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The global automotive surround view systems market is poised to grow by USD 4.98 billion during 2020-2024, progressing at a CAGR of about 11% during the forecast period. Technavio calculates the market size based on combined revenue generated by vendors operating in the market. Factors such as advancements in technology leading to affordable camera-assisted safety technologies, increased use of electric components in automobiles, and the integration of advanced automotive safety systems are crucial in driving the growth of the market.
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Technavio has announced its latest market research report titled Global Automotive Surround View Systems Market 2020-2024 (Graphic: Business Wire)