In order to study the various trends and patterns prevailing in the concerned market, Kenneth Research has included a new report titled “In-Vehicle Surveillance Market 2016 – 2025” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Global In-Vehicle Surveillance Market, by Solution (Blind Spot Detection System, Parking Assist System, Lane Departure Warning System, Head Up Display Device, GPS), Vehicle Type (Commercial, Passenger), Application – Forecast 2023
The main reason behind adopting the in-vehicle surveillance is to abstain from compromising and threatening circumstances in crowded areas. So it is essential to monitor the general population crossing people in general region, contingent upon which counter arrangement could be chosen when it is required. The in-vehicle surveillance is a compelling arrangement in lessening the crime rates on open public places particularly on the public transportation systems. Main factors driving the development of in-vehicle surveillance market is the developing accentuation on in vehicle connectivity and expanding security concerns at public spots. The global in-vehicle surveillance market is anticipated to reach the approximate value of USD 5.6 Billion by the year 2023, by growing at a CAGR of 26% during the forecast period 2017 and 2023.
Increase in the security concerns for digital business transaction is another chief factor driving the development of In-Vehicle Surveillance market. The expanding acknowledgment of In-Vehicle Surveillance by the consumers is making these suppliers to offer increasingly innovative yet one of the most secure platform for money related exchanges and transactions to their clients. These major factors are hence expected to drive the In-Vehicle Surveillance market in the upcoming years.
The global In-vehicle surveillance market is bifurcated on the basis of its solution, application, vehicle type and regional demand. On the basis of its solution, the market is divided into parking assist system, blind spot detection system, lane departure warning system, global positioning system and head up display device. Based on its vehicle type, the global market is classified into passenger and commercial. Again, on the basis of its application, the market is segmented into longstop object detection, traffic congestion, law enforcement among others.
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Geographically, the global In-vehicle surveillance market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Some of the major industry players in the global in-vehicle surveillance market are – Bosch Group (Germany), Zhejiang Dahua Technology Co. Ltd. (China), Delphi Automotive PLC (U.K.), Advantech Co. Ltd. (Taiwan), Hangzhou Hikvision Digital Technology Co. Ltd. (China), Nexcom International Co. Ltd. (Taiwan), Seon (Canada), FLIR System Inc. (U.S.), Amplicon Liveline Ltd. (UK) among others.
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