The Vehicle Surveillance Market Size 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 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.
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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.
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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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