Night Vision System Market Share

  • Report ID: 4453
  • Published Date: Sep 12, 2024
  • Report Format: PDF, PPT

Night Vision System Market Share

Regionally, the night vision system (NVS) market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these regions, the market in Asia Pacific industry is poised to hold 37% revenue share by 2036, backed by launch of new products with new technology by key players following by merges, acquisition, partnership, and collaboration.is estimated to boost the market growth in this region. Hanwha Systems Co., a major South Korean defence contractor, has partnered with vehicle-related sensor producer Truwin Co. to develop car sensors and semiconductors to assist autonomous driving technologies.

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Author Credits:  Abhishek Verma


  • Report ID: 4453
  • Published Date: Sep 12, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are rise in adoption of luxury vehicle, growing awareness regarding road safety, increase in R&D for development of new product, and others.

The market is anticipated to attain a CAGR of 14.17% over the forecast period, i.e., 2022 – 2031.

High cost of night vision system, not suitable in too much darkness, and the road needs to clear from fog or obstacles are some of the major factors expected to hinder the growth of the market.

The market in Asia Pacific is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.

The major players in the market are Veoneer HoldCo, LLC., Aptiv, Continental AG, Robert Bosch GmbH, Valeo, Magna International Inc., and more.
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