Vehicle Surveillance Market - Forecasts from 2020 to 2025

The global vehicle surveillance systems market is projected to grow at a CAGR of 9.17% to reach a value of US$29.203 billion by 2025 from US$17.254 billion in 2019

There are increasing number of security concerns among the various end-user industries such as government, and military and defense among others, and consumers in order to maximize the security of their vehicles and their buildings, which is encouraging the adoption of solutions such as vehicle surveillance solutions in order to facilitate the compliance with strict and restricted access security measures to keep the vehicles as well as the buildings safe, thus leading to a surge in the market growth over the forecast period. The increasing cases of vehicle thefts are increasing the adoption of in-vehicle surveillance systems in order to improve the security of the vehicles and to prevent theft. Thus, this factor is also contributing to the market growth. In addition, the increasing number of accidents on the roads due to driver’s inappropriate behavior and improper driving that is resulting in serious deaths and injuries to the occupants as well a the pedestrians, due to which people are increasingly preferring to use in-vehicle surveillance systems, thus driving the market growth.

Furthermore, the players are increasingly involved in the market by offering products with advanced features and in order to boost the adoption of vehicle surveillance solutions to increase their market share and contribute to the market growth over the forecast period. Advantech offers two products called the “TREK-134” and the ‘TREK-164” and some other products in their TREK product lineup. The TREK-134 is a blind-spot detection module, which is an in-vehicle surveillance solution that makes the use of technologies such as image recognition and algorithms with real-time audiovisual alarm notifications to alert the driver in case of potential collisions. It is designed for the basic purpose of being used in trucks, buses, heavy-duty fleet vehicles.

Other premium features include an AHD 720p camera with an angle of 180° with a wide-angle view so that it facilitates the detection of moving objects, which include pedestrians, cyclists, and people on motorcycles and also supports HDR imaging to improve the quality of images in any environment. On the other hand, the TREK-674 is a module designed to be compact and of vehicle grade, with a dual-core computing box, designed for the purpose of providing high-quality video surveillance and fleet management for a variety of vehicles such as ambulance, police cars, fire engines, and buses. Some of the other features it has support for a variety of vehicle protocols for recording driver behavior and management. supporting 8 channel camera, a USB port, and reliable on-road recording and remote monitoring.

The global vehicle surveillance system market is segmented based on vehicle type, end-user industry, and geography. By vehicle type, the global vehicle surveillance market is segmented as passenger vehicles and commercial vehicles. The global market is further segmented by the end-user industry as military and defense, government, energy and power, automotive, and others.

Military and Defense to hold a significant share and to contribute to the market growth

The military and defense industry is estimated to hold a significant share in the market and contribute to the market growth over the forecast period. This is due to the fact that there is an increasing need for security and compliance in this industry, which requires all the vehicles entering any military or defense facility to be screened and analyzed thoroughly to ensure there are no potentially harmful materials in the vehicle capable of causing harm in the war of increasing terrorist attacks and activities.

The Asia Pacific region to show considerable growth over the forecast period

Geographically, the global vehicle surveillance system is segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific. The North American region is expected to hold a noteworthy market share and grow at a significant pace over the forecast owing to the well-developed military and defense sector in countries such as the US. In addition, the rapid industrialization and urbanization in this region is rising, resulting in the construction of more government facilities and organization buildings, which require more and top of the class security measures. The Asia Pacific region is estimated to show considerable growth and increase its share over the forecast period, which is attributable to the fact that there are increasing investments and initiatives being taken the government and automakers to boost the production of autonomous and connected cars in countries such as China and India to accelerate the development of the automotive sector. Hence, this is pushing the demand for vehicle surveillance systems across this region.

The key market players covered as a part of this report are Magna International Inc., Continental AG, Robert Bosch GmbH, Advantech Co., Ltd, IEI Integration Corp., Innotec Solutions Pte Ltd., Shyam Networks, W.W. Grainger, Inc., Lanner Electronics Incorporated, and EyeRide.

Segmentation

By Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

By End-User Industry

• Military and Defense
• Government
• Energy and Power
• Automotive
• Others

By Geography

North America

• USA
• Canada
• Mexico

South America

• Brazil
• Argentina
• Others

Europe

• Germany
• France
• United Kingdom
• Spain
• Others

Middle East and Africa

• Saudi Arabia
• UAE
• Israel
• Others

Asia Pacific

• China
• Japan
• South Korea
• India
• Others