South Korea Automotive Surround View Systems Market Revolutionizing Vehicle Safety

The South Korea automotive surround view systems market is growing as safety and technology become central to the automotive industry. Major automakers Hyundai and Kia are incorporating surround view systems in their vehicles to enhance driver safety and visibility. South Korea’s emphasis on smart and autonomous vehicles has increased the demand for surround view systems, which support safer driving and ease of parking. Government support for advanced automotive technology further fuels this market. With South Korea’s focus on innovation and safety, the surround view systems market is expected to grow significantly in the coming years.

Government regulations promoting road safety and driver assistance technology further support market growth. With Japan’s focus on high-tech, safety-oriented solutions, the surround view systems market is poised for steady expansion in both domestic and international markets.

Automotive Surround View Systems Market Size was valued at USD 0.99 Billion in 2023 and industry is projected to grow from USD 1.08 Billion in 2024 to USD 2.05 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.27% during the forecast period (2024 – 2032). Increasing awareness of camera-based tools and an increase customers concern about safety are the key market drivers enhancing market growth.

Automotive surround view systems are intelligent camera systems that augment the safety mechanisms by manifolds. Automotive surround view systems are embedded with cameras that provide a rear view, top view, and landscape view to the driver. The functioning of the camera can be done both automatically and the system is most obliging while parking. Some other advantages of automotive surround view systems contain enabling the driver to get a sharp view on all sides; removing blind spots; lowering distractions for the driver and refining traffic safety.

Furthermore, the demand for both commercial and passenger vehicles has shown a decay in 2020. This decay, as anticipated, will affect the surround-view system industry unfavorably, as vehicle production is straight proportional to the surround-view system industry. The budget allocation for R&D is projected to reduce, which will hinder the innovation of automotive headrests., The companies, however, are taking protective measures to combat the contrary effects of the outbreak.

Regional Analysis

Europe dominates the automotive surround view systems market due to the existence of major key players in the region. However, Asia-Pacific will project the highest growth rate for the estimated period owing to the unparalleled growth of the automobile sector in this region.  

Market Segmentation

The Global Automotive Surround-View Systems Market has been segmented into Type, Functioning, Vehicle type, and End-user

Based on Type, The Global Automotive Surround-View Systems Market has been segmented into Touch Screen Control, Infrared Remote Control, and Others

Based on Functioning, The Global Automotive Surround-View Systems Market has been segmented into Automatic, and Manual

Based on Vehicle Type, The Global Automotive Surround-View Systems Market has been segmented into Commercial Vehicles and Passenger Vehicles

Based on End-User, The Global Automotive Surround-View Systems Market has been segmented into Aftermarket and OEMs

Key Players

Some of the key market players are Renesas Electronics Corporation (Japan), Clarion Technologies (Japan), Aisin Seiki (Japan), Xylon – logicBRICKS (Germany), Ambarella (US), Bosch Mobility Solutions (Germany), Magna International (Canada), Valeo (France), Continental AG (Germany), Texas Instruments (US), Fujitsu (Japan), and Denso (Japan)

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