
Global Automotive Vision System Market Size, Trends and Growth Opportunity By Product Type (Night Vision System (NVS), Adaptive Cruise Control (ACC), Lane Keep Assist System (LKAS), And Blind Spot Detection (BSD)), By Vehicle Type (Passenger Vehicle (Comp
Description
Global Automotive Vision System Market Size, Trends and Growth Opportunity By Product Type (Night Vision System (NVS), Adaptive Cruise Control (ACC), Lane Keep Assist System (LKAS), And Blind Spot Detection (BSD)), By Vehicle Type (Passenger Vehicle (Compact Cars, Mid-Sized, SUV, and Luxury), LCV, And HCV), By Sales Channel(OEM, and Aftermarket), By Region and Forecast Till 2027.
Global Automotive Vision System Market
The global automotive vision system market valued at USD 3345 million in 2021 which is expected to reach at 7380 million around 10.67% CAGR during 2022 to 2027.
The market for automotive vision systems has grown in order to increase drivers' visibility in a variety of situations, such as inclement weather and low light. Animal and pedestrian safety has emerged as a crucial concern. Around 50–52% of accidents, according to the European Commission, take place at night. By improving situational awareness while driving in the dark, this technology directs the driver. Due to the automotive vision system's capabilities, the market for automotive vision systems has been impacted. During the forecast period, market share and size are anticipated to increase.
Market Drivers
The expansion of the global automotive vision system market is anticipated to be aided by the rise in demand for automotive vision systems like ADAS in automobiles. Additionally, the expansion of the global automotive vision system market is anticipated to be fueled by the rise in demand for automotive vision systems in novel and developing applications. Furthermore, during this projection period, the global automotive vision system market is anticipated to be driven by improvements in overall safety and a decrease in collision rates during both day and night. The development and provision of affordable and highly effective vehicle systems by automakers is anticipated to propel the worldwide automotive vision system market.
Market Restraints
The global market for automotive vision systems is anticipated to develop, although there are growing security issues with regard to cloud-based image processing and analytics. Furthermore, a lack of awareness and technical expertise may restrain the expansion of the global market for automotive vision systems.
Market Segmentation
The global automotive vision system market is segmented into product type, vehicle type and sales channel. By product type it segmented into night vision system (NVS), adaptive cruise control (ACC), lane keep assist system (lkas), and blind spot detection (BSD). By vehicle type it segmented into passenger vehicle (compact cars, mid-sized, suv, and luxury), LCV, and HCV. By sales channel it segmented into sales channel such as OEM, and aftermarket.
Regional Analysis
The global aluminium automotive vision systems market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. The Asia-Pacific region is estimated to lead the market in terms of growth rate during the forecasted years from 2022 to 2027, according to geographical segmentation. The rapid expansion in the region is attributed to the increase in luxury and electric vehicle sales in nations like China, India, Japan, and South Korea.
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.
Market Taxonomy
By Product Type
What are the Key Opportunities in Global Automotive Vision System Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
Global Automotive Vision System Market
The global automotive vision system market valued at USD 3345 million in 2021 which is expected to reach at 7380 million around 10.67% CAGR during 2022 to 2027.
The market for automotive vision systems has grown in order to increase drivers' visibility in a variety of situations, such as inclement weather and low light. Animal and pedestrian safety has emerged as a crucial concern. Around 50–52% of accidents, according to the European Commission, take place at night. By improving situational awareness while driving in the dark, this technology directs the driver. Due to the automotive vision system's capabilities, the market for automotive vision systems has been impacted. During the forecast period, market share and size are anticipated to increase.
Market Drivers
The expansion of the global automotive vision system market is anticipated to be aided by the rise in demand for automotive vision systems like ADAS in automobiles. Additionally, the expansion of the global automotive vision system market is anticipated to be fueled by the rise in demand for automotive vision systems in novel and developing applications. Furthermore, during this projection period, the global automotive vision system market is anticipated to be driven by improvements in overall safety and a decrease in collision rates during both day and night. The development and provision of affordable and highly effective vehicle systems by automakers is anticipated to propel the worldwide automotive vision system market.
