Automotive Surround View Systems Market

The Global Automotive Surround View Systems Market is valued at USD 4.43 Billion in 2021 and is expected to reach USD 12.68 Billion by 2028 with a CAGR of 16.20% over the forecast period.

Scope of Global Automotive Surround View Systems Market

Automotive Surround View is a Vehicle Camera System that provides several views like top view, rear view, and panorama view to assist the driver when parking, either manually or automatically. The surround-view system refers to an intelligent camera system that displays a full 360° view of the vehicle on the LCD screen located on the dash. These systems play an important role in assisting the driver in parking and controlling the vehicle. The benefits of a surround view system include enabling the driver to get a sharp view on all sides, removing the blind spots, lowering distractions for the driver, and improving traffic safety. Over the years, these systems have evolved from low-resolution to high-resolution cameras, providing a real-time bird’s-eye view of the vehicle and its surroundings.

The COVID-19 outbreak has negatively affected the global Automotive Surround View Market. Due to, strict lockdown, shut down of automotive manufacturing facilities and disrupted the supply chain, the market has shown downward curve in the market. Therefore, the demand for both commercial and passenger vehicles has decreased during COVID-19. Thus, the automotive industry's sales volume was decreased, so the Automotive Surround View Market is negatively affected by the COVID-19 pandemic.

The global Automotive Surround View Systems Market is segmented on the basis of type, number of cameras, component, operation and end-user. On the basis of type, global Automotive Surround View Systems Market is segmented into passenger vehicles and commercial vehicle. On the basis passenger vehicles, the global Automotive Surround View Systems Market is sub segmented into compact, luxury, mid-size, SUV. On the basis commercial vehicle, the global Automotive Surround View Systems Market is sub segmented into medium duty commercial vehicle, heavy duty commercial vehicle. On the basis of number of cameras, the global Automotive Surround View Systems Market is segmented into 4 camera, 5 camera, 6 camera and others. On the basis of component, the global Automotive Surround View Systems Market is segmented into sensors, camera, ECU. On the basis of operation, the global Automotive Surround View Systems Market is segmented into automatic, manual. On the basis of end-user, the global Automotive Surround View Systems Market is segmented into aftermarket, OEMs.

The regions covered in this global automotive surround view system market report are Asia-Pacific, North America, Europe, and the Rest of the World. Based on a country level, the market of global automotive surround view system is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players for Global Automotive Surround View Systems Market

Some of the key players for Global Automotive Surround View Systems are 

• BorgWarner
• Clarion Co
• Continental AG
• Fujitsu
• Gazer
• Intel Corp
• NXP Semiconductors
• OmniVision Technologies
• Renesas Electronics Corp
• Samsung
• Robert Bosch GmbH
• Samsung Electronics Co
• Texas Instruments
• Valeo SA
• Magna International
• others.

Global Automotive Surround View Systems Segmentation

By Type

Passenger Vehicles

• Compact
• Luxury
• Mid-Size
• SUV

Commercial Vehicles

• Medium Duty Commercial Vehicle
• Heavy Duty Commercial Vehicle

By Number of Camera

• 4 Camera
• 5 Camera
• 6 Camera
• Others

By Component

• Sensors
• Camera
• ECU

By Operation

• Automatic
• Manual

By End- User

• OEMs
• Aftermarket

News

Magna’s Surround View System Released on All-New Toyota Tundra

On May 24^th, 2022- Magna company are helping pave the way for global automakers to enhance safety, comfort and convenience. The company’s next generation cameras and electronic control units which allow the benefits of 3D and surround view have recently launched on the all-new 2022 Toyota Tundra.

Advanced Surround View from Continental ProViu 360 made Driving Safer for Commercial Vehicles and RVs

On November 8^th, 2021- The new continental ProViu 360 made 2nd generation surround view system provides a full digital capability that gives drivers even sharper and higher quality images in HD determination so they can simply and safely monitor their entire vehicle and its surrounds at a single glance.

Samsung unveils new automotive image sensor

On July 13^th, 2021- Samsung a new automotive image sensor as the tech giant's eye. The ISOCELL Auto 4AC used for rear-view cameras and monitors of a vehicle and offer high-definition resolution images.

Cipla and OMNIVISION announced the Partnership to Bring Industry’s First Mass-Market Driver Monitoring Solution

On January 12^th, 2021- A partnership to create the first mass-market entry-level driver monitoring solution to address safety standards and regulatory requirements was announced. The partnership unites OMNIVISION’s OAX8000 automotive application-specific integrated circuit (ASIC) with Cipia’s driver monitoring software.

StradVision Introduced Surround View Monitoring Solution Enabling Groundbreaking Advanced Driver Assistance Systems (ADAS) Features

On November 17^th, 2020- StradVision, a leading innovator in AI-based camera perception software for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV), is revealed the latest automotive surround view monitoring (SVM) technology at AutoSens 2020.

