Night Vision System and Driver Monitoring System Market

Night Vision System and Driver Monitoring System Market Size (2022-2027):

The Global Night Vision System and Driver Monitoring System Market is expected to grow at a healthy CAGR of 18% from 2022 to 2027.

Market Overview:

Night vision systems often use an infrared sensor on the grill to search for hot objects on the road. The sensor is a video camera that captures the infrared spectrum just above visible light. The sensor transmits the moving image to a dash display. Driver Monitoring is a new camera-based system for monitoring driver surveillance, which not only recognizes the driver but also verifies her level of vigilance. The reason for the driver monitoring framework is to caution the driver when indications of laziness or interruption are distinguished.

Together, known as dynamic security frameworks, the night vision framework and the driver monitoring framework are utilized in traveller vehicles. The night vision system and driver monitoring systems are mainly installed in luxury and high-end cars that play an important role in preventing traffic accidents. The night vision system provides the vehicle driver with better vision while driving at night or in dark weather conditions. It also allows the driver to see the road that is beyond the range of the vehicle's headlight. Meanwhile, the driver monitoring system uses infrared sensors to monitor driver attention. The driver monitoring system includes a loaded coupled device (CCD) camera mounted on the steering column that tracks drivers' eyes with infrared LED sensors. The system gives flashing lights and warning sounds alerting the driver in case he loses attention on the road and if there is any chance for a mishap. The system applies automatic brakes to the vehicle if the driver does not do the same in accidental situations.

The main factors driving the demand for automotive night vision systems and driver monitoring systems are increased safety awareness, an increase in sales of high-end cars, and the growth of the global automotive industry. Automotive security systems have played an important role in achieving these targets, and these systems have made vehicles safer for occupants. The recent increase in the attitude of governments and consumers towards the safety features of vehicles is one of the main drivers of the market for automotive systems.

Market Drivers:

Developed countries have comparatively larger numbers of premium and luxury passenger cars compared to developing countries, thanks to which they have a significant market for night vision and driver monitoring systems. Nonetheless, with the expanding interest in extravagant vehicles in non-industrial nations, the interest in night vision frameworks and driver monitoring frameworks is expanding. The night vision system had a larger market share compared to the driver's control system.

With the increase of vehicles on the roads, the demand for safety has increased among consumers and the government. Passenger cars experience the majority of traffic accidents every year due to driver inattention or poor lighting conditions on the road. To combat this problem, passenger car manufacturers have equipped new high-end vehicles with a night vision system and a driver monitoring system.

Market Restraints:

The high price is a major limitation for the market for night vision systems and driver control systems; however, the increase in world per capita income reduces its impact.

NIGHT VISION SYSTEM AND DRIVER MONITORING SYSTEM MARKET REPORT COVERAGE:

Market Segmentation:

Night Vision System and Driver Monitoring System Market - By Type:

• Night Vision System
• Driver Monitoring System

Night Vision System and Driver Monitoring System Market - By Application:

• Passenger Vehicle
• Commercial Vehicle

Commercial vehicles are likely to account for a significant portion of the global night vision system and driver monitoring system market in the coming years.

Market Regional Analysis: 

The Global Night Vision System and Driver Monitoring System Market Report includes the segmentation of regions:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America and Europe have an entrenched market for night vision systems and driver monitoring systems because of the high infiltration pace of premium vehicles. Germany, the UK and the US are supposed to be the biggest markets for vehicle night vision and driver monitoring systems. The Asia-Pacific market is foreseen to encounter solid development because of the expansion in disposable income in this area. In Asia-Pacific and the rest of the world, the car night vision framework and the driver monitoring system are growing at a critical development rate, because of the surge in their buying power, excluding expectation of living and GDP development. Other regions like Latin America the Middle East and Africa are also anticipated to witness moderate growth in this market in the following years.

Market Key Players:

1. Aisin Seiki Co., Ltd.
2. Valeo S.A.
3. Omron Corporation
4. Magna International Inc.
5. Denso Corporation
6. TRW Automotive
7. Delphi Automotive PLC
8. Robert Bosch GmbH
9. Continental AG
10. Autoliv, Inc.
11. Visteon Corporation.

Impact of COVID-19 on the Night Vision System and Driver Monitoring System Market:

The latest night vision devices market report assesses the impact of the coronavirus outbreak on the industry, implying potential opportunities and challenges, factors and risks, as well as a forecast of market growth based on different scenarios. Major automobile companies like Bosch and Continental AG have suspended their operations because of the strict lockdown conditions, supply chain disruptions and to ensure the safety of their employees in nations like France, Germany, Italy and Spain during the COVID-19 transmission. As a result, demand for night vision systems and driver monitoring systems solutions is expected to decline in 2020. Manufacturers will likely adjust production to avoid bottlenecks and schedule production based on the needs of end-users.

Market Key Developments:

• Reproduction of the driver's senses through engineering: DENSO's challenge to develop automated driving systems.
• After winning new contracts on multiple vehicle models for a global automaker, it's official: Magna's CLEARVIEW ™ technology will hit the market in 2022.
• Aisin Seiki Co., Ltd. and Finefit Design Company, an integral part of Chunichi Suwa Optoelectronics Co., Ltd. launched a driver monitoring system associated with a driving recorder for commercial operators in March 2019.