In-Vehicle Video Surveillance Market 2021 Leading Growth Drivers, Emerging Audience, Segments, Sales, Profits & Analysis
In-Vehicle Video
Surveillance Market Scenario:
In vehicle video
surveillance is gaining popularity in many countries with introduction of
dashcam video cameras for vehicles to film the road in front of or behind the
vehicle for evidence in the event of an accident or undisciplined driving. With
automotive industry focused on developing driverless cars, many drivers look
forward to enhancing their vehicles and improving in-vehicle experience. A
global trend among the drivers is to embrace in vehicle video surveillance by
adopting on-board cameras into their vehicles. Advancements in video
surveillance technology is one of the key drivers for adoption of in vehicle
video surveillance systems opening new doors for on-board cameras for recording
the road trip, merging and reducing the blind spots, and preventing parking
mishaps. In vehicle video surveillance systems are rapidly adopted by school
buses to monitor students, drivers and employees. Furthermore, government
organizations are adopting In-Vehicle
Video Surveillance Market Leader for public safety for
undercover surveillance in fleet of tactical vehicles, combat vehicles and
reconnaissance vehicles.
Governments in various
countries around the globe have already adopted in vehicle video surveillance
for metro trains to ensure the safety of the passengers and drivers by
providing real-time video recording while the train is in operation. Many
passenger transit buses are now equipped with digital bus cameras offering and
expert witness in case of any incident, further enhancing protection of the
civilians. Law enforcement agencies around the world are adopting in vehicle
video surveillance for police vehicles to protect police officers. Most of the
healthcare and medical sector deploys in vehicle video surveillance in
Emergency Medical Service (EMS) vehicles to monitor the patient condition
inside the ambulance. These are the key driving factors for the growth of in
vehicle video surveillance market offering various hardware, software and
services for in vehicle video surveillance. With growing IoT devices, there has
been a rising demand for connectivity and security of people in vehicles such
as cars, trucks, and trains which plunges the adoption of in vehicle video
surveillance systems.
In Vehicle Video
Surveillance market may face challenge to implement high-bandwidth
communication technologies and high-capacity storage devices to transfer and
record real-time high-definition video and images. In addition, data privacy
issues and high costs associated with installation and maintenance of these
systems pose challenge towards the market growth.
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Major Key Players:
·
Robert Bosch GmbH
(Germany)
·
Delphi Automotive PLC
(U.K.)
·
DENSO Corporation (Japan)
·
Continental AG (Germany)
·
Honeywell Security Group
(U.S.)
·
Hangzhou Hikvision Digital
Technology Co. Ltd. (China)
·
COMM-PORT Technologies
(U.S.)
·
Law Enforcement Associates
(U.S.)
·
SecuScan (Germany)
·
Seon (Canada)
Segments:
Segmentation by Component: Hardware, software and services.
The hardware solutions include cameras, storage devices, video encoders, and
other accessories. The software solutions include video management systems
(VMS) and video analytics. The services include maintenance and installation
services.
Segmentation by Application: Trains, buses, cars,
transport vehicles, marine vehicles, aircrafts, drones and others
Segmentation by Vertical: Transportation &
logistics, law enforcement, government, industrial, automotive, military and
defence, and others.
Segmentation by Region: North America, Europe, Asia
Pacific and Rest of the world.
Regional Analysis:
The regional
analysis of In Vehicle Video Surveillance market is studied for North America,
Europe, Asia Pacific and Rest of the World. North America is estimated to
account for the largest share of the market due to high penetration of in
vehicle video surveillance systems in various applications due to government
regulations for improved safety and security of the civilians. Furthermore, the
region has high deployment of in vehicle video surveillance solutions for first
responder vehicles, public transit vehicles, school buses and military vehicles
to ensure reduction of illegal and criminal activities in US, Canada and
Mexico, further driving the market growth.
In European
region, many countries have deployed in vehicle video surveillance systems in
buses, subways, ferries and other mass transit vehicles due to recently
increasing terror attacks which drives the market growth in European region.
The Asia-Pacific countries such as China and India provide a tremendous growth
opportunity for in vehicle video surveillance market due to increasing
penetration of advanced cars with safety installations, automotive night vision
systems and driver monitoring systems. Furthermore, in countries such as Japan,
Australia and Singapore the automotive sector offers superior safety systems in
cars for their customers. Another factor that drives the growth of in vehicle
video surveillance market in this region is the government investments to adopt
high end in vehicle video surveillance for public transit vehicles to enhance
passenger and public safety.
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