(AVM) with Moving Object Detection (MOD) Market - Global Industry Research Analysis

According to Market Research Store, the global (AVM) with moving object detection (MOD) market size was valued at around USD 1,508.16 million in 2023 and is estimated to reach USD 3,920.95 million by 2032, to register a CAGR of approximately 11.20% in terms of revenue during the forecast period 2024-2032.

The (AVM) with moving object detection (MOD) report provides a comprehensive analysis of the market, including its size, share, growth trends, revenue details, other crucial information regarding the target market, and drivers, restraints, opportunities, and challenges till 2032.

Global (AVM) with Moving Object Detection (MOD) Market: Overview

Around View Monitor (AVM) with Moving Object Detection (MOD) is an advanced driver assistance system (ADAS) technology that provides a 360-degree view around a vehicle, combined with the ability to detect moving objects in the vicinity. The AVM system uses multiple cameras mounted on the vehicle to create a bird’s-eye view, helping drivers maneuver in tight spaces and avoid obstacles. When integrated with Moving Object Detection (MOD), the system can identify and alert the driver to any moving objects, such as pedestrians, animals, or other vehicles, within the monitored area. This enhances safety by reducing the risk of collisions, particularly during parking or low-speed maneuvers.

The AVM with MOD market is growing rapidly due to the increasing emphasis on vehicle safety, the rising adoption of advanced driver assistance systems, and the demand for improved parking assistance technologies. Automotive manufacturers are integrating AVM with MOD as a standard or optional feature in a wide range of vehicles, from luxury to mid-range models. The market is also driven by advancements in camera technology, sensor fusion, and artificial intelligence, which enhance the accuracy and functionality of these systems. With the growing focus on autonomous and semi-autonomous vehicles, the AVM with MOD market is expected to continue expanding, as these systems play a crucial role in enhancing vehicle safety and driver convenience.

Key Highlights

• The (AVM) with moving object detection (MOD) market is anticipated to grow at a CAGR of 11.20% during the forecast period.
• The global (AVM) with moving object detection (MOD) market was estimated to be worth approximately USD 1,508.16 million in 2023 and is projected to reach a value of USD 3,920.95 million by 2032.
• The growth of the (AVM) with moving object detection (MOD) market is being driven by advancements in automotive safety technologies and increasing demand for enhanced driver assistance systems.
• Based on the Type, the OEM segment is growing at a high rate and is projected to dominate the market.
• On the basis of Application, the Passenger Car segment is projected to swipe the largest market share.
• By region, Asia-Pacific is expected to dominate the global market during the forecast period with a strong growth outlook driven by the automotive industry's expansion and increasing safety regulations.

AVM with MOD Market Dynamics:

Key Growth Drivers

• Increasing demand for advanced security solutions: As security threats become more sophisticated, organizations are seeking advanced solutions like AVM with MOD to enhance their surveillance capabilities.
• Growing adoption of smart cities: The development of smart cities involves the deployment of various intelligent systems, including AVM with MOD for traffic management and public safety.
• Advancements in computer vision and AI: Breakthroughs in computer vision and artificial intelligence algorithms are enabling AVM systems to accurately detect and track moving objects in real-time.
• Rising awareness of public safety and security: Concerns about public safety and security are driving the demand for AVM with MOD solutions in various sectors, such as retail, transportation, and critical infrastructure.

Restraints

• High initial investment costs: The acquisition, installation, and maintenance of AVM with MOD systems can be expensive, limiting their adoption for smaller organizations or budget-constrained projects.
• Data privacy and security concerns: The collection and analysis of large amounts of video data raise concerns about data privacy and security breaches, requiring robust measures to protect sensitive information.
• Technical complexities: Implementing and managing AVM with MOD systems can be technically challenging, requiring specialized expertise and infrastructure.
• Regulatory compliance: Adherence to data privacy regulations, such as GDPR and CCPA, can impose additional burdens on organizations deploying AVM with MOD solutions.

Opportunities

• Expanding applications beyond traditional surveillance: AVM with MOD systems can be used for a wide range of applications, including traffic management, crowd control, and environmental monitoring, creating new market opportunities.
• Integration with other technologies: AVM with MOD systems can be integrated with other technologies like IoT, analytics, and cloud computing to provide more comprehensive and valuable insights.
• Advancements in deep learning and neural networks: Breakthroughs in deep learning and neural networks can improve the accuracy and efficiency of AVM with MOD systems, enabling them to handle more complex scenarios.
• Growing demand for intelligent transportation systems: The development of intelligent transportation systems (ITS) presents opportunities for AVM with MOD solutions to optimize traffic flow and improve road safety.

Challenges

• False positives and negatives: AVM with MOD systems may produce false positives (detecting objects that are not moving) or false negatives (failing to detect moving objects), leading to inaccurate results and potential security risks.
• Environmental factors: Adverse environmental conditions, such as low light, fog, or rain, can impair the performance of AVM with MOD systems, limiting their effectiveness in certain scenarios.
• Scalability: As the number of cameras and the volume of data increase, it can be challenging to ensure efficient and scalable operation of AVM with MOD systems.
• Technical limitations: Current AVM with MOD technologies may have limitations in terms of object tracking accuracy, speed, and robustness, requiring further advancements.

(AVM) with Moving Object Detection (MOD) Market: Segmentation Insights

The global (AVM) with moving object detection (MOD) market is divided by type, application, and region.

Segmentation Insights by Type

Based on Type, the global (AVM) with moving object detection (MOD) market is divided into OEM and AM.

