Global Virtual Visor Market Overview 

The Global Virtual Visor Market size is estimated to reach $989.2 Million by 2026, growing at a CAGR of 24.1% over the forecast period of 2021-2026. The driver or occupant monitoring camera is connected to the LCD through the virtual visor. The camera follows the drivers' driver's shadow created by the sun. The system uses artificial intelligence to find the driver inside the picture. The sun'ssun's relative location in the vehicle surroundings and those facial landmarks are tracked by AI. By analyzing faces and shadows, the system works backward to determine where light enters the vehicle, regardless of how the vehicle is traveling, resulting in a considerable reduction in accidents and helping to expand the Virtual Visor Market business.

Key Takeaways from Global Virtual Visor Market Report:

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for product type, applications, and by different industry verticals.
• Understand the different market dynamics – key driving factors, challenges, and hidden opportunities.
• Get in-depth insights on your competitor's performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes. 
• Get a quick outlook on the market entropy – M&A'sM&A's, deals, partnerships, product launches of all key players for the past four years. 
• Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.

Based on Product Type, AI is set to account for the largest market share during the forecast period.

The hardware section of the product type segment includes LCD and Camera, while the software part includes AI. Rising sales and manufacturing of autonomous vehicles, cars around the globe, and the growing need for driver safety are the reasons driving the growth of virtual visors Market in the global market. Furthermore, increased sales of automobiles and vehicles with well-equipped smart visors would greatly influence the worldwide market. One of the most important components of a virtual visor is software, which uses Artificial Intelligence and Tracing software to determine where the occupants' occupants' faces, particularly their eyes, nose, and mouth, are about the sun, to determine whether the sun is glaring into the drivers' driver's vision. As a result, the software is the fastest-growing, with a CAGR of 25.9% over the forecast period 2021-2026.

In 2020, Europe dominated the Virtual Visor market with a 35.9% share. Europe is at the forefront of automotive technology solutions, and the continent is home to several well-known technology businesses, including Bosch, the virtual visor market's pioneer.

Because of the quick adoption of cutting-edge automotive technology and the rising demand for electric and autonomous vehicles in the North American market, North America is expected to develop quickly throughout the projection period.

Market Dynamics

Driver: Increased Concern towards Safety drives the market demand

The industry is forecast to be driven by customers' rising awareness of safety features. The smart visor allows the driver to see everything outside, providing a sense of security. Furthermore, because of momentary blindness, solar glare is responsible for as many accidents as any other weather-related condition. According to statistics, the chance of an automobile accident rises by 16 percent when the sun is shining brightly. Therefore, the award for greatest invention in-car entertainment and safety system was given to the ''Virtual Visor Market'' on February 20, 2020. Furthermore, the Virtual Visor not only reduces harmful sun glare, driver discomfort, and accident risk, but it also improves driver sight, comfort, and safety.

Challenges: High Cost drives the market demand

The ever-increasing expense of virtual visors Market is impeding the market's expansion. A hexagonal opaque LCD that operates like a well-placed hand blocking just between the sun and the drivers' driver's vision, rather than an opaque display that limits driver view. Technological advancements and the usage of smart visors in high-end automobiles raise the cost of the product, limiting its market expansion.

Key Market Players

Key Players in the Global Virtual Visor Market consist of Robert Bosch GmBH, Weetect, Visor-AR, Sunvisors India Private limited, Irvine Automotive Products, Kasai Kygo Co Ltd, Kobo Gmbh& Co Kg, and Atlas Holdings, among others.

Developments:

In June 2020, Virtual Visor Technology was developed by Robert Bosch to replace traditional sun visors in automobiles.

Report Coverage and Scope

The report "Global Virtual Visor Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.

By Product Type

• Hardware
• Screens
• Software
• Artificial Intelligence (AI)

By Applications

• Passengers Vehicles
• Commercial Vehicles

Geography

 

• North America
• Europe
• APAC
• RoW

Global Virtual Visor Market Growth, Trend and Forecast 2022-2027

Chapter 1 Virtual Visor Market Overview

1.1 Product Overview and Scope of Virtual Visor

1.2 Virtual Visor Market Segmentation by Product Type

1.2.1 Global Virtual Visor Market Share of Virtual Visor by Product Type

in 2022

1.2.2 Hardware

1.2.3 Screens

1.2.4 Software

1.2.5 Artificial Intelligence (AI)

1.3 Virtual Visor Market Segmentation by Application

1.3.1 Passengers Vehicles

1.3.2 Commercial Vehicles

1.4 Virtual Visor Market Segmentation by Regions

1.4.1 North America

1.4.2 China

1.4.3 Europe

1.4.4 Southeast Asia

1.4.5 Japan

1.4.6 India

1.5.7 Global Market Size (Value) of Virtual Visor (2015-2028)

Chapter 2 Global Economic Impact on Virtual Visor Industry

2.1 Global Macroeconomic Environment Analysis

2.1.1 Global Macroeconomic Analysis

2.1.2 Global Macroeconomic Environment Development Trend

2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Virtual Visor Market Competition by Manufacturers

