According to the report, the global Automotive Night Vision System market is expected to exhibit a strong 11.5% Compound Annual Growth Rate over the forecast period from 2019 to 2023.
Leading players in the global Automotive Night Vision System market include:
Autoliv Inc. (Sweden), HELLA KGaA Hueck & Co. (Germany), Bendix Commercial Vehicles Systems (U.S.), Delphi Automotive System Inc (U.S.), Denso Corporation (Japan), Robert Bosch GmbH (Germany) Continental AG (Germany), FLIR Systems (U.S.), Magna International Inc. (Canada), Valeo (France).
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Market Research Future published research report on global automotive night vision system market. Automotive night vision system market is expected to grow at ~11.5% CAGR during the period 2019 to 2023. The market is further expected to experience huge potential during the forecast period with the integration of night vision systems with adaptive front lighting systems. This improves the visibility range of the driver and helps identifying the presence of potential hazards. The increase in the awareness among customers for the purchase of vehicles with higher safety systems, is also expected to drive the growth of the market.
The introduction of stringent government regulations by government for the safety of the vehicles and passengers in various countries, is also driving the growth of the market. The increase in demand for high end passenger cars is also expected to spur the growth of the market over the forecast period.
Automotive night vision safety is a part of advanced safety systems. These are being implemented majorly in the high end passenger cars with the objective of reducing the number of automotive accidents and also to lessen the impact of accident on driver and passengers. The global automotive night vision system market is being majorly driven by the increased number of advantages such as improving at the visibility at night and even in bad weather conditions. The use of night vision systems in the automotive helps in improving visibility, which is not attainable by the normal headlights of the vehicles.
However, the growth of this market is expected to be restrained by the high cost of technologies used in night vision systems such as sensitivity and infrared technology.
Automotive Night Vision System Market Segmentation:
The scope of the study segments the global automotive night vision system market by technology, components, system, vehicle type and regions.
By Technology:
Far Infrared (FIR)
Near Infrared (NIR)
By Components:
Controlling Unit
Display Unit
Sensors
Others
By System:
Active NVS
Passive NVS
By Vehicle Type:
Passenger Cars
Commercial Vehicle
By Regions:
North America
Asia Pacific
Europe
Rest of the World
Automotive Night Vision System Market Regional Analysis:
Geographically, the global automotive night vision system market has been divided as four major regions such as North America, Europe, Asia Pacific and Rest of the World. North America region is expected to dominate the global variable valve timing market over the forecast period. The presence of major players of night vision systems such as Delphi Automotive System Inc., FLIR Systems and Magna International Inc., is further expected to drive the growth of the North America market.
However, the Asia Pacific region is expected to grow with the highest CAGR, 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, is also expected to contribute in the automotive night vision system market.
Automotive Night Vision System Market Report Table Of Content:
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 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
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
Continued…
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