Stratview Research has recently published a report on the Automotive Night Vision System Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.
The market is segmented by Product Type (Active Systems and Passive Systems), Display Type (Head-up Display, Instrument Cluster, and Navigation Display), Component Type (Night Vision Camera, Sensors, Controlling Unit, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Automotive Night Vision System Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Automotive Night Vision System Market is estimated to grow from USD 3.21 billion in 2021 to reach USD 6.81 billion by 2028 at an impressive CAGR of 11.26% during the forecast period.
Some of the companies drive the market growth:
- Continental AG
- Delphi Technologies
- Denso Corporation
- Flir Systems
- Ford Motor Company
- Magna International
- Omnivision Technologies Inc.
- Omron Corporation
- Robert Bosch GmbH
- ZF Friedrichshafen.
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By Component Type
The market is segmented as night vision camera, sensors, controlling unit, and others. Sensors are estimated to account for the major share of the market during the assessment period. The segment’s growth is supported by the capabilities of sensors, such as the detection of different types of signs, higher sensitivity, and emergency braking, which will bolster the advancements in the industry.
Asia-Pacific growing at a CAGR of more than 12.8% & is estimated to dominate the market during the assessment period on account of the presence of a large number of production facilities, especially in China, along with the growing demand for luxury cars, fueling the growth of the regional market.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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