Automotive Night Vision Systems Market Global Size, Share, Forecast To 2023
Posted by abhi0210 on June 13th, 2018
Automotive Night Vision Systems Market 2018 - Global Forecast to 2023, research report added by “Market Research Future”, Automotive Night Vision Systems Market shows rapid growth of 11% CAGR for the forecast period of 2018 to 2023. Global Automotive Night Vision Systems Market 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.
Global Automotive Night Vision Systems Market Overview:
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.
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Automotive Night Vision Systems Market Key Companies Studied In This Research 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.
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.
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