Market Restraints
The global market for automotive vision systems is anticipated to develop, although there are growing security issues with regard to cloud-based image processing and analytics. Furthermore, a lack of awareness and technical expertise may restrain the expansion of the global market for automotive vision systems.
Market Segmentation
The global automotive vision system market is segmented into product type, vehicle type and sales channel. By product type it segmented into night vision system (NVS), adaptive cruise control (ACC), lane keep assist system (lkas), and blind spot detection (BSD). By vehicle type it segmented into passenger vehicle (compact cars, mid-sized, suv, and luxury), LCV, and HCV. By sales channel it segmented into sales channel such as OEM, and aftermarket.
Regional Analysis
The global aluminium automotive vision systems market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. The Asia-Pacific region is estimated to lead the market in terms of growth rate during the forecasted years from 2022 to 2027, according to geographical segmentation. The rapid expansion in the region is attributed to the increase in luxury and electric vehicle sales in nations like China, India, Japan, and South Korea.
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.
Market Taxonomy
By Product Type
- Night vision system (NVS)
- Adaptive cruise control (ACC)
- Lane keep assist system (LKAS)
- Blind spot detection (BSD)
- Passenger Vehicle
- Compact Cars
- Mid-Sized
- SUV
- Luxury
- LCV
- HCV
- OEM
- Aftermarket
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
What are the Key Opportunities in Global Automotive Vision System Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
Table of Contents
145 Pages
- 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
- 9.North America Automotive Vision System Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America Automotive Vision System Market Analysis, By Product Type
- 9.3 North America Automotive Vision System Market Analysis, By Vehicle Type
- 9.4 North America Automotive Vision System Market Analysis, By Sales Channel
- 9.5 North America Automotive Vision System Market Analysis, By Country
- 9.5.1 USA
- 9.5.2 Canada
- 9.5.3 Mexico
- 10. Europe Automotive Vision System Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe Automotive Vision System Market Analysis, By Product Type
- 10.3 Europe Automotive Vision System Market Analysis, By Vehicle Type
- 10.4 Europe Automotive Vision System Market Analysis, By Sales Channel
- 10.5 Europe Automotive Vision System Market Analysis, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11. Asia Pacific Automotive Vision System Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Automotive Vision System Market Analysis, By Product Type
- 11.3 Asia Pacific Automotive Vision System Market Analysis, By Vehicle Type
- 11.3 Asia Pacific Automotive Vision System Market Analysis, By Sales Channel
- 11.4 Asia Pacific Automotive Vision System Market Analysis, By Country
- 11.4.1China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 Rest of Asia Pacific
- 12. Latin America Automotive Vision System Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America Automotive Vision System Market Analysis, By Product Type
- 12.3 Latin America Automotive Vision System Market Analysis, By Vehicle Type
- 12.4 Latin America Automotive Vision System Market Analysis, By Sales Channel
- 13. Middle East & Africa Automotive Vision System Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle East & Africa Automotive Vision System Market Analysis, By Product Type
- 13.3 Middle East & Africa Automotive Vision System Market Analysis, By Vehicle Type
- 13.4 Middle East & Africa Automotive Vision System Market Analysis, By Sales Channel
- 14. Competition Analysis
- 14.1 Competition Dashboard
- 14.2 Market Share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15. Company Profiles
- 15.1 Magna Electronics
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financial
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Bendix Commercial Vehicles Systems
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financial
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Omron Corporation
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financial
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 SMR Deutschland GmbH
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financial
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Stemmer Imaging Ltd
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financial
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Autoliv Inc.
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financial
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 ZF Friedrichshafen AG
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financial
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Delphi Technologies
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financial
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 NXP Semiconductors
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financial
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Robert Bosch GmbH
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financial
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
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