Global Auto Night Vision System Market was valued at US$ 1.3Bn in 2019 and is expected to reach US$ 4.7Bn by 2026, at a CAGR of 17.43% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Vehicle manufacturers are focusing on introducing autonomous vehicles that eliminate the need for driver assistance. As Consumers are gaining awareness about the advanced safety features and technologies, they are indicating interest in improving the safety systems of their vehicles
Based on the System, the Active NVS segment is expected to hold the largest share in the market during the forecast period. Active Safety Systems playing a preventive role in mitigating crashes and accidents by providing advance warning or by providing the driver with additional assistance in steering/controlling the vehicle. An emerging trend is witnessing the change in the global automotive safety system market via increasing demand from the countries like India, China, Russia, and Brazil. OEMs and suppliers are also focusing on increasing demand from emerging markets. In-Vehicle Type, Passenger Vehicle also expected to lead the market growth.
Major driving factors of the Auto Night Vision System Market are the automotive industry is more trending towards the use of advanced technologies to reduce the number of accidents and mitigate the impact of accidents on occupants.
The increasing number of countries implementing auto Night Vision System Market is presenting growth opportunities and new technology with safety systems have played an important role in achieving these targets, where these systems have made vehicles safer for the occupants. Increasing demand for luxury cars and safety awareness are the key market drivers for the advanced Night Vision System Market and driver monitoring system market. The high cost of technologies and High system cost will act as a restraint to the market.
In terms of region, Asia Pacific is expected to hold the largest share in the market during the forecast period. In recent, the automobile industry is booming in the region with higher penetration market capture in passenger and heavy vehicles. Factors such as improving the standard of living, growing per-capita ownership of cars, and development of road infrastructure. Increasing demand for premium and luxury cars, coupled with the government regulations for vehicular safety systems, the regulatory focus on improving road safety, presence of major players will create more opportunities in this region.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
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Global Auto Night Vision System Market, by Technology
• FIR (Far Infrared)
• NIR (Near Infrared)
Global Auto Night Vision System Market, by Component
• Controlling Unit
• Display Unit
Global Auto Night Vision System Market, by System
• Active NVS
• Passive NVS
Global Auto Night Vision System Market, by Vehicle Type
• Passenger Vehicle
• Commercial Vehicle
Global Auto Night Vision System Market, by Region
• North America
• Middle East & Africa
• South America
Key Players Operating in the Auto Night Vision System Market
• Delphi Automotive System Inc
• L3 Technology
• Denso Corporation
• Robert Bosch GmbH
• Newcon Optik
• ATN Corporation
• Continental AG
• FLIR Systems
• Magna International Inc.
• Autoliv Inc
• HELLA KGaA Hueck & Co.
• Bendix Commercial Vehicles Systems
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