In-Vehicle Video Surveillance Market Research Report Information By Solution (Blind Spot Detection System, And Parking Assist System), By Application (Law Enforcement, and Longstop Object Detection), By End User (Commercial, and Passenger), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.
ID: MRFR/ICT/2803-HCR | 76 Pages | Author: Aarti Dhapte | December 2023
In-Vehicle Video Surveillance Market Overview
In-Vehicle Video Surveillance Market Size was valued at USD 2.2 Billion in 2022. The In-Vehicle Video Surveillance market industry is projected to grow from USD 2.77 Billion in 2023 to USD 17.99 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.9% during the forecast period (2023 - 2032). Increasing demands for passenger and commercial vehicles having in-built safety systems and growing adoption of smart technologies such as parking assist systems, GPS, and others are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
In-Vehicle Video Surveillance Market Trends
Growing demand for in-built security systems within vehicles is driving the market growth
Market CAGR for in-vehicle video surveillance is being driven by the rising demand for security systems across vehicles. The in-vehicle video surveillance industry is expected to expand during the anticipated time frame. The rising need for safety and security features in automobiles is responsible for the market's expansion. This market is also expanding as a result of the rising use of cutting-edge technology like GPS, head-up displays, parking assist systems, lane departure warning systems, and blind spot detection systems.
The main driving factors for the expansion of the in-vehicle video surveillance market are the rising worries about public safety and the growing importance of in-vehicle connectivity. Moreover, growing worries about the security of digital business transactions are another significant growth-promoting driver for the industry. Furthermore, the market has projected that its growth will accelerate in the years to come as a result of rising consumer acceptance of in-vehicle monitoring and rising need for cutting-edge, secure platforms for financial transactions. As a result, market participants in in-vehicle video surveillance are spurring growth by coming up with a variety of creative concepts.
One of the key development drivers that is creating new opportunity for the manufacturers is the rise in security worries for online commercial transactions. Additionally, VSaaS is growing in popularity in video surveillance, creating numerous potential for the in-vehicle video surveillance market. Thus, driving the In-Vehicle Video Surveillance market revenue.
In-Vehicle Video Surveillance Market Segment Insights
In-Vehicle Video Surveillance Solution Insights
The In-Vehicle Video Surveillance market segmentation, based on solution includes Blind spot detection system, and Parking assist system. The blind spot detection system segment dominated the market. The blind spot detection system employs radar or cameras to analyze the reflected signals to detect the presence of an adjacent vehicle within a lane. By preventing collisions and accidents, it helps avoid serious injuries or fatalities. With growing count of traffic accidents worldwide, the National Highway Traffic Safety Administration (NHTSA) has formed the use of blind-spot detection devices mandatory.
In-Vehicle Video Surveillance Application Insights
The In-Vehicle Video Surveillance market segmentation, based on application, includes Law Enforcement, and Longstop object detection. The longstop object detection category generated the most income. The capacity to follow or monitor automobiles is particularly useful in many applications, including the security of individual vehicles as well as public transportation systems. The vehicle tracking system deals with the idea of vehicle monitoring in real-time based on continuous video feed from a CCTV camera to track the cars. It does this by using computer vision and deep learning algorithms. The tracking system uses the detection-based tracking paradigm. For real-time tracking, the object detection is used to achieve faster object detection.
In-Vehicle Video Surveillance End User Insights
The In-Vehicle Video Surveillance market segmentation, based on end user, includes commercial, and passengers. The market for in-vehicle video surveillance is predicted to be dominated by passengers, which will account for a large portion of income. This can be explained by the increasing demand for cutting-edge safety features and growing worries about traffic accidents. Further fostering business expansion will be the deployment of driver monitoring systems by producers like Mercedes Benz and BMW.
Figure 1: In-Vehicle Video Surveillance Market, by end user, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
In-Vehicle Video Surveillance Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American In-Vehicle Video Surveillance market area will dominate this market, owing to the presence of a majority of leading manufacturers such as Advance Electronics, Argo AI, and others. In addition, the growing demand for safety-enhanced vehicles will boost market growth in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: IN-VEHICLE VIDEO SURVEILLANCE MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe In-Vehicle Video Surveillance market accounts for the second-largest market share due to the increased safety concerns for growing digitalized business related transactions. Further, the German In-Vehicle Video Surveillance market held the largest market share, and the UK In-Vehicle Video Surveillance market was the fastest growing market in the European region
The Asia-Pacific In-Vehicle Video Surveillance Market is expected to expand at the fastest CAGR from 2023 to 2032. This is due to rising adoption of innovative and technologically advanced platforms for monetary transactions. Moreover, China’s In-Vehicle Video Surveillance market held the largest market share, and the Indian In-Vehicle Video Surveillance market was the fastest growing market in the Asia-Pacific region.
In-Vehicle Video Surveillance Key Market Players & Competitive Insights
Leading market players are investing capital and resources across research and development in order to extend their product offerings, this is expected to help the In-Vehicle Video Surveillance market, grow even more. Market participants and manufacturers are also adopting various strategic activities to grow their worldwide presence, with vital market developments including new product developments & launches, contracts & agreements, mergers & acquisitions, increased investments, and collaboration with other similar organizations. To expand and survive in a more competitive and rising market climate, In-Vehicle Video Surveillance industry must offer cost-effective items.
The manufactures are making use of locally available resources to minimize the production costs which will aid the growth of the In-Vehicle Video Surveillance industry to benefit clients and increase the market sector. In recent years, the In-Vehicle Video Surveillance industry has offered some of the most significant advantages to medicine. Major players in the In-Vehicle Video Surveillance market, including Bosch Group, Delphi Automotive PLC, Zheijiang Dahua Technology Co. Ltd., Advantech Co. Ltd., Nexcom International Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., Amplicon Liveline Ltd., and others, are attempting to increase market demand by investing in research and development operations.
