Automotive Multi-Angle Monitor System Market: Estimated To Record Highest CAGR By 2017 - 2025

An automotive multi-angle monitor system is used as, which captures images with cameras mounted at the front, back, and on both mirrors of a vehicle. The system displays a 3 dimensional (3D) or 2 dimensional (2D) 360 ° birds-eye view around the vehicle. The system has great importance from the driver’s point of view, as the system displays a visual of the vehicle’s surroundings. It enables the driver to take decisions accordingly, while driving. This system is helpful while parking the vehicle manually, reversing the vehicle, and turning the vehicle. Generally, a multi-angle monitor system consist of four to six cameras mounted around the vehicle body, facing at different angles to capture a 360o view. A composite view of the surroundings of the vehicle is synthesized and displayed using the inputs of these cameras. This system is known by different names such as surround vision monitoring system, multi-angle vision system, bird’s eye view vision system, and multi-camera vision system.

Safety is a major concern for the global automotive market. Increased number of accidents have prompted customers to adopt safety technologies. Governments across the globe have mandated several safety systems for passenger vehicles. This in turn has boosted the demand for safety technologies such as Advanced Driver Assist System (ADAS). The multi-angle monitor system likely to play a vital role in ADAS for safety purposes. Sometimes cameras mounted for capturing images cannot function properly when the view is not clear. However, technologically advanced cameras have eliminated this problem. These cameras are able to capture images even in low light conditions. Continuous research and developments in the field of automotive safety systems and increased emphasis on semi-autonomous vehicles have fuelled the demand for multi-angle monitor systems.

However, a primary restraint to this system is possibility of electronic components malfunctioning.

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The automotive multi-angle monitor system market can be segmented based on vehicle, technology components, and geography. Based on vehicle, the market can be segmented into passenger vehicles (PVs), light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). Multi-angle monitor systems can be integrated into all types of vehicles. In terms of technology, the automotive multi-angle monitor system market can be segregated into 2D system and 3D system.

2D systems were the basic version of multi-angle monitor technology. This system projects a 2D view of the images captured by the cameras. While in 3D systems, a clearer 3D view of the surroundings is generated. 3D systems are mostly preferred by users. In terms of components used, the automotive multi-angle monitor system market is divided into multi-angle monitoring system with radar sensors and multi-angle monitoring system without radar sensors. The system without radar sensors utilizes only cameras for capturing images. The multi-angle monitor system with radar sensors utilizes different sensors so that the system can also operate at night and in low vision conditions.