Pune, April 04, 2023 (GLOBE NEWSWIRE) -- Maximize Market research, a global Automotive and Transportation market research firm has published a competitive intelligence market research report on the “Automotive Night Vision System Market. The Automotive Night Vision System Market size was valued at USD 3.9 Bn in 2021. The total Automotive Night Vision System Market revenue is expected to grow at a CAGR of 12.02 percent from 2022 to 2029, reaching USD 9.67 Bn during the forecast period.
| Market Size in 2021 | USD 3.9 Bn |
| Market Size in 2029 | USD 9.67 Bn |
| CAGR | 12.02 per cent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 265 |
| No. of Tables | 129 |
| No. of Charts and Figures | 121 |
| Segment Covered | By Technology, Display Type, Component Type |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Automotive Night Vision System Market Scope and Research Methodology
The Automotive Night Vision System Market research report covers technology, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc. The report includes drivers, opportunities and restraints affecting the global market. It covers the impact of these drivers, trends and restraints on the demand of the market during the forecast period. The report also highlights opportunities in the market at the global level.
The report covers the Automotive Night Vision System Market strategies followed by major players with their strategies and investment plans. The primary and secondary research method was used to collect the data from Automotive Night Vision System Market. Key players are identified through secondary research. Secondary research was used to collect information for the extensive, market-oriented, and commercial analysis of the Automotive Night Vision System Market. Regional analysis of the Automotive Night Vision System Market is conducted at the country, regional and global level.
Automotive Night Vision System Market Overview
The Automotive Night vision camera is used to be aware and navigate the in dark, also it helps to reduce accidents by providing safety systems. They produce a natural-looking image of the road, which is usually occupied with animate and inanimate objects. This system is used to detect warm objects, such as pedestrians, and animals.
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Automotive Night Vision System Market Dynamics
The growing road safety regulations established by different governments are a primary factor driving the growth of the automotive night vision system. Increasing technological advancements in thermal imaging technologies are expected to give a considerable boost to market growth. On the other side, the high cost of night vision equipment to hamper market growth, particularly in emerging countries. Another aspect that might cause a drop is the inefficiency of night vision systems, considering that companies are always working to enhance the technology and launch new reliable products.
Asia Pacific region is expected to fuel the Automotive Night Vision System Market growth
Asia Pacific region is expected to dominate to regional Automotive Night Vision System Market during the forecast period. China held the largest market share in 2021, thanks to growing market penetration of luxurious vehicles with safety installation per vehicle are driving the automotive night vision system market. The not reusable income of middle-class consumers is also growing. This, in turn, will have a positive impact on the demand for vehicles. Also, the Chinese government has also cut down the taxes on vehicles, to increase car sales and production.
Automotive Night Vision System Segmentation
Based on Technology, the Automotive Night Vision System Market is segmented into Far Infrared (FIR), and Near Infrared (NIR). Far Infrared (FIR) is expected to dominate the market during the forecast period. FIR technology needs to be developed for autonomous vehicle deployment and widespread market adoption since it is the only sensor capable of providing the broad and dependable coverage required to keep AVs safe.
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Based on Display type, HDU segment to dominate the Automotive Night Vision Camera Market over the forecast period
HDU shows direct night vision information on the windshield, providing less direction. HDU gives a safer option for see information on the remote display.
Automotive Night Vision System Market Segmentation
By Technology:
- Far Infrared (FIR)
- Near Infrared (NIR)
By Display Type:
- Navigation System
- Instrument Cluster
- HUD
By Component Type
- Night Vision Camera
- Controlling Unit
- Display Unit
- Sensor
- Other Components
Automotive Night Vision System Market Key Players Include:
- ZF Friedrichshafen AG
- Aisin Seiki
- Delphi
- Magna
- Visteon
- BMW
- Daimler
- Ford
- General Motors
- Honda
- PSA Peugeot Citroen
- Renault
- Toyota
- Volkswagen
- Volvo
- Robert Bosch GmbH
- Autolive Inc
- TRW Automotive
- Omron Corporation
- L-3 Communications Holding
- DENSO Corporation
- OmniVision Technologies Inc
- Continental AG
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Key questions answered in the Automotive Night Vision System Market are:
- What is Automotive Night Vision System?
- What was the Automotive Night Vision System Market size in 2021?
- What is the expected Automotive Night Vision System Market size by 2029?
- What is the growth rate of the Automotive Night Vision System Market?
- Which are the factors expected to drive the Automotive Night Vision System Market growth?
- Which factors are expected to restrain the Automotive Night Vision System Market growth?
- Which segment dominated the Automotive Night Vision System Market growth?
- What is the demand pattern for the Automotive Night Vision System Market?
- Which region held the largest share in the Automotive Night Vision System Market?
- Who are the key players in the Automotive Night Vision System Market?
Key Offerings:
- Past Market Size and Market Competitiveness (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, Challenges and Key Trends by region
- Market Segmentation – A detailed analysis by Technology, Display Type, Display Type Competitive Landscape –A detailed scenario of the competitive environment in the global market
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region based on product Portfolio, End-Users, Revenues, Manufacturing Locations, etc.
- Market Consolidations – Mergers, Acquisitions, Joint Ventures, Partnerships.
- Company Profiles – Business Overview, Financial Overview, Business Strategy, SWOT Analysis, Recent Development.
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Key Takeaways
- Industry Recommendations
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