360 Around View Monitor Market - A Global and Regional Analysis: Focus on End User, Product, and Region - Analysis and Forecast, 2024 - 2031

The global market overview of the "360 Around View Monitor Market" provides a unique perspective on the key trends influencing the industry worldwide and in major markets. Compiled by our most experienced analysts, these global industrial reports offer insights into critical industry performance trends, demand drivers, trade dynamics, leading companies, and future trends. The 360 Around View Monitor market is projected to experience an annual growth rate of 10.3% from 2024 to 2031.

360 Around View Monitor and its Market Introduction

A 360 Around View Monitor is a sophisticated automotive technology that utilizes multiple cameras to provide the driver with a bird's eye view of the vehicle and its surroundings. The purpose of the 360 Around View Monitor is to enhance safety and convenience by eliminating blind spots, assisting with parking and maneuvering in tight spaces.

Advantages of the 360 Around View Monitor include improved visibility, easier parking, reduced risk of accidents, and overall peace of mind for the driver. As a result, the demand for this technology is increasing, driving growth in the 360 Around View Monitor Market. The market is expected to grow at a CAGR of % during the forecasted period, as more automakers integrate this feature into their vehicles to meet consumer demands for safer and more advanced driving technologies.

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360 Around View Monitor Market Segmentation

The 360 Around View Monitor Market Analysis by Types is Segmented into:

• OEM
• AM

There are two types of 360 Around View Monitor systems available in the market: OEM (Original Equipment Manufacturer) and AM (Aftermarket). OEM systems are integrated directly into the vehicle by the manufacturer, while AM systems can be purchased separately and installed by the consumer or a third-party. These types boost the demand for 360 Around View Monitors by offering a wide range of options for vehicle owners to choose from, increasing convenience and safety while driving, and enhancing the overall driving experience.

The 360 Around View Monitor Market Industry Research by Application is Segmented into:

• Passenger Car
• Commercial Vehicle

The application of 360 Around View Monitor in passenger cars and commercial vehicles provides a bird's eye view of the vehicle and its surroundings, aiding in parking, maneuvering in tight spaces, and increasing overall safety. The monitor uses multiple cameras mounted on the vehicle to create a 360-degree view, helping drivers navigate challenging situations with ease. The fastest growing application segment in terms of revenue is the passenger car market, as more and more car manufacturers are incorporating this technology into their vehicles to enhance driver experience and safety.

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360 Around View Monitor Market Trends

- Integration of advanced driver assistance systems (ADAS) technology: The incorporation of features such as moving object detection, automatic braking, and lane departure warning systems into 360 Around View Monitors is enhancing driver safety and convenience.

- Adoption of artificial intelligence (AI) for enhanced image processing: AI algorithms are being used to improve image recognition and object detection capabilities, allowing for more accurate and reliable monitoring.

- Increasing consumer demand for connected and intelligent vehicles: Consumers are increasingly seeking vehicles equipped with advanced monitoring systems like 360 Around View Monitors that provide a comprehensive view of the vehicle's surroundings.

- Industry disruption by electric and autonomous vehicles: The rise of electric and autonomous vehicles is driving the demand for advanced monitoring systems, driving the growth of the 360 Around View Monitor market.

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Geographical Spread and Market Dynamics of the 360 Around View Monitor Market

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The 360 Around View Monitor market in North America is driven by the increasing demand for advanced safety features in vehicles, particularly in the United States. In Europe, Germany is a key market due to the presence of major automotive manufacturers. In Asia-Pacific, China and Japan are leading the market with the growing adoption of advanced technologies in vehicles. Latin America is also witnessing growth in the market, with Mexico and Brazil being prominent markets. The Middle East & Africa region is expected to experience significant growth, especially in countries like Saudi Arabia and UAE.

Key players in the market include Valeo, Continental, Magna International, Hitachi Automotive, Fujitsu, Ficosa, Bosch, Hyundai Mobis, Desaysv, and Baolong. These companies are focusing on developing innovative technologies and expanding their product offerings to capitalize on the growing demand for around view monitors in the automotive sector.

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Growth Prospects and Market Forecast for the 360 Around View Monitor Market

The expected CAGR for the 360 Around View Monitor Market during the forecasted period is projected to be around 12% to 15%, driven by increasing demand for advanced driver assistance systems (ADAS) and safety features in vehicles. Innovative growth drivers such as the integration of artificial intelligence and machine learning algorithms to enhance the performance of around view monitors, along with the development of high-resolution cameras and sensors, are expected to propel market growth.

To further increase growth prospects, companies can focus on deploying innovative strategies such as partnerships with automotive OEMs to incorporate around view monitors as a standard feature in vehicles, as well as leveraging technologies like augmented reality to provide a more immersive and intuitive driving experience. Additionally, trends such as the increasing adoption of electric vehicles and autonomous driving technology are expected to create new opportunities for the 360 Around View Monitor Market, leading to a higher CAGR in the coming years.

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360 Around View Monitor Market Competitive Landscape

• Valeo
• Continental
• Magna International
• Hitachi Automotive
• Fujitsu
• Ficosa
• Bosch
• Hyundai Mobis
• Desaysv
• Baolong

- Valeo: Valeo is a leading player in the 360 around view monitor market, offering innovative solutions for advanced driver assistance systems. The company has a strong track record in delivering cutting-edge technologies and has a solid presence in the global market.

- Continental: Continental is another key player in the market, known for its expertise in automotive technology and safety solutions. The company has a strong focus on innovation and has been investing heavily in research and development to stay ahead of the competition.

- Magna International: Magna International is a major player in the automotive industry, offering a wide range of products and services, including around view monitor systems. The company has a strong reputation for quality and reliability, making it a preferred choice among automakers.

- Hitachi Automotive: Hitachi Automotive is a renowned player in the market, known for its advanced automotive technologies and solutions. The company has a strong presence in the around view monitor market, offering high-quality products with innovative features.

- Bosch: Bosch is a leading player in the automotive technology market, offering a range of products and solutions including around view monitor systems. The company has a strong global presence and a reputation for delivering high-performance products.

- Hyundai Mobis: Hyundai Mobis is a key player in the market, specializing in automotive components and systems. The company has been investing in advanced technologies and innovation to drive growth in the around view monitor market.

- Desaysv: Desaysv is a prominent player in the market, known for its expertise in automotive electronics and safety solutions. The company has a strong focus on innovation and has been expanding its presence in the global market.

- Baolong: Baolong is a well-established player in the automotive technology market, offering a range of products and solutions including around view monitor systems. The company has a strong track record in delivering quality products and has been driving growth in the market.

Sales revenue:

- Valeo: $ billion

- Continental: $44.5 billion

- Magna International: $40.8 billion

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