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Automotive Night Vision System Market: Growing Adoption of Emerging Road Safety Technologies, Rising Accident Rates Drives Automotive Night Vision System Market to Maturity
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Favorable Adoption of Emerging Road Safety Technology to Unlock Fresh Revenue Streams
Strong national commitments to reduce road accidents, improve road quality, and enhance citizen safety have led several governments to increase investments in advanced road safety systems. Frontier technologies such as automotive night vision, advanced sensors or detectors, and fatigue detection systems have immensely contributed to improving technology-driven road safety initiatives. This positive development has propelled the public and private sectors to aggressively pursue high-value partnerships within the domain of road safety improvement. Collectively, these factors are poised to generate profitable outcomes for the global automotive night vision system market. Automotive night vision systems can aid in reducing night accidents, raising alerts about severe weather conditions, and offering situational awareness in dimly-lit areas. Owing to their viability in improving road safety, the demand for automotive night vision systems is expected to substantially increase over the forecast period, opening sound avenues for revenue generation.
Better Performance, Higher Safety to Soar Demand for Far Infrared Technology
On the basis of technology, the global automotive night vision system market is segmented into Near Infrared (NIR) and Far Infrared (FIR). In the coming years, the application of FIR is projected to be higher as it offers comprehensive situational awareness. Premium characteristics such as unidirectional light property, temperature detection, invariant images, and precise image detection even in low-light conditions have rendered FIR more suitable to improve road safety. In the years to come, this factor is expected to encourage market players to engage in novel innovations toward the manufacturing of FIR-enabled automotive night vision systems. Against this backdrop, the automotive night vision system market is poised to register robust innovation in the foreseeable future.
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Asia Pacific to Rise as Foremost Regional Player
Asia Pacific is expected to observe considerable growth in the global automotive night vision system market. In this region, India and China are projected to emerge as key demand pools for automotive night vision systems owing to their flourishing automotive sector and policies related to road safety. Additionally, emerging economies in APAC are heavily experimenting with advanced road safety technologies - a contributing factor towards the expansion of their automotive night vision system market.
Prominent Market Players
Some of the major market players in the automotive night vision system include Daimler AG, Autoliv Inc., DENSO Corporation, Hella, Robert Bosch TRW Automotive, Continental AG, Audi AG, Omron Corporation, and FLIR Systems Inc.
Global Automotive Night Vision System Market is Segmented as Below:
By Technology
• Far Infrared (FIR)
• Near Infrared (NIR)
By Display Type
• Navigation System
• Instrument Cluster
• HUD (Head-Up Display)
By Component Type
• Night Vision Camera
• Controlling Unit
• Display Unit
• Sensor
• Other Components
By Region
• North America
• Europe
• Asia Pacific
• LAMEA
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