Press release
What’s driving the automotive night vision system market size? Magna International, ZF Group, DENSO, Bosch USA, Delphi, Ford Motor Company
The current products in the automotive night vision system market use navigation display or center stack display, head-up display, and instrument clusters to display information through the system. While navigation displays are used in a majority of vehicles, head-up displays are being increasingly integrated by some of the automakers.
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Automotive Night Vision System Market is expected to reach over USD 4.5 billion by 2025. The night vision systems found their way in automotive applications with the rising need for improvement in safety features and to reduce fatalities. Organizations, such as the European Commission, have reported that majority of the accidents occur at night.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Veoneer
2. DENSO
3. Flir Systems
4. ZF Group
5. Magna International
6. OmniVision Technologies, Inc.
7. Ford Motor Company
8. Continental
9. Delphi
10. Bosch USA
11. Omron Automation - Americas
The automotive night vision system market emerged with the growing demand to tackle issues such as visibility in low light & foggy weather conditions, safety of pedestrians, animals & cyclists, and other situations occurring at night. The capabilities of night vision cameras and sensors to detect multiple parameters, such as driving lanes, traffic signs, and multiple objects, are bringing sophisticated products in the automotive night vision system market.
Browse key industry insights spread across 205 pages with 279 market data tables & 17 figures & charts from the report, “Automotive Night Vision System Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/automotive-night-vision-system-market
Some of the restraining factors in the adoption of night vision systems are high costs of these systems and technological drawbacks. Night vision systems can cost around USD 1,000 to 2,000 depending on the overall offering and technology used. These costs will restrict the adoption of these systems particularly in economy class vehicles affecting the growth of the automotive night vision system market. Another important factor is technological challenges.
The luxury cars contribute to a major part in the automotive night vision system market as these cars are embedded with the most advanced safety features and customers pay high prices for them. Mercedes-Benz, BMW, and Toyota Lexus are some of the major automakers adopting these systems. Higher cost is a major barrier for the adoption of these systems in the economy and mid-range vehicles. However, developments in sensor technologies and sophisticated product developments by companies will influence the use of these systems in a greater number of cars.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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