Automotive Surround View System Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Global Automotive Surround View System Market will exhibit over 14.5% CAGR from 2024 to 2032, due to the increasing demand for advanced driver assistance systems (ADAS). As consumer awareness regarding road safety upsurges, there is an inclination towards vehicles equipped with technologies that offer a 360-degree view to eliminate blind spots. The stringent government regulations mandating the incorporation of safety features in vehicles is encouraging manufacturers to adopt surround view systems as a standard feature. For instance, in January 2024, Renesas Electronics introduced the RAA279974, a 4-channel video decoder designed for automotive surround-view systems. It enables high-definition video using low-cost cables, processing four input sources simultaneously for efficient multi-camera applications.
Booming automotive sector, driven by the increasing disposable income of individuals, in consort with rapid urbanization are fueling the demand for advanced features in vehicles. The incorporation of advanced ADAS technologies will further bolster the market growth.
The automotive surround view system industry is classified based on product, vehicle, fuel, component, application, end-use, and region.
The commercial vehicles segment will exhibit a fast growth rate during the forecast period, due to the emphasis on operational safety and efficiency in logistics and public transportation industries. Fleet operators and businesses are investing in advanced safety technologies to minimize accident-related costs and ensure compliance with stringent safety regulations. As urbanization accelerates, the need for safer and more efficient transportation of goods and passengers is paramount, prompting the adoption of surround view systems in commercial vehicles.
The aftermarket segment will capture a substantial automotive surround view system market share by 2032, as consumers seek to upgrade their existing vehicles with advanced safety features. There is a wider awareness of the benefits of surround view systems, favoring retrofitting these systems to improve driving safety. Additionally, the aftermarket offers cost-effective solutions for consumers who wish to install surround view systems without purchasing a new vehicle, making this technology accessible to a broader audience.
Europe automotive surround view system market will experience a notable expansion through 2032, propelled by strict safety regulations and a focus on enhancing vehicle safety features. Additionally, rising consumer awareness about road safety and the increasing preference for high-end, technologically advanced vehicles are catapulting demand. The growing automotive sector in Europe, coupled with the region's focus on innovation and sustainable transportation solutions, supports the adoption of surround view systems. Enhanced government incentives for safety features and advancements in automotive technology aid the market expansion.
Global Automotive Surround View System Market will exhibit over 14.5% CAGR from 2024 to 2032, due to the increasing demand for advanced driver assistance systems (ADAS). As consumer awareness regarding road safety upsurges, there is an inclination towards vehicles equipped with technologies that offer a 360-degree view to eliminate blind spots. The stringent government regulations mandating the incorporation of safety features in vehicles is encouraging manufacturers to adopt surround view systems as a standard feature. For instance, in January 2024, Renesas Electronics introduced the RAA279974, a 4-channel video decoder designed for automotive surround-view systems. It enables high-definition video using low-cost cables, processing four input sources simultaneously for efficient multi-camera applications. Booming automotive sector, driven by the increasing disposable income of individuals, in consort with rapid urbanization are fueling the demand for advanced features in vehicles. The incorporation of advanced ADAS technologies will further bolster the market growth. The automotive surround view system industry is classified based on product, vehicle, fuel, component, application, end-use, and region. The commercial vehicles segment will exhibit a fast growth rate during the forecast period, due to the emphasis on operational safety and efficiency in logistics and public transportation industries. Fleet operators and businesses are investing in advanced safety technologies to minimize accident-related costs and ensure compliance with stringent safety regulations. As urbanization accelerates, the need for safer and more efficient transportation of goods and passengers is paramount, prompting the adoption of surround view systems in commercial vehicles. The aftermarket segment will capture a substantial automotive surround view system market share by 2032, as consumers seek to upgrade their existing vehicles with advanced safety features. There is a wider awareness of the benefits of surround view systems, favoring retrofitting these systems to improve driving safety. Additionally, the aftermarket offers cost-effective solutions for consumers who wish to install surround view systems without purchasing a new vehicle, making this technology accessible to a broader audience. Europe automotive surround view system market will experience a notable expansion through 2032, propelled by strict safety regulations and a focus on enhancing vehicle safety features. Additionally, rising consumer awareness about road safety and the increasing preference for high-end, technologically advanced vehicles are catapulting demand. The growing automotive sector in Europe, coupled with the region's focus on innovation and sustainable transportation solutions, supports the adoption of surround view systems. Enhanced government incentives for safety features and advancements in automotive technology aid the market expansion.
