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Companies Profiled | |
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Key Players | |
Bosch Group (Germany) | |
Delphi Automotive PLC (U.K.) | |
Zhejiang Dahua Technology Co. Ltd. (China) | |
Advantech Co. Ltd. (Taiwan) | |
Nexcom International Co. Ltd. (Taiwan) | |
Hangzhou Hikvision Digital Technology Co. Ltd. (China) Seon (Canada) | |
Amplicon Liveline Ltd. (UK) and FLIR System Inc. (U.S.) |
Market Driving Forces | |
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Drivers | |
The increasing acceptance of in-vehicle surveillances by consumers is making these providers to offer more innovative but secure platform for monetary transactions to their customers | |
These factors are thus expected to drive the in-vehicle surveillance market in coming years |
Market Overview
In the present scenario, the global In-Vehicle Video Surveillance Market has an estimation of USD 11.5 Billion to grow its market size at the end of 2030. The global market has expected to reach a 26.30% CAGR in the forecast period of 2020 to 2030. For avoiding threatening situations in crowded public areas, In-Vehicle Video Surveillance is popularly used across various regions. It has evident that the crime rates in public places and public transports have been reduced due to the effective solution of In-vehicle surveillance. Therefore, the increasing security concerns at public places and the increasing emphasis on in-vehicle connectivity are the major factors that are driving the In-Vehicle Video Surveillance Market growth. Moreover, another major growth driving factor for the global market is increasing insecurity concerns for digital business transactions. Further, the global market has predicted to increase its market growth in upcoming years due to the increasing demand for innovative and secure platforms for monetary transactions and the increasing acceptance of in-vehicle surveillance by consumers.
Hence, the Market has been classified based on the vehicle type, solution, and application. The global positioning system sub-segment is predicted to generate the largest In-Vehicle Video Surveillance Market Size for the forecast period. Moreover, the GPS system dominates the global market and gains more popularity due to the increasing technical expertise among people and improved network infrastructure. In the present scenario, the demand for connectivity in vehicles, the growing internet of things market, and growing technological advancement in the automotive sector are increasing, which is enhancing the Market Growth.
The Global In-Vehicle Video Surveillance Market report highlights the overall global market growth across various regions. Along with that, this report also highlights the COVID-19 analysis to understand its impact on the In-Vehicle Video Surveillance market. Moreover, the report has explained in detail the market dynamics, segmental overview, recent developments, regional analysis, and competitive analysis to support its potential growth by focusing on various regions.
COVID-19 Impact Analysis
The ongoing pandemic has affected Market Growth. The global market has experienced a halt for the first half of 2020. The global market has experienced labor shortage, material shortage, health safety challenge, and other challenges. Moreover, the In-Vehicle Video Surveillance Market has lost its investors during this time.
Therefore, the global In-Vehicle Video Surveillance Market Players have involved various strategies and ideas to increase the customers’ demands to enhance the global growth of the In-Vehicle Video Surveillance Market Size.
Global Market Dynamics
The increasing security concerns at public places and the increasing emphasis on in-vehicle connectivity are the major factors that are driving the In-Vehicle Video Surveillance Market growth. Moreover, another major growth driving factor for the global market is increasing insecurity concerns for a digital business transaction. Further, the global market has predicted to increase its market growth in upcoming years due to the increasing demand for innovative and secure platforms for monetary transactions and the increasing acceptance of in-vehicle surveillance by consumers.
Thus, In-Vehicle Video Surveillance Market Players are driving the growth aspect by developing various innovative ideas.
The increase in security concerns for digital business transactions is one of the major growth driving factors, bringing more opportunities for the manufacturers. Moreover, the In-Vehicle Video Surveillance Market has various opportunities because VSaaS is gaining traction in video surveillance.
Therefore, the In-Vehicle Video Surveillance Market report explains that the global market has more opportunities because of the increasing worldwide demand for In-Vehicle Video Surveillance.
The increasing demand for an innovative and secure platform for monetary transactions and the increasing acceptance of in-vehicle surveillance by consumers can be a restraint for the In-Vehicle Video Surveillance Market.
Another restraint can be the COVID-19, where the global market has experienced labor shortage, material shortage, health safety challenge, and other challenges. Moreover, the In-Vehicle Video Surveillance Market has lost its investors during this time.
