In-Vehicle Video Surveillance Market Demographical MRFR Industry Segment
Market Scenario:
The rise in security concerns has led to increasing
adoption of surveillance systems in automobiles. Market Research Future has
unfolded in its analysis that the global In-Vehicle Video Surveillance Market is expected to thrive at a CAGR of 26% across the
assessment period 2017 to 2023. The market is also estimated to value at USD
5.6 Bn by the end of the evaluation period.
Rising demand for both passenger and commercial
automobiles is anticipated to catalyze the expansion of the in-vehicle video
surveillance market over the next couple of years. Increasing applications of
the product while driving has led to its accelerated adoption across the
automotive industry. The trend is assessed to perpetuate in the years to come.
Increasing implementation of vehicle safety
regulation across the world supports the deployment of vehicle surveillance
systems. It is projected to motivate the growth trajectory of the global
in-vehicle video surveillance market over the forecast period. Increasing cases
of road accidents are also prognosticated to lead the expansion of the market
over the next few years.
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Competitive
Outlook:
Bosch Group (Germany),
Delphi Automotive PLC (U.K.), Zhejiang Dahua Technology Co. Ltd. (China),
Advantech Co. Ltd. (Taiwan), Amplicon Liveline Ltd. (UK), Hangzhou Hikvision
Digital Technology Co. Ltd. (China), Nexcom International Co. Ltd. (Taiwan),
Seon (Canada), and FLIR System Inc. (U.S.) are some of the major players of the
in-vehicle video surveillance market. market participants are expected to
invest in next-gen technologies to gain an edge over competitors. In addition,
the focus is also on the expansion of regional footprints, which is supposed to
motivate the competitiveness in the in-vehicle video surveillance market over
the next couple of years. Approaches such as mergers & acquisitions,
product innovations, agreements, etc. are poised to be witnessed in the
upcoming years.
Segmentation:
The segments of the global in-vehicle video
surveillance market, based on solution, are blind spot detection system, lane
departure warning system, parking assist system, head up display device, and
GPS. The GPS segment is likely to expand at a rapid pace over the next few years.
It resonates strong growth potential and is expected to dominate a considerable
fraction of the market in the years to come.
On the basis of vehicle type, the in-vehicle video
surveillance market has been bifurcated into commercial and passenger.
Application-wise the global in-vehicle video
surveillance market has been segmented into longstop object detection, traffic
congestion, law enforcement, and others.
Regional
Analysis:
The regional segments
profiled in the geographic evaluation of the in-vehicle video surveillance
market are North America, Asia Pacific (APAC), Europe, and the Rest of the
World (RoW). North America holds the largest share of the global market and is
likely to maintain its prominence over the next few years. The adoption of
advanced technologies at an early stage is likely to boost the growth of the
in-vehicle video surveillance market in the region through the assessment
period. Europe is assessed to train North America market over the next few
years. Rising implementation of favorable safety laws is poised to encourage
expansion of the regional market in the foreseeable future. Asia Pacific is
likely to witness substantial growth over the next few years and is expected to
maintain its position at the third spot across the evaluation period.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued…
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