According to study, “Global In-Vehicle Surveillance Market, by Solution (Blind Spot Detection System, Parking Assist System, Lane Departure Warning System, Head Up Display Device, GPS), Vehicle Type (Commercial, Passenger), Application – Forecast 2023” the key companies operating in the global in-vehicle surveillance market are Bosch Group, Delphi Automotive PLC, Zhejiang Dahua Technology Co. Ltd., Advantech Co. Ltd., Nexcom International Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., Seon, Amplicon Liveline Ltd, FLIR System Inc.
Surveillance is the monitoring of activities, behavior, or information for the intention of influencing, directing or managing. Surveillance comprises observation from a distance using electronic equipment, for instance closed-circuit television (CCTV), or interception of electronically transmitted information, such as internet traffic. The in-vehicle surveillance is a compelling arrangement in attenuation the crime rates on open public places particularly on the public transportation systems.
Based on component, global in-vehicle surveillance market is segmented into software, hardware, and services. The software solutions include video analytics and video management systems (VMS). The hardware solutions include cameras, video encoders, storage devices, and other accessories. The services include installation and maintenance services. Based on solution, market is segmented into Blind Spot Detection System (BSDS), Lane Departure Warning (LDW) system, Parking Assist System (PAS), Global Positioning System (GPS) and Head-Up Display Device (HUDD). BSDS used to view the traffic & vehicles around vehicle proximity. GPS segment is expected to witness the market due to improved network infrastructure and increase in technical expertise among people. Based on system type, market is segmented into IP surveillance, analog surveillance, and hybrid surveillance. Based on vehicle type, market is segmented into passenger vehicle and commercial vehicle. In addition, based on application, market is segmented into longstop object detection, traffic congestion and law enforcement.
The in-vehicle surveillance market is driven by increase in security concerns at public places, followed by proliferation of in-vehicle connectivity, increase in population, rise in m-commerce, advancement in technology & developed network architecture and emerges in high end-vehicle market in developing countries. In addition, an increase in security concern for digital business transaction is another major driven factor for the market. However, increase in requirement of sophisticated maintenance, data privacy issues, difficult implementation of high-bandwidth communication technologies & high capacity storage devices and complex features (high costs associated with the installation) may impact the market.
Nowadays, law enforcement agencies are adopting in-vehicle surveillance for police vehicles to protect police officers & healthcares, as well as medical sector, are deploying in-vehicle surveillance in Emergency Medical Service (EMS) vehicles in order to observe the patient condition inside the ambulance.
Based on geography, the North-American region holds major share, followed by European region in in-vehicle surveillance market owing to strict government regulations for enhanced safety & security of the civilians and increase in technological advancements in the region. The Asian-Pacific region is expected to witness higher growth rate due to increase in terror attacks over the forecast period. It is anticipated that the market will be reached at US $5.6 billion by 2023, by growing at a CAGR of 26% during the anticipate period.
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Ankur Gupta, Head Marketing & Communications