Automotive Surround View Systems Market Share, Size, Growth, Demand and Forecast Till 2026by Chris jackson Market Research
According to IMARC Group’s recently published report titled “Global Automotive Surround View Systems Market Size, Share, Price Trends and Forecast 2020-2025”, the market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 18% during 2021-2026.
Base Year: 2020
Forecast Year: 2021-2026
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The automotive surround view systems include smart camera devices that provide a full 360° view around the vehicle on an LCD screen placed on the dashboard. These systems assist the driver to park and easily maneuverer the vehicle on congested roads. Automotive surround view systems offer several other benefits, such as allowing the driver to visualize sharply on all sides, eliminating the blind spots, reducing driver disturbances, and enhancing traffic safety. As a result, they are widely installed in both passenger and commercial vehicles.
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Global Automotive Surround View System Market Trends:
The growing number of road accidents, along with the increasing concerns towards passenger safety, has propelled the demand for automotive surround view systems. Furthermore, the rising consumer awareness towards several benefits of automotive surround view system as it provides a real-time bird’s-eye view of the vehicle and its surroundings by mitigating the risk of collisions has also catalyzed the market. Additionally, the introduction of stringent government regulations for controlling the casualty rate due to road accidents is also propelling the market growth. Apart from this, several technological advancements have led to the integration of high-resolution cameras and sonar-based devices with automotive surround view systems, which are further expected to drive the global market in the coming years.
Global Automotive Surround View Systems Market Segmentation:
- Market Breakup by Type:
- Touch Screen Control
- Infrared Remote Control
- Market Breakup by Functioning:
- Market Breakup by Vehicle Type:
- Commercial Vehicles
- Passenger Vehicles
- Market Breakup by End-User:
- Market Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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Created on May 14th 2021 06:33. Viewed 81 times.