The increasing security concerns at public places and the increasing emphasis on in-vehicle connectivity can be a challenge for the In-Vehicle Video Surveillance Market.
Hence, the In-Vehicle Video Surveillance Market Players are focusing on these challenge aspects with developing various innovative ideas to overcome the situation.
The global In-Vehicle Video Surveillance Market has an estimation of USD 11.5 Billion to grow its market size at the end of 2030. The global market has expected to reach a 26.30% CAGR in the forecast period of 2020 to 2030. Further, North America has predicted to meet the maximum market share for the forecast period. Along with that, the European region is taking the second position in generating the highest market share while the Asia Pacific is coming in the third position.
The collective effort of the global key players is thriving the global market growth across different areas by focusing on the In-Vehicle Video Surveillance Business Profit.
Market segmentation Overview
Based on the solution segmentation, the In-Vehicle Video Surveillance Industry is classified into different solutions: parking assist system, blind-spot detection system, lane departure warning system, global positioning system, and head-up display device.
Among these entire solution segments, the global positioning system sub-segment is predicted to generate the largest In-Vehicle Video Surveillance Market Size for the forecast period with generating approximately 16.98% CAGR during the forecast period of 2023.
The vehicle type segment of the In-Vehicle Video Surveillance Industry is classified into two types: commercial and passenger.
Among all these vehicle types, the commercial sub-segment is generating the largest market share with generating approximately 16.51% CAGR for the forecast period of 2023.
The In-Vehicle Video Surveillance Market has various segmental applications in traffic congestion, law enforcement, longstop object detection, and others.
Among these entire application segments, the traffic congestion sub-segment generates the largest market share, generating approximately 17.68% CAGR for the forecast period.
Regional Analysis
The In-Vehicle Video Surveillance Market is increasing its demand across various world regions based on the regional classification. Some of the popular regions are South America, North America, Asia Pacific, Europe, and the Rest of the World.
North America has predicted to meet the maximum market share for the forecast period out of all the regions. Along with that, the European region is taking the second position in generating the highest market share while the Asia Pacific is coming in the third position. These regions are increasing the global market demand due to the increase in security concerns for a digital business transaction, the increasing demand for an innovative and secure platform for monetary transactions, and the increasing acceptance of in-vehicle surveillance by consumers in the region.
Competitive Landscape Analysis
The In-Vehicle Video Surveillance Market has major key players such as:
These major key players are thriving the global market growth across different areas by focusing on the In-Vehicle Video Surveillance Business Profit.
Recent Developments
Report Overview of the Market
The In-Vehicle Video Surveillance Market report highlights the overall global market growth across various regions. Along with that, this report also highlights the COVID-19 analysis to understand its impact on the In-Vehicle Video Surveillance Market. Moreover, the report has explained in detail the market dynamics, segmental overview, recent developments, regional analysis, and competitive analysis to support its potential growth by focusing on various regions.
Segmental Table:
By solutions
By Vehicle Type
By Applications
Report Attribute/Metric | Details |
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Market Size | USD 11.5 Billion |
CAGR | 26.30% |
Base Year | 2019 |
Forecast Period | 2020-2030 |
Historical Data | 2018 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | by Solution, Vehicle Type |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Bosch Group (Germany), Delphi Automotive PLC (U.K.), Zhejiang Dahua Technology Co. Ltd. (China), Advantech Co. Ltd. (Taiwan), Nexcom International Co. Ltd. (Taiwan), Hangzhou Hikvision Digital Technology Co. Ltd. (China) Seon (Canada), Amplicon Liveline Ltd. (UK) and FLIR System Inc. (U.S.). |
Key Market Opportunities | Rise in security concerns for digital business transaction is another major factor driving the growth of In-Vehicle Surveillance market. |
Key Market Drivers |
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Bosch Group, Delphi Automotive PLC, Zhejiang Dahua Technology Co. Ltd. and Advantech Co. Ltd. are the technology giants highly active in the in-vehicle surveillance market.
The market will be achieving a valuation of USD 11.5 Billion by 2030.
The market will be evolving at 26.30% of CAGR during the forecast period.
As per the study, the market will be growing during the period between 2022 and 2030.
North America is dominating the global in-vehicle surveillance market