According to IMARC Group’s latest report, titled “Automotive Surround View Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global automotive surround view systems market reached a value of US$ 1.5 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 18% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Automotive surround view systems are an intelligent camera system that enable drivers to view 360 degrees of the surroundings to ensure safety while parking. These systems offer the view of the vehicle on the LCD screen form that is fixed in the car dashboard. Removing the blind spots, lowering distractions of the driver and improving traffic safety are some of the key benefits associated with the installation of these systems on automobiles. Currently, these systems are commercially available in various types, such as touch screens and infrared remote control.
The introduction of technologically advanced automotive driver assistance systems (ADAS) is one of the key factors driving the global automotive surround view systems market growth. Additionally, increasing investments in research and development (R&D) activities and the significant expansion in the automotive industry are providing lucrative opportunities to the key players, which, in turn, is creating a positive outlook for the market.
Automotive Surround View Systems Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the Automotive Surround View Systems Market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the Automotive Surround View Systems Market on the basis of type, functioning, vehicle type, end-User and region.
Breakup by Type:
- Touch Screen Control
- Infrared Remote Control
- Others
Breakup by Functioning:
- Automatic
- Manual
Breakup by Vehicle Type:
- Commercial Vehicles
- Passenger Vehicles
Breakup by End-User:
- Aftermarket
- OEMs
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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