The In-Vehicle Video Surveillance Market is estimated to Grow Approximately by 6% of CAGR by 2023.The growing security in the automotive industry have raise several distinct challenges around the connected vehicle. Video surveillance security in automotive industry has become prominent due to increase vehicles on roads, to avoid accidents and safeguard citizens from terror attacks.
In-Vehicle Video Surveillance Market, By Technology (Power Compliance, Thermal Design, Isolated I/O Interface, Vehicle Shock and Vibration), By Product (Blind Spot Detection System) By Vehicle Type (Commercial, Passenger) - Forecast 2023
The study indicates that North America and Europe region is expected to be the leading region in-vehicle video surveillance market owing to safeguard citizens from numerous attacks and life threatening incidences. The region comprised of major automotive manufacturers and large number of commercial and passenger vehicle end-users.
The in-vehicle video surveillance market is growing rapidly over 6% of CAGR and is expected to reach at USD 20 Billion by the end of forecast period.
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In-Vehicle Video Surveillance Market Segmentation
In-vehicle video surveillance market has been segmented on the basis of product that includes blind spot detection system (BSDS), parking assist system (PAS), lane departure warning system (LDW), heads-up display device (HUDD) and global positioning system (GPS). Blind spot detection system can be used to view the traffic and the vehicles around your vehicle proximity.
The system comprises of sensors and are available to detect the presence of objects and send information to the driver.
The prominent players in the in-vehicle video surveillance market are-
- Robert Bosch GmbH (Germany)
- Delphi Automotive PLC (U.K.)
- DENSO Corporation (Japan)
- Continental AG (Germany)
- Honeywell Security Group (U.S.)
- Hangzhou Hikvision Digital Technology Co. Ltd. (China)
- COMM-PORT Technologies (U.S.)
- Law Enforcement Associates (U.S.)
- SecuScan (Germany)
- Seon (Canada)
Market Research Analysis:
Regional analysis for in-vehicle video surveillance market is studied in different geographic regions as North America, Europe, Asia-Pacific and Rest of World. North America region is mainly dominating the market because of increased number of semiconductor component installed in modern cars involving safety, infotainment and comfort and engine control.
European region is one of the prominent players in in-vehicle video surveillance market because of huge investment made by government in less emission from vehicles, extensive research in erasing of malware and increased funding by the software solution providers towards video surveillance. Asia-Pacific region is the fastest growing market owing to advanced infrastructure development from countries such as China and India is boosting the market growth.
Increasing urbanization, business expansion across and industrial developments and growing population is driving the growth of in-vehicle video surveillance in the region. Growing economies such as India, Japan, and China accounted for the largest market share due to growing security concerns related to citizens in this region.
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Delphi Automotive PLC is one of the leading company in in-vehicle video surveillance market. The company provides technologically driven solutions in automotive sector.
DENSO Corporation is a Japanese company offering range of solution in automotive related to safety, communication, surveillance, product navigator and many more. Continental AG is one of the prominent player in-vehicle video surveillance market it offers numerous solutions related to passenger cars, trucks & buses and two and three wheelers.
The regional analysis of in-vehicle video surveillance market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America and Europe is one of the leading player in the in-vehicle video surveillance market owing to major automotive manufacturers present in the region.
The emergence of advanced driver assistance solutions for avoiding accidents is one major reason boosting in-vehicle video surveillance market in the region. The study indicates, there are large number of passenger vehicle users and commercial vehicle users in the region.
Asia-Pacific region is expected to have fastest growth in the market due to the growing concerns regarding driver safety and safety of citizens.
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The segmentation of in-vehicle video surveillance market on the basis of vehicle type includes, passenger cars and commercial vehicles. Automotive connectivity technologies would make travelling by car safer for drivers, passengers, and other road users.
An important point for connected vehicles is that a car may be strongly designed against a direct cyber-attack; in a connected automotive ecosystem.
In-vehicle video surveillance in automotive industry is a combined method of defense to detect, protect, and correct, recognize and avoid threats. The new generation automotive cyber security cars will include hardware based protection in and around the engine control unit, software implemented in vehicle to defense them, network monitoring system and enforcement inside and outside the vehicle, cloud security services, and correct data privacy and privacy for protection.
The In-Vehicle Video Surveillance market is expected to grow at approximately USD 20 Billion by 2023, at 6% of CAGR between 2017 and 2023.
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