- The key vendors in the Global Automotive Night Vision Systems (NVS) Market 2015-2019 are Autoliv Inc., Bendix Commercial Vehicles Systems LLC and Robert Bosch GmbH.
London, 16 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Automotive Night Vision Systems (NVS) Market 2015-2019. Increase in demand from emerging markets is one of the major trends upcoming in the market. Demand for vehicles installed with advanced safety features especially night vision system is increasing because of the strong economic conditions and improving financial status of consumers. The Global Automotive NVS market is expected to grow at a CAGR of 17.22 percent during the forecast period of 2014-2019.
The most important role of the NVS is to help in increasing the driver’s awareness and seeing distance in darkness or bad weather conditions, which is beyond the reach of the vehicle headlights. The automotive NVS helps in alerting the drivers to the presence of potential hazards before they become visible, thus helping in preventing accidents.
“Automotive NVS manufacturers are developing innovative offerings to remain competitive in the market,” says Faisal Ghaus, Vice President of TechNavio Research.
“Therefore, they are investing heavily in R&D to develop new concepts and products that protect both passengers and pedestrians.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
