Global Vehicle Surveillance Market Expected To Reach USD 42.5 Billion By 2021

Date: 2017-08-11

Vehicle surveillance provides a vehicle monitoring solution designed for school buses, other commercial vehicles and private cars. Vehicle monitoring packages are designed to protect your car and assets from fraudulent liability and theft.

Over the past years, the demand for premium cars equipped with vehicle surveillance systems, now most of vehicles are equipped with vehicle surveillance, in addition, the demand for out-vehicle surveillance to prevent traffic fatalities would drive the vehicle surveillance market, according to research, the global Vehicle Surveillance market is expected to reach USD 42.5 billion by 2021.

Along with the increasing production of vehicles, worldwide automobile production exceed 90 million in 2016, and 93 million automobiles expected be produced in 2017; some 69.2 million cars were produced worldwide and about 23.2 million such vehicles were produced globally in 2016, under increasing production of vehicles, global Vehicle surveillance market is expected to register a CAGR of 8.7% over 2017-2021.

Geographically, North America is expected to remain the largest market during the forecast period due to the stringent government regulations for improved safety and security. The Asia Pacific is expected to grow at largest CAGR over the forecast period as where is the largest car market both in terms of production and demand; the region followed by Europe, the Europe is to witness to register a CAGR of 6.1% during the forecast period.

Global top manufacturers operating in Vehicle surveillance market are Robert Bosch GmbH, Delphi Automotive PLC, DENSO Corporation, Continental AG, Magna International Inc., Autoliv Inc., Valeo SA, Honeywell Security Group, Hangzhou Hikvision Digital Technology Co. Ltd., Bosch Security Systems, Zhejiang Dahua Technology Co. Ltd., FLIR Systems Inc., COMM-PORT technologies, Law Enforcement Associates, SecuScan among others.

Global Vehicle surveillance market share by geography as following:

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 1-510-400-8520


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