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Automotive Night Vision System Market Size
- Report ID: GMI2335
- Published Date: Mar 2022
- Report Format: PDF
Automotive Night Vision System Market Size
Automotive Night Vision System Market size exceeded USD 3 billion in 2021 and is projected to grow at over 11% CAGR between 2022 and 2028. The increasing adoption of advanced safety systems in autonomous vehicles to safely operate the car and reduce road accidents is an important factor propelling the industry statistics.
The COVID-19 pandemic has had a severe impact on the industry including the closure of multiple production facilities, supply chain problems, and international trade restrictions. Consumer demand has declined, prompting numerous manufacturers to lower their new car manufacturing capacity and restricting the market potential for automobile night vision system vendors. However, several automotive OEMs aimed to restructure their production facilities and expand their expenditures in automotive electronics, safety systems, EVs & autonomous technologies by mid-2021 to acquire a significant competitive edge in the market.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Automotive Night Vision System Market Size in 2021: | 3 billion (USD) |
| Forecast Period: | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR: | 11% |
| 2028 Value Projection: | 6 billion (USD) |
| Historical Data for: | 2018 to 2021 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 298 |
| Segments covered: | Product, Display, Component |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Automotive Night Vision System Market Scope
