24 December 2019 - Global Automotive
Surround-View Systems Market is
anticipated to witness an exponential growth in the forecast period. The
automotive surround view system puts collectively a bird's eye view of the
vehicle/car, by displaying all the sides of the car on the car's display
screen. It is a developing automotive advanced driver assistance system (ADAS)
technology that supports low speed vehicle maneuvers, such as slow curb side
driving or while parking the vehicle.
The
factors that propel the growth of the market include growing use of automotive
driver assistance system technology, increased expenditure on research &
development in automotive industry, and rising safety concern among end users.
On the other hand, there are factors that may hamper the growth of the market
including higher installation price, and stringent government regulations on
getting NOC for connection of this technology into vehicle. Automotive
surround-view system market is anticipated to expand at a significant CAGR in
the upcoming period as the scope, product types, and its applications are
increasing across the globe.
The
market could be explored by type, functioning, vehicle type, end user and
geography. Market could be explored by type as 4 cameras, 6 cameras and others.
The “4 cameras” segment led the market in 2017 and will continue to lead in the
forecast period. 4 cameras are followed by 6 cameras segment is the forecast
period.
Based
on functioning, the market could span automatic and manual. The “Automatic”
segment led the automotive surround-view systems market in 2017 and will
continue to lead in the forecast period. The market could be explored based on
vehicle type as passenger vehicles and commercial vehicles. The “Passenger
vehicles” segment led the market in 2017 and will continue to lead in the
forecast period. The key factors attributed to the growth of market include
increasing sales of passenger cars and increasing demand.
The
market could be explored by End user as OEMs and Aftermarket. The “OEMs”
segment led the market in 2017 and is anticipated to maintain its dominance in
the forecast period. OEMs segment is followed by aftermarket.
Europe
accounted for the major share of the automotive surround-view systems industry
in 2017 and will continue to lead in the forecast period. The factors that
could be attributed to the growth include presence of numerous key automotive
manufacturers, high demand for progressive safety systems and technical
developments. Europe is followed by North American region owing to stringent
rule on driver safety and growing consciousness. North America is followed by
the Asia-Pacific region due to developing economies.
Some
of the key players that fuel the growth of the automotive surround-view systems
market comprise Continental, Valeo, Ambarella, Fujitsu, Delphi Automotive,
Clarion, Mobileye, Texas Instruments, Spillard Safety Systems, Omni Vision
Technologies and Renesas Electronics Corporation and Xilinx. The leading
companies are taking up partnerships, mergers and acquisitions, and joint
ventures in order to boost the inorganic growth of the industry.
Market Segment:
Leading players of Automotive
Surround-View Systems including:
•
Valeo
•
Magna
•
Continental
•
Denso
•
Aisin
•
Mobis
•
Fujitsu
•
Clarion
•
SL
•
Good Driver
•
Percherry
Market split by Type, can be divided
into:
•
4 Cameras Type
•
6 Cameras Type
•
Other
Market split by Application, can be
divided into:
•
OEM
•
Aftermarket
Market split by Sales Channel, can be
divided into:
•
Direct Channel
•
Distribution Channel
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