The global under vehicle surveillance market is expected to reach approximately USD 10 billion by the end of 2023 with 13% CAGR during forecast period 2017-2023. Under Vehicle Surveillance Market, By Type (Fixed, Portable), By End-users (Military & Defense, Commercial) – Global Forecast 2023
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Under-Vehicle Surveillance Market Competitive Dashboard:
Delphi Automotive PLC (U.K.), Continental AG (Germany), Robert Bosch GmbH (Germany), DENSO Corporation (Japan), SecuScan (Germany), COMM-PORT Technologies (U.S.), Honeywell Security Group (U.S.), Law Enforcement Associates (U.S.), and Hangzhou Hikvision Digital Technology Co. Ltd. (China) are some of the major participants of the global under vehicle surveillance market. Market players are expected to invest in technological innovations for strengthening their positions in the global market place over the next couple of years. In addition, the focus n the expansion of global footprint is poised to encourage robust and healthy competition in the under vehicle surveillance market in the years to come. Product development and innovations, mergers & acquisitions, pricing policies, collaborations, etc. are likely to influence the competitiveness in the market greatly in the forthcoming years.
Under-Vehicle Surveillance Market Synopsis:
Rising security concerns have led to an increase in demand for vehicle surveillance systems. The underside of a vehicle is difficult to inspect. Thus, it has led to rising investments for the development of products that facilitates under vehicle inspection. Market Research Future (MRFR) has stated in its latest analysis that the global under vehicle surveillance market is presumed to touch USD 10 Bn mark by 2023. In addition, the market is estimated to register a CAGR of 13% across the evaluation period 2017 to 2023. Factors such as technological advancements and product portfolio development are anticipated to act as growth catalysts in the years to come.
The product has been witnessing rising applications in the defense sector, which is one of the primary factors projected to drive market growth over the next couple of years. In addition, the implementation of favorable regulations is also anticipated to boost the expansion of the under vehicle surveillance market in the upcoming years.
Increasing research & development activities by the key players are projected to unleash developmental opportunities in the global market over the next few years. However, on the contrary, factors such as complex architecture and high cost of these systems are expected to check the growth rate of the under vehicle surveillance market in the foreseeable future.
Global Under-Vehicle Surveillance Market Segmentation:
The segmental assessment of the global under vehicle surveillance market, on the basis of type, covers fixed and portable. Among these, the portable segment holds the dominant position in the global marketplace and is poised to maintain its prominence over the next couple of years. The rising demand for the inspection of the undersides of vehicles is anticipated to drive the growth of the segment in the years to come. Meanwhile, the fixed segment is expected to register a steady CAGR over the evaluation period.
The end-user segments of the under vehicle surveillance market profiled in this MRFR report are energy plant entrances, commercial, military & defense, government, and others.
Under Vehicle Surveillance Market Regional Analysis:
This MRFR analysis covers a detailed geographic evaluation of the global under vehicle surveillance market on a regional and country-level basis. The four key regional segments studied in this report are – North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). North America is anticipated to account for the dominant share of the global market over the next couple of years. The presence of developed and technologically advanced countries in the region, such as the U.S. and Canada, is prognosticated to catapult the regional market on growth trajectory. Increasing investments in research & development by the key players is also poised to favor expansion of the under-vehicle surveillance market in the region over the assessment period. Asia Pacific is a crucial growth pocket expected to benefit from the rising safety and security concerns in the nearby future.
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH NETWORK TYPE
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARIES
5. MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
6 UNDER VEHICLE SURVEILLANCE MARKET, BY SEGMENTS
6.1 INTRODUCTION
6.2 MARKET STATISTICS
6.2.1 BY TYPE
6.2.1.1 PORTABLE
6.2.1.2 FIXED
6.2.2 BY END-USERS
6.2.2.1 GOVERNMENT
6.2.2.2 COMMERCIAL
6.2.2.3 MILITARY & DEFENSE
6.2.2.4 ENERGY
6.2.2.5 OTHERS
6.2.3 BY GEOGRAPHY
6.2.3.1 NORTH AMERICA
6.2.3.2 EUROPE
6.2.3.3 ASIA-PACIFIC
6.2.3.4 REST OF THE WORLD
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