This report provides exclusive insights into the COVID-19 impact on the Night Vision System. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Night Vision System. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Night Vision System. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on night vision system (NVS) market provides in-depth
analysis of segments and sub-segments in the global as well as regional night
vision system market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional night vision system
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global night vision
system market. According to the report, the global night vision system market
is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
The night vision system is a technology in
which a thermographic camera helps the driver to see the distance in dark or
poor weather beyond the reach of the vehicle's headlights. Thermal cameras are
capable of sensing very small temperature differences. The objects can be
differentiated from their surroundings at extended ranges under all lighting
conditions. This system is optional
equipment on premium vehicles. In September 2019, Veoneer has announced that
they are going to make the world’s first thermal camera for level 4 autonomous
vehicles. This system will have multiple high-resolution thermal cameras to
enhance safety as well as the detection of pedestrians, animals, vehicles,
motorcycles, bicyclists, and objects to complement the capabilities of other
sensor technologies. In 2018, MFC500, fifth-generation automotive camera with
the image resolution of 1-to-8 megapixels has been launched by Continental AG.
The growing demand for luxury
cars and safety awareness is the factor boosting the night vision system
market. Increasing government initiatives such as the New Car Assessment
Programme (NCAP) for safety purposes as well as the implementation of this
program in the number of countries is propelling the night vision system
market. Increasing technological advancement such as multiple high-resolution
thermal cameras in level 4 autonomous vehicles is driving the night vision
system market. Increasing disposable income among consumers globally is
impelling the night vision system market. Also, increasing sales of premium
cars is another factor enhancing the night vision system market. To develop
technologies used in sensors, display units, thermal cameras involve high cost.
However, the high cost of a night vision system yet remains one of the major
restraints to the night vision system market. Moreover, new product development
offers favorable opportunities in the night vision system market.
Geographically, Asia Pacific is
the dominant region in the night vision system market. Increasing purchasing
power, high standard of living, and GDP growth are the major factors driving
the night vision market in the Asia Pacific. Europe and North America are
expected to hold the largest market share in the forecast period. The US
Department of transportation evaluates its vehicle safety program which is
making safety rules for the vehicle manufacturer more stringent.
The report on global night vision
system market covers segments such as car type. On the basis of car type, the
sub-markets include passenger cars, light commercial vehicles, and heavy
The report provides profiles of
the companies in the market such as Continental AG, Autoliv, Inc., Delphi
Automotive PLC, Robert Bosch GMBH, Denso Corporation, Omron Corporation, Valeo
S.A., Aisin Seiki Co., Ltd., Magna International Inc., and Visteon Corporation
among the others.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the night vision system market. Moreover, the study highlights
current market trends and provides forecast from 2019-2025. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.