Automotive Vision System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026
- Transparency Market Research
Automotive vision system is an advanced safety vision system that assists the driver by increasing visibility during poor weather. The automotive vision system is a key technology of the advance driver assist system, which integrates high-resolution image sensors with dynamic processing hardware and sophisticated software capable of object detection, recognition, and tracking. Vehicles deployed with automotive vision systems are expected to perceive their surroundings, owing to increasing levels of automation, and then decide on the actions required to maintain the safety and security of all road users. Automotive vision system includes night vision system (NVS), lane keep assist system (LKAS), adaptive cruise control (ACC), lane departure warning (LDW), blind spot detection (BSD), and others. A few modern cars incorporated with such systems include Audi A8, Bentley Bentayga, BMW 7series, Rolls Royce Wraith, Cadillac CT6, Mercedes-Benz S-class, and Audi Q7.
Increase in demand for advance safety systems such as ADAS in vehicles is expected to drive the automotive vision system market during the forecast period. Increase in the production of vehicles and the rise in demand for vehicle safety with improved vision system in order to enhance visibility for the driver are also projected to boost the automotive vision system market during the prognosis period. The automotive vision system substantially reduces visibility issues in the vehicle, increases safety, and reduces collision of vehicles throughout the day and night. Benefits such as high-speed detection of other vehicles, recognition of pedestrians, traffic signs, and lane keep assistance, lane departure warning are also anticipated to drive the automotive vision system market during the forecast period. Increase in emphasis by automakers on enhancement of visibility and development of economical and efficient vehicle safety system is projected to provide lucrative opportunities to the automotive vision system market during the forecast period. The automotive vision system dictates a broad range of image sensors that lie well within the capabilities of commonly available devices. These image sensors are electrical devices that can malfunction and can lead to inaccurate vision. This is anticipated to restrain the automotive vision system market during the forecast period.
The automotive vision system market can be segmented based on system, components, vehicle type, sales channel, and region. Based on system, the automotive vision system market can be segregated into two segments. Among which, the night vision system segment accounts for a major share of the market. This is due to a longer vision range and high contrast for living objects during the night.
In terms of components, the automotive vision system market can be classified into four segments. The image sensor segment held a significant share of the automotive vision system market, as these sensors are utilized to detect the surroundings by converting light waves into signals. The display segment also accounts for a prominent share, as it displays the surrounding by receiving the input from the sensors on the screen.
Based on vehicle type, the automotive vision system market can be classified into three segments. The passenger vehicle segment holds a prominent share of the automotive vision system market. The passenger vehicles segment can be further sub-segmented into hatchback cars, sedans, multi-purpose vehicles, and sports utility vehicles.
In terms of sales channel, the automotive vision system market can be divided into two segments. Among which, the original equipment manufacturers (OEMs) segment accounts for a major share of the market, as a large fleet of vehicles is employed with upgraded automotive vision systems. The OEMs segment is expected to expand at a significant growth rate due to the higher rate of adoption and regular upgradation of technology.
Based on geography, the automotive vision system market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among regions, North America and Europe account for a major share of the global automotive vision system market owing to the high rate of adoption of active safety systems such as ADAS and expansion of the automotive sector in these regions. This has led to an increase in production of vehicles deployed with automotive vision systems. The automotive vision system market in these regions is anticipated to expand at a rapid pace during the forecast period due to the availability of advanced technologies and the presence of major OEMs in the region.
Key players operating in the global automotive vision system market include Continental AG, Robert Bosch GmbH, NXP Semiconductors, Delphi Technologies, ZF Friedrichshafen AG, Autoliv Inc., Stemmer Imaging Ltd., SMR Deutschland GmbH, and Omron Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.