Awareness in Low Light to Drive Demand in Global Automotive Night Vision System Market| Detail Outlook and Analysis Till 2023
Automotive night vision systems are integrated
in passenger and commercial vehicles for lowering the numbers of vehicle
collisions and accidents. The systems contain thermal cameras which expand the
perception of the vehicle and user during nights. The global automotive night
vision system market report by Market Research Future (MRFR) provides an
unbiased view on the industry by focusing on growth engines and challenges for
the period of 2018 to 2023 (forecast period). The projections on revenue,
growth, and opportunities have been resized in light of the COVID-19 pandemic.
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Market Scope
The global automotive night vision
system market is expected to witness its demand increase at a CAGR of 11.5%
over the forecast period. Integration of adaptive front lighting systems can
drive the market growth exponentially. The use of LED lamps for providing
clarity at night as well as improved style of function can bode well for the
market. Furthermore, the ability to clean headlamps and its reduced weight will
attract consumers looking to travel long distances.
Awareness among customers regarding
night vision systems and identification of potential hazards including varying
colors for distinguishing animals and humans will go a long way in facilitating
market growth. Integration of advanced technology in the head-up display which
swivels as per the rotation of the steering wheel can be useful to drivers going
on long transport runs. For instance, BMW, Audi, and Mercedes offer night
vision systems which sound alerts for providing collisions with humans or
animals.
The spread of the COVID-19 virus has
negatively impacted the industry with a majority of consumers unable to visit
car showrooms owing to restrictions on movement. Imposition on travel and
barriers on international roads can affect the automotive night vision system
market.
But the high costs of these systems
can impede the market growth.
Segmentation
On the basis of technology, the
market is segmented into Far Infrared (FIR) and Near Infrared (NIR). The NIR segment
is expected to dominate the global market by technology in 2016 in terms of
market revenue. The growth of this segment is attributed to the advantages
provided by this technology for identifying between humans, animals, and non-living
objects. The NIR cameras integrated in active night vision systems provides
angular distribution of lights and used in heavy traffic without blinding
drivers.
By component, it is segmented into
sensors, display unit, controlling unit, and others.
By system, it is divided into active
NVS and passive NVS.
By vehicle type, it is divided into
commercial vehicle and passenger cars.
Regional Analysis
Geographically, the global automotive
night vision system market has been divided as four major regions such as North
America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America is expected to dominate
the global market over the forecast period. The presence of major players of
night vision systems such as Delphi Automotive System Inc., Magna International
Inc., and FLIR Systems is further expected to drive the regional market. The
use of night vision systems for avoiding collisions can encourage customers to
drive at night and can fuel market demand in the coming years.
However, the APAC is expected to grow with the
highest CAGR over the forecast period owing to the boom in the automobile
industry in the region. Factors such as improving standard of living, growing
per capita ownership of cars, and development of road infrastructure are to
drive the growth of the market over the forecast period. Regulatory focus on
improving road safety and miniaturization of components coupled with strides in
sensor technology are expected to contribute in the regional automotive night
vision system market.
Competitive Outlook
Denso Corporation, Autoliv Inc.,
Robert Bosch GmbH, Bendix Commercial Vehicles Systems, HELLA KGaA Hueck &
Co., FLIR Systems, Delphi Automotive System Inc, Magna International Inc.,
Valeo, Continental AG, and others are prominent players of the global automotive
night vision systems market.
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Key Questions Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/
Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this
market?
- What are the strategies adopted by
key players?
TABLE OF
CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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