Night Vision Systems (NVS) And Driver Monitoring Systems (DMS) Market Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Published By: Brisk Insights | Published On: Jan 20, 2022

 

Overview:

 

Night vision and driver monitoring systems are two most promising active safety systems purposed to increase driver perception and safety ratios thereby preventing road accidents. At present, night vision and driver monitoring systems are mainly installed in premium and luxury cars. Thus, market penetration of premium cars gives direct impact on night vision and driver monitoring systems market growth.

 

Increasing demand for luxury cars, especially from Asia Pacific, is one of the most prominent factors influencing market growth. Similarly, gradually rising demand for safety systems also open up huge potential for active safety systems. Technological advancement coupled with affordability are few more factors supporting the night vision and driver monitoring systems market growth.

 

Night vision systems segment holds higher market share as compared to driver monitoring systems owing to its incremental demand from automotive and security sector. Rising implementations of government car safety programs, such as New Car Assessment Program (NCAP) awarding safety ratings to both passenger and commercial vehicles based on their safety performance too provides positive impact on the market growth.

 

The overall night vision and driver monitoring systems market is segmented by application, into commercial vehicles and passenger cars. Rising inclination of consumers towards safety attributes of vehicle makes passenger cars segment to dominate overall market for night vision and driver monitoring systems. Recent rise in the attitude of various national governments towards vehicle’s safety and automation is expected to ensure higher growth rate for commercial vehicles segment during the forecast period from 2018 to 2026.

 

Europe is the global leader in night vision and driver monitoring systems market due to higher emphasis on active vehicle safety systems in the region. Additionally, presence of major active safety systems vendors such as Robert Bosch GmbH and TRW automotive among others forms another prominent factor supporting the market growth. Existence of car safety programs such as NCAP initiated by the U.S. government makes North America 2nd largest regional market. Asia Pacific is also expected to witness market growth in following years due to increasing demand for premium cars in this region.

 

Major drivers of night vision systems and driver monitoring systems market:

 

  • Increasing sales of premium cars  
  • Massive investment in safety systems
  • Rising safety concerns
  • Government car safety programs

 

Major challenges of night vision systems and driver monitoring systems market:

 

  • High price (increasing global per capita income may reduce its impact)
  • Limitation in accuracy

 

The global night vision systems and driver monitoring systems market is segmented on the following basis:

 

  • Application
    • Commercial Vehicles
    • Passenger Cars
  • Geography
    • North America
      • U.S.
      • Rest of North America
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia Pacific
      • Japan
      • China
      • South Asia
      • Rest of Asia Pacific
    • Rest of the World (RoW)
      • Latin America
      • Middle East & Africa (MEA)

 

Key players identified in night vision systems and driver monitoring systems market include but are not limited to:

 

Robert Bosch GmbH, Continental AG, Autoliv Inc., Denso Corporation, Magna International Inc., Delphi Automotive PLC, Wuhan Guide Infrared Co., Ltd., Visteon Corporation, Continental AG, Seeing Machines Ltd. and Omron Corporation among others.

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