IMARC Group has recently released a new research study titled “Automotive Surround View Systems Market Report by Type (Touch Screen Control, Infrared Remote Control, and Others), Functioning (Automatic, Manual), Vehicle Type (Commercial Vehicles, Passenger Vehicles), End-User (Aftermarket, OEMs), and Region 2024-2032”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global automotive surround view systems market size reached US$ 5.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.7 Billion by 2032, exhibiting a growth rate (CAGR) of 14.8% during 2024-2032.
Global Automotive Surround View Systems Market Trends:
The burgeoning integration of advanced visualization technologies, such as augmented reality (AR), to enhance the functionality of surround view systems is positively impacting the market growth. Additionally, the ongoing shift towards fully autonomous vehicles, leading to collaborations between automotive manufacturers and technology companies to develop next generation surround view systems that offer more precise detection and wider coverage areas, is fostering the market growth. Furthermore, the increasing focus on electric vehicles (EVs) that integrate surround view systems as part of their advanced feature is acting as a growth-inducing factor.
