The report forecasts the global automotive night vision system market to grow at a CAGR of 16.11% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global automotive night vision system market for 2016-2020. To calculate the market size, the report considers the annual shipment units of luxury and mid-segment cars. In terms of regional market size, regional shipment data have been considered.
The latest trend gaining momentum in the market is increase in NVS demand from emerging markets. Developed regions such as Europe and the Americas dominate the global automotive NVS market. The automobile market is growing, especially in emerging markets, and OEMs and suppliers are focused on these emerging markets. The continuous economic growth in emerging markets has improved the financial status of consumers and they are willing to spend on advanced safety features.
According to the report, one of the major drivers for this market is voluntary safety initiatives. The risk in traffic is high during the night than in the day. The main aim of the NVS is to improve the driver's range of vision and provide protection to the driver and people walking on the roads. Vehicle manufacturers are also taking proactive roles to enhance their vehicle crash avoidance capabilities.
Further, the report states that one of the major factors hindering the growth of this market is high price of NVS. NVS are expensive because of the high costs involved with related technologies such as sensitivity, resolution, and complex image analysis algorithms.
- ZF TRW
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by technology
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Market challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/dpk74d/global_automotive
Research and Markets
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SOURCE Research and Markets