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Intelligent Transportation System Market is Booming Worldwide Scrutinized in New Research

  Market Overview   Market Research Future (MRFR) reveals multiple causes that are likely to support the Intelligent Transportation System Market 2021 in the years to come. The expansion of intelligent transportation system market is likely at 9.31% CAGR in the analysis period 2021 to 2030. By 2030, the intelligent transportation system market is expected to garner USD 42.67 Bn. A comprehensive analysis for intelligent transportation system market dynamics in COVID 19 is elaborated in the report. The gradual adoption of intelligent transportation system across the information and communications technology sector can prompt the expansion of the Intelligent Transportation System (ITS) Market in the years to come.  The rise in number of cars and other types of transportation has triggered the need for advanced commute solutions. The increase in the need for effective traffic management by increasing value of time can contribute to the ITS market rise. The introduction of ...

In-Vehicle Video Surveillance Market Explored in Latest Research

 Market Dynamics

Significant factors driving the growth of the demand for in-vehicle surveillance are growing emphasis on vehicle connectivity and rising public safety concerns.

Technology giants such as Bosch Group, Delphi Automotive PLC, Zhejiang Dahua Technology Co. Ltd. & Advantech Co. Ltd. are the key players in the In-vehicle Video surveillance Market. The increase in security issues for digital business transactions is another main factor driving the growth of the in-vehicle surveillance sector. Increasing market acceptance of in-vehicle surveillance indicates that these companies give their customers a more advanced yet safe platform for monetary transactions. These factors are, therefore, expected to drive the demand for in-vehicle surveillance in the coming years.

Due to improved network infrastructure and increased technological expertise among people, the GPS system is becoming increasingly popular and dominates the market for vehicle surveillance. The increasing technological innovation in the automotive sector and the growing market for the Internet of Things, the demand for connectivity in vehicles, particularly in cars and trucks, is rising rapidly. The existence of connectivity in cars through digital technology will improve the vehicle's internal functionality and increase the comfort of passengers in the vehicle. This also provides automakers with the advantage of linking all objects, including smartphones, tracking systems, traffic lights, and other motor vehicles. As a result, in-vehicle connectivity also boosts the in-vehicle surveillance system's market growth, especially in passenger vehicles.

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Market Segmentation

The global in-vehicle surveillance market has been segmented by solution, vehicle type, and application.

Based on the solution, the global in-vehicle surveillance market has been segmented into blind spot detection system, parking assist system, lane departure warning system, head up display device, and global positioning system. Nonetheless, the sub-segment of the global positioning system is projected to have the largest market share of the in-vehicle surveillance market. 

Based on vehicle type, the global in-vehicle surveillance market has been segmented into commercial and passenger.

Based on the application, the global in-vehicle surveillance market has been segmented into traffic congestion, longstop object detection, law enforcement, and others.

 

Regional Analysis

Based on region, the global in-vehicle surveillance market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.

North America dominates the global market for in-vehicle surveillance, followed by Europe, the second-largest market due to the growing m-commerce industry, while the Asia Pacific is the third largest.

Key Players

The prominent participants identified by MRFR in the in-vehicle surveillance market are – Bosch Group (Germany), Delphi Automotive PLC (U.K.), Zhejiang Dahua Technology Co. Ltd. (China), Advantech Co. Ltd. (Taiwan), Nexcom International Co. Ltd. (Taiwan), Hangzhou Hikvision Digital Technology Co. Ltd. (China) Seon (Canada), Amplicon Liveline Ltd. (UK) and FLIR System Inc. (U.S.).

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