Global Automotive Surround View Systems Market Dynamics

An increase in demand for safety features in a vehicle is driving the global automotive surround view system market. Automotive surround view systems are one of the most important safety features in a vehicle. They get a sharp view on all sides, and the smart surround-view shows soft lighting and real-time reflections mapped onto the car from the surrounding environment. Due to these safety features, there is an increasing demand for safety features in vehicles. Recently, around 113,882 new Tesla registered, a jump of 59% compared with the first quarter of 2021. Moreover, according to European Automobile Manufacturers Association approximately 79.1 million motor vehicles were produced in 2021 around the world, an increase of 1.3% compared to 2020. This helps the driver get accurate feedback about their surround-view feature, making it even safer, more capable, and other beneficial factors added to the automotive surround-view systems. As a result, rising consumer demand for safety-featured vehicles is propelling the global automotive surround view system market forward.

The rising trend of autonomous vehicles is expected to drive the automotive surround view system market across the globe. The automotive surround view system ability to find an open parking space in a lot and safely park and un-park a vehicle without driver involvement includes even more automated capabilities. The roads are safer because of this advancement, so, increasing demand for global autonomous vehicles. For instance, almost 11 Tesla’s self-driving vehicle accidents have been reported in the last four years which resulted in 17 injuries and, regrettably, one death. This means its vehicle camera systems assist in improving situational awareness for drivers, which decreases major causes of accidents. Additionally, according to the National Highway Traffic Safety Administration in 2022, autonomous vehicles will be safe, and it makes sense to put more trust in technology to keep safe. The autonomous vehicle industry is growing at a 16% annual rate. That provides the most advanced systems like as automate the parking process, from locating an open space to performing the steering, acceleration and breaking of the vehicle without driver interference. Therefore, this is driving the growth of the global automotive surround view system market.

However, higher installation costs and strict government regulations regarding obtaining an NOC for installation are hampering the growth of the global automotive surround view system market. Furthermore, companies in the automotive surround view system market are increasing their product development and investment revenue opportunities to gain an edge over competitors.

Global Automotive Surround View Systems Market Regional Analysis

Geographically, North America accounts for the leading share in the automotive surround view system market. The rising demand for research and development in automotive systems in the North American region. The automotive surround view system incorporates various new technologies and advanced features, including the next generation cameras and electronic control units, which enable the benefits of 3D and surround view. As a result, market demand is increasing. Recently, OMNIVISION Technologies, Inc. has introduced the new, high-performance OAX4000. As well, according to the American Automakers organization, automakers and their suppliers invested approximately US$ 23 billion in 2021, representing approximately $1,333 of R&D. In the automotive environment, the consumer demand for more product variety, better performance, improved safety, higher emission standards, and lower costs, among other things, is beneficial. As a result, the automotive surround-view system market in North America is experiencing increased demand.

Europe is the second-dominating region in the automotive surround view system market. The rise in adoption of advanced driver-assistance system technology is expected to drive the growth of the automotive surround view systems market. So, increasing demand for ADAS technology in the European region. For example, according to ADAC driving mobility for Europe in 2022 the European Union counts 560 passenger cars per 1,000 inhabitants on average, and some 81 commercial vehicles and buses. According to International Council on Clean Transportation, the EU markets for BEVs in 2020 were the Netherlands, nearly 21 % of new car sales were battery electric, Outside the EU, sales of electric vehicles were particularly high in Norway, where 20 % of new cars sold in 2020 were PHEVs, 54 % were BEVs, and an additional 9 % were HEVs. Automotive surround view system are technological features specially designed to ensure drivers' safety while driving a vehicle. Therefore, rising demand for ADAS technology is driving the growth of the automotive surround view systems market in Europe.

By Regional & Country Analysis

North America

• U.S.
• Mexico
• Canada

 Europe

• UK
• France
• Germany
• Italy

The Asia Pacific

• China
• Japan
• India
• Southeast Asia

South America

• Brazil
• Argentina
• Columbia

The Middle East and Africa

• GCC
• Africa
• Rest of the Middle East and Africa

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 4.43 Billion
Base year considered	2020
Forecast Period CAGR %:	16.20%
Market Size Expected in 2028:	USD 12.68 Billion
Tables, Charts & Figures:	175
Pages	300
Automotive Surround View Systems Companies	BorgWarner, Clarion Co, Continental AG, Fujitsu, Gazer, Intel Corp., NXP Semiconductors., OmniVision Technologies, Renesas Electronics Corp., Samsung, Robert Bosch GmbH, Samsung Electronics Co, Texas Instruments, Valeo SA, Magna International and many others.
Segments Covered	By Type, By Number of Camera, By Component, By Operation, By End- User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa