Chaitali Mahajan

COVID-19 Impact on Under Vehicle Surveillance Market 2020 Growth But Future Outlook Remains Positive

Market Research Future (MRFR) highlights that the Global Under Vehicle Surveillance Market 2020 is slated to grow exponentially over the review period, will witness a value of USD 10 Billion by 2023, and a healthy 13% CAGR over the review period.

Overview:

Market Research Future (MRFR), in a detailed analysis of the global under vehicle surveillance market, revealed a possibility for the market to achieve 13% CAGR during the forecast period of 2018 to 2023. During this period, the market could also scale past valuation of USD 10 billion. The report includes a detailed study of factors that can transform the market outcome. Among these, the military & defense sector is expected to play a crucial role as the rising demand for security in the sector and a hike in budgetary expenditure would provide a tailwind to the market. Other factors like the advancement of technologies, its easy inclusion, growing demand from the commercial sector, interests shown by government sectors, improvement in resolution of images, and its rising use in energy plants to ensure safety can take the market further ahead. 

Segmentation:

The global report on the under vehicle surveillance system market reveals a detailed study of the market where segments played a prominent role. This analysis includes type and end users as major segments and the fetched data from these two segments can influence decisions regarding the development of strategies. 

• By type, the global market for under vehicle surveillance has been segmented into fixed and portable. The portable segment is expected to find substantial takers due to its ease of application. This segment is also going to register better valuation during the forecast period. 
• By end users, the report on the under vehicle surveillance market includes segments like government, energy plant entrances, military & defense, commercial, and others. The military & defense segment may benefit from the rising budgetary allotments. Its demand to protect borders is also going to boost the uptake. 

Global Under Vehicle Surveillance Market, USD Billion

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Regional Analysis:

The ability to back markets with superior technologies, better investment capacity and infrastructure are expected to ensure the top-position for North America. The US and Canada are providing thrust as their capacity to include new technologies that have created favorable fields. 

Competitive Landscape:

The global under vehicle surveillance market is getting support from several companies like 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) and Hangzhou Hikvision Digital Technology Co. Ltd. (China). These companies and their plans regarding strategic outputs are expected to boost the market revenues. MRFR’s discussion on the topic included the latest steps taken by these companies and this reveals a healthy competition among players that are getting boosted by merger, innovation, acquisition, research, and other tactical measures. 

Under Vehicle Surveillance Market@ http://heraldkeeper.com/featured/covid-19-impact-on-under-vehicle-surveillance-market-2020-growth-but-future-outlook-remains-positive-with-rising-demand-recent-opportunities-and-global-demand-578621.html

Industry News:

In July 2020, ATWT made an announcement regarding its acquisition of Level Three Security. This latter has a strong profile in providing security and surveillance-related services. With this acquisition, ATWT promises to upgrade its vehicle safety product line. In August, ATWT announced the launching of LS-3 Cam that is mobile in nature and can be operated easily to check various locations. Its flexibility is a plus and it is expected to become popular in various segments where security gets top priority. 

The global market may find it at odds during the COVID-19 crisis as the financial sector is going through a state of dubiety in several countries. Investors are holding back their investments to wait out the pandemic and lessen their financial crunch. Also, the supply chain got hit in big ways, which can affect the smooth growth of the market. However, efforts put in to normalize situations can transform the market results. 

TABLE OF CONTENTS:

1. Market Introduction
2. Research Methodology
3. Market Dynamics
4. Executive Summary
5. Market Factor Analysis
6. Under vehicle surveillance Market, By Segments
7. Competitive Analysis

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