Global Night Vision System (NVS) Vehicle Intelligence System Market, By Vehicle Type (Passenger Cars, Commercial Vehicles, Others), Component (Sensor, Analog ICs, Processor, Memory), Advanced Driver Assistance and Driver Monitoring Systems (Adaptive Cruise Control System, Blind Spot Detection System, Park Assist System, Traffic Jam Assist System, Drowsiness Monitoring/Alertness Sensing System), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Night Vision System (NVS) Vehicle Intelligence System Market
Data Bridge Market Research analyses that the night vision system (NVS) vehicle intelligence system market would exhibit a CAGR of 19.20% for the forecast period of 2022 to 2029.
Vehicle Intelligence Systems (VIS) examines how a vehicle functions in order to prevent collisions with other cars. Vehicle intelligence systems are made up of a variety of electromagnetic and electromechanical components that communicate with radio transceivers and computers. This enables services including artificial intelligence and emergency warning to be precise and repeatable. Vehicle Intelligence Systems (VIS) are fitted in cars to keep the driver, passengers, and pedestrians safe.
The rising demand for luxury vehicle will influence the growth rate of night vision system (NVS) vehicle intelligence system market during the forecast period of 2022-2029. The night vision (NVS) vehicle intelligence system market is likely to grow significantly due to the rising awareness of strict safety regulations. Also, the increasing number of road accidents contributes to the growth rate of the night vision system (NVS) vehicle intelligence system market. Furthermore, rise in infrastructure development and increasing vehicle production are the major market drivers that will have positive impact on the market’s growth rate. Some of the factors such as upsurge in the level of disposable income and rising urbanization, will further propel the market’s growth rate. Driving assistance and emergency warning devices will cushion the growth of night vision system (NVS) vehicle intelligence system market.
Moreover, rising trend of autonomous cars and increasing technological advancement will carve the beneficial opportunities for the growth of night vision system (NVS) vehicle intelligence system market. Additionally, an increase in the number of automotive manufacturers and emerging demand for safety features will act as a significant market driver and further boost new opportunities for the market’s growth.
However, the high integration cost will stymie the revenue growth of the night vision system (NVS) vehicle intelligence system market. The dearth of awareness and lack of skilled workforce will pose major challenges for the growth of night vision system (NVS) vehicle intelligence system market. Also, severe impact of COVID-19 on manufacturing as well as supply chain operations of various industries and effective functioning of vehicle intelligence systems will act as major market restrain that will further hinder the growth of night vision system (NVS) vehicle intelligence system market during the above mentioned forecast period.
This night vision system (NVS) vehicle intelligence system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on night vision system (NVS) vehicle intelligence system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Night Vision System (NVS) Vehicle Intelligence System Market Scope and Market Size
The night vision system (NVS) vehicle intelligence system market is segmented on the basis of vehicle type, component and advanced driver assistance and driver monitoring systems. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of vehicle type, the night vision system (NVS) vehicle intelligence system market has been segmented into passenger cars, commercial vehicles and others.
- On the basis of component, the night vision system (NVS) vehicle intelligence system market has been segmented into sensor, analog ICs, processor and memory.
- On the basis of advanced driver assistance and driver monitoring systems, the night vision system (NVS) vehicle intelligence system market has been segmented into adaptive cruise control system, blind spot detection system, park assist system, traffic jam assist system and drowsiness monitoring/alertness sensing system.
Night Vision System (NVS) Vehicle Intelligence System Market Country Level Analysis
The night vision system (NVS) vehicle intelligence system market is segmented on the basis of vehicle type, component and advanced driver assistance and driver monitoring systems.
The countries covered in the night vision system (NVS) vehicle intelligence system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the night vision system (NVS) vehicle intelligence system market during forecast period of 2022-2029 due to the rising number of automotive manufacturers and growing demand for the vehicles intelligent system in this region. Asia-Pacific is expected to grow at the fastest rate during the forecast period of 2022-2029 due to this region's surging demand for luxury vehicles.
The country section of the night vision system (NVS) vehicle intelligence system market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Night Vision System (NVS) Vehicle Intelligence System Market Share Analysis
The night vision system (NVS) vehicle intelligence system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to night vision system (NVS) vehicle intelligence system market.
Some of the major players operating in the night vision system (NVS) vehicle intelligence system market are Robert Bosch GmbH, VALEO, WABCO SA, Infineon Technologies AG, Mobileye, Autoliv Inc., BorgWarner Inc., DENSO CORPORATION, Magna International Inc., Microsoft, Atos SE, NVIDIA Corporation, BrainChip, HARMAN International, Stoneridge, Inc., Intel Corporation, and Continental AG, among others.
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