Automotive Night Vision System Industry Global Market Size, Share, Trends Analys

Posted by Abhijeet Bendre on November 28th, 2018

Automotive Night Vision System Market Analysis by Size, Share, Trends, Growth, And Regional Forecast To 2023. Global Automotive Night Vision System Market 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.

Automotive Night Vision System Market Highlights:

The global automotive night vision system market has seen a remarkable growth in the global market and it has been observed that, its demand in the future is expected to grow with the CAGR of 11.5%. 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.

The global automotive night vision system market segments has been segmented based on technology, components, system, vehicle type and regions. On the basis of technology, the market is segmented as Far Infrared (FIR) and Near Infrared (NIR). Amongst this, Near Infrared (NIR) is expected to dominate the global market by technology in 2016 in terms of market revenue. The growth of this segment is attributed to the advantages provided by this technology as it helps the driver see warmer living things just as clear as it can spot colder, dead animals or nonliving objects.

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.

For more information on Automotive Night Vision System Industry – Global Market Report @ https://www.marketresearchfuture.com/reports/automotive-night-vision-system-market-5124

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Abhijeet Bendre

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Abhijeet Bendre
Joined: February 20th, 2018
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