- Chapter 1 Methodology and Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimation
- 1.3 Forecast model
- 1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market scope and definition
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Raw material supplier
- 3.2.2 Component supplier
- 3.2.3 Software provider
- 3.2.4 Manufacturer
- 3.2.5 Technology providers
- 3.2.6 End user
- 3.3 Profit margin analysis
- 3.4 Technology and innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rising demand for advanced safety features
- 3.8.1.2 Increasing adoption of ADAS in vehicles
- 3.8.1.3 Growing preference for luxury vehicles
- 3.8.1.4 Expanding automotive production and sales
- 3.8.2 Industry pitfalls and challenges
- 3.8.2.1 High cost of surround view systems
- 3.8.2.2 Integration challenges with existing vehicle systems
- 3.9 Growth potential analysis
- 3.10 Porter’s analysis
- 3.11 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates and Forecast, By Product, 2021-2032, ($Mn, Units)
- 5.1 Key trends
- 5.2 4 camera system
- 5.3 6 camera system
- 5.4 Others
- Chapter 6 Market Estimates and Forecast, By Vehicle, 2021-2032, ($Mn, Units)
- 6.1 Key trends
- 6.2 Passenger cars
- 6.2.1 Hachback
- 6.2.2 Sedan
- 6.2.3 SUV
- 6.2.4 Others
- 6.3 Commercial vehicle
- 6.3.1 Trucks
- 6.3.2 Bus
- Chapter 7 Market Estimates and Forecast, By Fuel, 2021-2032, ($Mn, Units)
- 7.1 Key trends
- 7.2 Gasoline
- 7.3 Diesel
- 7.4 All-electric
- 7.5 PHEV
- 7.6 HEV
- Chapter 8 Market Estimates and Forecast, By Component, 2021-2032, ($Mn, Units)
- 8.1 Key trends
- 8.2 Cameras
- 8.3 Control unit
- 8.4 Display unit
- 8.5 Software
- Chapter 9 Market Estimates and Forecast, By Application, 2021-2032, ($Mn)
- 9.1 Key trends
- 9.2 Parking assistance
- 9.3 Blind spot detection
- 9.4 Lane departure warning
- 9.5 ADAS integration
- Chapter 10 Market Estimates and Forecast, By End-Use, 2021-2032, ($Mn, Units)
- 10.1 Key trends
- 10.2 OEM
- 10.3 Aftermarket
- Chapter 11 Market Estimates and Forecast, By Region, 2021-2032, ($Mn, Units)
- 11.1 Key trends, by region
- 11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
- 11.3 Europe
- 11.3.1 UK
- 11.3.2 Germany
- 11.3.3 France
- 11.3.4 Italy
- 11.3.5 Spain
- 11.3.6 Netherlands
- 11.3.7 Rest of Europe
- 11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 South Korea
- 11.4.5 ANZ
- 11.4.6 Southeast Asia
- 11.4.7 Rest of Asia Pacific
- 11.5 Latin America
- 11.5.1 Brazil
- 11.5.2 Mexico
- 11.5.3 Argentina
- 11.5.4 Rest of Latin America
- 11.6 MEA
- 11.6.1 South Africa
- 11.6.2 Saudi Arabia
- 11.6.3 UAE
- 11.6.4 Rest of MEA
- Chapter 12 Company Profiles
- 12.1 Continental AG
- 12.2 Robert Bosch GmbH
- 12.3 Valeo S.A.
- 12.4 Denso Corporation
- 12.5 Magna International Inc.
- 12.6 Aptiv PLC
- 12.7 Fujitsu Ten Limited
- 12.8 Marelli Holdings Co., Ltd.
- 12.9 Hitachi Automotive Systems Ltd.
- 12.10 Clarion Co., Ltd.
- 12.11 Hyundai Mobis Co., Ltd.
- 12.12 Panasonic Corporation
- 12.13 Sony Corporation
- 12.14 NXP Semiconductors N.V.
- 12.15 Texas Instruments Incorporated
- 12.16 Omnivision Technologies, Inc.
- 12.17 Ambarella, Inc.
- 12.18 Xilinx, Inc.
- 12.19 Renesas Electronics Corporation
- 12.20 ZF Friedrichshafen AG
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