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Automotive Surround View System Market Share

Report ID: GMI10799
Published Date: Aug 2024
Report Format: PDF

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Automotive Surround View System Market Share

Magna and Continental are the major market players operating in the global automotive surround view system industry accounting for over 30% of market share in 2023. Magna focuses on innovation and technology to maintain its competitive edge. The company invests heavily in R&D to enhance its surround view camera systems, integrating advanced features such as machine learning and AI for improved object detection and safety.

Magna further collaborates with automotive OEMs to deliver customized surround view solutions, ensuring they meet the specific needs of different vehicle models. By continuously advancing its technology and forming strategic partnerships, Magna remains a key player in the surround view system market.

Continental is a major competitor in the automotive surround view system market, leveraging its expertise in sensor technology and ADAS to stay ahead. The company focuses on enhancing the functionality of its surround view systems by integrating them with other safety and driver-assistance technologies, such as lane departure warnings and adaptive cruise control. Continental also emphasizes cost-effective solutions, making its systems accessible to a broader range of vehicles.

Automotive Surround View System Market Companies

Major players operating in the automotive surround view system industry are:

Continental AG
Robert Bosch GmbH
Valeo S.A.
Magna International Inc.
Panasonic Corporation
Sony Corporation
NXP Semiconductors N.V.
Texas Instruments Incorporated
Omnivision Technologies, Inc.
Gentex Corporation
Renesas Electronics Corporation

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive surround view system reached USD 3.3 billion in 2023 and is set to register over 14.5% CAGR from 2024 to 2032, owing to increasing adoption of autonomous vehicles worldwide.

Automotive surround view system industry from the passenger cars segment held 70% share in 2023, due to growing consumer demand for safety and convenience features.

North America market accounted for 35% share in 2023, attributed to stringent vehicle safety regulations and the high adoption rate of advanced driver-assistance systems (ADAS) in the region.

Valeo S.A., Panasonic Corporation, Sony Corporation, NXP Semiconductors N.V., Texas Instruments Incorporated, Omnivision Technologies, Inc., Gentex Corporation, and Renesas Electronics Corporation, are some of the major automotive surround view system companies worldwide.