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Automotive Surround View Systems Market by Vehicle Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 120
  • SKU: IRTNTR45898
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The automotive surround view systems market share is expected to increase by USD 9.60 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 15.74%.

This automotive surround view systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive surround view systems market segmentation by type (passenger cars and commercial vehicles) and geography (Europe, North America, APAC, the Middle East and Africa, and South America). The automotive surround view systems market report also offers information on several market vendors, including Advanced Micro Devices Inc., Ambarella Inc., BorgWarner Inc., Continental AG, FURUKAWA Co. Ltd, Gazer Ltd., Intel Corp., Kocchi Technology Hong Kong Ltd., Magna International Inc., NXP Semiconductors NV, OMNIVISION Technologies Inc., Orlaco Products BV, Renesas Electronics Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd, Spillard Safety Systems Ltd., Stellantis NV, Texas Instruments Inc., and Valeo SA among others.

What will the Automotive Surround View Systems Market Size be During the Forecast Period?

Automotive Surround View Systems Market Size

Download Report Sample to Unlock the Automotive Surround View Systems Market Size for the Forecast Period and Other Important Statistics

 

Automotive Surround View Systems Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The advancements in technology leading to affordable camera-assisted safety technologies is notably driving the automotive surround view systems market growth, although factors such as the low adoption rate of ADAS due to high prices and difficulty of use may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive surround view systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Surround View Systems Market Driver

One of the key factors driving growth in the global automotive surround view systems market is advancements in technology leading to affordable camera-assisted safety technologies. The new automotive applications, such as ADAS and other systems, make use of advanced electronic systems and components. In addition, changing consumer demands and the need for safety and comfortable driving are driving the market for such systems. Moreover, with safety being mandated by governments and ratified by automotive OEMs in recent times, there has been a major push in the safety and infotainment/interior electronics space. Furthermore, the increased disposable income of customers and their preference for advanced systems have also fueled developments in the safety and emergency systems and display space in the automotive interior and exterior electronics spaces. The increasing demand for safety, convenience, and comfort in vehicles promises to drive the automotive surround view systems industry in the forthcoming years. In addition, the gradually decreasing development and production costs, with the availability of the latest technologies, will also push the global automotive surround view systems market toward growth.

Key Automotive Surround View Systems Market Trend

The development of high-resolution cameras is another factor supporting the global automotive surround view systems market growth. High-tech fish-eye front- and rear-mounted cameras and those in the mirrors provide a complete perspective through multiple processors that stitch all the images to provide a single image. Hence, the visual quality of the images is improved by applying a wide dynamic range (WDR) imaging algorithm. For instance, in November 2021, Continental introduced the next generation of its innovative surround view camera technology. The new ProViu 360 2nd Generation Surround View System delivers a full digital capability that gives sharper and higher quality images in HD resolution. Therefore, the drivers can easily and safely monitor their entire vehicles and their surroundings at a single glance. Furthermore, due to the evolution of technology, automotive surround view systems these days do not have blind spots and can spin around inside the car if necessary. Such factors will further drive the growth of the market during the forecast period.

Key Automotive Surround View Systems Market Challenge

The low adoption rate of ADAS due to high prices and difficulty of use will be a major challenge for the global automotive surround view systems market during the forecast period. Consumers have been slow to adopt many of the ADAS features, despite their availability because they are unwilling to pay the high prices. Moreover, it has been recognized that the safety impact of these ADAS technologies often falls short of the expected benefits because drivers change their behavior as they integrate these new support systems into their driving routine. Furthermore, it is important to ensure that the driving public does not associate unrealistic expectations with these new assistive technologies. Drivers must understand that the increased automation in vehicles through ADAS technologies does not release them of their responsibility to drive the vehicle safely. They should also be aware of the conscious and unconscious behavioral changes that can occur in their driving. Therefore, the low adoption rate of ADAS due to high prices and difficulty of use will restrict the growth of the global automotive surround view systems market during the forecast period.

This automotive surround view systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive surround view systems market as a part of the global automotive components and accessories market within the global auto components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive surround view systems market during the forecast period.

