According to a new market research report published by Credence Research “Automotive Night Vision Systems Market (Vehicle Class – Commercial Vehicles and Passenger Cars, Technology – Active Automotive NVS, Passive Automotive NVS) – Growth, Future Prospects and Competitive Analysis, 2018—2026”, the global night vision system market is set to expand with a double digit CAGR throughout the forecast period to reach US$ 4,680.0 Mn by 2026.
Night vision systems find major adoption in automotive industry considering increasing demand for Advanced Driver Assistance Systems (ADAS), worldwide. Among all advanced driver assistance systems, night vision system has witnessed notable demand in global market for ADAS. The advent of night vision system expected to revolutionize road transport, worldwide. These systems further promising improved road safety with increasing adoption and technological advancement in automotive industry. This system offers greater freedom for vehicle movements, thus resulted in lowering road accident incidences by eliminating human errors.
Automotive night vision system is an advanced safety vision system, increases driver’s visibility in poor weather conditions, darkness and beyond the reach of vehicle headlights. NVS system generates the image of an object using refection of light or radio waves emitted by the system. Technological advancement in automotive industry and increasing road safety concerns further ensures automotive NVS market growth in coming years. In addition, rise in demand for integration of electronic safety systems among luxury as well as premium cars expected to drive market for night vision systems market during the forecast period from 2018 to 2026.
Automotive NVS has witnessed major adoption among luxury passenger cars in recent years. High cost of NVS system reported as one of the major factors limiting its adoption among luxury cars. Global luxury cars market has crossed US$ 560 Bn in 2017 and expected to witness year-on-year growth of 6% during the forecast period.
Automotive NVS market segmented by technology into active NVS and passive NVS system. With high detection range and accuracy, passive NVS system accounted for higher share in overall automotive NVS market. Passive NVS system involves thermal camera mounted on grille along with Radio Detection and Ranging (RADAR) technology. RADAR enabling passive NVS segment to witness significant growth in coming years, considering increasing demand for long detection range. On the other hand, infrared signals coupled with LIDAR technology limits the detection range and accuracy of active automotive NVS segment, thus reported for lesser share in overall market for automotive NVS.
Browse the full report at https://www.credenceresearch.com/report/automotive-night-vision-systems-market
Some of the major players profiled in the report include Continental AG, Robert Bosch GmbH, Delphi Automotive PLC, ZF Friedrichshafen AG, Autoliv, Inc., Omron Corporation, Denso Corporation, TRW Automotive, Inc., L-3 Communications Holdings, OmniVision Technologies, Inc., Magna International, Inc., FLIR Systems, Inc., Ford Motor Company and others.