Automotive Surround View Systems Market 2021: Industry Overview, Size, Share, Trends, Growth and Forecast Till 2026

According to IMARC Group’s latest report, titled “Automotive Surround View Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global automotive surround view systems market reached a value of US$ 1.5 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 18% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Automotive surround view systems are advanced vehicle camera systems that provide a 360-degree view of the area around the vehicle through an LCD screen. They offer better visibility and several views, such as rear, top and panorama views to the driver. They also assist in mitigating vehicle collisions and damages while maneuvering, parking, or changing lanes and improving safety and driving experience. As a result, automotive surround view systems are extensively used in modern automobiles.

The global automotive surround view systems market is primarily driven by the increasing incidences of fatal road accidents and traffic injuries. Additionally, several favorable government initiatives and the implementation of stringent regulations to enhance road safety have augmented the product demand. Furthermore, numerous manufacturers are heavily investing in research and development (R&D) activities to launch automotive surround view systems with improved features and precision, thereby catalyzing the market growth. Other factors, including the emerging advanced driver assistance systems (ADAS) technology and rising sales of high-end vehicles, are also anticipated to propel the market growth.

Automotive Surround View Systems Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the Automotive Surround View Systems Market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the Automotive Surround View Systems Market on the basis of type, functioning, vehicle type, end-User and region.

Breakup by Type:

  • Touch Screen Control
  • Infrared Remote Control
  • Others

Breakup by Functioning:

  • Automatic
  • Manual

Breakup by Vehicle Type:

  • Commercial Vehicles
  • Passenger Vehicles

Breakup by End-User:

  • Aftermarket
  • OEMs

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Explore Full Report with TOC & List of Figure: https://bit.ly/2SCe7QZ

Key highlights of the report:            

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Industry Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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