Facts and Factors have published a new research report titled “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”.
According to the research study, the global Under Vehicle Surveillance Systems market was USD 6.9 Billion in 2019 and is anticipated to reach USD 12.8 Billion by 2026, at a CAGR of 10.84% during the forecast period.
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.
Browse through 27 Tables & 66 Figures spread over 225+ Pages and in-depth TOC on “Global Under Vehicle Surveillance Systems Market Size & Share 2020 Analysis and Industry Forecast to 2026”.
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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 is 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 up-gradation.
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.
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The rising investment in-vehicle surveillance and safety in various sectors is expected to be the primary driver of the under vehicle surveillance systems market. Additionally, the increasing penetration in the developing markets and continuous development in the vehicle surveillance systems are expected to further bolster the market growth.
However, the complexity and hesitancy towards investment in the surveillance systems are expected to hinder the potential market growth.
Browse the full “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″ report at https://www.fnfresearch.com/under-vehicle-surveillance-systems-market
The Under Vehicle Surveillance Systems market research report delivers an acute valuation and taxonomy of the Under Vehicle Surveillance Systems industry by practically splitting the market based on type, end-users, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Under Vehicle Surveillance Systems industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Under Vehicle Surveillance Systems industry is provided for the leading economies of the world.
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 in 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.
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Top 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 Technologies, and Continental AG.
Key Insights from Primary Research
- Wide-ranging interviews with high-level executives of the major companies operating in the global under vehicle surveillance systems market, the analysis of the primary research conclude that the global under vehicle surveillance systems market to witness a substantial growth of nearly 10.84% over the forecast period.
- In the year 2019, the market was valued at approximately USD 6.9 Billion, 2019 and is expected to be valued over USD 12.8 Billion by 2026.
- On the basis of the type segment, a portable system is expected to dominate the global market share while exhibiting the highest growth rate during the forecast period. The commercial segment is also expected to generate significant revenue during the forecast period.
- The Asia Pacific region is expected to be the fastest-growing region for under vehicle surveillance systems over the forecast period. The North America region is expected to generate maximum revenue throughout the studied period.
This report segments the global Under Vehicle Surveillance Systems Market as follow:
Global Under Vehicle Surveillance Systems Market: By Type Segmentation Analysis
Global Under Vehicle Surveillance Systems Market: By End User Segmentation Analysis
- Military & Defense
Global Under Vehicle Surveillance Systems Market: Regional Segmentation Analysis
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
Rest of Middle East & Africa
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