South America Under Vehicle Surveillance Market: Industry Analysis and Forecast (2024-2030)

South America Under Vehicle Surveillance Market Definition:

 

The Under-vehicle surveillance is designed to detect threats undercarriage o the vehicle, it provides sharp and crystal-clear images under the vehicle, but it may not possible for guards. thus, it is driving the market through the forecast period. the system scans the vehicle and provides a digital recording of the underside of the vehicle which is driving the market through the forecast period.

 

Further, the South America Under Vehicle Surveillance market is segmented by product type, distribution channel, and geography. On the basis of type, the South America Under Vehicle Surveillance market is segmented under Fixed and Portable. Based on the End User, the market is segmented under the channels of Government, Commercial, Energy plant entrances. Military & Defense. By geography, the market covers the major countries in South America i.e., Brazil, Columbia, Venezuela, Chile and the Rest of South America for each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

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South America Under Vehicle Surveillance Market Dynamics:

 

Brazil has a huge and well-developed security market that has frequently shown annual growth of 15-19%, with an annual market share of goods and services of US$30 Bn. Which is expected to drive the market through the forecast period. In recent years brazils' occupation for personal security has increased the demand for services and security equipment, thus brazils' public safety and security market is expected to increase through the forecast period, thus fuelling the demand for South America Under Vehicle surveillance market through the forecast period. Port and airport security is another major segment that uses security and safety services and consistently implements developed security services. These factors are the drivers for Under Vehicle surveillance market through the forecast period.

 

One of the major factors for driving South America Under vehicle surveillance market is an increase in growth of the vehicle surveillance market, according to MMR research about 340000 cars are stolen in brazil every year, also in cities like Rio de Janeiro and Sao Paulo carjacking is the major issue. Moreover, cargo robberies are a major problem, which results in the use of security equipment and services. Thus, fuelling the demand for Under vehicle surveillance market. Crime rates in South America are still alarmingly high, Governments in these countries increasing their investments in security services and high-tech equipment. brazil has invested about 1.7 Billion in the security. Therefore, it is expected to grow the market through the forecast period.

 

Private homes and small businesses are also using security devices, as the high crime rate makes it mandatory to increase their security expenditure. According to MMR research Brazil has around 5.1 Mn homes with some type of security in it, which is driving the market through the forecast period. Another major factor that is driving the market is Under vehicle surveillance devices are Flexible and easy to use, also these are portable devices which make them possible to use in any kind of location. It produces high-quality images and videos and also stores them for further use to help the security guard to identify any security threats. UVSS system is active 24*7 and protects the premises and it is designed to work in extreme conditions. These factors are driving South America Under Vehicle Surveillance Market through the forecast period.

 

Moreover, the major players are offering more advanced features to boost the adaptation of under vehicle surveillance solutions. TREK 134 and TREK 164 are the two products that are offered by Advantech in the Trek line-up. The TREK 134 is used for blind-spot detection which is a vehicle surveillance solution which recognizes the algorithms and images with the alarm notification to alert the driver. These factors are fuelling the demand for South America Under Vehicle surveillance market through the forecast period.

 

 South America Under Vehicle Surveillance Market Segment Analysis:

 

By Type, the South America Under Vehicle Surveillance market is classified into Fixed and Portable. The portable segment is expected to dominate the market through the forecast period and it is expected to grow at highest CAGR through the forecast period. As portable Under vehicle surveillance system is a safer and faster way of threat detection. This system is possible to deploy on an urgent basis and it works with mobile power such as vehicle power inverter kit. These systems are flexible, due to which it is possible to install in any kind of location, these factors are supporting the market to grow through the forecast period.

 

By End user, The South America Under vehicle surveillance market is classified into Government, Commercial, Energy Plant Entrances, Military & Defense. Military & Defense is expected to grow at highest CAGR through the forecast period. As there is increase in criminal incidents, several governments increasing investments for security and defense purposes, thus growing demand for security equipment’s. Brazil has well developed security and defense services also increase in infrastructural development and government properties expected to assist the South America Under Vehicle Surveillance market through the forecast period.

 

 

By End user, The South America Under vehicle surveillance market is classified into Government, Commercial, Energy Plant Entrances, Military & Defense. Military & Defense is expected to grow at highest CAGR through the forecast period. As there is increase in criminal incidents, several governments increasing investments for security and defense purposes, thus growing demand for security equipment’s. Brazil has well developed security and defense services also increase in infrastructural development and government properties expected to assist the South America Under Vehicle Surveillance market through the forecast period.

 

South America Under Vehicle Surveillance Market Regional Insights:

 

Brazil region is expected to dominate the market through the forecast period and it is expected to grow at highest CAGR through the forecast period. As the brazil has well developed and extensive security market. Moreover, the rise in crime rate and various unethical incidences supporting the market through the forecast period. Argentina market is also growing significantly through the forecast period.

 

South America Under Vehicle Surveillance Market Key Players Insights:

 

The objective of the report is to present a comprehensive analysis of the South America Under Vehicle Surveillance market to the stakeholders in the industry. The report provides trends that are most dominant in the South America 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 South America 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 South America 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 South America 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 South America 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 South America Under Vehicle Surveillance market. The report also analyses if the South America 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 South America Under Vehicle Surveillance market. Economic variables aid in the analysis of economic performance drivers that have an impact on the South America Under Vehicle Surveillance market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the South America Under Vehicle Surveillance market is aided by legal factors.

 

South America Under Vehicle Surveillance Market Scope:

 

South America Under Vehicle Surveillance Market Scope
Market Size in 2023	USD 1.54 Bn.
Market Size in 2030	US 2.82 Bn.
CAGR (2024-2030)	9%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By  Type Portable Fixed
	By End User Government Commercial Military & Defense
Country Scope	Brazil  Argentina  Rest of South America

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

South America Under Vehicle Surveillance Market Key Players: 

• SVA Tech
• Gabriel
• Retina Vision
• Vigillare
• scmonitoramento
• aaprov
• manutecseg