Technology Revolutionizes the Automotive surround view systems Industry: Forecasting Growth in 2030 and Beyond

Technology Revolutionizes the Automotive surround view systems Industry: Forecasting Growth in 2030 and Beyond

Market Outlook

According to MRFR analysis, the global Automotive Surround View Systems Market is expected to register a CAGR of ~ 9.6% from 2022 to 2030 and hold a value of over USD 1,500 Million by 2030.  Automotive surround view systems are intelligent camera systems that augment the safety mechanisms by manifolds. Automotive surround view systems are embedded with cameras that provide a rear view, top view, and landscape view to the driver.
The functioning of the camera can be done both automatically and the system is most obliging while parking.  Some other advantages of Automotive surround view systems market contain enabling the driver to get a sharp view on all sides; removing blind spots; lowering distractions for the driver and refining traffic safety. The COVID-19 outburst has widely disrupted the automotive industry. It has caused the closure of manufacturing facilities and a drop in sales volume. Furthermore, the demand for both commercial and passenger vehicles has shown a decay in 2020. This decay, as anticipated, will affect the surround-view system industry unfavorably, as vehicle production is straight proportional to the surround-view system industry. The budget allocation for RD is projected to reduce, which will hinder the innovation of automotive headrests., The companies, however, are taking protective measures to combat the contrary effects of the outbreak.

Regional Analysis

Europe dominates the automotive surround view systems market due to the existence of major key players in the region. However, Asia-Pacific will project the highest growth rate for the estimated period owing to the unparalleled growth of the automobile sector in this region.  

Market Segmentation

The Global Automotive Surround-View Systems Market has been segmented into Type, Functioning, Vehicle type, and End-user

Based on Type, The Global Automotive Surround-View Systems Market has been segmented into Touch Screen Control, Infrared Remote Control, and Others

Based on Functioning, The Global Automotive Surround-View Systems Market has been segmented into Automatic, and Manual

Based on Vehicle Type, The Global Automotive Surround-View Systems Market has been segmented into Commercial Vehicles and Passenger Vehicles

Based on End-User, The Global Automotive Surround-View Systems Market has been segmented into Aftermarket and OEMs

Key Players

Some of the key market players are Renesas Electronics Corporation (Japan), Clarion Technologies (Japan), Aisin Seiki (Japan), Xylon – logicBRICKS (Germany), Ambarella (US), Bosch Mobility Solutions (Germany), Magna International (Canada), Valeo (France), Continental AG (Germany), Texas Instruments (US), Fujitsu (Japan), and Denso (Japan)

Explore Trending Research Reports @

Automotive Suspension System Market

Automotive Braking System Market

Automotive Battery Thermal Management Market

Electric Power Steering System Market

 


aditya bhosale

99 Blog postovi

Komentari