According to a recent study report published by Market Research Future (MRFR), the global Automotive Surround View Systems market is projected to grow over USD XXX MN by 2023, registering approximately 9.6% CAGR during the forecast period (2015 – 2023). Automotive Surround View Systems Market 2019 Global Forecast Research Report is a in depth professional analysis study on the Automotive Surround View Systems Industry
Automotive Surround View Systems Industry current, future and historical market data with Global Automotive Surround View Systems market opportunity and risk analysis with competitor market status, revenue, share, market drivers, cost structure analysis is included in this report.
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Automotive Surround View Systems Key Players Analyzed in Report:
The well-known competitors in the automotive surround view system market are Valeo (France), Continental AG (Germany), Aisin Seiki (Japan), Fujitsu (Japan), Denso (Japan), Renesas Electronics Corporation (Japan), Texas Instruments (US), Clarion Technologies (Japan), Magna International (Canada), Xylon – logicBRICKS (Germany), Ambarella (US), Bosch Mobility Solutions (Germany) and others.
Automotive Surround View Systems Market Highlights:
Automotive surround view system is one of the technologies that have been noticed and have given the automotive market growth momentum. Automotive surround view system is a technique, in which the embedded camera provides top view, rear view and panorama view to the driver. The functioning of the camera can be done either manually or automatically. This is an innovative and emerging automotive driver assistance system (ADAS) technology, which is expected to have remarkable growth rate during the forecast period.
The upsurge in spending on automobiles globally has appealed to development in its secondary sectors as well. Reports that investigate the automobile industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is predicted to exploit a CAGR of 9.6% in the course of the forecast.
The need to provide top view, rear view, and panorama view to the driver via an embedded camera is gaining acceptance in the market. Moreover, modernization of automotive driver assistance system (ADAS) technology is expected to set a positive tone for the development of the automotive surround view system market. The escalating safety concerns among end-users is expected to benefit the global automotive surround view system market in the impending period.
During the last few years, the demand for automotive surround view systems, been increased, owing to its various advantages. As a result, the sales of new vehicles have advanced from the past years. Additionally, the growing use of automotive driver assistance system technology has also boosted the demand for automotive surround view system.
Moreover, increased spending on research & development in automotive industry, and growing safety concern among end users, are likely to fuel the demand for automotive surround view systems, among users. However, the higher installation cost, and strict government regulations on getting NOC for installation of this technology into vehicles, have majorly been restraining the growth of automotive surround view system market. The growing awareness of camera-based technologies, and increasing sale of high-end vehicles, are the major trends of global automotive surround view system market. As per MRFR analysis, the global automotive surround view system market is expected to grow at the CAGR of approximately 9.6% by the end of forecast period.
Automotive Surround View Systems Market Regional Overview:
The regional study of the automotive surround view system market includes regions such as Europe, North America, Asia Pacific, and Rest of the World.
Among the regions studied, the European region is likely to control the international market due to the incidence of numerous major automotive producers and technological upgrades. The North American region is the next leading region, due to the strict directives on driver safety and growing awareness. However, Asia Pacific is the third leading region in terms of revenue. China, Japan and India are the major countries, which will create ample growth opportunities in the future. Moreover, the Asia Pacific region is expected to have the fastest growing region due to emerging economies.
Global Automotive Surround View Systems Market Segments:
The segmentation evaluation of the automotive surround view system market has been carried out based on camera functioning, end market, type, vehicle type, and region.
Based on the type, the automotive surround view system market has been segmented into 6 cameras, 4 cameras, and others. Among these, 4 camera surround view system is anticipated to direct the market trailed by 6 cameras segment.
Based on the camera functioning, the automotive surround view system market has been segmented into manual and automatic, of which, the automatic camera segment is projected to run the market, followed by manual camera functioning.
Based on the vehicle type, the automotive surround view system market has been segmented into commercial vehicles and passenger vehicles. The increasing sales of passenger cars are anticipated to dominate the passenger car segment
through the forecast period. Based on the end market, the automotive surround view system market has been segmented into aftermarket and OEMs. Though, the OEMs is dominating the market, followed by the aftermarket segment.
Based on the regions, the automotive surround view system market includes regions such as Europe, North America, Asia Pacific and Rest of the World.
How this report is helpful to your business?
- To study and analyze the global Automotive Surround View Systems market size (value and volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
- To understand the structure of Automotive Surround View Systems market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global Automotive Surround View Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Automotive Surround View Systems with respect to individual growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of Automotive Surround View Systems submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The market has developed an incremental pace in the past few years, which is highlighted by the achievements in terms of valuation. The development of the resources needed to sustain against competition has improved greatly leading to an unprecedented growth rate. The governments around the world have also played a substantial role in the growth of the market in recent years. The intensification of investors in the market has played a pivotal role in the progress of the market. The reduction in the barrier to trade is expected to offer new areas for growth in the upcoming years. Also, the competition being observed in the market is not detrimental to the individual player’s development in the market. The monetary inflows in the market are being directed towards increasing the innovations in the core product offering offered in the market so that the growth doesn’t stagnate in the forthcoming period.
Global Automotive Surround View Systems Market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. The Global Automotive Surround View Systems market development trends and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed, and overall research conclusions offered.
Other Key questions answered in the report:
- What will the market growth rate of Automotive Surround View Systems market?
- What are the key factors driving the Global Automotive Surround View Systems market?
- Who are the key manufacturers in Automotive Surround View Systems market space?
- What are the market opportunities, market risk and market overview of the Automotive Surround View Systems market?
- What are sales, revenue, and price analysis of top manufacturers of Automotive Surround View Systems market?
- Who are the distributors, traders and dealers of Automotive Surround View Systems market?
- What are sales, revenue, and price analysis by regions of Automotive Surround View Systems industries?
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
List Of Figures
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 SUPPLY CHAIN ANALYSIS
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