Around View Monitor and MOD Market Share Evolution and Market Growth Trends 2024 - 2031

Around View Monitor and MOD Market Trends, Growth Opportunities, and Forecast Scenarios

The Around View Monitor (AVM) and MOD (Moving Object Detection) market have been experiencing significant growth in recent years due to the increasing demand for advanced driver assistance systems (ADAS) in vehicles. The AVM system provides drivers with a 360-degree view of their surroundings, making parking and maneuvering easier and safer. The MOD system complements the AVM by alerting drivers to the presence of moving objects, such as pedestrians or other vehicles, in their proximity.

One of the key market trends driving the growth of the AVM and MOD market is the growing focus on vehicle safety and the increasing adoption of ADAS by automakers to meet regulatory requirements and enhance overall vehicle safety. Additionally, the rise in vehicle production and sales, especially in emerging markets, is also contributing to the market growth.

There are several growth opportunities for the AVM and MOD market, including the development of more advanced and sophisticated systems that incorporate artificial intelligence and machine learning technologies to improve accuracy and performance. The integration of AVM and MOD systems with other ADAS technologies, such as lane departure warning and automatic emergency braking, also presents new opportunities for market expansion.

Overall, the AVM and MOD market is poised for continued growth in the coming years as automakers and consumers alike recognize the benefits of these advanced safety systems in enhancing driving comfort and safety. innovative advancements in technology and increasing consumer demand for advanced safety features in vehicles will continue to drive market growth in the AVM and MOD segment.

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Around View Monitor and MOD Market Competitive Analysis

Around View Monitor and MOD market is highly competitive with key players such as Valeo, Continental, Magna International, Hitachi Automotive, Fujitsu, and Ficosa. These companies provide advanced technologies for 360-degree visibility and driver assistance systems. Valeo offers around view monitor systems with sales revenue of $ billion. Continental provides MOD solutions with sales revenue of $44.7 billion. Magna International offers around view monitor systems with sales revenue of $40.8 billion. These companies play a crucial role in driving innovation and growth in the Around View Monitor and MOD market.

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In terms of Product Type, the Around View Monitor and MOD market is segmented into:

Around View Monitors (AVM) are increasingly popular in vehicles, enhancing visibility and safety during parking maneuvers. There are two main types of AVM systems: Original Equipment Manufacturer (OEM) and Aftermarket (AM). OEM AVM systems are integrated into the vehicle by the manufacturer, providing seamless compatibility. On the other hand, AM AVM systems are retrofitted to existing vehicles. Both types of AVM systems are boosting the demand for MOD by providing drivers with a comprehensive view of their surroundings, reducing the risk of accidents and damage to vehicles. This increased safety and convenience have driven the growth of the AVM market.

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In terms of Product Application, the Around View Monitor and MOD market is segmented into:

Around View Monitor (AVM) is a system that provides a 360-degree bird's-eye view of the vehicle, enhancing safety and convenience during parking and maneuvering. It is widely used in passenger cars and commercial vehicles to prevent accidents and improve overall driving experience. Meanwhile, Moving Object Detection (MOD) is a feature that alerts drivers of moving objects around the vehicle, complementing the AVM system.

The fastest growing application segment in terms of revenue is the passenger car sector, as consumers are increasingly demanding advanced safety features and technological innovations in their vehicles. The rise of autonomous driving technology has also driven the growth of AVM and MOD systems in passenger cars.

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Around View Monitor and MOD Industry Growth Analysis, by Geography

The Around View Monitor (AVM) and MOD market is expected to experience significant growth in North America (NA), Asia Pacific (APAC), Europe, the United States (USA), and China due to advancements in automotive technology and increasing demand for safety features in vehicles. Among these regions, North America and Asia Pacific are expected to dominate the market, with a combined market share of over 60%. The valuation of the market in these regions is predicted to reach over $1 billion by 2025, driven by the increasing adoption of AVM and MOD systems in passenger cars and commercial vehicles.

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