern among end users.
(firmenpresse) - Global automotive surround-view systems market is anticipated to witness an exponential growth in the forecast period. The automotive surround view system puts collectively a bird''s eye view of the vehicle/car, by displaying all the sides of the car on the car''s display screen. It is a developing automotive advanced driver assistance system (ADAS) technology that supports low speed vehicle maneuvers, such as slow curb side driving or while parking the vehicle.
The factors that propel the growth of the market include growing use of automotive driver assistance system technology, increased expenditure on research & development in automotive industry, and rising safety concern among end users. On the other hand, there are factors that may hamper the growth of the market including higher installation price, and stringent government regulations on getting NOC for connection of this technology into vehicle. Automotive surround-view system market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
The market could be explored by type, functioning, vehicle type, end user and geography. Market could be explored by type as 4 cameras, 6 cameras and others. The
Based on functioning, the market could span automatic and manual. The egment led the market in 2017 and will continue to lead in the forecast period. The key factors attributed to the growth of market include increasing sales of passenger cars and increasing demand.
The market could be explored by End user as OEMs and Aftermarket. The
Europe accounted for the major share of the automotive surround-view systems industry in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include presence of numerous key automotive manufacturers, high demand for progressive safety systems and technical developments. Europe is followed by North American region owing to stringent rule on driver safety and growing consciousness. North America is followed by the Asia-Pacific region due to developing economies.
Some of the key players that fuel the growth of the automotive surround-view systems market comprise Continental, Valeo, Ambarella, Fujitsu, Delphi Automotive, Clarion, Mobileye, Texas Instruments, Spillard Safety Systems, Omni Vision Technologies and Renesas Electronics Corporation and Xilinx. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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