Report ID :10328167 |
Published Date : 21 Oct 2022 |
Report Format : |
Delivery Timeline :48-72 Business Hours
Global Night Vision System (NVS) and Driver Monitoring System (DMS) Market is valued approximately USD XXX Billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2020-2027. The Night Vision System (NVS) and Driver Monitoring System (DMS) are the most essential active safety system of vehicle which is designed to enhance driver perceptions and safety rations along with helps in preventing road accidents. The global pandemic of COVID-19 inversely affected the global growth of NVS & DMS due to the announcement of lockdown in various economies. Government took various initiatives regarding prevention of coronavirus which includes lockdown that impacts in shut down of manufacturing of essential automobile parts and slowdown in supply of it. Whereas, the market growth is expected to drive over the forthcoming period due to the rise in fatal incidents across the globe which encourages the demand for night vision systems and driver monitoring systems. For instance: as per World Health Organization (WHO) nearly 1.25 million people die in road crashes each year, on average 3,287 deaths a day, that cost loss of around USD 518 billion globally. In addition, rise in demand for premium class vehicles is the factor propelling the market growth over the forecast years. However, high price of NVS and DMS is the factor hampering the growth of market.
The regional analysis of global Night Vision System (NVS) and Driver Monitoring System (DMS) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in demand premium class vehicles. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rise in cases of fatal incidents and growing production of automobiles would create lucrative growth prospects for the Night Vision System (NVS) and Driver Monitoring System (DMS) Market across Asia-Pacific region.
Major market player included in this report are:
Autoliv, Inc.
Robert Bosch GMBH
Continental AG
Delphi Automotive PLC
Omron Corporation
Valeo S.A.
Aisin Seiki Co., Ltd.
Visteon Corporation
Magna International Inc.
Denso Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Night vision system
Driver monitoring system
By Application:
Passenger vehicle
Commercial vehicle
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Night Vision System (NVS) and Driver Monitoring System (DMS) Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Report ID :10328167 |
Published Date : 21 Oct 2022 |
Report Format : |
Delivery Timeline :48-72 Business Hours
