Global Night Vision System and Driver Monitoring System Market, By Vehicle (Passenger, Commercial), By Geography (North America, South America, Europe, Asia Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
Market Analysis: Global Night Vision System and Driver Monitoring System Market
Increased safety concern and rise in sales of luxury cars has driven the market growth of the industry significantly. This trend has affected the market growth positively and will raise the market share in the forecast period significantly, registering a healthy CAGR in the forecast period of 2019-2026.
Market Definition: Global Night Vision System and Driver Monitoring System Market
Rise in sales of vehicles has also meant in the rise of road accidents worldwide. This has induced the automotive industry to innovate and develop automotive safety systems which include the Night Vision System and Driver Monitoring System. These systems play an important role in lessening the instances of road accidents.
Night Vision System as the name suggests enables the driver of the vehicles to look beyond the reach of the vehicle headlights, helping the drivers during night time or during adverse weather conditions. Driver Monitoring System tracks the attentiveness and awareness of the drivers through an infrared detector which tracks the eye movements of the driver. These systems inform the driver of any threat forthcoming with the help of sounds and flashlights, if the driver fails to acknowledge these warning then the system applies automatic brakes to avoid any accidents or any life-threatening situations.
Surveys conducted in the region of Europe recently concluded that 38% of all fatal accidents occur during the night time. This fact emphasis the need for night vision and driver monitoring system to be installed in a larger segment of vehicles rather than just luxurious cars.
- Increased safety awareness and concerns is driving the market growth
- Rise in sales of luxury cars globally has also affected the market growth positively as these systems are majorly installed in luxury cars
- High cost of these systems is one of the major factors restraining the market growth
- High chances of hacking of these systems is also a major restraint in the market growth
Segmentation: Global Night Vision System and Driver Monitoring System Market
- By Vehicle
- Passenger Vehicles
- Commercial Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Competitive Analysis: Global Night Vision System and Driver Monitoring System Market
The Global Night Vision System and Driver Monitoring System Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of night vision system and driver monitoring system market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Night Vision System and Driver Monitoring System Market
Few of the major market competitors currently working in the Night Vision System and Driver Monitoring System Market are AISIN SEIKI Co. Ltd., Valeo, Veoneer Inc., OMRON Corporation, Magna International Inc., DENSO CORPORATION, ZF Friedrichshafen AG, Aptiv, Robert Bosch GmbH, Continental AG, Autoliv Inc., and Visteon Corporation.
Research Methodology: Global Night Vision System and Driver Monitoring System Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved