The global market for Automotive Night Vision Systems (ANVS) is projected to reach $4.2 billion by 2024, driven by the growing stringency of safety regulations and auto OEMs focus on developing solutions that enable safe navigation in difficult driving situations such as in the dark coupled with innovative technologies such as Near-Infrared (NIR) laser-based vision.
The importance of increasing driver vision at night cannot be undermined, given the fact that compromised and poor road visibility is the prime cause for vehicle accidents across the globe. There therefore exists an immediate need for smart devices and systems to maintain driver visibility. The automotive industry, over the years, has innovated numerous advanced safety features and technologies to aid in improving driver’s visibility. Leading among these technologies is ANVS designed to automatically identify and detect objects in the blind spot and shadows well beyond the reach of a car’s headlights to warn the driver of impending obstacles. ANVS enables drivers to view beyond the boundaries of vehicles headlights and supplement the visual warnings with personal judgment, thus eliminating driving stress and the risk of errors in human judgment. Another key trend spurring growth in the market is the incrementally bigger roles played by automotive safety technologies and/or vehicle safety technologies in pushing up customer satisfaction. Consumers are increasingly willing to pay for vehicle safety, against a backdrop of growing awareness and improved understanding of the value and importance of vehicle safety features. The growing number of accidents worldwide is driving the importance of vehicle safety over and above features such as price, appearance, durability, automatic transmission and route navigation systems. Automakers, in this regard, are investing in emerging vehicle safety technologies and are also promoting them as desirable features in a car.
The research report titled ” Global Automotive Night Vision Systems Market Analysis: 2018-2024″ announced by GMR Analytics, provides a comprehensive review of trends, issues, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil, Mexico and Rest of Latin America).