Global Automotive Night Vision Systems Market was valued at USD 3.35 billion in 2021 and is expected to reach USD 7.99 billion by 2029, registering a CAGR of 11.50% during the forecast period of 2022-2029. Passenger Vehicle accounts for the largest vehicle type segment owing to the consumer preference towards economic vehicle options. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Automotive Night Vision Systems Market Dynamics: -
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
Automotive Night Vision Systems Market Dynamics
The rise in awareness regarding road safety among consumers acts as one of the major factor driving the growth of automotive night vision systems market. Government of various regions are taking initiatives to decline the number of road accidents. Manufacturers are increasing their investments to meet government standards that further assists in the expansion of the market.
High End Luxury Cars
The increase in the sales of high end luxury cars is accelerating the growth of the market. The surge in disposable income is escalating demand for high end luxury cars among population throughout the world. Also, increase in demand for passenger vehicles owing to the surge in middle-income group population along with rise in standard of living in emerging countries drives the market.
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Rise in Transportation
The increase in the fleet size of the transportation and logistics companies making monitoring systems necessary for vehicle security and timely delivery further influence the market.
Restraints/Challenges faced by the Automotive Night Vision Systems Market: -
On the other hand, high cost associated with the installation and failure of GPS and cellular-based trackers are expected to obstruct market growth. Also, lack of awareness among the consumer is projected to challenge the automotive night vision systems market in the forecast period of 2022-2029.
Global Automotive Night Vision Systems Market Scope: -
The automotive night vision systems market is segmented on the basis of technology, display, component and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
Far Infrared (FIR)
Near Infrared (NIR)
Display
Navigation System
Instrument Cluster
HUD
Component
Night Vision Camera
Controlling Unit
Display Unit
Sensor
Other Components
Vehicle Type
Passenger Cars
Commercial Vehicle
Automotive Night Vision Systems Market Regional Analysis/Insights: -
The countries covered in the automotive night vision systems market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Competitive Landscape and Automotive Night Vision Systems Market Share Analysis: -
Some of the major players operating in the automotive night vision systems market are
AISIN SEIKI Co. Ltd. (Japan)
Valeo (France)
Veoneer Inc. (Sweden)
OMRON Corporation (Japan)
Magna International Inc. (Canada)
DENSO CORPORATION (Japan)
ZF Friedrichshafen AG (Germany)
Aptiv (Ireland)
Robert Bosch GmbH (Germany)
Continental AG (Germany)
Autoliv Inc. (Sweden)
Visteon Corporation (US)
MAJOR TOC OF THE REPORT: -
Ø Chapter One: Introduction
Ø Chapter Two: Market Analysis and Insights
Ø Chapter Three: Market Dynamics
Ø Chapter Four: Market Scope
Ø Chapter Five: Market Regional Insights
Ø Chapter Six: Competitive Landscape System Market
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