A recently-released report from 6418 MarketsandMarkets indicates that the global vehicle surveillance market is expected to grow from US$49.93 billion in 2015 to US$103.21 billion by 2022, at a CAGR of 11.1 per cent between 2016 and 2022.
Factors such as regulations in different countries for compulsory driver assistance or passenger safety products, the wide range of advantages of in-vehicle surveillance systems, increasing sales of premium cars and the increase in traffic fatalities demand greater traffic control solutions drive the vehicle surveillance market.
The report concludes that the in-vehicle surveillance will 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 outside-vehicle surveillance is also expected to grow at a significant rate between 2016 and 2022.
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 as948 General Motors, 278 Ford and 1958 Chrysler. Moreover, the US is one of the largest end users of passenger cars and commercial vehicles. Changes in buying patterns, positive trends in the growth of the economy and a growing awareness of driver and vehicle safety are factors which are encouraging the growth of the in-vehicle surveillance market in Asia-Pacific.
Within the report, 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 outside-vehicle surveillance market is segmented on the basis of hardware, software, and services The scope of the report covers detailed information on the major factors influencing the growth of the vehicle surveillance market such as drivers, restraints, important issues, and opportunities, as well as a detailed analysis of the key industry players.
Factors such as regulations in different countries for compulsory driver assistance or passenger safety products, the wide range of advantages of in-vehicle surveillance systems, increasing sales of premium cars and the increase in traffic fatalities demand greater traffic control solutions drive the vehicle surveillance market.
The report concludes that the in-vehicle surveillance will 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 outside-vehicle surveillance is also expected to grow at a significant rate between 2016 and 2022.
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
Within the report, 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 outside-vehicle surveillance market is segmented on the basis of hardware, software, and services The scope of the report covers detailed information on the major factors influencing the growth of the vehicle surveillance market such as drivers, restraints, important issues, and opportunities, as well as a detailed analysis of the key industry players.
