Home » Automotive & Transportation » Night Vision Systems (NVS) And Driver Monitoring Systems (DMS) Market

Night Vision Systems (NVS) And Driver Monitoring Systems (DMS) Market Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Published: | Report ID: 14400 | Report Format : PDF

Overview:

Night vision and driver monitoring systems are the two most promising active safety systems intended to increase driver perception and safety ratios, thereby preventing road accidents. At present, night vision and driver monitoring systems are mainly installed in premium and luxury cars. As a result, premium car market penetration has a direct impact on the growth of the market for night vision and driver monitoring systems.

One of the most important factors influencing market growth is the rising demand for luxury vehicles, particularly in Asia Pacific. Similarly, the steadily increasing demand for safety systems creates an enormous opportunity for active safety systems. Technological advancement coupled with affordability is a few more factors supporting the night vision and driver monitoring systems market’s growth.

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The night vision systems segment holds a higher market share as compared to driver monitoring systems owing to its incremental demand from the automotive and security sectors. Rising implementations of government car safety programs, such as the New Car Assessment Program (NCAP), awarding safety ratings to both passenger and commercial vehicles based on their safety performance, also provide a positive impact on market growth.

The overall night vision and driver monitoring systems market is segmented by application into commercial vehicles and passenger cars. The rising inclination of consumers towards the safety attributes of vehicles makes the passenger car segment dominated the overall market for night vision and driver monitoring systems. Recent changes in various national governments’ attitudes toward vehicle safety and automation are expected to result in a higher growth rate for the commercial vehicles segment during the forecast period of 2018 to 2026.

Europe is the global leader in the night vision and driver monitoring systems market due to a higher emphasis on active vehicle safety systems in the region. Additionally, the presence of major active safety systems vendors such as Robert Bosch GmbH and TRW Automotive, among others, forms another prominent factor supporting the market’s growth. The existence of car safety programs such as NCAP, initiated by the U.S. government, makes North America the second largest regional market. Asia Pacific is also expected to witness market growth in the following years due to the increasing demand for premium cars in this region.

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The following are major market drivers for night vision systems and driver monitoring systems:

  • Increasing sales of premium cars
  • Massive investment in safety systems
  • Rising safety concerns
  • Government car safety programs

Major challenges in the night vision systems and driver monitoring systems market:

  • High price (increasing global per capita income may reduce its impact).
  • Limitation inaccuracy

The global night vision systems and driver monitoring systems market is segmented on the following basis:

Application

  • Commercial Vehicles
  • Passenger Cars

Geography

  • North America
  • U.S.
  • rest of North America

Europe

  • U.K.
  • Germany
  • France
  • Rest of Europe

Asia Pacific

  • Japan
  • China
  • South Asia
  • Rest of Asia Pacific

Rest of the World (RoW)

  • Latin America
  • Middle East and Africa (MEA)

Key players identified in the night vision systems and driver monitoring systems market include but are not limited to:

Robert Bosch GmbH, Continental AG, Autoliv Inc., Denso Corporation, Magna International Inc., Delphi Automotive PLC, Wuhan Guide Infrared Co., Ltd., Visteon Corporation, Continental AG, Seeing Machines Ltd., Omron Corporation, among others.

Frequently Asked Questions

What is the size of Night Vision Systems (NVS) And Driver Monitoring Systems (DMS) Market?

The market for Night Vision Systems (NVS) And Driver Monitoring Systems (DMS) is expected to reach US$ XX Mn in 2026.

What is the Night Vision Systems (NVS) And Driver Monitoring Systems (DMS) Market CAGR?

The Night Vision Systems (NVS) And Driver Monitoring Systems (DMS) market is expected to see significant CAGR growth over the coming years,at XX%

What is the Forecast period considered for Night Vision Systems (NVS) And Driver Monitoring Systems (DMS) Market?

The report is forecasted to 2018-2026.

What is the base year considered for Night Vision Systems (NVS) And Driver Monitoring Systems (DMS) Market

The base year of this report is 2017.

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