The vehicle surveillance market is expected to grow
from USD 49.93 Billion in 2015 to USD 103.21 Billion by 2022, at a CAGR
of 11.1% between 2016 and 2022.The report aims to estimate the market
size and future growth potential of the vehicle surveillance market
across different segments such as products, vehicle types, and
geography.
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The base year considered for the study is 2015 and the market
size forecast is given for the period between 2016 and 2022. The growth
of the vehicle surveillance market would be primarily driven by factors
such as regulations in different countries mandating in-vehicle
surveillance products, benefits offered by in-vehicle surveillance
systems, increasing sales of premium cars, and the increase in traffic
fatalities which demands better traffic control solutions.
The vehicle surveillance market covers three major
markets, namely, in-vehicle surveillance, under-vehicle surveillance,
and out-vehicle surveillance. Factors such as regulations in different
countries for mandate of driver assistance or passenger safety products,
wide range of advantages of in-vehicle surveillance systems, increasing
sales of premium cars, and increase in traffic fatalities demand
greater traffic control solutions drive the vehicle surveillance market.
In-vehicle surveillance segment to play a key role in the vehicle surveillance market
The in-vehicle surveillance segment of the market is
expected to hold the largest share and dominate the vehicle surveillance
market between 2016 and 2022 because of the increase in implementation
of in-vehicle surveillance products such as parking assist systems,
active cruise control, navigation system, blind spot detection, and lane
departure warning systems in the different models of passenger cars or
commercial vehicles. The market for under-vehicle surveillance and
out-vehicle surveillance is also expected to grow at a significant rate
between 2016 and 2022.
North America and Europe to contribute the largest market share; APAC to grow at the highest rate in vehicle surveillance market
North America and Europe are expected to hold the
largest market share and dominate the vehicle surveillance market
between 2016 and 2022 owing to the presence of major automotive players
such as General Motors, Ford, and Chrysler. Moreover, the U.S. is one of
the largest end users of passenger cars and commercial vehicles. The
changes in buying pattern, positive trends in the economy growth, and
growing awareness toward driver and vehicle safety are the factors which
are encouraging the growth of the in-vehicle surveillance market in
Asia-Pacific.
The major players in the vehicle surveillance market
include Robert Bosch GmbH (Germany), Delphi Automotive PLC (U.K.), DENSO
Corporation (Japan), Continental AG (Germany), Magna International Inc.
(Canada), Autoliv Inc. (Sweden), Valeo SA (France), Honeywell Security
Group (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China),
Bosch Security Systems(U.S.), Zhejiang Dahua Technology Co., Ltd.
(China), FLIR Systems Inc. (U.S.),, COMM-PORT technologies (U.S.), Law
Enforcement Associates (U.S.), and SecuScan (Germany).
The report covers the vehicle surveillance market on
the basis of types such as in-vehicle surveillance, under-vehicle
surveillance, and out-vehicle surveillance. Furthermore, the in-vehicle
surveillance market is segmented on the basis of product type and
vehicle type; the under-vehicle market is segmented on the basis of
types; and the out-vehicle surveillance market is segmented on the basis
of hardware, software, and services The scope of the report covers
detailed information regarding the major factors influencing the growth
of the vehicle surveillance market such as drivers, restraints, burning
issues, and opportunities. A detailed analysis of the key industry
players has been done to provide insights into their business overview,
products and services, key strategies, new product launches, mergers
& acquisitions, partnerships, agreements, and collaborations and
recent developments associated with the vehicle surveillance market.
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