A provider of multimedia software is Cyberlink Co Ltd. It creates and sells software for digital video and audio applications. The business sells its goods in a variety of markets, including media creativity suite, backup and burn, webcam apps, video editing, photography, and e-learning. Its operating reach extends to North America, Japan, Europe, and the Asia-Pacific region. The company offers comprehensive video, photo, & audio editing solutions for the creators of every levels of skills and across all devices, such as PCs, Chromebooks, tablets, and smartphones, with their award-winning Director software suite. In April 2023, The People Tracker product was just unveiled by CyberLink Corp., a leader in AI and facial recognition technologies. Artificial intelligence (AI) people tracking technology is widely utilised in the security and surveillance industries to identify and follow the movements of specific individuals. The effectiveness of video searches and investigation times are substantially increased, boosting surveillance capabilities for tracking people of interest, locating the missing or lost more quickly, and enhancing security in general.
A provider of technology and services, Robert Bosch GmbH (Bosch) is a division of Robert Bosch Stiftung GmbH. The business provides a broad range of goods and services, including automotive components and accessories, e-bike systems, automotive technology, home appliances, security systems, solar inverters, packaging technology, industry solutions, and business process management solutions. The company serves clients in the automotive, consumer electronics, and BPO sectors in the Americas, Europe, Asia Pacific, and Africa along with sales and service partners, subsidiaries, and local businesses. The headquarters of Bosch is in Stuttgart, Germany. In April 2020, A new camera platform called INTEOX, developed by Bosch to modernize the security and safety sector, is now available. With INTEOX, the first fully open platform of its kind, consumers, system integrators, and application developers have unrestricted creative and personalization options.
Key Companies in the In-Vehicle Video Surveillance market include
-
Bosch Group,
-
Delphi Automotive PLC,
-
Zheijiang Dahua Technology Co. Ltd.,
-
-
Nexcom International Co. Ltd.,
-
Hangzhou Hikvision Digital Technology Co. Ltd.,
-
Amplicon Liveline Ltd.
In-Vehicle Video Surveillance Industry Developments
March 2023: The release of version 2023 M1 of BriefCam's comprehensive video analytics platform, which will be featured at ISC West in Las Vegas the following week, was announced today by the industry pioneer in cutting-edge AI-driven video analytics solutions. With this update, BriefCam introduces its patented Custom ClassifID breakthrough, makes major infrastructure, real-time performance, and accuracy improvements, and adds new capabilities to improve usability and investigative effectiveness.
March 2021: In order to deliver a certified solution that provides real-time crowd intelligence using video surveillance data collected and stored by Quantum's Unified Surveillance Platform (USP), the industry leader in solutions for video and unstructured data, Quantum Corporation today announced a partnership with WaitTime. WaitTime is the industry leader in crowd intelligence analytics. Organisations who wish to maximise the value of their video surveillance data, such as collecting crowd intelligence insights intended to give a better customer experience, can easily implement the Quantum certified WaitTime AI software on USP.
In-Vehicle Video Surveillance Market Segmentation
In-Vehicle Video Surveillance Solution Outlook (USD Billion, 2018-2032)
-
Blind spot detection system
-
Parking assist system
In-Vehicle Video Surveillance, Application Outlook (USD Billion, 2018-2032)
-
Law Enforcement
-
Longstop object detection
In-Vehicle Video Surveillance End User Outlook (USD Billion, 2018-2032)
In-Vehicle Video Surveillance Regional Outlook
-
North America
-
US
-
Canada
-
Europe
-
Germany
-
France
-
UK
-
Italy
-
Spain
-
Rest of Europe
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
-
Report Scope:
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 2.2 Billion |
| Market Size 2023 | USD 2.77 Billion |
| Market Size 2032 | USD 17.99 Billion |
| Compound Annual Growth Rate (CAGR) | 26.30% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Solution, Application, End User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Bosch Group, Delphi Automotive PLC, Zheijiang Dahua Technology Co. Ltd., Advantech Co. Ltd., Nexcom International Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., Amplicon Liveline Ltd. |
| Key Market Opportunities | Rising concerns about comfort and safety across vehicles |
| Key Market Dynamics | Increase in instances of cyber damages |
Frequently Asked Questions (FAQ) :
The In-Vehicle Video Surveillance market size was valued at USD 2.2 Billion in 2022.
The market is projected to grow at a CAGR of 26.30% during the forecast period, 2023-2032.
The key players in the market are Bosch Group, Delphi Automotive PLC, Zheijiang Dahua Technology Co. Ltd., Advantech Co. Ltd., Nexcom International Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., Amplicon Liveline Ltd.
The longstop object detection category dominated the market in 2022.
The passenger had the largest share in the market.
Key Questions Answered
- ✅Global Market Outlook
- ✅In-depth analysis of global and regional trends
- ✅Analyze and identify the major players in the market, their market share, key developments, etc.
- ✅To understand the capability of the major players based on products offered, financials, and strategies.
- ✅Identify disrupting products, companies, and trends.
- ✅To identify opportunities in the market.
- ✅Analyze the key challenges in the market.
- ✅Analyze the regional penetration of players, products, and services in the market.
- ✅Comparison of major players’ financial performance.
- ✅Evaluate strategies adopted by major players.
- ✅Recommendations
Why Choose Market Research Future?
- ✅Vigorous research methodologies for specific market.
- ✅Knowledge partners across the globe
- ✅Large network of partner consultants.
- ✅Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- ✅Trusted by fortune 500 companies/startups/universities/organizations
- ✅Large database of 5000+ markets reports.
- ✅Effective and prompt pre- and post-sales support.
Leading companies partner with us for data-driven Insights.
