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

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

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