Under Vehicle Surveillance Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Type, End-Users ,and Region

Under Vehicle Surveillance Market Definition:

 

Under Vehicle, surveillance is a system that consists of imaging systems mounted on the roadway and it is used as facility access points, especially at secure facilities. Under vehicle surveillance system is used as a safeguard for the property. UVSS systems are crucial in recent days because terrorist attacks are increasing, which is fueling the demand for the under vehicle surveillance market. The cameras in the system scan the underneath of vehicles and process the images which are captured to security on the computer screen.

 

Further, the Under Vehicle Surveillance market is segmented by Type, End-usersand geography. On the basis of Type, the Under Vehicle Surveillance market is segmented underFixed and Portable. Based on the End-users, the Under Vehicle Surveillancemarket is segmented underGovernment, Commercial, Energy plant entrances, Military & Defense. By geography, the market covers the following Regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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Under Vehicle Surveillance Market Dynamics:

 

The surge in demand for premium vehicles which are inbuilt under vehicle surveillance systems driving the market. Also due to favorable government regulations and many benefits that are provided by under vehicle surveillance systems the under vehicle surveillance market is expected to grow through the forecast period. The high production of the vehicles with the UVSS in developing countries and various solutions provided by the vehicle’s surveillance is expected to increase the demand for the market. Moreover, the high cost of manufacturing the products and technological advancements are expected to hinder the market growth through the forecast period.

 

Various international brands are emerging in this market, and the market’s major players are continuously increasing their expansion through the various collaborations, strategies, Innovations and mergers and acquisitions and investments in research and developments for the cost-effective products in the portfolio, Thus the under surveillance market is highly competitive, which may create difficulty for new firms to participate in the under surveillance market through the forecast period.

 

The surge in the number of security concerns among the government properties, defense and military areas and individual consumers as criminal cases are increasing, so to properties as well as surveillance area of the properties, the application of under vehicle surveillance system is implemented, thus leading to increase in the market through the forecast period.

 

Also, the surge in cases of vehicle thefts is increasing the demand for in-vehicle surveillance systems to protect the vehicle and improve the security of the vehicle. Moreover, a surge in the number of accidents due to improper driving and inappropriate behaviour, resulting in injuries and serious deaths to the occupants, which is driving the under vehicle surveillance market through the forecast period.

 

When the vehicles arrive at the checkpoint or the point where the under vehicle surveillance system is installed, the cameras placed in the under vehicle surveillance system scan and capture the images and send them to the security personnel over the computer system, as there are cameras involved it is an effective way to secure the premises against any sort of thefts and security threats. Also under vehicles surveillance system(UVSS) has an inbuilt mechanism for recognition of license plates to identify and suspect the stolen vehicles which is one of the major driving factors for the growth of the under vehicles surveillance market.

 

Also, UVSS consist of high-quality cameras, Megapixel cameras for driver images, and high-resolution cameras for identification of number plate with server configuration as an option. The under vehicle surveillance system stores all the data captured for further use or security purposes. These various factors are driving the growth of the under vehicle surveillance market through the forecast period.

 

The under vehicle surveillance system is cheaper compared to other methods for protecting the surroundings or promises. Also, captures high-quality images and videos for the security purposes, one of the major reasons to use this system is flexibility, as under vehicle surveillance system is easy to use and it is possible to install this system permanently or temporary, also it is possible to update the system conveniently when there are some updates in the system. The under vehicle surveillance system is designed to use in extreme weather conditions. As these systems are outdoor and it is 24*7 active to protect the premises.

 

Under Vehicle Surveillance Market Segment Analysis:

 

By Type, the under vehicle surveillance market is segmented into fixed and portable. The fixed segment is expected to dominate the market through the forecast period. As various developing countries use these devices as there is an increase in infrastructural development. The fixed type products are installed underground and portable devices are installed in the areas where there is a temporary need for vehicle surveillance

 

 

By End Users, the under vehicle surveillance is classified into Government, Commercial, Energy plant entrances, Military & Defense. Military defense is expected to dominate the market through the forecast period and hold a significant share in the market and contribute to the growth of the under vehicle surveillance market through the forecast period. As there is an increasing need for security in this industry which makes it is mandatory for all vehicles entering a military area to be screened thoroughly to ensure that the vehicles entering the area may not cause harm to anyone surrounding. Thus these factors are driving the market through the forecast period.

 

Under Vehicle Surveillance Market Regional Insights:

 

On the basis of regional analysis, the under vehicle surveillance market is classified into North America, South America, Asia Pacific, Middle East and Africa. The North America region is expected to dominate the market through the forecast period. And expected to grow further significantly due to well-developed infrastructure and military sector in countries like the US. Moreover, the increase in urbanization and industrialization lead to the construction of government and organization properties, which require more security than ordinary buildings driving the market growth through the forecast period. Asia Pacific region is also growing significantly through the forecast period.

 

Under Vehicle Surveillance Market Key Players Insights:

 

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Global Under Vehicle Surveillance market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Under Vehicle Surveillance market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Global Under Vehicle Surveillance Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Global Under Vehicle Surveillance market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global Under Vehicle Surveillance market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Global Under Vehicle Surveillance market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Global Under Vehicle Surveillance market. The report also analyses if the Global Under Vehicle Surveillance market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Globalunder Vehicle Surveillance market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Under Vehicle Surveillance market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Under Vehicle Surveillance market is aided by legal factors.

 

 

Under Vehicle Surveillance Market Scope:

 

Under Vehicle Surveillance
Market Size in 2023	USD 12.90 Bn.
Market Size in 2030	USD 30.35 Bn.
CAGR (2024-2030)	13%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By  Type   Fixed Portable
	By   End-users   Government Commercial Energy plant entrances Military & Defense
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Under Vehicle Surveillance Market Key Players: 

• 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)
• Hangzhou Hikvision Digital Technology Co. Ltd. (China)
• Iveda Solutions, Inc. (U.S.)
• International Road Dynamics Inc. (Canada)
• Pedvak Technologies Pvt. Ltd.(India)