Market Overview:
The global automotive AVM (around view monitoring) market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to register a CAGR of 16.4% over the forecast period (2018–2030), according to a new study by Transparency Market Research (TMR). The increasing demand for passenger vehicles and commercial vehicles across the globe is expected to drive the growth of the global automotive AVM market during the forecast period. The OEM segment is anticipated to account for a major share of the global automotive AVM market in 2018. The increasing demand for advanced safety features in passenger vehicles and commercial vehicles is expected to fuel the growth of this segment during the forecast period.
Product Definition:
An automotive AVM system typically includes four to six cameras that are mounted around the vehicle to provide a view of the surroundings. The images from the cameras are processed by software to create a bird's-eye or top-down view of the vehicle and its surroundings. This can be helpful when maneuvering in tight spaces, such as in parking lots or garages.
OEM:
OEM (Original Equipment Manufacturers) is a term used in the automotive industry for referring to companies that manufacture parts for vehicles built by other OEMs. The automotive industry has witnessed an increase in demand for high-end technology features such as gesture recognition, telematics, and infotainment systems. These advanced systems are integrated into cars by way of aftermarket products or factory installed options.
Aftermarket:
Aftermarket is the second hand or new parts market for consumer electronic goods. The automotive aftermarket consists of replacement and original equipment parts which are sold to consumers through either private dealers or company-owned retail stores. Aftermarket products are used in the production of OEM products. Some examples where aftermarket components have been used include Ford Edelbrock carburetor kits, Federal-Mogul generators, and Holley carburetors among others.
Application Insights:
The passenger vehicle application segment accounted for the largest share of over 70.0% in 2017. The rising demand for Around View Monitoring systems in premium and luxury cars is expected to drive the growth of this segment over the forecast period. These systems help improve driver behavior and reduce accidents by providing continuous monitoring around a car¢â‚¬â„¢s surroundings through multiple cameras and radar sensors.
The commercial vehicles application segment is expected to witness significant growth over the forecast period owing to increasing adoption across various regions including North America, Europe, Asia Pacific, Latin America.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. This can be attributed to increasing adoption of advanced driver assistance systems (ADAS) and vehicle-to-vehicle communication technologies by manufacturers in this region. Moreover, presence of prominent players such as Continental AG, ZF Friedrichshafen AG, Autoliv Inc., andDenso Corporation; has led to increased penetration of AVM systems in this regional market.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising demand for passenger cars with advanced safety features across emerging economies including China and India.
The European market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for luxury and comfort in vehicles
- Growing awareness about the benefits of AVM systems
- Rising number of accidents and fatalities due to lack of visibility while driving
- Government regulations mandating the installation of AVM systems in all new vehicles
- Technological advancements making AVM systems more efficient and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive AVM (Around View Monitoring) Market Research Report
By Type
OEM, Aftermarket
By Application
Passenger Vehicle, Commercial Vehicles
By Companies
Valeo, Continental, Magna, Hitachi, Densoten, Panasonic, Bosch, Hyundai Mobis, Desay SV, Baolong
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Automotive AVM (Around View Monitoring) Market Report Segments:
The global Automotive AVM (Around View Monitoring) market is segmented on the basis of:
Types
OEM, Aftermarket
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Valeo
- Continental
- Magna
- Hitachi
- Densoten
- Panasonic
- Bosch
- Hyundai Mobis
- Desay SV
- Baolong
Highlights of The Automotive AVM (Around View Monitoring) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- OEM
- Aftermarket
- By Application:
- Passenger Vehicle
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive AVM (Around View Monitoring) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive AVM is a technology that allows drivers to see around them while driving. It uses cameras and sensors to create a three-dimensional view of the surrounding area. This information can be used to help drivers avoid accidents, and it can also be used for other purposes such as navigation.
Some of the key players operating in the automotive avm (around view monitoring) market are Valeo, Continental, Magna, Hitachi, Densoten, Panasonic, Bosch, Hyundai Mobis, Desay SV, Baolong.
The automotive avm (around view monitoring) market is expected to grow at a compound annual growth rate of 16.4%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive AVM (Around View Monitoring) Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automotive AVM (Around View Monitoring) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive AVM (Around View Monitoring) Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automotive AVM (Around View Monitoring) Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automotive AVM (Around View Monitoring) Market Size & Forecast, 2020-2028 4.5.1 Automotive AVM (Around View Monitoring) Market Size and Y-o-Y Growth 4.5.2 Automotive AVM (Around View Monitoring) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 OEM
5.2.2 Aftermarket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive AVM (Around View Monitoring) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive AVM (Around View Monitoring) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 OEM
9.6.2 Aftermarket
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 OEM
10.6.2 Aftermarket
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 OEM
11.6.2 Aftermarket
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 OEM
12.6.2 Aftermarket
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 OEM
13.6.2 Aftermarket
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive AVM (Around View Monitoring) Market: Competitive Dashboard
14.2 Global Automotive AVM (Around View Monitoring) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Valeo
14.3.2 Continental
14.3.3 Magna
14.3.4 Hitachi
14.3.5 Densoten
14.3.6 Panasonic
14.3.7 Bosch
14.3.8 Hyundai Mobis
14.3.9 Desay SV
14.3.10 Baolong