Automotive Surround View Systems Market Report 2023-2028 - Emerging Trends, Comprehensive Study With Top Companies Valeo SA, Magna International, Continental AG, Clarion, Denso

IMARC Group, a leading market research company, has recently releases report titled "Automotive Surround View Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global automotive surround view systems market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the automotive surround view systems market?

The global automotive surround view systems market size reached US$ 4.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.4 Billion by 2028, exhibiting a growth rate (CAGR) of 16.8% during 2023-2028.

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What is automotive surround view systems?

Automotive surround view systems refer to the intelligent camera tools that provide a complete 360° view of the vehicle on an LCD screen which is placed on the dashboard. These devices play an important role in assisting the driver during maneuvering and parking the automobile. Automotive surround view systems also offer other benefits, such as removing the blind spots, enabling the motorist to get a quick view on all sides, lowering distractions for the driver, and improving traffic safety. In addition, these devices have evolved from low-resolution to high-resolution cameras, delivering a real-time bird's-eye view of the vehicle and its surroundings. As a result, automotive surround view systems find widespread applications in modern automobiles.

What are the growth prospects and trends in the automotive surround view systems industry?

The escalating sales of automobiles, owing to the ongoing advancements in the automotive advanced driver assistance systems (ADAS) technologies, are among the primary factors driving the automotive surround view systems market. Besides this, the elevating requirement for these solutions, as they assist in parking, checking the blind spots while changing lanes, monitoring the area around the vehicle, recognizing pedestrians, and warning the driver or stopping the car in critical situations, is further augmenting the market growth.

Moreover, the development of sonar-based surround view systems by the leading manufacturers that evaluate the distance between obstacles and give the user a warning when an entity comes near another object is also catalyzing the global market.

Apart from this, the growing popularity of camera-assisted safety technologies and the increasing demand for autonomous vehicles are expected to bolster the automotive surround view systems market in the coming years.  

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Who are the key players operating in the industry?

The report covers the major market players including: 

• Valeo SA
• Magna International
• Continental AG
• Clarion, Denso
• Renesas Electronics
• Aisin Seiki
• Texas Instruments
• Ambarella
• Robert Bosch GmbH
• Xylon d.o.o.
• Mobileye Vision Technologies Ltd.

Key Market Segmentation:

The report has segmented the market into the following categories:

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:

• Guangdong
• Jiangsu
• Shandong
• Zhejiang
• Henan
• Others

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• 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.

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