Automotive Night Vision Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0193480
  • Format: Electronic (PDF)
  • Number of Pages: 185
  • Author(s): Joshi, Madhavi

Report Overview

The Automotive Night Vision Market size was estimated at USD 1.8 billion in 2023 and is projected to reach USD 3.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.30% during the forecast period (2024-2030).

Automotive Night Vision Market

(Market Size)
$1.8 billion
$3.8 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.30%
2023 Market Size USD 1.8 billion
2030 Market Size USD 3.8 billion
Key Players Autoliv, Bosch, Continental, Denso, FLIR Systems

Market Summary

The automotive night vision market is a specialized segment within the consumer goods industry focused on advanced driver assistance systems that enhance visibility in low-light or adverse weather conditions. These systems utilize thermal imaging or near-infrared technologies to detect pedestrians, animals, and obstacles beyond the reach of standard headlights, significantly improving nighttime driving safety. The market is characterized by continuous technological innovation, with leading automotive manufacturers and suppliers integrating these systems into premium and mid-range vehicles. Growth is propelled by increasing consumer awareness regarding vehicle safety and the rising demand for luxury vehicles equipped with advanced features. Regulatory bodies in various regions are also emphasizing the incorporation of safety technologies, further supporting market expansion. The competitive landscape includes both established automotive suppliers and technology firms developing cutting-edge sensors and display solutions. The integration of artificial intelligence and machine learning for object recognition and alert systems represents the next frontier in this market, promising more reliable and intuitive night vision capabilities. As automotive trends shift towards electrification and autonomous driving, night vision systems are expected to become a more common and critical component, aligning with broader industry goals of reducing accidents and enhancing passenger safety.

Key Highlights

The automotive night vision market is distinguished by several key technological and strategic developments. A primary highlight is the evolution from passive systems, which rely on thermal heat signatures, to active systems that use infrared light illumination, offering different advantages in detection range and clarity. Major industry players, including Autoliv, Continental AG, and Bosch, are at the forefront, investing heavily in research and development to enhance system accuracy and reduce costs. Another significant trend is the seamless integration of night vision outputs with other in-vehicle systems, such as head-up displays (HUDs) and autonomous driving algorithms, creating a more cohesive safety environment for the driver. The market is also witnessing a gradual trickle-down of this technology from luxury vehicle segments into more affordable models, broadening its consumer base. Furthermore, partnerships between automotive OEMs and specialized technology firms are accelerating innovation, particularly in the realms of sensor miniaturization and image processing software. These collaborations are crucial for overcoming technical challenges related to false alarms and environmental interference, ensuring the systems are both effective and reliable for everyday use.

Drivers, Opportunities & Restraints

The growth of the automotive night vision market is primarily driven by the global increase in demand for advanced safety features in vehicles. Heightened consumer awareness regarding road safety, particularly for nighttime driving where accident risks are elevated, is a powerful driver. Stringent government regulations and safety ratings, such as those from the European New Car Assessment Programme (Euro NCAP) and the National Highway Traffic Safety Administration (NHTSA) in the United States, which incentivize the adoption of advanced driver-assistance systems (ADAS), further propel market demand. A significant opportunity lies in the integration of night vision with emerging autonomous vehicle platforms, where superior environmental perception is non-negotiable. The expansion of the luxury vehicle segment in developing economies also presents a substantial growth avenue. However, the market faces notable restraints, including the high cost of these systems, which limits their adoption to premium vehicle segments. Technical challenges such as system performance in rain, fog, or snow, and the potential for driver over-reliance on the technology, also pose hurdles. Overcoming these cost and performance barriers through technological innovation and economies of scale is critical for wider market penetration.