The OEM segment tends to dominate the market due to the increasing standardization of advanced driver-assistance systems (ADAS) in new vehicles. The OEM segment represents the integration of AVM with MOD systems directly into vehicles during the manufacturing process by original equipment manufacturers. This segment is significant as automotive manufacturers increasingly incorporate advanced safety and driver assistance systems into new vehicles. The demand for OEM AVM with MOD systems is driven by the growing consumer preference for enhanced safety features, stricter safety regulations, and the rising trend of autonomous and connected vehicles.While the OEM segment leads in terms of market share, the aftermarket segment is witnessing rapid growth, driven by the increasing desire for vehicle customization and safety upgrades.

The AM segment refers to the installation of AVM with MOD systems after the vehicle has been manufactured and sold. This segment caters to consumers who want to upgrade their existing vehicles with advanced safety features without purchasing a new vehicle. The aftermarket segment is growing as awareness of vehicle safety features increases and as more consumers seek to enhance the safety and convenience of their current vehicles.

Segmentation Insights by Application

On the basis of Application, the global (AVM) with moving object detection (MOD) market is bifurcated into commercial vehicle and passenger car.

Passenger Car segment dominates the AVM with MOD market due to the high volume of passenger cars produced and sold globally. The passenger car segment represents the largest market for AVM with MOD systems. Passenger cars, including sedans, SUVs, and hatchbacks, are increasingly equipped with advanced safety and driver assistance features, driven by consumer demand for enhanced vehicle safety, comfort, and convenience. The integration of AVM with MOD systems in passenger cars helps drivers navigate and park more easily, providing a comprehensive view of the vehicle's surroundings and alerting them to potential hazards.

However, the Commercial Vehicle segment is also experiencing notable growth, especially as fleet operators and logistics companies recognize the benefits of AVM with MOD systems in enhancing safety, reducing accidents, and improving operational efficiency. The commercial vehicle segment's growth is particularly strong in regions with large logistics and transportation industries, where safety and efficiency are paramount.

(AVM) with Moving Object Detection (MOD) Market: Report Scope

(AVM) with Moving Object Detection (MOD) Market: Regional Insights

• Asia-Pacific is the leading region in the AVM with MOD market

Asia-Pacific is expected to be the leading region in the AVM with MOD market, driven by robust automotive production, particularly in countries like China, Japan, and South Korea. The growing adoption of advanced safety features in vehicles due to increasing regulatory requirements and consumer demand for enhanced safety is propelling market growth in this region. The Asia-Pacific market is anticipated to grow at a strong CAGR during the forecast period (2023-2032). China, being the largest automotive market globally, plays a significant role in this growth​.

North America is another key region, with the U.S. leading in terms of adoption of AVM systems with MOD due to the high penetration of advanced driver assistance systems (ADAS) in vehicles. The market in this region benefits from technological advancements and the presence of major automotive manufacturers.

Europe is also witnessing significant growth, driven by stringent safety regulations and the increasing inclusion of ADAS in both premium and mid-range vehicles. Countries like Germany, France, and the UK are at the forefront of this growth, with a strong automotive industry and a focus on integrating advanced safety technologies in vehicles.

While the Middle East and Africa (MEA) region is currently a smaller market compared to Asia-Pacific, North America, and Europe, it is expected to grow steadily. The increasing adoption of automotive safety features and the expansion of the automotive industry in countries like Saudi Arabia and South Africa contribute to this growth.

Latin America is experiencing gradual growth in the AVM with MOD market, driven by rising vehicle sales and the growing demand for safety features. Brazil and Mexico are key contributors, with automotive manufacturers in these countries increasingly incorporating AVM systems into their vehicles.

(AVM) with Moving Object Detection (MOD) Market: Competitive Landscape

The report provides an in-depth analysis of companies operating in the (AVM) with moving object detection (MOD) market, including their geographic presence, business strategies, product offerings, market share, and recent developments. This analysis helps to understand market competition.

Some of the major players in the global (AVM) with moving object detection (MOD) market include:

• Continental
• Ficosa
• Fujitsu
• Hitachi Automotive
• Magna International
• Valeo

The global (AVM) with moving object detection (MOD) market is segmented as follows:

By Type

• OEM (Original Equipment Manufacturer)
• AM (Aftermarket)

By Application

• Commercial Vehicle
• Passenger Car

By Region

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • France
  • Germany
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• The Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East Africa

Frequently Asked Questions:

What will be the value of the (AVM) with moving object detection (MOD) market during 2024- 2032?

Based on data from the Market Research Store, the global (AVM) with moving object detection (MOD) market size was projected at approximately US$ 1,508.16 million in 2023. Projections indicate that by 2032, the market is expected to reach around US$ 3,920.95 million in revenue.

What will be the CAGR of the global (AVM) with moving object detection (MOD) market?

The global (AVM) with moving object detection (MOD) market is expected to grow at a Compound Annual Growth Rate (CAGR) of around 11.20% during the forecast period from 2024 to 2032.

Which region will drive the global (AVM) with moving object detection (MOD) market?

Asia-Pacific is expected to dominate the global (AVM) with moving object detection (MOD) market.

What are the significant factors driving the global (AVM) with moving object detection (MOD) market?

The growth of the (AVM) with moving object detection (MOD) market is driven by factors such as increasing demand for advanced driver assistance systems (ADAS), rising awareness of road safety, and technological advancements in sensors and algorithms.

Who are the leading players functioning in the global (AVM) with moving object detection (MOD) market growth?

Several key players covered in the global (AVM) with moving object detection (MOD) market are; Continental, Ficosa, Fujitsu, Hitachi Automotive, Magna International, Valeo, and others.

What can be expected from the global (AVM) with moving object detection (MOD) market report?

The global (AVM) with moving object detection (MOD) market report provides a comprehensive analysis of market definitions, growth factors, opportunities, challenges, geographic trends, and competitive dynamics.

Frequently Asked Questions