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

  • Favourable legislation essential for developing successful test sites, finds Frost & Sullivan
    May 26, 2016
    New analysis from Frost & Sullivan, Global Test Sites and Incentive Programs for Automated Cars, finds unfavourable legislation in many parts of the world can delay the testing, validation and subsequent introduction of automated vehicle technologies by a few years. Despite the availability of advanced automated functional testing in several parts of the world, original equipment manufacturers (OEMs) and automotive technology providers favour North American test beds to the ones in Europe and Asia, says
    Read More
  • Eurosmart: nearly one billion contactless smartcards shipped in 2013
    November 18, 2013
    The global desire for solutions which combine convenience and security shows absolutely no sign of stopping, according to Eurosmart, the acknowledged voice of the smart security industry Revealing some dramatic figures at the opening of CARTES 2013 today, Eurosmart estimates that 7.2 billion Smart Secure Devices will be shipped by the end of this year, with that number growing by 7% to more 7.7 billion units in 2014.
    Read More
  • Connected and self-driving cars ‘poised for growth’
    April 13, 2015
    Autonomous vehicles will enter mass production by 2020 as more and more major auto makers in recent years have committed to their R&D, according to Topology, a division of TrendForce. Furthermore, the scale of the market will likely surpass a million vehicle mark by 2035. Eric Chang, analyst for Topology, stated the future development of autonomous vehicles will depend on the following technologies: sensors for reading biological data inside vehicle and environmental data outside; communication technology;
    Read More
  • Gulf Traffic Q&A: Middle East in Focus
    October 9, 2019
    Gulf Traffic takes place on 9-11 December in Dubai – the centre of business in the Middle East and North Africa. ITS International is the official media partner of Gulf Traffic, and this year the event will highlight the latest technologies and systems from global suppliers. Rahul Rawat, exhibition director, explains how the international industry can benefit from the opportunities that the region provides.
    Read More

Highlighted Content