Concentration Insights

The competitive concentration in the automotive night vision market is moderately high, dominated by a mix of established Tier-1 automotive suppliers and specialized technology companies. Key players such as Autoliv Inc., Continental AG, Robert Bosch GmbH, and Denso Corporation hold significant market shares due to their extensive relationships with global automotive OEMs and robust research and development capabilities. These companies benefit from vertically integrated operations, allowing them to produce critical components like sensors, control units, and display systems in-house. The market also features several specialized firms, like FLIR Systems, that provide core thermal imaging technology to the automotive industry. Geographically, innovation and production are concentrated in regions with strong automotive manufacturing bases, namely Europe, North America, and East Asia. This concentration creates high barriers to entry for new players, as success requires not only advanced technological expertise but also the ability to meet stringent automotive quality and safety standards. The competitive dynamics are characterized by strategic partnerships, mergers, and acquisitions, as companies seek to consolidate their technological portfolios and expand their global reach.

Type Insights

The automotive night vision market is segmented based on technology into active and passive systems. Active night vision systems function by projecting near-infrared light onto the road scene. A camera then captures the reflected light to create a detailed image for the driver. These systems typically offer longer range and clearer images of inanimate objects but can be affected by the infrared projectors of oncoming vehicles. Prominent examples include BMW's Night Vision with pedestrian detection. Conversely, passive night vision systems utilize far-infrared technology to detect the thermal radiation or heat signatures emitted by objects, such as people and animals. These systems are not affected by the lights of other cars and are particularly effective at highlighting living beings against cooler backgrounds. Mercedes-Benz often employs this type of system in its vehicles. The choice between active and passive technology involves trade-offs between cost, detection capabilities, and performance under specific driving conditions, with ongoing advancements aimed at combining the strengths of both approaches for optimal performance.

Application Insights

In terms of application, the automotive night vision market is bifurcated into original equipment manufacturer (OEM) and aftermarket segments. The OEM segment is the dominant and fastest-growing application channel. This is because integrating night vision systems during the vehicle manufacturing process allows for seamless design, calibration, and integration with other vehicle electronics and safety systems, such as automatic emergency braking and adaptive headlights. Luxury automakers like Audi, BMW, and Mercedes-Benz are leading the way in offering these systems as optional or standard equipment in their high-end models. The aftermarket segment, while smaller, caters to vehicle owners seeking to retrofit their cars with night vision capabilities. This channel faces challenges related to system compatibility, installation complexity, and achieving the same level of integration and performance as factory-fitted systems. However, it provides an avenue for technology adoption in vehicles that were not originally equipped with such features, appealing to a niche consumer base focused on upgrading their vehicle's safety profile.

Regional Insights

The adoption and development of automotive night vision systems vary significantly across different global regions, influenced by consumer preferences, regulatory environments, and the strength of the automotive industry. Europe stands as a leading market, driven by the presence of premium automobile manufacturers like BMW, Mercedes-Benz, and Audi, who are early adopters of this technology. Strict safety regulations from bodies like Euro NCAP also encourage the fitment of advanced ADAS. North America represents another major market, with high consumer spending on luxury vehicles and a strong focus on vehicle safety features. The Asia-Pacific region is anticipated to exhibit rapid growth, fueled by the expanding production and sales of luxury vehicles in China and the increasing technological sophistication of Japanese and South Korean automakers. While the technology is currently concentrated in developed markets, rising disposable incomes and growing safety awareness in emerging economies are expected to create new growth opportunities in the future, making regional strategies crucial for market players.

Company Insights

The competitive landscape of the automotive night vision market features a roster of prominent companies renowned for their technological expertise and strong industry partnerships. Autoliv Inc., a Swedish-American company, is a global leader in automotive safety systems, offering night vision as part of its comprehensive ADAS portfolio. German powerhouse Continental AG provides advanced sensor solutions and integration expertise, supplying systems to numerous OEMs. Robert Bosch GmbH is another key player, leveraging its deep knowledge in automotive electronics and software to develop sophisticated night vision and object recognition systems. Denso Corporation, a leading Japanese supplier, is also active in this space, focusing on compact and efficient sensor technologies. Outside the traditional automotive supply chain, companies like FLIR Systems, Inc. have made significant impacts by providing the core thermal imaging technology used in passive night vision systems. These companies compete on factors including system accuracy, reliability, cost-effectiveness, and the ability to offer a fully integrated solution that works in harmony with other vehicle safety systems.