Who are the Major Automotive Surround View Systems Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Advanced Micro Devices Inc.
  • Ambarella Inc.
  • BorgWarner Inc.
  • Continental AG
  • FURUKAWA Co. Ltd
  • Gazer Ltd.
  • Intel Corp.
  • Kocchi Technology Hong Kong Ltd.
  • Magna International Inc.
  • NXP Semiconductors NV
  • OMNIVISION Technologies Inc.
  • Orlaco Products BV
  • Renesas Electronics Corp.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd
  • Spillard Safety Systems Ltd.
  • Stellantis NV
  • Texas Instruments Inc.
  • Valeo SA

 

This statistical study of the automotive surround view systems market encompasses successful business strategies deployed by the key vendors. The automotive surround view systems market is fragmented and the vendors are deploying growth strategies such as functionality, reliability, and accuracy to compete in the market.

Product Insights and News

  • amd.com - The company offers ultra-low thermal shrinkage glass substrate for display.
  • amd.com - Through this segment, the company offers architectural and automotive glasses for respective industries. Through this segment, the company offers glass substrates for TFT-LCDs and OLEDs, specialty glass for display applications, glass for photovoltaic devices, and fabricated glass for industrial use.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive surround view systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Surround View Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive surround view systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Automotive Surround View Systems Market?

Automotive Surround View Systems Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

46% of the market’s growth will originate from Europe during the forecast period. Germany is the key market for automotive surround view systems in Europe. Market growth in this region will be faster than the growth of the market in other regions.

The high-volume sales of premium and luxury vehicles, which comes equipped with ADAS will facilitate the automotive surround view systems market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the market witnessed a downturn in growth due to the outbreak of COVID-19. The imposition of social distancing norms led to the closure of more than 67 automobile manufacturing plants in Brazil. For instance, Ford Argentina's sales declined by 41% to 1,180 units in May 2021 when compared to those in May 2020. However, in 2021, the decline in COVID-19 cases amid the increasing vaccination rate showed the mark of the pandemic recovery in the region. Also, the demand for EVs has been accelerating in the region. Therefore, all these factors will drive the automotive industry market in the region, which will positively impact the market in focus during the forecast period.

What are the Revenue-generating Type Segments in the Automotive Surround View Systems Market?

Automotive Surround View Systems Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The automotive surround view systems market share growth by the passenger cars segment will be significant during the forecast period. OEMs are adding more camera-based safety systems in passenger cars with a view to addressing passenger and pedestrian safety. The segment includes high-end, mid-end, and entry-level passenger cars. The luxury segment and luxury SUVs represent heavy consumers of automotive surround view systems that enhance vehicle safety.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive surround view systems market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Surround View Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 15.74%

Market growth 2022-2026

$ 9.60 billion

Market structure

Fragmented

YoY growth (%)

