Automotive Surround View Systems Industry

Summary:

• The global automotive surround view systems market size reached US$ 5.2 Billion in 2023.
• The market is expected to reach US$ 18.7 Billion by 2032, exhibiting a growth rate (CAGR) of 14.8% during 2024-2032.
• Region-wise, the market has been segmented into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America.
• Based on the type, the market has been classified into touch screen control, infrared remote control, and others. 
• On the basis of functioning, the market has been bifurcated into automatic and manual.
• Based on the vehicle type, the market has been divided into commercial vehicles and passenger vehicles.
• On the basis of end-users, the market has been categorized into aftermarket and OEMs.
• The rise in home improvement and renovation activities is a primary driver of the automotive surround view systems market.
• Technological advancements and the integration of smart home technologies are reshaping the automotive surround view systems market.

Industry Trends and Drivers:

Growing Demand for Advanced Driver Assistance Systems (ADAS): The increasing demand for advanced driver assistance systems (ADAS) is driving the market growth. Moreover, the growing reliance of ADAS on technologies like surround view systems to provide