(MENAFNEditorial) Automotive Night Vision System Market Research Report 2018 – Global Industry Forecast To 2023, is latest report on 'Global Automotive Night Vision System Market'. Automotive Night Vision System Market to Project Significant Expansion at a CAGR of 11.5%.
Automotive Night Vision System Industry is segmented 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.
Key Company in Fuel Tank Global Market Analyzed Are:
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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Fuel Tank Market Highlights:
Increased usage of automobiles has created emergence for improvement in the safety measures owing to the skyrocketing number of road accidents. The automotive night vision system is one such technology that provides advanced safety for vehicle and passengers during night time by improving the visibility of the surrounding even at low light.
Market Drivers and Restraints:
The automotive manufacturers in the global market are introducing advanced functions in vehicles to ensure passenger and vehicle safety. The high demand for vehicles that are installed with night vision systems is propelling the growth of the global automotive night vision system market.
The advantages of automotive night vision systems such as improving the visibility for drivers during night and in bad weather and reducing the probability of road accidents are inducing high demand for automotive night vision systems, resulting in the expansion of the global automotive night vision system market.
Increasing expenditure of military and defense sector to install automotive night vision systems in the combat vehicles is likely to impact positively on the growth of the global automotive night vision market in the coming years. However, the high cost of night vision systems is acting as one of the major restraints on the growth of the global automotive night vision system market during the forecast period.
Market Segmentation:
The global automotive night vision market has been segmented based on technology, component, system and vehicle type. Based on technology, the automotive night vision system market is segmented into far infrared (FIR) and near-infrared (NIR). the near infrared (NIR) segment is anticipated to be dominating the global automotive night vision system market.
Based on components, the automotive night vision system market is segmented into controlling unit, display unit and sensor. Based on system, the automotive night vision system market is segmented into active night vision system and passive night vision system. The passive night vision system segment accounts for the highest share in the global automotive night vision system market.
Based on vehicle type, the automotive night vision system market is segmented into passenger cars and commercial cars.
Regional Analysis:
Geographically, the global automotive night vision system market is segmented into four major regions such as North America, Asia Pacific, Europe and the Middle East and Africa. Among these, the North America region is anticipated to project dominance in the global automotive night vision system market owing to the presence of leading players in the global night vision system market in this region. The factors such as stringent regulatory framework regarding vehicle safety and improving standard of living are driving the automotive night vision system market in the Europe region.
The Asia Pacific region is projecting expansion at the fastest rate in the global automotive night vision system market owing to the increased production of vehicles and high demand for advanced automotive systems in this region.
The automotive night vision system market in the Middle East and Africa region accounts for the least share in the global automotive night vision system market owing to the low penetration of advanced technology in the underdeveloped areas of this region.
Competitive Analysis:
The global automotive night vision system market is highly concentrated due to the presence of a limited number of players in this market. The rapidly increasing research and development expenditure and strategic mergers and acquisitions are some of the innovative initiatives that are being taken by the market players to establish their businesses in the global automotive night vision system market.
In July 2018, BrightWay Vision, an Israeli startup that utilizes army night vision technology such as infrared to allow drivers to identify distant objects and flag dangers in the dark, has announced that it has sold hundreds of units to car manufacturing giants in past few months.
List Of Tables:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter's Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
Continued…
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