Growing world market for night vision and driver monitoring systems

MarketsandMarkets’ latest report, Night Vision System (NVS) and Driver Monitoring System (DMS) Market for Passenger Cars - by Geography - Trends and Forecasts 2014-2019 classifies and defines the automotive night vision and driver monitoring systems market in terms of volume and value. The report highlights potential growth opportunities in the coming years as well as covers review of the - market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape,
August 15, 2014 Read time: 3 mins

6418 MarketsandMarkets’ latest report, Night Vision System (NVS) and Driver Monitoring System (DMS) Market for Passenger Cars - by Geography - Trends and Forecasts 2014-2019 classifies and defines the automotive night vision and driver monitoring systems market in terms of volume and value. The report highlights potential growth opportunities in the coming years as well as covers review of the - market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects of the automotive active safety systems market.

According to the report, Asia-Pacific is a growing market for night vision and driver monitoring systems. The region includes developing countries such as China, India, and Thailand. Factors such as increasing market penetration of premium cars and safety installations per vehicles are accelerating the demand of automotive night vision and driver monitoring systems. 564 Omron Corporation, Japan is the dominant player in this region which is anticipated to drive the demand for automotive night vision and driver monitoring systems.

Apart from these, the global players such as Robert 311 Bosch, Germany, 4171 Autoliv, Sweden and 601 TRW Automotive in the US have a presence in the Asia-Pacific region, which is also expected to influence the market demand for the systems.

In 2009, Europe experienced an economic downturn that affected many industries and is currently in its recovery phase. However, the market for automotive night vision and driver monitoring systems is projected to show a stable growth rate for the period under study. Europe is the major market for such systems and home to a number of automotive safety system suppliers such as Robert Bosch, Germany, Autoliv in Sweden and TRW Automotive, US.

The Americas region, comprising the US, Mexico, Brazil, Canada, and others also shows a healthy growth rate, with Mexico and Brazil the emerging economies in this segment.

The United States new car assessment program (US NCAP) is a flagship consumer information program of the 324 US Department of Transportation's 834 National Highway Traffic Safety Administration (NHTSA). In the coming years, US NCAP will adjust its rating system to reflect the improvements in the safety features of US vehicles. This will make it more stringent for a vehicle to achieve top ratings, thus encouraging manufacturers to produce vehicles exceeding the minimum federal safety requirements. This is expected to positively affect the night vision and driver monitoring system market. Automotive safety systems suppliers such as Robert Bosch, Germany, Autoliv, Sweden, TRW Automotive, US and Omron Corporation of Japan have a major presence in the Americas region.

Location Based Systems

For more information on companies in this article

Related Content

  • Users want ridesharing technologies regulated, says global survey
    August 25, 2017
    A new survey by the Global Security & Politics program at the Centre for International Governance Innovation (CIGI) finds that a majority globally (63 per cent) believe that ridesharing services should be regulated similar to taxis. This new data comes at a time when Uber, Lyft and other ridesharing apps continue to expand their products and services to new markets around the world. The survey also points out that the number of those likely to choose ride-sharing over taxi services is notably higher in
    Read More
  • Traffic management market forecast to grow at 36.5 per cent by 2019
    September 24, 2014
    The latest report from ReportsnReports.com estimates the global traffic management market to be US$3.56 billion in 2014 and expected to reach US$16.89 billion by 2019, at a CAGR of 36.5 per cent between 2014 and 2019. The report, Traffic Management Market by Solutions, Displays & Systems (Full Pedestrian, Parking Space and Toll Management, Above Ground Pedestrian and Vehicle Detection) - Global Advancements, Projects, Worldwide Forecast & Analysis (2014 - 2019) includes the opportunity analysis of techn
    Read More
  • TRW launches camera technology in the US
    April 15, 2013
    To support its growing video camera business worldwide, TRW Automotive Holdings has launched production of camera systems in the US and is investing in its electronics facility in Illinois. TRW's scalable video camera (S-Cam) family incorporates technology from Mobileye and can provide a range of safety functions including lane departure warning, forward collision warning, headlight control, traffic sign recognition and pedestrian detection. When integrated with vehicle chassis systems, the S-Cam can provid
    Read More
  • Global smart railways system - increased adoption of analytics and big data
    March 30, 2015
    The Global Smart Railway System market is predicted to grow at a CAGR of 26.76 per cent over the period 2014-2019, according to Research and Markets’ latest report, Global Smart Railways System Market 2015-2019. The report has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the APAC region, Europe, Latin America, the Middle East, and North America; it covers the Global Smart Railway System market landscape and its growth prospects in the coming years and inclu
    Read More

Highlighted Content