Virtual Visor Market Demand, Growth, Trend, Business Opportunities, Manufacturers and Research Methodology by 2028
The study offers comprehensive coverage of the qualitative and quantitative analysis of the Virtual Visor market along with crucial statistical data about the Virtual Visor market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2028. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
A virtual visor is a transparent LED/LCD screen, equipped with a driver-monitoring camera. It is a technologically advanced form of the traditional sun visor used in automobiles to protect the driver’s eyes from the blinding sun rays and provide a clearer view of the road ahead. However, the sun visor blocks major portions of the driver’s field-of-view while blocking the sunlight, resulting in road severe car accidents. The transparent LED/LCD screen of the virtual visor effectively blocks the visor areas and prevents the sun rays from blinding the driver’s eyes, offering enhanced visibility and safety.
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Report Objective:
The report offers a complete analysis of the global Virtual Visor market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations.Robert Bosch GmbH, Weetect, Visor-AR, Sunvisors India Private Limited, Irvine Automotive Products, Kasai Kygo Co. Ltd., KÖBO GmbH & Co. KG, and Atlas Holdings.
and others are some of the top companies profiled in the report.
Some Key Highlights in the Report:
- On the basis of product type, the global virtual visor market is mainly segmented into hardware and software. The hardware segment was the most dominant in terms of revenue contribution in 2020. The segment is projected to register the fastest revenue growth rate during the forecast period, owing to factors such as growing need for enhanced road visibility and driver’s safety and rapid integration of virtual visors with advanced LCD and LED displays and high-tech cameras in automobiles.
- Among application segments, the passenger vehicles segment is expected to account for the largest revenue share over the forecast period due to favorable factors. Rise in production and sales of passenger vehicles globally, growing demand for luxury and autonomous cars, increasing focus of manufacturers on integration of high-end safety features, and stringent government regulations for automotive safety are the key factors contributing to this segment’s growth.
- Among regional markets, Europe emerged as the largest market for virtual visor in terms of revenue share contribution in 2020. Major factors supporting revenue growth in the Europe market are increasing manufacture and sales of luxury cars and high-end electric vehicles in the region, high income levels of individuals, stringent government norms related to automotive safety, and presence of technology leaders including Bosch, which introduced the virtual visor in 2020.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
For the purpose of this report, the global virtual visor market is segmented on the basis of product type, application, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Hardware
- Screens (LCD, LED, Camera, Others)
- Software
- AI
Application Outlook (Revenue, USD Billion; 2018-2028)
- Passenger Vehicles
- Commercial Vehicles (Light Commercial Vehicles, Heavy Commercial Vehicles, etc.)
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Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Virtual Visor Market:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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