The Automotive Night Vision System by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Night Vision System, The automotive night vision system market size has grown rapidly in recent years. It will grow from $3.45 billion in 2023 to $3.9 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to safety regulations and standards, consumer awareness and demand for safety, rising incidence of nighttime accidents, luxury vehicle segment demand, increased traffic and urbanization.
The automotive night vision system market size is expected to see rapid growth in the next few years. It will grow to $6.19 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to global urbanization trends, growing military technology transfer, growing concerns about pedestrian safety, expansion into non-luxury vehicle segments, integration with advanced driver assistance systems (adas). Major trends in the forecast period include integration with autonomous vehicles, advancements in image processing algorithms, compact and cost-effective solutions, regulatory support for advanced safety systems, consumer demand for enhanced safety features.
The rising demand for advanced in-vehicle safety is expected to boost the automotive night vision system market going forward. Advanced In-Vehicle Safety refers to the advanced technologies and systems designed to enhance the safety of passengers and drivers in vehicles. The demand is rising due to increasing safety concerns, regulatory requirements, and consumer demand. Consumers are becoming more aware of the benefits of advanced safety features such as the automotive night vision system (ANVS). For instance, in June 2021, according to Traffic safety facts reports published by National Highway Traffic Safety Administration (NHTSA) showed an increase in night-time accidents by 11%, from 18,586 in 2019 to 20,684 in 2020. Therefore, the rising demand for advanced in-vehicle safety is driving the growth of automotive night vision systems for the market.
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The automotive night vision system market covered in this report is segmented –
1) By Component Type: Night Vision Camera, Sensor, Display Unit, Controlling Unit, Other Components
2) By Technology: Far Infrared (FIR), Near-Infrared (NIR)
3) By Display Type: Instrument Cluster, Navigation System, Heads-Up Display (HUD)
4) By Application: Original Equipment Manufacturers (OEMs), Aftermarket
Top Major Players:
- Continental AG, Delphi Technologies PLC
- Denso Corporation
- Teledyne FLIR LLC
- Ford Motor Company
- Magna International Inc.
Asia-Pacific was the largest region in the automotive night vision system market in 2023.
Technological advancements are a key trend gaining popularity in the automotive night vision system market. Major companies operating automotive night vision systems are focused on developing new technologies to reinforce their position in the market. For instance, in November 2022, Kyocera Corporation, a Japan-based electronics company, developed and launched an automotive night vision system with white and near-infrared light diodes integrated into a single GaN laser device that can accurately identify collision-risk objects in low-visibility driving conditions, such as at night or in the rain, snow, fog, or smoke. It is the first headlight to emit both white (RGB) and near-infrared (NIR) light on the same optical axis, allowing for greater object recognition precision than other technologies. The system incorporates RGB-NIR sensors in addition to Kyocera’s proprietary “Image-Fusion AI Recognition Technology” for high-performance object identification.
The automotive night vision system market report table of contents includes:
1. Executive Summary
2. The Automotive Night Vision System Market Characteristics
3. The Automotive Night Vision System Market Trends And Strategies
4. The Automotive Night Vision System Market – Macro Economic Scenario
5. Automotive Night Vision System Market Size and Growth
…….
26. Global Automotive Night Vision System Market Competitive Benchmarking
27. Global Automotive Night Vision System Market Competitive Dashboard
28. Key Mergers and Acquisitions In Automotive Night Vision System Market
29. Automotive Night Vision System Market Future Outlook and Potential Analysis
30. Appendix
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