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

  • ITS industry in the US has grown to $48 billion and will expand
    April 17, 2012
    ITS America has released what it says is the most comprehensive study to date on the scope of the ITS industry in the United States and North America. Researchers found intelligent transportation to be a fast growing sector valued at approximately US$48 billion. Results indicate that cities and states with drastically reduced budgets are turning to technology solutions to maximize existing highway capacity.
    Read More
  • ITS industry in the US has grown to $48 billion and will expand
    April 17, 2012
    ITS America has released what it says is the most comprehensive study to date on the scope of the ITS industry in the United States and North America. Researchers found intelligent transportation to be a fast growing sector valued at approximately US$48 billion. Results indicate that cities and states with drastically reduced budgets are turning to technology solutions to maximize existing highway capacity.
    Read More
  • EV charging infrastructure market predicted to grow by almost 50 per cent by 2025
    May 19, 2017
    The global electric vehicle charging infrastructure market is expected to reach US$45.59 billion by 2025, growing at a CAGR of 46.8 per cent from 2017 to 2025, according to a new report by Grand View Research. Governments around the world are encouraging the adoption of electric vehicles and incentive programs, such as tax rebates, grants, and subsidies, have been launched to promote the same. The increasing adoption of electric vehicles is expected to be more in the passenger cars segment, in comparison wi
    Read More
  • The move towards shared telematics platforms
    February 27, 2013
    Is the end for dedicated, in-vehicle telematics systems now in sight? Some seemed to think so at the recent Telematics Munich 2012 conference… Geoff Hadwick reports. Forget smartphone apps – leave that sort of thing to Apple and Google,” Roger Lanctot, associate director of the global automotive practice at consultancy Strategy Analytics told more than 700 delegates in Munich last month at the Telematics Munich 2012 conference. They are a waste of time and money, he said. Forget putting too much data on das
    Read More

Highlighted Content