Night Vision System (NVS) Market (Car Type - Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

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.

Market Insight

 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.

Segment Covered

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 commercial vehicles.

Companies Profiled:

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.

Report Highlights:

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.