Vehicle Surveillance Market Analysis: Anticipated US$ 49 Billion by 2033

The vehicle surveillance market is expected to reach US$ 49 billion by 2033. Based on market forecasts, the market is expected to grow by 8.2% during the next decade. The market is expected to reach US$ 22.4 billion in 2023. As long as selected configurations are selected, surveillance and monitoring vehicles (SMVs) can detect suspicious objects over a 25-kilometer range regardless of adverse weather conditions. Surveillance vehicles provide flexible protection against intruders in areas that have a high demand for security, such as border lines, airports, coastal areas, and so on.

The Vehicle Surveillance Market involves the development and deployment of technology to monitor vehicles for security, safety, and operational purposes. This includes solutions like GPS tracking, video surveillance, and advanced analytics to enhance fleet management, theft prevention, and traffic monitoring. With advancements in AI and IoT, the market is poised for growth, driven by increasing concerns over vehicle safety and security across various sectors including transportation, logistics, and law enforcement.

Vehicles equipped with surveillance equipment include EOS, radios, generators, and power sources. Customers’ requirements are taken into account when designing and manufacturing these vehicles, which eliminates the need to maintain a variety of vehicles that have different components.

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Depending on the vehicle type and available space, the vehicle systems can be installed in any vehicle design. Despite complete modifications, most vehicles still retain their basic outline, which keeps EOS well hidden. In addition to being modular and compact, the systems consume a relatively low amount of power due to their compact design.

Key market developments are as follows:

In June 2023, Navnaval specialist Delhi began offering connected products such as GPS trackers, infotainment systems with built-in maps, and remote vehicle monitoring systems based on vision, which are suitable for fleet vehicles as well as personal vehicles. The Mappls mobile application can be used to trigger CarEye’s Live Surveillance feature, as well as to view the vehicle’s location and speed in real time. It enables remote monitoring of the vehicle’s surroundings with a 4G SIM card, which is especially useful when the vehicle is parked in an untrustworthy place. Live Surveillance is one of the unique features of the device, which separates it from other aftermarket dashboard cameras that are available.

In July 2023, Solaris completed another contract in Poland for the delivery of Urbino electric buses. Thirteen 12-meter buses and seven articulated buses have been delivered. Almost €16 million was spent on the contract, which was awarded following a tender. Co-funding for the project is provided by the National Fund for Environmental Protection and Water Management.

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