15.36

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

Europe at 46%

Key consumer countries

US, China, Japan, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Advanced Micro Devices Inc., Ambarella Inc., BorgWarner Inc., Continental AG, FURUKAWA Co. Ltd, Gazer Ltd., Intel Corp., Kocchi Technology Hong Kong Ltd., Magna International Inc., NXP Semiconductors NV, OMNIVISION Technologies Inc., Orlaco Products BV, Renesas Electronics Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd, Spillard Safety Systems Ltd., Stellantis NV, Texas Instruments Inc., and Valeo SA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Surround View Systems Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive surround view systems market growth during the next five years
  • Precise estimation of the automotive surround view systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive surround view systems industry across Europe, North America, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive surround view systems market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Vehicle Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Vehicle Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Vehicle Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Vehicle Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Vehicle Type
      • Exhibit 26: Chart on Comparison by Vehicle Type
      • Exhibit 27: Data Table on Comparison by Vehicle Type
    • 5.3 Passenger cars - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Passenger cars - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Passenger cars - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Passenger cars - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Passenger cars - Year-over-year growth 2021-2026 (%)
    • 5.4 Commercial vehicles - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Commercial vehicles - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Commercial vehicles - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Vehicle Type
      • Exhibit 36: Market opportunity by Vehicle Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 UK - Market size and forecast 2021-2026
      • Exhibit 66: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Ambarella Inc.
              • Exhibit 89: Ambarella Inc. - Overview
              • Exhibit 90: Ambarella Inc. - Product / Service
              • Exhibit 91: Ambarella Inc. - Key offerings
            • 10.4 BorgWarner Inc.
              • Exhibit 92: BorgWarner Inc. - Overview
              • Exhibit 93: BorgWarner Inc. - Business segments
              • Exhibit 94: BorgWarner Inc. - Key news
              • Exhibit 95: BorgWarner Inc. - Key offerings
              • Exhibit 96: BorgWarner Inc. - Segment focus
            • 10.5 Continental AG
              • Exhibit 97: Continental AG - Overview
              • Exhibit 98: Continental AG - Business segments
              • Exhibit 99: Continental AG - Key news
              • Exhibit 100: Continental AG - Key offerings
              • Exhibit 101: Continental AG - Segment focus
            • 10.6 FURUKAWA Co. Ltd
              • Exhibit 102: FURUKAWA Co. Ltd - Overview
              • Exhibit 103: FURUKAWA Co. Ltd - Business segments
              • Exhibit 104: FURUKAWA Co. Ltd - Key offerings
              • Exhibit 105: FURUKAWA Co. Ltd - Segment focus
            • 10.7 Gazer Ltd.
              • Exhibit 106: Gazer Ltd. - Overview
              • Exhibit 107: Gazer Ltd. - Product / Service
              • Exhibit 108: Gazer Ltd. - Key offerings
            • 10.8 Intel Corp.
              • Exhibit 109: Intel Corp. - Overview
              • Exhibit 110: Intel Corp. - Business segments
              • Exhibit 111: Intel Corp. - Key news
              • Exhibit 112: Intel Corp. - Key offerings
              • Exhibit 113: Intel Corp. - Segment focus
            • 10.9 Kocchi Technology Hong Kong Ltd.
              • Exhibit 114: Kocchi Technology Hong Kong Ltd. - Overview
              • Exhibit 115: Kocchi Technology Hong Kong Ltd. - Product / Service
              • Exhibit 116: Kocchi Technology Hong Kong Ltd. - Key offerings
            • 10.10 Magna International Inc.
              • Exhibit 117: Magna International Inc. - Overview
              • Exhibit 118: Magna International Inc. - Business segments
              • Exhibit 119: Magna International Inc. - Key news
              • Exhibit 120: Magna International Inc. - Key offerings
              • Exhibit 121: Magna International Inc. - Segment focus
            • 10.11 NXP Semiconductors NV
              • Exhibit 122: NXP Semiconductors NV - Overview
              • Exhibit 123: NXP Semiconductors NV - Product / Service
              • Exhibit 124: NXP Semiconductors NV - Key news
              • Exhibit 125: NXP Semiconductors NV - Key offerings
            • 10.12 Stellantis NV
              • Exhibit 126: Stellantis NV - Overview
              • Exhibit 127: Stellantis NV - Business segments
              • Exhibit 128: Stellantis NV - Key news
              • Exhibit 129: Stellantis NV - Key offerings
              • Exhibit 130: Stellantis NV - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 131: Inclusions checklist
                • Exhibit 132: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 133: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 134: Research methodology
                • Exhibit 135: Validation techniques employed for market sizing
                • Exhibit 136: Information sources
              • 11.5 List of abbreviations
                • Exhibit 137: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Automotive Surround View Systems market growth will increase by $9605.13 million during 2022-2026.
              The automotive surround view systems market is expected to grow at a CAGR of 15.74% during 2022-2026.
              Technavio has segmented the automotive surround view systems market by vehicle type (Passenger cars and Commercial vehicles) and geographic (Europe, North America, APAC, Middle East and Africa, and South America).
              Advanced Micro Devices Inc., Ambarella Inc., BorgWarner Inc., Continental AG, FURUKAWA Co. Ltd, Gazer Ltd., Intel Corp., Kocchi Technology Hong Kong Ltd., Magna International Inc., NXP Semiconductors NV, OMNIVISION Technologies Inc., Orlaco Products BV, Renesas Electronics Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd, Spillard Safety Systems Ltd., Stellantis NV, Texas Instruments Inc., Valeo SA are a few of the key vendors in the automotive surround view systems market.
              Europe will register the highest growth rate of 46.15% among the other regions. Therefore, the automotive surround view systems market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automotive surround view systems market growth are:
              • Advancements in technology leading to affordable camera-assisted safety technologies
              • Development of high-resolution cameras
              The automotive surround view systems market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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