Press release
Global Bus RVC Market to grow at a CAGR of 19.8% during the period 2017-2021
MRH
Market Research HUB analysts forecast the global bus RVC market to grow at a CAGR of 19.8% during the period 2017-2021.
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The major reason for the need for the RVCs than reverse parking sensors in buses is because of few drawbacks and unfavorable market dynamics in the reverse parking sensors market. The automotive parking sensors market is concentrated by OEMs, while aftermarket is fragmented with intense competition among the regional players, and this competition is expected to intensify further with product extensions and technological innovations. This increasing competition in the aftermarket segment where the occurrence of a failure in parking sensors system is more than the OEM products will become a threat to safety in the buses.
Covered in this report
The report covers the present scenario and the growth prospects of the global bus RVC market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of bus RVC.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Global Bus RVC Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
STONKAM
Luminator Technology
Rear View Safety
Vision Techniques
Other prominent vendors
Rostra Precision Controls, Inc.
Lintech Enterprises
Veise Electronic
Market driver
Rising number of accidents due to impaired on-road visibility to push adoption of safety systems using camera modules
For a full, detailed list, view our report
Market challenge
Difficulty in using during harsh weather conditions
For a full, detailed list, view our report
Market trend
Accelerating use of wide angle camera technology in automotive
For a full, detailed list, view our report
Read Full Report with TOC@ http://www.marketresearchhub.com/report/global-bus-rear-view-camera-rvc-market-2017-2021-report.html
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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The major reason for the need for the RVCs than reverse parking sensors in buses is because of few drawbacks and unfavorable market dynamics in the reverse parking sensors market. The automotive parking sensors market is concentrated by OEMs, while aftermarket is fragmented with intense competition among the regional players, and this competition is expected to intensify…
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