Pune, India -- (SBWire) -- 01/23/2018 --Global Automotive Night Vision System Market Information Report by Technology (FIR, NIR), Components (Controlling Unit, Display Unit, Sensor) By System (Active NVS, Passive NVS), by Vehicle Type (Passenger Cars, Commercial Vehicle) and Region- Forecast To 2023
Market Synopsis
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.
Automotive night vision system market is expected to grow at ~11.5% CAGR during the period 2017 to 2023.
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The global automotive night vision system market has seen a remarkable growth in the global market and it has been observed that, its demand in the future is expected to grow with the CAGR of ~11.5%.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. 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.
The global automotive night vision system market segments has been segmented based on technology, components, system, vehicle type and regions. On the basis of technology, the market is segmented as Far Infrared (FIR) and Near Infrared (NIR). Amongst this, Near Infrared (NIR) 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 as it helps the driver see warmer living things just as clear as it can spot colder, dead animals or nonliving objects.
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.
The prominent players in the automotive night vision system market include 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), Autoliv Inc. (Sweden), HELLA KGaA Hueck & Co. (Germany), Bendix Commercial Vehicles Systems (U.S.) and others.
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Scope of the Report
This study provides an overview of the global automotive night vision system market, tracking four market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. 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
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Automotive Night Vision System Market Attracts Investor Interest with Unparalleled Growth Rates (11.5% CAGR)
Market Research Future published a research report on “Global Automotive Night Vision System Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.