Vehicle Surround View System Market - Forecast (2023 - 2028)

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Vehicle Surround View System Market Forecast
(2023 - 2028)
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• The global Vehicle Surround View System market
  size is forecast to reach 4.89 billion by 2027,
  growing at a CAGR of 18.76 from 2022 to 2027. A
  surround view system is a vehicle camera system
  that provides a complete 360 view of the vehicle
  and its surroundings to assist the driver in
  various situations such as driving in an open
  lane, through tunnels, while parking, and so on.
• Vehicle surround view systems are used in
  automotive driver assistance systems such as
  parking assist systems, lane departure warning
  systems, and adaptive front lighting systems.

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• Key Takeaways
• Passenger vehicles are analyzed to grow with the
  highest CAGR in the global Vehicle Surround View
  System market during 2022-2027, which is
  primarily because vehicle surrounds view systems
  are used in various automotive driver assistance
  systems that help to ease passenger driving.
• The increase in demand for passenger vehicles has
  been on a rise, especially post the COVID-19
  pandemic, as many economies are recovering. This,
  along with an increase in demand for electric
  vehicles, has proven to be an excellent driver
  for the Vehicle Surround View System Market
  within the forecast period of 2022-2027.

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• By Distribution Channel- Segment Analysis
• Based on view, the 3D view segment is forecast to
  be the fastest growing segment with a CAGR of
  23.2 as it is a new innovative technology that
  is increasing in demand.
• There is a large investment of research and
  development in the field of 3D view technology,
  for instance, in February 2021, it was announced
  that Magnas new surround view systems a
  360-degree panoramic view to assist drivers when
  parking or performing low speed operations would
  be implemented in 2022 model vehicles.

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• Vehicle Surround View System Market
• Valeo
• Magna International Inc.
• NXP Semiconductors N.V.
• Renesas Electronics Corporation
• Continental AG
• BorgWarner Inc.
• Faurecia Clarion Electronics Co., Ltd.
• Fujitsu Limited
• OmniVision Technologies, Inc.
• Robert Bosch GmbH

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