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

  • Safe-driver training reduces costs, increases safety
    February 3, 2012
    Hermes, one of Europe's leading home delivery specialists, and part of the Otto group's European logistics division, estimates that introducing a range of safe-driving measures in its UK operations have contributed to a US$1.5 million cost saving to the business in the 12 months to April 2010.
    Read More
  • TRW expands electric steering in Poland to meet growing demand
    April 17, 2012
    TRW Automotive Holdings has announced plans to expand its electrically powered steering systems manufacturing in Poland, in support of growing demand from a range of vehicle manufacturers. Approximately 9,000 square metres of additional manufacturing space will be established in Bielsko Biala close to the existing site in Czechowice-Dziedzice. Production will start in the first quarter of 2012.
    Read More
  • Alternative fuel buses gaining significant traction
    April 25, 2012
    According to a recent report from Pike Research, the trend toward cleaner transit buses will continue over the next several years, and by 2015 the cleantech market intelligence firm forecasts that alternative fuel vehicles will represent more than 50 per cent of the 64,000 total transit buses that will be delivered worldwide during that year, up from 28 per cent of total bus deliveries in 2010.
    Read More
  • IBTTA 2011 Annual Meeting highlights developing trends in tolling
    January 26, 2012
    Alain Estiot, chief meeting organiser of this year's IBTTA Annual Meeting and Exhibition, talks about hot topics for discussion. The IBTTA's 79th Annual Meeting and Exhibition, which takes place this year in Berlin in September, will once again take many of the developing trends from around the world and look at their effects on the tolling sector. Host organisation Toll Collect's Alain Estiot, chief meeting organiser, says that the event has to be viewed against a backdrop of major global change.
    Read More

Highlighted Content