Sep 9, 2021   SOURCE: BusinessWire

Global $12.1 Bn Automotive Vision System Markets to 2027: Night Vision System, Adaptive Cruise Control, Lane Keep Assists System, Blind Spot Detection - ResearchAndMarkets.com

The "Global Automotive Vision System Market to 2027" report has been added to ResearchAndMarkets.com's offering.

The automotive vision system market was valued at USD 12.1 billion in 2019 and is expected to reach at a CAGR 14.6% by 2027.

Automotive vision system market has emerged for improving visibility of drivers in various conditions like darkness and poor weather. Safety of animals and pedestrians has become an essential concern. According to European Commission around 50-52% accidents happen at night.

This system guides the drivers by increase in situational awareness in darkness. Automotive vision system market influenced due to capabilities of automotive vision system. It is expected to improve market share and market size during this forecast period.

Market Drivers

Increase in demand for automotive vision system like ADAS in vehicles is expected to boost the global automotive vision system market growth.

Furthermore, increase in demand for automotive vision system in non-traditional and emerging applications is expected to propel the global automotive vision system market growth.

Moreover, reduction in the vehicle visibility issues and improvement in overall safety ensures reduction in the number of collision in night as well as day time is expected to drive the global automotive vision system market, during this forecast period.

Automakers are accentuated on enhancing visibility during developing and providing economical and highly efficient vehicle systems is expected to drive the global automotive vision system market.

Market Restraints

However, increase in security concerns related to cloud-based image processing and analytics is the restraining factor which expected to hamper the growth of global automotive vision system market. Also, lack of awareness and technical knowledge will affect the global automotive vision system market growth.

Market Key Players

Various key players are discussed in this report such as Magna Electronics, Bendix Commercial Vehicles Systems, Omron Corporation, SMR Deutschland GmbH, Stemmer Imaging Ltd., Autoliv Inc., ZF Friedrichshafen AG, Delphi Technologies, NXP Semiconductors, Robert Bosch GmbH, and Continental AG

Key Topics Covered:

1. Executive Summary

1.1. Market Taxonomy

2. Global Automotive Vision System Market Demand (in Value or Size in US$ Mn) Analysis and Forecast

3. Market Background

3.1. Forecast Factor

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Challenges

3.2.3. Trends

4. Global Automotive Vision System Market Snapshot

5. Global Automotive Vision System Market Analysis, By Product Type

5.1. Y-o-Y Growth Comparison, By Product Type

5.2. Global Automotive Vision System Market Share Analysis, By Product Type

5.3. Global Automotive Vision System Market Size and Forecast, By Product Type

5.3.1 Night Vision System (NVS)

5.3.2 Adaptive Cruise Control (ACC)

5.3.3 Lane Keep assists System (LKAS)

5.3.4 Blind Spot Detection

6. Global Automotive Vision System Market Analysis, By Vehicle Type

6.1. Y-o-Y Growth Comparison, By Vehicle Type

6.2. Global Automotive Vision System Market Share Analysis, By Vehicle Type

6.3. Global Automotive Vision System Market Size and Forecast, By Vehicle Type

6.3.1 Passenger Vehicle

6.3.1.2 Compact Cars

6.3.1.3 Mid-Sized

6.3.1.4 SUV

6.3.1.5 LUXURY

6.3.2 LCV

6.3.3 HCV

7. Global Automotive Vision System Market Analysis, By Sales Channel

7.1. Y-o-Y Growth Comparison, By Sales Channel

7.2. Global Automotive Vision System Market Share Analysis, By Sales Channel

7.3. Global Automotive Vision System Market Size and Forecast, By Sales Channel

7.3.1 OEM

7.3.2 Aftermarket

8. Global Automotive Vision System Market Analysis, By Region

8.1. Y-o-Y Growth Comparison, By Region

8.2. Global Automotive Vision System Market Share Analysis, By Region

Companies Mentioned

  • Magna Electronics
  • Bendix Commercial Vehicles Systems
  • Omron Corporation
  • SMR Deutschland GmbH
  • Stemmer Imaging Ltd.
  • Autoliv Inc.
  • ZF Friedrichshafen AG
  • Delphi Technologies
  • NXP Semiconductors
  • Robert Bosch GmbH
  • Continental AG

For more information about this report visit https://www.researchandmarkets.com/r/vrcmoi