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Global Under Vehicle Surveillance Systems Market Projected to Reach USD 12.8 Billion by 2026

30-Oct-2020 | Facts and Factors

Findings from Facts and Factors report “Under Vehicle Surveillance Systems Market By Type (Fixed, Portable) and By End Users (Military & Defense, Government, Commercial and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Under Vehicle Surveillance Systems market in 2019 was approximately USD 6.9 Billion. The market is expected to grow above a CAGR of 10.84% and is anticipated to reach over USD 12.8 Billion by 2026.

Under Vehicle Surveillance System (UVSS) is vehicle security and surveillance intended to provide fast and effective scrutiny of the undercarriage of a vehicle. The systems are handled by security professionals and helps in reducing disturbances to the traffic flow. It is usually deployed at important entry points of buildings or critical infrastructure. These systems find immense importance in strategic and highly sensitive areas. These systems ensure a reduction in the security breach thereby providing safety to human life and infrastructure.

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The demand for vehicle surveillance systems is rising globally. The major factors driving the market growth are the increasing importance of security and safety and a wide range of benefits of under-vehicle surveillance systems. Additionally, the rising penetration of vehicle surveillance especially in developing countries is anticipated to propel the market growth further. The manufacturers are investing in enhancing the security with additional and newly developed product features which are expected to catalyze the market demand. However, the complexity and hesitancy in the investment in the surveillance system are the factors hampering the growth of the overall market. The market opportunities exist in the developing countries undergoing infrastructural upgradation.

On the basis of product type, the global under vehicle surveillance market is bifurcated into fixed and portable. The portable segment is expected to dominate the global market share throughout the studied period. The segment is also expected to register the highest growth during the forecast period. The dominance of the portable segment is owing to its benefits in ease of usage and suitability in most the varying applications. The fixed segment is also expected to grow at a steady pace over the forecast period.

Regional Analysis: Under Vehicle Surveillance Systems Market

Geographically, the North America region is expected to hold the largest market share in the global under vehicle surveillance systems market. The major contribution to revenue is generated in the U.S. The factors such as growing investment in the security surveillance technology solutions, the presence of notable manufacturers, large economic strength, and rising awareness towards vehicle safety. The Asia Pacific region is anticipated to register the highest growth over the forecast period. The growing economies like China and India are expected to create major opportunities for market growth in the region. The infrastructure development in the region is also rising significantly with major investments by the Governments and private players in the region.

Major Market Players

Major players operating in the global 4PL logistic market mentioned in this report include DENSO Corporation, Honeywell Security Group, Delphi Automotive PLC, Hangzhou Hikvision Digital Technology Co. Ltd., Robert Bosch GmbH, SecuScan, COMM-PORT TechnologiesandContinental AG.

This report segments the global Under Vehicle Surveillance Systems market as follow:

Global Under Vehicle Surveillance Systems Market: By Type Segmentation Analysis

  • Fixed
  • Portable

Global Under Vehicle Surveillance Systems Market: By End User Segmentation Analysis

  • Military & Defense
  • Government
  • Commercial
  • Others

Global Optical fiber preform Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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