What's Driving the Automotive Night Vision Systems Market Growth? | Major Key Companies are Magna International, ZF Group, DENSO, Bosch USA, Delphi, Ford Motor Company, Autoliv
Autoliv, Inc., a global leader in automotive safety systems, had reportedly announced last year that its electronics business Veoneer had been chosen by one of the leading automakers in the world as a partner to develop and manufacture mono vision camera systems. The company's night vision camera technology is well-known for its forward collision warning and pedestrian detection capabilities. Similar product developments and partnership undertakings could outline the growth of automotive night vision systems market.
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Prominent automotive players and tech companies are coming up with autonomous vehicles equipped with advanced features like vision sensors, night vision camera, and far infrared camera which play a vital role in vehicle safety. Vision sensors capture and process live images with panoramic views and depth cues that help driverless systems to detect other cars and pedestrians to alert them to quickly stop or slow down. Self-driving sector would certainly pan out to be a viable investment avenue for automotive night vision systems market.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
3. Flir Systems
4. ZF Group
5. Magna International
6. OmniVision Technologies, Inc.
7. Ford Motor Company
10. Bosch USA
11. Omron Automation - Americas
According to Mercedes-Benz, its Night View Assist Plus feature goes a step further by recognizing obstacles, such as large animals and pedestrians, sooner and highlighting them on the driver's console. The night vision system is also capable of distinguishing actual obstacles from irrelevant roadside objects such as bushes and road signs.
Ongoing advancement in the integral features night vision technology will strengthen overall automotive night vision systems market trends. For example, BMW has incorporated a failsafe mechanism, wherein if the driver ignores initial warnings the system starts blinking red, accompanied by an acoustic alarm while also priming the vehicle's brakes for optimum responsiveness. Such technology advancements may thus contribute to reduce road fatalities by a notable proportion.
The anticipated rise of autonomous vehicles is expected to emerge as a major proponent for automotive night vision systems market during the forecast timeframe. Autonomous driving systems rely upon an array of technologies including radar, LiDAR, cameras and image recognition to drive the vehicle with minimal human intervention.
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North American and European automakers are rapidly improving the connectivity of automobiles via Internet of Things (IoT), novel chips, diverse mobility solutions and autonomous vehicles. These technological changes are propelling the way automobile companies are investing in their future. At the same time, increasing number collaborations with technology startups, by way of acquisition or partnership, has also had a positive influence on the product demand. Gradual rise in luxury SUV sales in the regions has also supported the industry growth. For example, in 2018 Mercedes-Benz recorded 43.3% growth in sales of its GLC model in the U.S. market.
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