Global Night Vision System and Driver Monitoring System Market: Industry Analysis and Forecast (2020-2026)

Global Night Vision System and Driver Monitoring System Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of XX% during the 

forecast period.

The global Night Vision System and Driver Monitoring System market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Night Vision System and Driver Monitoring System report also provides trends by market segments, technology, and investment with a competitive landscape.

Overview of Night Vision System and Driver Monitoring System:

With the growing number of vehicles on the road, customers and government demand for safety. Every year, passenger cars are involved in the majority of road accidents, either due to the driver's inattention or poor lighting conditions on the road. To combat this issue, automakers have equipped high-end new vehicles with night vision systems and driver monitoring systems. Passive night vision systems are available from BMW, Audi, and Honda, among others. Thermal cameras are used to detect the heat generated by objects in the passive system.

The Driver Monitoring System includes a charged coupled device (CCD) camera mounted on the steering column that uses infrared LED detectors to track the drivers' eyes. If the driver's attention is diverted from the road and an accident is detected, the device alerts the driver with flashing lights and warning sounds. If the driver fails to do so, the system applies automatic braking to the car.

Global Night Vision System and Driver Monitoring System Market Dynamics:

Increased safety awareness, increased sales of luxury vehicles, growth of the global automotive industry, and organizations such as the New Car Assessment Program (NCAP) that grant safety ratings to cars are the major factors driving demand for automotive night vision systems and driver monitoring systems. In the future, new product production is expected to be a growth opportunity for the industry. Anti-lock braking systems, night driving assistance systems, and driver tracking systems, among others, are only a few of the systems available.

Companies are spending a lot of money on research and development to come up with solutions for automotive safety. The introduction of Advanced Driver Assistance Systems (ADAS) is a major driver of industry development. Furthermore, these technologies must be implemented in autonomous and semiautonomous vehicles to ensure safe driving, which is expected to have a significant impact on market development. Active Safety Systems play a preventative role in preventing collisions and injuries by providing an advanced warning or extra steering/controlling assistance to the driver.

During the Forecast Period, the demand for Night Vision Systems and Driver Monitoring Systems is expected to grow at a healthy CAGR of 16.3 % and 14.2 %, respectively.

Global Night Vision System and Driver Monitoring System Market Segmentation:

Global Night Vision System and Driver Monitoring System Market

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Based on the vehicle type, the night vision system and driver monitoring system market is segmented into commercial vehicles and passenger vehicles. Consumers' increasing interest in automotive safety features has resulted in passenger cars dominating the overall demand for night vision and driver monitoring systems. The recent shift in national governments' attitudes toward vehicle safety and automation is expected to boost the commercial vehicle segment's growth rate during the forecast period of 2019 to 2026. China is one of the world's largest auto markets, both in terms of sales and production. Many factories in China were closed as a result of the pandemic, and no new vehicles were rolling off the assembly lines in Wuhan. Work stoppages caused by outbreaks continue to impact the industry on a global scale, even though several factories have reopened. Due to the fuel efficiency and low emissions, electric and hybrid passenger vehicles are gaining popularity. One of the biggest challenges for the passenger vehicle industry is rising raw material prices. Recent increases in the price of iron, steel, and plastics have resulted in a rise in the price of passenger vehicles for customers.

Global Night Vision System and Driver Monitoring System Market 1

Global Night Vision System and Driver Monitoring System Market Regional Insights:

Global Night Vision System and Driver Monitoring System Market 2

Due to a greater focus on active vehicle safety systems in the region, Europe is the world leader in night vision and driver tracking systems. Another important factor driving the market growth is the emergence of major active safety device vendors such as Robert Bosch GmbH and TRW Automotive, among others. Existence of car safety programs such as NCAP (National Highway Traffic Safety Administration), which was started by the US government. Because of the existence of government-sponsored automobile safety initiatives such as NCAP, North America is the second-largest regional market.

The objective of the report is to present a comprehensive analysis of the Global Night Vision System and Driver Monitoring System Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Night Vision System and Driver Monitoring System Market dynamics, structure by analyzing the market segments and project the global Night Vision System and Driver Monitoring System market size. Clear representation of competitive analysis of key players By System, price, financial position, product portfolio, growth strategies, and regional presence in the Global Night Vision System and Driver Monitoring System Market make the report investor’s guide.

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Global Night Vision System and Driver Monitoring System Market 3

Global Night Vision System and Driver Monitoring System Market, by Region

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• South America

Global Night Vision System and Driver Monitoring System Market Key Players

• Seiki Co., Ltd.

• Valeo S.A.

• Omron Corporation

• Magna International Inc.

• Denso Corporation

• TRW Automotive

• Delphi Automotive PLC

• Robert Bosch GmbH

• Continental AG

• Autoliv, Inc.

• Visteon Corporation

• ZF Friedrichshafen AG

• Other Key Players