(MENAFN- GetNews) Global Automotive Night Vision System Market to grow at 11.5% compound annual growth rate by 2018 to 2023, according to "Automotive Night Vision System Market Size, Share, Trends, Growth and Regional Forecast Industry Report" published by Market Research Future.
Global Automotive Night Vision System Market to grow at 11.5% compound annual growth rate by 2018 to 2023, according to "Global Automotive Night Vision System Market Size, Share, Trends, Growth and Regional Forecast Industry Report" published by Market Research Future. This report comprises comprehensive information on Automotive Night Vision System Market Forecast data up to 2023, with historic and current market information. Drive Systems Industry analysis done 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.
Automotive Night Vision System Market Key Companies Studied in this report 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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Global Automotive Night Vision System Market Highlights:
The Automotive Night Vision System global Market is very dynamic and is expected to witness significant growth over the forecast period. Night vision systems make use of various technologies such as infrared light, and head up display, which helps improve the vision range at night and its adverse weather conditions. This drives the growth of the Automotive Night Vision System Market. The introduction of stringent government regulations by government for the safety of the vehicles and passengers in various countries, is also driving the growth of the market. The increase in demand for high end passenger cars is also expected to spur the growth of the market over the forecast period.
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.
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.
Questions Answered in Report:
Which region going to dominate Automotive Night Vision System Market In Coming Years?
What will be the market size, share forecast?
What are the drivers and challenges of the market?
What are the upcoming trends in the Drive Systems payments market?
Which are the key vendors operating in the market?
Market Segments Analysis:
Based on system, the market has been segmented as Active NVS and Passive NVS. The Passive NVS segment is expected to contribute the most in the growth of the Automotive Night Vision System Market, owing to factors, such as its increased range of about 300 meters, and higher contrast for living objects.
Based on vehicle type, the market has been segmented as passenger cars and commercial vehicle. The passenger vehicles segment is expected to have the highest CAGR over the forecast period. The original equipment manufacturers are equipping the passenger cars with the night vision systems for enhancing the view of the drivers for driving at night and for helping in reducing the number of road accidents. The rise in competition in the automotive industry is leading the original equipment manufacturers to upgrade to new models of the passenger cars with night vision systems.
Based on technology, the market has been segmented as Far Infrared (FIR) and Near Infrared (NIR). Amongst this, Near Infrared is expected to grow significantly. The near infrared technology is used for detecting the portion of IR band nearest to visible light.
Geographically, the global Night Vision System Automotive 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 Market.
Research Methodology:
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
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.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter's Five Forces Analysis
4.1 Introduction
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
Continued…
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