What is Automotive Night Vision System?
An automotive night vision system is an advanced safety vision that uses an infrared sensor which is a thermographic camera to increase a driver's perception in darkness or poor weather beyond the reach of the vehicle's headlights. The automotive night vision system market has high growth prospects owing to the rising demand from various governments for advanced vehicle safety system and improving economical condition, demand for luxury vehicles are increased in developed and developing countries.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 11.1% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analysts at AMA Research estimates that Vendors from Japanese and German will contribute to the maximum growth of Global Automotive Night Vision System market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Autoliv Inc. (Sweden), Bosch (Germany), Delphi Technologies ( Ireland), Visteon Corporation (United States), Valeo (France), Wuhan Guide Infrared Co., Ltd. (China), Continental AG (Germany), Denso Corporation (Japan) and OMRON Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Aisin Seiki Co., Ltd (Japan) and Magna International Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Night Vision System market by Type (Active Automotive NVS and Passive Automotive NVS) and Region.
On the basis of geography, the market of Automotive Night Vision System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Component Type, the sub-segment i.e. Night Vision Camera will boost the Automotive Night Vision System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Display Type, the sub-segment i.e. Navigation System will boost the Automotive Night Vision System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Far Infrared (FIR) will boost the Automotive Night Vision System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In August 2021, Daimler unveiled 2021 Mercedes-Benz S-Class outfitted with Night View Assist Plus, a night time imaginative and prescient device that makes use of infrared science with a special digicam to furnish a clear outlook of the street whilst using at dark. This device routinely focuses its headlights on close by pedestrians and can discover bloodless objects too.
In May 2021, FLIR Systems introduced the availability of its first European thermal imaging regional dataset and the 1/3 in a collection of thermal imaging datasets for desktop imaginative and prescient testing. Designed to assist researchers, builders and auto producers beautify and speed up work on safety, superior driver assistance-systems (ADAS), automated emergency braking (AEB) and self sufficient automobile (AV) systems, the dataset points hundreds of annotated thermal pix of daytime, night-time and a number climate eventualities from six cities throughout Europe.
Section 740.20, License Exception Strategic Trade Authorization (STA) for Certain Night Vision Equipment To Be Embedded. Prior to December 31, 2016. Section 740.20(b)(2)(x) restricted the use of License Exception STA for specific commodities controlled by ECCN 6A002, as well as related technology controlled by 6E001 or 6E002
Market Drivers
- Growing Public Awareness towards Road Safety Globally
- Increasing Sale of Luxury Cars in Emerging Countries
Opportunities
- Increasing Demand From Developing Countries Due to Growing Number of Accident
- Demand for Advanced Safety System from Emerging Counties
Restraints
Challenges
- High Cost and Complexity of Equipment
Key Target Audience
Night Vision System Manufacturer, Suppliers/Distributors, Raw Material Suppliers, Automotive Industry, Potential Investors and Research and Development Organisation
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.