3.1 Global Virtual Visor Production and Share by Manufacturers (2021 and 2022)

3.2 Global Virtual Visor Revenue and Share by Manufacturers (2021 and 2022)

3.3 Global Virtual Visor Average Price by Manufacturers (2021 and 2022)

3.4 Manufacturers Virtual Visor Manufacturing Base Distribution, Production Area and Product Type

3.5 Virtual Visor Market Competitive Situation and Trends

3.5.1 Virtual Visor Market Concentration Rate

3.5.2 Virtual Visor Market Share of Top 3 and Top 5 Manufacturers

3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Virtual Visor Production, Revenue (Value) by Region (2015-2022)

4.1 Global Virtual Visor Production by Region (2015-2022)

4.2 Global Virtual Visor Production Market Share by Region (2015-2022)

4.3 Global Virtual Visor Revenue (Value) and Market Share by Region (2015-2022)

4.4 Global Virtual Visor Production, Revenue, Price and Gross Margin (2015-2022)

4.5 North America Virtual Visor Production, Revenue, Price and Gross Margin (2015-2022)

4.6 Europe Virtual Visor Production, Revenue, Price and Gross Margin (2015-2022)

4.7 China Virtual Visor Production, Revenue, Price and Gross Margin (2015-2022)

4.8 Japan Virtual Visor Production, Revenue, Price and Gross Margin (2015-2022)

4.9 Southeast Asia Virtual Visor Production, Revenue, Price and Gross Margin (2015-2022)

4.10 India Virtual Visor Production, Revenue, Price and Gross Margin (2015-2022)

Chapter 5 Global Virtual Visor Supply (Production), Consumption, Export, Import by Regions (2015-2022)

5.1 Global Virtual Visor Consumption by Regions (2015-2022)

5.2 North America Virtual Visor Production, Consumption, Export, Import by Regions (2015-2022)

5.3 Europe Virtual Visor Production, Consumption, Export, Import by Regions (2015-2022)

5.4 China Virtual Visor Production, Consumption, Export, Import by Regions (2015-2022)

5.5 Japan Virtual Visor Production, Consumption, Export, Import by Regions (2015-2022)

5.6 Southeast Asia Virtual Visor Production, Consumption, Export, Import by Regions (2015-2022)

5.7 India Virtual Visor Production, Consumption, Export, Import by Regions (2015-2022)

Chapter 6 Global Virtual Visor Production, Revenue (Value), Price Trend by Type

6.1 Global Virtual Visor Production and Market Share by Type (2015-2022)

6.2 Global Virtual Visor Revenue and Market Share by Type (2015-2022)

6.3 Global Virtual Visor Price by Type (2015-2022)

6.4 Global Virtual Visor Production Growth by Type (2015-2022)

Chapter 7 Global Virtual Visor Market Analysis by Application

7.1 Global Virtual Visor Consumption and Market Share by Application (2015-2022)

7.2 Global Virtual Visor Consumption Growth Rate by Application (2015-2022)

7.3 Market Drivers and Opportunities

7.3.1 Potential Applications

7.3.2 Emerging Markets/Countries

Chapter 8 Virtual Visor Manufacturing Cost Analysis

8.1 Virtual Visor Key Raw Materials Analysis

8.1.1 Key Raw Materials

8.1.2 Price Trend of Key Raw Materials

8.1.3 Key Suppliers of Raw Materials

8.1.4 Market Concentration Rate of Raw Materials

8.2 Proportion of Manufacturing Cost Structure

8.2.1 Raw Materials

8.2.2 Labor Cost

8.2.3 Manufacturing Expenses

8.3 Manufacturing Process Analysis of Virtual Visor

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

9.1 Virtual Visor Industrial Chain Analysis

9.2 Upstream Raw Materials Sourcing

9.3 Raw Materials Sources of Virtual Visor Major Manufacturers in 2022

9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

10.1 Marketing Channel

10.1.1 Direct Marketing

10.1.2 Indirect Marketing

10.1.3 Marketing Channel Development Trend

10.2 Market Positioning

10.2.1 Pricing Strategy

10.2.2 Brand Strategy

10.2.3 Target Client

10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis

11.1 Technology Progress/Risk

11.1.1 Substitutes Threat

11.1.2 Technology Progress in Related Industry

11.2 Consumer Needs/Customer Preference Change

11.3 Economic/Political Environmental Change

Chapter 12 Global Virtual Visor Market Forecast (2022-2027)

12.1 Global Virtual Visor Production, Revenue Forecast (2022-2027)

12.2 Global Virtual Visor Production, Consumption Forecast by Regions (2022-2027)

12.3 Global Virtual Visor Production Forecast by Type (2022-2027)

12.4 Global Virtual Visor Consumption Forecast by Application (2022-2027)

12.5 Virtual Visor Price Forecast (2022-2027)

Chapter 13 Appendix