Global Automotive Night Vision Systems (NVS) Markets (2018-2026): A $4.68 Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 18, 2018--The “Global Automotive Night Vision Systems Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026” report has been added to ResearchAndMarkets.com’s offering.
The global night vision system market is set to expand with a double digit CAGR throughout the forecast period to reach US$ 4,680 Mn by 2026.
Night vision systems find major adoption in automotive industry considering the increasing demand for Advanced Driver Assistance Systems (ADAS), worldwide. Among all advanced driver assistance systems, the night vision system has witnessed notable demand in the global market for ADAS.
Technological advancement in the automotive industry and increasing road safety concerns further ensures automotive NVS market growth in the 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. The 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.
The automotive NVS market is segmented by technology into active NVS and passive NVS system. With high detection range and accuracy, passive NVS system accounted for a higher share in the overall automotive NVS market. 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.
Companies ProfiledAutoliv Inc. Continental AG Robert Bosch GmbH Delphi Automotive PLC ZF Friedrichshafen AG Omron Corporation Denso Corporation TRW Automotive Inc. L-3 Communications Holdings OmniVision Technologies Inc. Magna International Inc. FLIR System Inc. Ford Motor Company
For more information about this report visit https://www.researchandmarkets.com/research/w4c9lj/global_automotive?w=4
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Related Topics:Automotive Safety
INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 09/18/2018 07:42 AM/DISC: 09/18/2018 07:42 AM