Research and Markets has announced the addition of the ‘Vehicle Surveillance Market - Forecast 2014-2021’ report to their offering.
Vehicle surveillance scope includes that. in-vehicle surveillance, under-vehicle surveillance, and out-vehicle surveillance.
The market is poised to witness a growth owing to increasing need for security and sales of premium cars. The demand for out-surveillance is estimated to be driven by the need to reduce fatalities from transportation.
The technological advancements and regulations present huge opportunities to the tier I suppliers in this market.
OEMs are developing innovative products to cater to the demands of security from the end-users. Various technologies such as parking assist systems, GPS, ACC and BSD are being integrated in the vehicles to improve safety and reduce fatalities.
During the forecast period, it is estimated that, parking assist and GPS segments will witness the highest growth owing to safety and convenience features offered by thee systems. However the prices of these systems are estimated to be a hindrance for its adoption in cost-sensitive markets.
This report identifies the global vehicle surveillance market size in for the year 2014-2016, and forecast of the same for year 2021.
It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to vehicle surveillance market.
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