The major reason for the need for the RVCs than reverse parking sensors in buses is because of few drawbacks and unfavorable market dynamics in the reverse parking sensors market. The automotive parking sensors market is concentrated by OEMs, while aftermarket is fragmented with intense competition among the regional players, and this competition is expected to intensify further with product extensions and technological innovations. This increasing competition in the aftermarket segment where the occurrence of a failure in parking sensors system is more than the OEM products will become a threat to safety in the buses.
Technavio’s analysts forecast the global bus RVC market to grow at a CAGR of 19.8% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global bus RVC market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of bus RVC.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio's report, Global Bus RVC Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors • Rostra Precision Controls, Inc. • Lintech Enterprises • Veise Electronic
Market driver • Rising number of accidents due to impaired on-road visibility to push adoption of safety systems using camera modules • For a full, detailed list, view our report
Market challenge • Difficulty in using during harsh weather conditions • For a full, detailed list, view our report
Market trend • Accelerating use of wide angle camera technology in automotive • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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