Global Automotive Vision System Market Share, Growth, Size, Trends, Revenue, Regional Segmentation, Key Competitors & 2021-2027.

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.

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.

Get Sample Copy of this Report @ https://qualiketresearch.com/request-sample/Automotive-Vision-System-Market/request-sample

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,
  • Continental AG

Market Taxonomy

By Product Type

  • Night vision system (NVS)
  • Adaptive cruise control (ACC)
  • Lane keep assist system (LKAS)
  • Blind spot detection (BSD)

By Vehicle Type

  • Passenger Vehicle
    • Compact Cars
    • Mid-Sized
    • SUV
    • Luxury
  • LCV
  • HCV

By Sales Channel

  • OEM
  • Aftermarket

By Region

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

Get Discount on this report @ https://qualiketresearch.com/request-sample/Automotive-Vision-System-Market/ask-for-discount

About Us

QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.