Global Automotive Surround View Systems Market - Growth Analysis and Forecast | Technavio

The global automotive surround view systems market is expected to grow at a CAGR of close to 13% during the forecast period, according to Technavio’s latest market research.

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Technavio has published a new report on the global automotive surround view systems market from 2017 ...

Technavio has published a new report on the global automotive surround view systems market from 2017-2021. (Graphic: Business Wire)

In this market research report, Technavio covers the market outlook and growth prospects of the global automotive surround view systems market for 2017-2021. The report has further segmented the market by vehicle type, including commercial vehicles and passenger cars.

Technavio’s research analysts segment the global automotive surround view systems market into the following regions:

  • EMEA
  • Americas
  • APAC

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EMEA: largest global automotive surround view systems market

The automotive surround view system market in EMEA is expected to grow at a CAGR of close to 9% during the forecast period. The growth is predicted to be fueled by the strict vehicle safety norms that are being laid by the European Commission and the growing demand for advanced safety systems in Europe's automotive market. Apart from this, the Euro NCAP ratings that rate the vehicles based on the availability of on-board safety systems is expected to drive the market.

“EMEA is the most important market for automotive surround view systems. Europe is one of the substantial markets for luxury passenger cars wherein car camera-assisted systems are widely offered. There is a presence of global automobile manufacturers such as Jaguar, Bentley, BMW, Audi, Mercedes-Benz, Volvo, who are leaders in technology, in Europe,” says Keerthi Balu, a lead automotive electronics research expert from Technavio.

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Global automotive surround view systems market in the Americas

The automotive surround view systems market in the Americas is expected to grow significantly during the forecast period. The growth is mainly subjected to the mandates being implemented in the region to curb collisions while reversing the vehicle. There is a high-volume sale of premium and luxury vehicles that come equipped with ADAS in countries like the US and Canada. This is driving the automotive surround view systems market.

“The Americas is among the largest automotive markets in the world. The US dominates the automotive industry in the region, followed by Canada. This has caused this region to become the largest market for the automotive surround view systems,” says Keerthi.

Global automotive surround view systems market in APAC

The automotive surround view systems market in APAC is expected to grow at a CAGR of close to 26% during the forecast period. The growth has been predicted due to the high number of rear-end collisions that take place every year in developing economies like China and India.

The heavy traffic conditions coupled with the increasing vehicle safety awareness among customers is expected to drive the market in the region. Additionally, automotive market in developing regions of Asia boasts of high potential for advanced driver assisted technologies due to increasing customer preference for such systems.

The top vendors in the global automotive surround view systems market as highlighted in this report are:

  • Valeo
  • Continental
  • Fujitsu
  • Ambarella
  • Clarion
  • Delphi Automotive

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