Global Automotive Night Vision System Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope

Automotive Night Vision System (ANVS) is a device to improve a vehicle’s visibility and safety in low-light or night-time driving conditions using a thermographic camera, sensor system when vision is obstructed by darkness, smoke, or fog. These systems include collision avoidance and audio or visual alert systems. The system can identify pedestrians, animals, and other perils the driver might have overlooked.

Sizing and Forecast

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..

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Segmentation & Regional Insights

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

Asia-Pacific was the largest region in the automotive night vision system market in 2023. The regions covered in the automotive night vision system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

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.

Key Industry Players

Major companies operating in the automotive night vision system market are focused on developing and introducing technologically advanced products using thermal sensing systems to gain a competitive advantage in the market. A thermal sensing system in an automotive night vision system utilizes infrared technology to detect and visualize heat signatures, enhancing driver visibility in low-light conditions by identifying objects, pedestrians, and potential hazards based on their thermal emissions. For example, in February 2021, Veoneer, a Sweden-based provider of automotive technology, introduced an Advanced Driver-Assistance System (ADAS) technology that uses a thermal sensing system made possible by an infrared camera that detects differences in temperature to create a detailed picture of the vehicle’s path. The camera is paired with an Engine Control Unit (ECU) that analyzes the information collected by the camera and reacts within 150 milliseconds, alerting the driver and displaying an image within the vehicle on an OLED dashboard screen.

The automotive night vision system market report table of contents includes:

1. Executive Summary

2. Automotive Night Vision System Market Characteristics

3. Automotive Night Vision System Market Trends And Strategies

4. Automotive Night Vision System Market – Macro Economic Scenario

5. Global Automotive Night Vision System Market Size and Growth
…
31. Global Automotive Night Vision System Market Competitive Benchmarking

32. Global Automotive Night Vision System Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Automotive Night Vision System Market

34. Automotive Night Vision System Market Future Outlook and Potential Analysis

35. Appendix

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