Automotive Night Vision System Market To Develop With Surge In Contactless Transaction Demand Due To COVID -19| Regional Trends and Competitive Landscape By Global Leaders

Automotive Night Vision System Market To Develop With Surge In Contactless Transaction Demand Due To COVID -19| Regional Trends and Competitive Landscape By Global Leaders

“Automotive Night Vision System Market”
Covid-19 (CoronaVirus) Impact on Automotive Night Vision System Industry: Size, Share, Trends, Growth, Sales, Revenue, Risk and Opportunity Assessment with Regional Analysis and Segmentation 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

The study on the global automotive night vision system market 2020 by Market Research Future has been conducted with the bird’s eye view of the current proceeding within the automotive industry. The report also considers the influence of the novel COVID-19 pandemic on the automotive night vision system market. It offers a transparent assessment of the projected market fluctuations during the forecast period (2015-2023) at a pace of ~11.5% CAGR while anticipating a valuation of USD 8.5 Billion in the same years.

The well-known players in the automotive night vision system market include Denso Corporation (Japan), Delphi Automotive System Inc (U.S.), FLIR Systems (U.S.), Magna International Inc. (Canada), Robert Bosch GmbH (Germany) Continental AG (Germany), Autoliv Inc. (Sweden), Valeo (France),  Bendix Commercial Vehicles Systems (U.S.), HELLA KGaA Hueck & Co. (Germany), and others.

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Notable Developments

The Automotive night vision system market has developed for advancing the visibility of drivers in varied conditions such as darkness and poor weather. Safety of pedestrians and animals has become an essential concern, particularly in the night with nearly 50% of the accidents taking place at night as per the European Commission. These systems support the driver by mounting situational awareness in low-light situations. The market has been prejudiced owing to the capabilities of these systems to extend the perception of drivers beyond the reach of the vehicle’s headlights.

Some of the other key factors driving the market are the increasing public awareness toward road safety, surged sales of luxury cars, and the inclination of automobile manufacturers to extend more advanced technologies to prevent accidents (owing to the enactment of stringent regulations by governments and safety organizations). Though presently, night vision systems (NVSs) are available only for luxury cars, they are probable to be possible in the mass mid-car segments by 2023-end.

Night vision sensor systems are becoming increasingly common in vehicles. Various methods using infrared sensors are suggested in the literature to detect vehicles in far-infrared (FIR) images. However, these systems still have low vehicle detection rates, and their performances may be enhanced. Images from cameras with infrared are likely to advance the perception of the driver under low-light conditions.

On the contrary, the factors such as high prices of night vision systems pose a significant threat towards the growth of the market, as the technologies used in systems, like sensors and the display units, are comparatively expensive.

Segmentation of Market

The global automotive night vision system market has been segmented on technology, components, system, and vehicle type.

In terms of the technology segment, the market has included Far Infrared (FIR) and Near Infrared (NIR). Amongst these, Near Infrared (NIR) is anticipated to lead the global market by technology in 2016 in terms of market revenue. The growth of this segment is ascribed to the advantages provided by this technology as it assists the driver see warmer living things transparent as it can spot colder, dead animals or nonliving objects.

In terms of component, the market has included controlling unit, display unit, sensors and others.

In terms of system, the market has included active night vision system and passive night vision.

Based on vehicle type segment, the night vision system market can be classified into three different vehicle types. Among vehicle type, the passenger vehicle occupies a prominent market share of the night vision system. The passenger vehicles segment has included sedans, hatchback cars, sports utility vehicles and multi-purpose vehicles.

Regional Front

On a geographical scale, the night vision system market is studied for the regions such as North America and Europe. These account for a notable share of the global night vision system market is owing to the towering rate of adoption of active safety systems such as ADAS and expansion in the automotive sector in these regions. This has led to a boost in vehicles production employed with automotive night vision systems. The night vision system market in these regions is likely to expand at a rapid pace during the assessment period owing to the accessibility of advanced technologies and the presence of OEMs in the region.

Scope of Report

The report for Global automotive night vision system market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Table of Content

1 Executive Summary

2 Introduction
2.1 Definition 
2.1 Scope of the Study 
2.2 Assumptions 
2.3 Market Structure

3 Research Methodology
3.1 Research Process 
3.2 Primary Research 
3.3 Secondary Research 
3.4 Market Size Estimation 
3.5 Forecast Model

4 Market Dynamics
4.1 Drivers 
4.1.1 Increased Safety Awareness 
4.1.2 Rise in Sales of Premium Cars 
4.1.3 Increase in Government Initiatives and Institutions 
4.2 Restraints 
4.2.1 High Price of Night Vision Systems 
4.3 Opportunities 
4.3.1 Integration of Vehicle Night Vision System With Adaptive Front Lighting Systems 
4.3.2 Technological Advancements 
4.4 Challenges 
4.4.1 Technical and Industry Challenges

Continued……….

List of Tables

Table 1 Market Synopsis 
Table 2 Global Automotive Night Vision System Market, by Technology, 2015–2023 (Usd Million) 
Table 3 Global Automotive Night Vision System Market, by Components, 2015–2023 (Usd Million) 
Table 4 Global Automotive Night Vision System Market, by System, 2015–2023 (Usd Million) 
Table 5 Global Automotive Night Vision System Market, by Vehicle Type, 2015–2023 (Usd Million) 
Table 6 Global Automotive Night Vision System Market, by Region, 2015–2023 (Usd Million) 
Table 7 North America: Automotive Night Vision System Market, by Country, 2015–2023 (Usd Million)

Continued……….

List of Figure

Figure 1 Research Process of Mrfr 
Figure 2 Top Down & Bottom Up Approach 
Figure 3 Driver, Restraint, Opportunities and Threat of Global Automotive Night Vision System Market 
Figure 4 Potert’s Five Forces Analysis 
Figure 5 Value Chain Analysis Figure 6 Global Automotive Night Vision System Market Size, by Technology, 2015-2023 (Usd Million) 
Figure 7 Global Automotive Night Vision System Market, by Components, 2016 Vs 2023 (Usd Million)

Continued………

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