A vehicular vision system includes at least three cameras disposed at the vehicle and having respective fields of view exterior of the vehicle and operable to capture image data. Image data received at a video processor module is processed by a video processor of the video processor module. The received image data is processed by the video processor to generate a synthesized image. The synthesized image is output from the video processor module for display by a single display screen of a display device that is viewable by a driver of the equipped vehicle when normally operating the vehicle. The video processor may be operable for least one of (i) object tracking, (ii) object classification, (iii) diagnostics, (iv) camera selection, (v) camera control, (vi) on-screen display generation, (vii) data storage and (viii) data exchange.