Abstract: – Global Vehicle Surveillance Market to Reach $157. 1 Million by 2027. – Amid the COVID-19 crisis, the global market for Vehicle Surveillance estimated at US$82. 3 Million in the year 2020, is projected to reach a revised size of US$157.
New York, April 16, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Vehicle Surveillance Industry” – https://www.reportlinker.com/p06033227/?utm_source=GNW
1 Million by 2027, growing at a CAGR of 9.7% over the analysis period 2020-2027. In-Vehicle, one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$74.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Under-Vehicle segment is readjusted to a revised 9.7% CAGR for the next 7-year period.
– The U.S. Market is Estimated at $22.2 Million, While China is Forecast to Grow at 12.8% CAGR
– The Vehicle Surveillance market in the U.S. is estimated at US$22.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$33 Million by the year 2027 trailing a CAGR of 12.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.7% and 8.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.
– Out Vehicle Segment to…