Overview of the global commercial vehicle surround view systems market
Technavio’s market research analysts have identified the increasing adoption of advanced safety systems in commercial vehicles to be one of the primary growth factors for the commercial vehicle surround view systems market. To cater to the increasing traffic safety requirements to reduce the chances of fatal on-road collisions, vehicles are steadily being incorporated with ADAS. Commercial vehicles are extensively involved in accidents and fatalities, inducing commercial vehicle manufacturers to equip these vehicles with automotive surround view systems to increase safety and comfort of driving. With blind spots being one of the primary factors for collisions, the need for accurate safety aids such as car surround view camera systems will increase in the coming years. This will subsequently drive the growth of this market and according to our market research analysts, the market will grow steadily at a CAGR of almost 7% by 2022.
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The development of camera cleaning systems will be one of the key trends that will augment the growth of the commercial vehicle surround view systems market till the end of 2022. Camera-based technologies such as surround view systems, BSDs, or rear cross traffic alert systems, are used in monitoring road conditions and evaluating oncoming traffic. The cameras used in surround view systems are installed on the vehicle’s exterior to assist drivers in safe and comfortable driving. When subject to extreme weather conditions, images form these cameras appear to be distorted or unclear, increasing the risk of fatal accidents. This in turn drives the requirement for water jets to clean the camera lens to ensure clear images and optimum safety of the vehicle.
Companies covered
With the presence of a considerable number of surround view camera manufacturers, this market appears to be moderately fragmented. This market research report offers a comprehensive analysis of the market’s competitive landscape and also offers information on the products offered by companies. This report will aid companies in identifying new growth opportunities and designing growth strategies to sustain the competition.
This research report provides an analysis of the various companies in this market including –
- Ambarella
- Clarion
- Continental
- FUJITSU
- Valeo
Segmentation by application and analysis of the commercial vehicle surround view systems market
According to this market research report, LCVs will account for the major share of the surround view camera system market throughout the forecast period. Light commercial vehicles are equipped with surround view systems to provide the complete and accurate view while enhancing the safety of the vehicle along with the passengers.
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Geographical segmentation and analysis of the commercial vehicle surround view systems market
The Americas will be the major revenue contributor to the surround view camera system market throughout the forecast period. This market will grow steadily in this region due to the growing sales volume of commercial vehicles and demand for advanced commercial vehicle surround view system.
Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global commercial vehicle surround view systems market?
- What are the key market trends impacting the growth of the global commercial vehicle surround view systems market?
- What are the challenges to market growth?
- Who are the key vendors in the global commercial vehicle surround view systems market?
- What are the market opportunities and threats faced by the vendors in the global commercial vehicle surround view systems market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global commercial vehicle surround view systems market?
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 05: MARKET SIZING
- Market definition
- Market sizing 2017
- Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY APPLICATION
- Segmentation by application
- Comparison by application
- LCVs – Market size and forecast 2017-2022
- M&HCVs – Market size and forecast 2017-2022
- Market opportunity by application
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- EMEA – Market size and forecast 2017-2022
- Americas – Market size and forecast 2017-2022
- APAC – Market size and forecast 2017-2022
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Development of high-resolution cameras making using back-lit CMOS
- Development of camera cleaning systems for surround view systems
- Mirror-less camera technologies - Future of surround view systems
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Ambarella
- Clarion
- Continental
- FUJITSU
- Valeo
PART 15: APPENDIX