Automotive Surround-View Systems Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2028
“The factors that propel the growth of the Automotive Surround-View Systems Market include growing use of automotive driver assistance system technology, increased expenditure on research & development in automotive industry, and rising safety concern among end users.�
Global automotive surround-view systems market is anticipated to witness an exponential growth in the forecast period. The automotive surround view system puts collectively a bird's eye view of the vehicle/car, by displaying all the sides of the car on the car's display screen. It is a developing automotive a dvanced driver assistance system (ADAS) technology that supports low speed vehicle maneuvers, such as slow curb side driving or while parking the vehicle. The factors that propel the growth of the market include growing use of automotive driver assistance system technology, increased expenditure on research & development in automotive industry, and rising safety concern among end users. On the other hand, there are factors that may hamper the growth of the market including higher installation price, and stringent government regulations on getting NOC for connection of this technology into vehicle. Automotive surround-view system market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.