Under Vehicle Surveillance Market Size, Share, Growth Analysis, By Technology(Hardware, Software and Services), By Vehicle(Passenger Vehicle and Commercial Vehicle), By Type(Fixed/Static Under-Vehicle Surveillance System and Portable/Mobile Under-Vehicle Surveillance System), By Region - Industry Forecast 2024-2031

Global Under Vehicle Surveillance Market size was valued at USD 10 billion in 2023, USD 11.30 billion in 2024 and is projected to grow USD 26.58 billion by 2031, growing at a CAGR of 13% in the forecast period (2024-2031).

Threats like bombs hidden beneath cars are found with the use of vehicle inspection systems. Cameras assist in taking pictures of the vehicle's underbelly so that security personnel or systems can manually or automatically assess it visually. Under-vehicle inspection devices can be fixed, portable, or permanent—that is, they can be anchored to the surface of the road or embedded in it. The typical under-vehicle surveillance system consists of imaging devices that are employed at facility entry points, especially at security facilities, and are installed on a roadway. As a result, these technologies aid in vehicle protection and will likely spur market expansion in the near future.

The market for under-vehicle surveillance is expanding as a result of favorable government legislation in a number of nations, rising demand for high-end vehicles outfitted with under-vehicle surveillance systems, and the extensive advantages of such systems. Additionally, throughout the course of the forecast period, factors including the widespread use of vehicle surveillance in emerging nations and the range of software solutions provided by this type of surveillance are anticipated to support the expansion of the under vehicle surveillance market. However, the factors impeding the growth of the market as a whole are technological breakthroughs in autonomous cars, high costs associated with regulations, and complex systems.