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

  • Euro NCAP to drive adoption of AEB systems for safer cars in Europe
    June 14, 2012
    Euro NCAP (New Car Assessment Programme) has published the results of its survey on the availability of autonomous emergency braking (AEB) systems in Europe and reveals that its vehicle safety rating assessment programme will include AEB technologies in its star rating from 2014. Real world performance data suggests AEB systems can reduce accidents by up to 27 per cent. Although the introduction of these active safety technologies is reducing road deaths and injuries, the availability of AEB in Europe is fa
    Read More
  • Bosch completes takeover of Taiwan’s Unipoint Group
    March 23, 2012
    The Bosch Automotive Aftermarket division has completed the takeover of the Unipoint Group, based in Taipei, Taiwan, which achieved sales of US$124 million in 2010 and currently employs around 2,360 people at two production locations in mainland China and Taiwan, as well as at various sales locations.
    Read More
  • IRD pleased with 2014 performance to date
    July 11, 2014
    International Road Dynamics’ results for the three and six one of the world's leading providers of systems and solutions for the three and six months ended 31 May show total revenue up 15 per cent year to date, which the company says is due to a strong growth in key geographic markets. Revenue in Canada and the US revenue rose 23 per cent year to date on solid performance in projects and product sales, while Latin America revenue increased 22 per cent year to date on significant project deliveries. Sout
    Read More
  • Fully autonomous vehicles ‘spur LiDAR sensors mass adoption’
    January 26, 2017
    Cost-effective, high-resolution light detection and ranging (LiDAR) sensors capable of long-range object detection will be necessary for high to fully-automated driving applications. Demand for 3D mapping and imaging, better overall performance, automated processing of graphic data gathering and self-sufficient sensor with best-in-class performance in low-visibility conditions are factors driving the development and adoption of LiDAR sensors within the advanced driver assistance systems (ADAS) sensor suite
    Read More

Highlighted Content