Recent Developments

The automotive night vision market is dynamic, with recent developments focused on enhancing technological capabilities and expanding market reach. A prominent trend is the move towards integrating artificial intelligence and deep learning algorithms into night vision systems. This allows for more sophisticated object classification, enabling the system to distinguish between a pedestrian, a cyclist, and an animal with greater accuracy and to provide more contextual warnings to the driver. Another significant development is the push towards sensor fusion, where data from night vision cameras is combined with input from radars, lidars, and other sensors to create a more robust and comprehensive understanding of the vehicle's surroundings, which is essential for higher levels of autonomous driving. Furthermore, manufacturers are working on improving the human-machine interface, presenting night vision information on high-resolution head-up displays or digital instrument clusters in a way that is intuitive and minimizes driver distraction. These advancements are collectively aimed at making night vision systems more effective, reliable, and ultimately, a more common feature in vehicles of the future.

Report Segmentation

This market research report on the automotive night vision system market provides a detailed and structured analysis segmented to offer comprehensive insights. The report is segmented by technology into active and passive night vision systems, detailing the principles, advantages, and adoption rates of each type. It is further segmented by display type, covering instrument cluster displays, head-up displays (HUD), and others, analyzing the trends in how information is presented to the driver. The application segment differentiates between original equipment manufacturer (OEM) installations and aftermarket sales, providing analysis on growth patterns and market dynamics for each channel. Geographically, the report offers a thorough regional analysis covering North America, Europe, Asia Pacific, and the Rest of the World, highlighting key countries and market trends within each region. This multi-faceted segmentation allows for a granular understanding of the market, enabling stakeholders to identify specific growth areas, understand competitive landscapes, and make informed strategic decisions based on precise and targeted data.

FAQs

How does automotive night vision work? Automotive night vision systems use either thermal imaging (passive) or near-infrared illumination (active) technologies to create a visual representation of the road environment in low-light conditions, detecting objects beyond the range of standard headlights and displaying the enhanced image to the driver.

What are the benefits of night vision in cars? The primary benefits include significantly improved visibility in darkness and adverse weather, early detection of pedestrians, animals, and obstacles, thereby providing the driver with additional reaction time to prevent accidents and enhancing overall driving safety.

Which cars have night vision? Night vision systems are currently available primarily in luxury vehicles from manufacturers such as BMW, Mercedes-Benz, Audi, Genesis, and certain high-end models from Honda, and are often offered as an optional safety feature.

Can night vision be added to a car? Yes, it is possible to add night vision to a car through the aftermarket, although these systems may not integrate as seamlessly with the vehicle's other electronics as a factory-installed OEM system and can be complex to install.

What is the difference between active and passive night vision? Active night vision projects infrared light and captures its reflection, offering clearer images of objects, while passive night vision detects thermal radiation (heat) emitted by objects, making it particularly effective at highlighting living beings.

Is night vision worth it in a car? For drivers who frequently travel on poorly lit roads or in areas with wildlife, night vision can be a valuable safety feature that provides critical early warnings, though its value is subjective and depends on individual driving needs and conditions.

Citius Research has developed a research report titled “Automotive Night Vision Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Automotive Night Vision Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Automotive Night Vision Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Automotive Night Vision Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Automotive Night Vision Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Automotive Night Vision Market
• Research Methodology
• Executive Summary
• Market Dynamics of Automotive Night Vision Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Automotive Night Vision Market
• Cost and Gross Margin Analysis of Automotive Night Vision Market
• Automotive Night Vision Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Automotive Night Vision Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Automotive Night Vision Market Key Stakeholders

Below are the key stakeholders for the Automotive Night Vision Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Automotive Night Vision Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Automotive Night Vision Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Automotive Night Vision Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Automotive Night Vision Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Automotive Night Vision Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Automotive Night Vision Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Automotive Night Vision Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Automotive Night Vision Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Automotive Night Vision Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Automotive Night Vision Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Automotive Night Vision Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Automotive Night Vision Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Automotive Night Vision Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Automotive Night Vision Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Automotive Night Vision Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Automotive Night Vision Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Automotive Night Vision Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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