Commercial Vehicle Surround View Systems

Commercial Vehicle Surround View Systems

Global Commercial Vehicle Surround View Systems Market to Reach US$1.8 Billion by 2030

The global market for Commercial Vehicle Surround View Systems estimated at US$1.3 Billion in the year 2024, is expected to reach US$1.8 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2024-2030. Light Commercial Vehicles (LCVs) End-Use, one of the segments analyzed in the report, is expected to record a 6.0% CAGR and reach US$1.1 Billion by the end of the analysis period. Growth in the Medium & Heavy Commercial Vehicles (M& HCVs) End-Use segment is estimated at 5.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$335.1 Million While China is Forecast to Grow at 5.7% CAGR

The Commercial Vehicle Surround View Systems market in the U.S. is estimated at US$335.1 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$283.8 Million by the year 2030 trailing a CAGR of 5.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.5% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Global Commercial Vehicle Surround View Systems Market - Key Trends and Drivers Summarized

How Are Commercial Vehicle Surround View Systems Transforming Road Safety?

Commercial vehicle surround view systems are sophisticated camera-based technologies designed to enhance driver visibility and safety by providing a comprehensive, 360-degree view of the vehicle`s surroundings. Utilizing multiple cameras positioned around the vehicle, typically on the front, rear, and sides, these systems capture images that are stitched together in real-time to produce a seamless, bird’s-eye perspective displayed on the driver’s monitor. This panoramic view allows drivers of large vehicles—such as trucks, buses, and delivery vans—to see areas that would otherwise be in their blind spots, aiding them in maneuvering more safely, especially in tight or crowded spaces. Additionally, surround view systems are often equipped with features such as object detection, proximity warnings, and, in some cases, integration with radar or ultrasonic sensors to further enhance accuracy. By reducing blind spots and providing spatial awareness, these systems help prevent common accidents during parking, lane changes, and reversing. With increased safety and reduced liability, surround view technology is becoming an essential tool in the commercial vehicle industry, addressing the unique challenges of operating large, often cumbersome vehicles on congested urban and highway roads.

Why Is There a Growing Demand for Surround View Systems in Commercial Vehicles?

The demand for surround view systems in commercial vehicles is rising significantly due to heightened safety concerns, regulatory pressures, and the logistical demands of today’s commercial transportation industry. With the rapid expansion of e-commerce, more delivery and logistics vehicles are navigating busy urban streets and complex delivery routes, which raises the risk of accidents involving other vehicles, pedestrians, or infrastructure. As a result, fleet operators are increasingly adopting surround view technology to ensure safe driving practices and protect both their drivers and the general public. In the commercial trucking and busing sectors, where large vehicle sizes create inherent blind spots and reduce maneuverability, surround view systems provide essential support, allowing drivers to operate with greater confidence and precision. Regulatory bodies in various regions are also contributing to the growth in demand, implementing stringent safety requirements that encourage or even mandate the use of advanced driver assistance systems (ADAS) to minimize collision risks. By helping drivers maintain awareness of their surroundings, these systems are proving instrumental in reducing accident rates, lowering repair costs, and even improving fuel efficiency, as drivers are less likely to make sudden maneuvers that waste fuel. Consequently, surround view systems are becoming a critical safety feature across a range of commercial vehicles, from delivery vans to long-haul trucks.

How Are Innovations in Surround View Systems Enhancing Their Effectiveness?

Innovations in commercial vehicle surround view systems are significantly boosting their functionality and effectiveness, making them a powerful tool for enhancing safety in diverse driving scenarios. Advances in camera resolution and image processing technologies have improved the clarity and accuracy of the visual feed, enabling drivers to view obstacles and pedestrians with sharper detail, even in low-light or adverse weather conditions. Some of the latest systems utilize high-dynamic-range (HDR) cameras that perform well under challenging lighting, reducing glare and shadows for a more consistent image. Additionally, the integration of artificial intelligence (AI) and machine learning has enabled some surround view systems to identify and classify objects, providing drivers with contextual information about potential hazards. For instance, AI can help distinguish between a pedestrian, a stationary object, or another vehicle, allowing the system to offer tailored alerts based on the situation. Another notable innovation is the merging of camera feeds with radar or LiDAR data, creating an augmented view that combines visual and spatial information for enhanced depth perception. Furthermore, surround view systems are increasingly being integrated with telematics platforms, enabling fleet managers to monitor driver behavior and vehicle surroundings remotely, which supports training, compliance, and accident investigations. These advancements in imaging, AI, and connectivity are expanding the utility of surround view systems, making them an indispensable part of modern commercial fleet operations.

What Factors Are Driving the Growth of the Commercial Vehicle Surround View Systems Market?

The growth in the commercial vehicle surround view systems market is driven by multiple factors, including technological advancements, evolving safety regulations, and shifts in industry demands. One of the primary drivers is the continuous improvement in camera and sensor technology, which has enhanced the accuracy, reliability, and cost-effectiveness of surround view systems. This technological progress makes the systems more accessible to a wider range of commercial vehicles, from light-duty delivery vans to heavy-duty trucks and buses. Additionally, as road safety becomes a top priority for both public and private stakeholders, many governments and regulatory bodies worldwide are implementing stricter safety standards for commercial vehicles. In regions like Europe and North America, regulations often require advanced driver assistance systems (ADAS) in new commercial vehicles to reduce accident rates and protect road users, leading fleet operators to adopt surround view systems to meet these requirements. Changing consumer expectations also play a role, as logistics and transportation companies increasingly prioritize accident prevention and brand reputation in the eyes of clients and the public. Finally, with the rise of e-commerce and just-in-time delivery models, companies are under pressure to optimize fleet efficiency and reduce downtime, prompting investments in technologies that enhance safety and operational continuity. As these factors converge, the commercial vehicle surround view systems market is poised for robust growth, offering solutions that cater to the evolving needs of the modern transportation and logistics landscape.

SCOPE OF STUDY:

The report analyzes the Commercial Vehicle Surround View Systems market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
End-Use (Light Commercial Vehicles (LCVs) End-Use, Medium & Heavy Commercial Vehicles (M&HCVs) End-Use)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Select Competitors (Total 37 Featured) -

• Brigade Electronics Group Plc
• Continental Automotive Technologies GmbH
• Continental Engineering Services GmbH
• e-con Systems, Inc.
• Faurecia Clarion Electronics Co., Ltd.
• Fujitsu America, Inc.
• Hyundai Motor Group
• Magna International, Inc.
• NXP Semiconductors NV
• Robert Bosch GmbH

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