Increased safety concern and rise in sales of luxury cars has driven the market growth of the industry significantly. This trend has affected the market growth positively and will raise the market share in the forecast period significantly, registering a healthy CAGR in the forecast period of 2019-2026.
Rise in sales of vehicles has also meant in the rise of road accidents worldwide. This has induced the automotive industry to innovate and develop automotive safety systems which include the Night Vision System and Driver Monitoring System. These systems play an important role in lessening the instances of road accidents.
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Major countries covered in this report are
U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others
Surveys conducted in the region of Europe recently concluded that 38% of all fatal accidents occur during the night time. This fact emphasis the need for night vision and driver monitoring system to be installed in a larger segment of vehicles rather than just luxurious cars.
Key Market Competitors:
- AISIN SEIKI Co. Ltd.,
- Valeo,
- Veoneer Inc.,
- OMRON Corporation,
- Magna International Inc.,
Few of the major market competitors currently working in the Night Vision System and Driver Monitoring System Market are DENSO CORPORATION, ZF Friedrichshafen AG, Aptiv, Robert Bosch GmbH, Continental AG, Autoliv Inc., and Visteon Corporation.
Major Points from Table of Content:
- Introduction
- Research Methodology
- Executive Summary
- Key Inferences
- Market Overview
- Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
- Market Segmentation
- Competitive Landscape
- Key Players
- Future of the Market
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Market Drivers:
- Increased safety awareness and concerns is driving the market growth
- Rise in sales of luxury cars globally has also affected the market growth positively as these systems are majorly installed in luxury cars
Market Restraints:
- High cost of these systems is one of the major factors restraining the market growth
- High chances of hacking of these systems is also a major restraint in the market growth
- By Vehicle
- By Geography
Segmentation:
- Passenger Vehicles
- Commercial Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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