Global Commercial Vehicle Surround View Systems Market 2018-2022

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

• LCVs
• M&HCVs

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

• Americas
• APAC
• EMEA

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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