According to a new market report published by
Lucintel, the future of the global vehicle surveillance market looks promising
with opportunities in the passenger car and commercial vehicle industries. The
global vehicle surveillance market is expected to reach an estimated $54.6 billion
by 2021 and it is forecast to grow at a CAGR of 13.4% from 2016 to 2021. The
major drivers of growth for this market are growing demand for premium cars
with advanced safety and security features and stringent government regulations
concerning passenger safety.
In this market, in-vehicle, out vehicle, and
under vehicle are the segments by product type. Lucintel forecasts that the in-vehicle
segment is expected to remain the largest segment due to the growth in vehicle
production and increasing demand for parking assistance, blind spot detection,
and information and navigation system to meet the safety and security requirements.
On the basis of its comprehensive research, Lucintel predicts that under
vehicle surveillance system (UVSS) is likely to experience the highest growth
in the forecast period supported by increasing demand in the areas of military
& defense and government buildings to ensure the public safety.
Within the in-vehicle surveillance market by
vehicle type, passenger car is expected to remain the largest market due to the
increasing demand for premium cars. The commercial vehicle segment is expected
to experience the highest growth rate in the forecast period supported by
increasing demand for vehicle tracking and information system.
In the in-vehicle surveillance market by
technology type, adaptive cruise control, parking assistance system, blind spot
detection systems, lane departure warning system, heads-up display, and GPS are
used for vehicle surveillance. Lucintel forecasts that the GPS segment is expected
to remain the largest segment due to the growing demand for vehicle tracking in
cargo companies, tour and travels, and banking industry. Lucintel predicts that adaptive cruise
control is likely to experience the highest growth in the forecast period supported
by increasing concern towards passenger safety by automatic adjusting the speed
and maintaining the distance.
North America is expected to remain the
largest region during the forecast period due to the stringent government regulations
for improved safety and security.
Asia Pacific and the Rest of the World are
expected to witness good growth over the forecast period because of growing
awareness related to transportation, passenger safety, and increasing
automotive production.
For business expansion, the report suggests
innovation and new product development to reduce cost and improve safety. The
report further suggests the development of partnerships with customers to
create win-win situations and development of low-cost solutions for the end
user.
Emerging trends, which have a direct impact on
the dynamics of the industry, include advanced video surveillance as a service
(VSAAS) solutions for out-vehicle surveillance and increasing use of high
definition camera. Robert
Bosch GmbH, Delphi Automotive PLC, Continental AG, Magna International Inc. and
Comm-Port Technologies are among the major suppliers of the vehicle
surveillance.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the global vehicle surveillance
market by type, technology, end use, and region and has come up with a
comprehensive research report entitled “Growth
Opportunities in the Global Vehicle Surveillance Market 2016-2021: Trends,
Forecast, and Opportunity Analysis.” The Lucintel report serves as
a spring board for growth strategy as it provides a comprehensive data and
analysis on trends, key drivers, and directions. The study includes a forecast
for the global vehicle surveillance market by type, technology, end use, and
region as follows:
By type [Value ($M) analysis from 2010 to 2021]:
- In-Vehicle Surveillance
- Out-Vehicle Surveillance
- Under-Vehicle Surveillance
In-vehicle surveillance market by vehicle type
[Value ($M) analysis from 2010 to 2021]:
- Passenger Car
- Small Car
- Medium Car
- Large Car
- Commercial Vehicles
In-vehicle surveillance market by technology [Value ($M) analysis for 2015 and 2021]:
- Adaptive cruise control
- Parking assistance system
- Blind spot detection systems
- Lane departure warning system
- Heads-up display
- GPS
- Others
Under vehicle surveillance system (UVSS) by type
[Value ($M) analysis from 2010 to 2021]:
- Fixed type
- Portable type
Under vehicle surveillance system (UVSS) by
end use industry [Value ($M) analysis
from 2010 to 2021]:
- Military & Defense
- Government Buildings, Embassy compounds
- Energy plant entrances
- Commercial
- Others
By Region [Value
($M) analysis for 2010 – 2021]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
This
176-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or
helpdesk@lucintel.com. Lucintel offerings include Mass
Transportation, Transportation
Market Report, SWOT
Matrix,
Due Diligence and
Mergers & Acquisitions.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most
promising, high-growth opportunities for the global vehicle surveillance market
by type (in-vehicle surveillance, out-vehicle surveillance, and under vehicle
surveillance), In-vehicle surveillance by technology (adaptive cruise control,
parking assistance system, blind spot detection systems, lane departure warning
system, heads-up display, GPS, and others), In-vehicle surveillance by type
(passenger car and commercial vehicle), Under vehicle surveillance by vehicle
type (fixed and portable), Under vehicle surveillance by end use (military
& defense, government buildings, embassy compounds, energy plant entrances,
commercial, and others), and by region (North America, Europe, Asia Pacific,
and the Rest of the World)?
Q.
2 Which segments will grow at a faster
pace and why?
Q.3
Which regions will grow at a faster pace and why?
Q.4
What are the key factors affecting market dynamics? What are the drivers and
challenges of the market?
Q.5
What are the business risks and threats to the market?
Q.6
What are the emerging trends in this market and reasons behind them?
Q.7
What are some changing demands of customers in the market?
Q.8
What are the new developments in the market? Which companies are leading these
developments?
Q.9
Who are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
Q.10
What are some of the competitive products and processes in this area and how
big of a threat do they pose for loss of market share via materials or product
substitution?
Q.11
What M&A activity has occurred in the
last 5 years?
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