Global Overview of Truck Video Safety Solutions Market:360 Degree Solution to Unwind Newer Opportunities

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Feb 02, 2016, 04:15 ET

LONDON, Feb. 2, 2016 /PRNewswire/ -- Global Overview of Truck Video Safety Solutions Market : 360 Degree Solution to Unwind Newer Opportunities

This research service analyzes video safety solutions in LCV and M/HCV trucks globally Under the compliance, safety, and accountability (CSA) environment, fleets are looking to improve safe driving practices and reduce fleets' risks by using advanced safety technologies Fleets are evaluating the return on investment of safety solutions based on the system's ability to improve driver behavior and performance, directly influencing operating economics and collision costs Growing awareness in North America and Europe has encouraged telematics and safety systems vendors to enter the market The study period is from 2014 to 2020

Key Questions this Study will Answer

What is the current status of the global video safety solutions market, immediate and future prospects?
What will be the potential market size in 2021? What are the key solutions in the current scenario and what will be some of the upcoming solutions that will be in demand?
Who are the major market participants and what are the business models adopted by them? What is the level of involvement of OEMs in this space?
What are some of the upcoming regulatory trends that will drive the market growth?
What are some of the emerging regions where penetration of video safety solutions is anticipated?

Key Findings
Advanced solutions, which include integration of advance driver assistance systems (ADAS) and surveillance to the existing video solutions, are expected to catch up during the mid term

Market Size
Size of the total truck video safety market is approximately in 2014, with % of the total sales contribution coming from 2014

Key Markets
North America, by far, is the biggest market It accounts for % of the total installed base,followed by Europe with a % share

Key Solutions
Driver behavior management, driver coaching with forwarding monitoring, and driver monitoring fulfills the need of the hour for fleet operators

Forecast
The total truck video safety market is expected to grow at a compound annual growth rate (CAGR) of % from 2014 to 2021, surpassing million units by 2020

Market Leaders
Together, Lytx Inc, SmartDrive Systems Inc, and Bendix CVS LLC hold a combined market share of about % in 2014, globally

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