Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Several variables affect the Under Vehicle Surveillance Market's development and dynamics. The growing focus on security and safety across industries is important. Terrorism, smuggling, and crime are driving demand for sophisticated surveillance technologies to monitor and check vehicles. To improve security, governments, law enforcement, and vital infrastructure installations are spending heavily in under vehicle monitoring systems.
Technological advances drive market growth. As under vehicle surveillance systems advance, they may spot possible hazards with high-resolution photography, automated license plate identification, and real-time monitoring. These technologies identify threats quicker and more accurately using artificial intelligence and machine learning. To avoid security threats, businesses want to employ cutting-edge technology.
Regulatory restrictions and standards also boost industry development. Governments worldwide are enforcing strict security measures in public places, transit hubs, and essential infrastructure. These rules typically require under-vehicle monitoring equipment, fueling market demand. The standardization of security standards in many sectors also boosts surveillance solution adoption.
Smart city growth and urbanization also boost the market. Strong security becomes essential as cities develop and become increasingly linked. Under-vehicle surveillance systems protect public places, transit networks, and crowds. These technologies are integrated with smart city infrastructure to make cities safer and more efficient.
Additionally, automotive industry expansion and technology improvements affect the under vehicle surveillance market. Transportation security issues arise from the global expansion of cars. Thus, modern surveillance systems to monitor vehicle undercarriages at checkpoints, entrance points, and border crossings are needed.
Economic issues also affect market patterns. The affordability and cost-effectiveness of under car monitoring systems drive their broad deployment. As technology evolves and becomes more accessible, companies and organizations engage in these solutions to protect their assets and operations.
Innovation and market competition keep the market dynamic. Companies provide novel features, increased performance, and cost-effective solutions to stand apart. This competitive environment encourages innovation and advances in under vehicle monitoring.
The market is expected to develop as these variables change, focusing on effective and reliable under vehicle surveillance systems to meet global security concerns faced by governments, enterprises, and key infrastructure sites.
Under Vehicle Surveillance Market Highlights:
Under Vehicle Surveillance Market Synopsis:
Under vehicle surveillance market is expected to reach approximately USD 10 billion by the end of 2023 with 13% CAGR during forecast period.
The factors contributing to the growth of the under vehicle surveillance market are growing due to favorable government regulations in several countries, increasing demand for premium cars equipped with vehicle surveillance systems and wide range of benefits of under vehicle surveillance systems. Furthermore, factors such as high penetration of vehicle surveillance in developing countries and various solutions offered by vehicle surveillance as a software are expected to boost the growth of the under vehicle surveillance market over the forecast period, 2017-2023.However, complexity, high cost of systems regulations and technological advancements in autonomous car are the factors hampering the growth of the overall market.
The global under vehicle surveillance market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. The under vehicle surveillance market is highly competitive due to the presence of several large vendors.
The key players in the global under vehicle surveillance market include- Delphi Automotive PLC (U.K.), Robert Bosch GmbH (Germany), Continental AG (Germany), DENSO Corporation (Japan), Honeywell Security Group (U.S.), COMM-PORT Technologies (U.S.), Law Enforcement Associates (U.S.), SecuScan (Germany) and Hangzhou Hikvision Digital Technology Co. Ltd. (China) among others.
Regionally, North America accounted for the largest market share from countries such U.S. and Canada among others. The reason is attributed to growing demand for high-end technology solutions, increasing R&D happening in this region, changing in buying pattern, positive trends in the economy growth and growing awareness towards vehicle safety. However, Asia Pacific is expected to grow over the forecast period, 2017-2023. The reason is attributed to presence of large number of manufacturers and the increasing concerns regarding safety and security.
The global under vehicle surveillance market can be bifurcated as type, end-users and region. On the basis of type, the market can be segmented as fixed and portable. Out of these, portable segment accounted for the largest market share majorly due to growing demand for inspection of the undersides of road vehicles. However, fixed segment is expected to grow at a steady rate over the forecast period, 2017-2023.
Global Under Vehicle Surveillance Market Segments :
Type
- Fixed
- Portable
End-users
- Government
- Commercial
- Energy plant entrances
- Military & Defense
- Others
Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Industry Developments
April 2024: ARC Dash Cam is a compact solution developed by THINKWARE that provides comprehensive vehicle surveillance.
THINKWARE, a global leader in dash cams, introduces ARC, its most compact and potent model to date. ARC, the first model of a forthcoming product line, is an addition to the extensive collection of THINKWARE's acclaimed dash cameras.
As a dual-channel dash cam with 2K 1440P QHD quality, an IPS panel for sharp video review from multiple angles, and numerous innovative features that are emblematic of the THINKWARE brand, ARC delivers a powerful wallop despite its diminutive size.
Principal Aspects of ARC:
A resolution of 2K guarantees video that is crystal clear and crisp, day or night.
2-Channel System: Front and rear 1440P 30fps cameras are integrated to provide comprehensive coverage.
The intelligent driving alert system comprises the front vehicle departure warning system (FVDW) and traffic signal alert (TSA).
Super Night Vision 2.0: Enables the capture of high-quality video even in conditions with minimal illumination.
Threefold energy conservation: Initiated via an OBD II power cable or hardwiring cable, ARC is equipped with motion and impact detection for continuous surveillance. By capturing footage exclusively in response to impacts, the dash cam is capable of conserving power and operating in parking mode for an extended period of time. Power-efficient operation permits 129 hours of recording time while in standby mode; intelligent parking technology shuts off power automatically when temperatures reach an unsafe level.
The Omnivision PureCel Plus-S Sensor, which is the subsequent advancement in CMOS sensor technology, provides an extended parking recording duration and improved image resolution.
The dash cam is also outfitted with a number of modes, such as Privacy Lock mode, which safeguards your personal information and recordings, and Time-Lapse mode, which enables recording for extended periods of time while the vehicle is stationary. In order to enhance the safeguarding of recordings, ARC incorporates supercapacitors that maintain ongoing recordings in the event of an abrupt power outage or unintended incident.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
