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How Big is the Automotive Surround View Systems Market?

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Rahul Gautam
How Big is the Automotive Surround View Systems Market?

According to the latest report by IMARC Group, titled “Automotive Surround View Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,”the widespread product adoption that aids in recognizing pedestrians or stopping the vehicle in critical situations, thereby reducing the risk of accidents, is primarily driving the automotive surround view systems market. Additionally, the launch of various favorable policies by government bodies across countries to improve road safety is further catalyzing the market growth. Besides this, numerous technological advancements in the automotive advanced driver assistance systems (ADAS) are acting as significant growth-inducing factors.


Moreover, the introduction of sonar-based systems that judge the distance between obstacles and give users a warning when an object comes near another object is also positively influencing the global market. Apart from this, the rising investments in R&D activities aimed at developing product variants with higher accuracy and enhanced features are anticipated to fuel the automotive surround view systems market over the forecasted period.


The global automotive surround view systems market size reached US$ 3.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.9 Billion by 2027, exhibiting a growth rate (CAGR) of 17.4% during 2022-2027. 


Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.


Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/automotive-surround-view-systems-market/requestsample


Automotive Surround View Systems Market 2022-2027 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.


Companies Covered in this Market Report: Valeo SA, Magna International, Continental AG, Clarion, Denso, Renesas Electronics, Aisin Seiki, Texas Instruments, Ambarella, Robert Bosch GmbH, Xylon d.o.o. and Mobileye Vision Technologies Ltd.


Market Insight:


Automotive surround view systems represent intelligent camera systems that provide a complete 360° view of the vehicle on an LCD screen placed on the dashboard. They play an essential role in assisting drivers during parking and maneuvering. In line with this, automotive surround view systems offer other benefits, such as removing blind spots while changing lanes, lowering distractions of the driver, enabling a sharp view on all sides, improving traffic safety, etc. Consequently, they are extensively utilized in modern automobiles.


Explore Full Report Description At: https://www.imarcgroup.com/automotive-surround-view-systems-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.


Based on Type:

  • Touch Screen Control
  • Infrared Remote Control
  • Others


Based on Functioning:

  • Automatic
  • Manual


Based on Vehicle Type:

  • Commercial Vehicles
  • Passenger Vehicles


Based on End-User:

  • Aftermarket
  • OEMs


Geographical Analysis:

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


Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=1650&flag=C


Key highlights of the report:               

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • 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.


About Us                                    

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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