Global Automotive Night Vision Systems Market, By Technology (Far Infrared (FIR), Near Infrared (NIR)), Display (Navigation System, Instrument Cluster, and HUD), Component (Night Vision Camera, Controlling Unit, Display Unit, Sensor, and Other Components), Vehicle Type (Passenger Cars, Commercial Vehicle) – Industry Trends and Forecast to 2029
Market Analysis and Size
One out of 20 accidents in the US generally involves an animal. Approximately 200 human fatalities and 25,000 injuries are recorded annually in deer/vehicle accidents. Automotive night vision systems can reliably detect and alert the driver regarding animals, cyclists and pedestrians beyond the reach of headlamps. The employment of algorithms in these systems can determine whether an infrared hot spot is a living or moving thing near the roadways.
Global Automotive Night Vision Systems Market was valued at USD 3.35 billion in 2021 and is expected to reach USD 7.99 billion by 2029, registering a CAGR of 11.50% during the forecast period of 2022-2029. Passenger Vehicle accounts for the largest vehicle type segment owing to the consumer preference towards economic vehicle options. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Night Vision System as the name suggests enables the driver of the vehicles to look beyond the reach of the vehicle headlights, helping the drivers during night time or during adverse weather conditions. Driver Monitoring System tracks the attentiveness and awareness of the drivers through an infrared detector which tracks the eye movements of the driver.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Forecast Period
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2022 - 2029
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (Far Infrared (FIR), Near Infrared (NIR)), Display (Navigation System, Instrument Cluster, and HUD), Component (Night Vision Camera, Controlling Unit, Display Unit, Sensor, and Other Components), Vehicle Type (Passenger Cars, Commercial Vehicle)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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AISIN SEIKI Co. Ltd. (Japan), Valeo (France), Veoneer Inc. (Sweden), OMRON Corporation (Japan), Magna International Inc. (Canada), DENSO CORPORATION (Japan), ZF Friedrichshafen AG (Germany), Aptiv (Ireland), Robert Bosch GmbH (Germany), Continental AG (Germany), Autoliv Inc. (Sweden), and Visteon Corporation (US), among others
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Market Opportunities
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Automotive Night Vision Systems Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
Automotive Night Vision Systems Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Road Safety
The rise in awareness regarding road safety among consumers acts as one of the major factor driving the growth of automotive night vision systems market. Government of various regions are taking initiatives to decline the number of road accidents. Manufacturers are increasing their investments to meet government standards that further assists in the expansion of the market.
- High End Luxury Cars
The increase in the sales of high end luxury cars is accelerating the growth of the market. The surge in disposable income is escalating demand for high end luxury cars among population throughout the world. Also, increase in demand for passenger vehicles owing to the surge in middle-income group population along with rise in standard of living in emerging countries drives the market.
- Rise in Transportation
The increase in the fleet size of the transportation and logistics companies making monitoring systems necessary for vehicle security and timely delivery further influence the market.
Additionally, surge in investments, increased disposable income and expansion of the automotive sector positively affect the automotive night vision systems market.
Opportunities
Furthermore, introduction of 5G technology into vehicle connectivity extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in new customer segment across diverse industry verticals will further escalate the growth of automotive night vision systems market.
Restraints/Challenges faced by the Automotive Night Vision Systems Market
On the other hand, high cost associated with the installation and failure of GPS and cellular-based trackers are expected to obstruct market growth. Also, lack of awareness among the consumer is projected to challenge the automotive night vision systems market in the forecast period of 2022-2029.
This automotive night vision systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive night vision systems market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
COVID-19 had a Major Impact on Automotive Night Vision Systems Market
COVID-19 had a negative impact on the global automotive night vision systems market due to the commute restrictions. The market faced various challenges, such as regulatory and policy changes, working capital management, supply chain execution and dependency on labor. However, organizations prepared strategic cost-saving plans to manage the impact of the pandemic. The demand for vehicle tracking hardware and managing software has increased to manage and cater to the continuous supply of essentials in the post pandemic scenario.
Market Development
- Daimler launched 2021 Mercedes-Benz S-Class in August’2021 that is known to be Night View Assist Plus. This night vision system makes the use of infrared technology with a unique camera to offer the driver a clear outlook of the road while driving at dark. Night View Assist Plus automatically focuses its headlights on nearby pedestrians along with cold objects.
- Audi announced announced that their 2022 Audi e-tron S Sportback Quattro comes with a Standard 20-inch wheels on a 255-section tire to provide the grip. This series also incorporates night vision assistant with standard kit.
Global Automotive Night Vision Systems Market Scope
The automotive night vision systems market is segmented on the basis of technology, display, component and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Far Infrared (FIR)
- Near Infrared (NIR)
Display
- Navigation System
- Instrument Cluster
- HUD
Component
- Night Vision Camera
- Controlling Unit
- Display Unit
- Sensor
- Other Components
Vehicle Type
- Passenger Cars
- Commercial Vehicle
Automotive Night Vision Systems Market Regional Analysis/Insights
The automotive night vision systems market is analyzed and market size insights and trends are provided by country, technology, display, component and vehicle type as referred above.
The countries covered in the automotive night vision systems market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the automotive night vision systems market because of the rise in the concerns of vehicle emission, security, and safety within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rapid expansion of the e-commerce sector and advancements in networking technologies in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Night Vision Systems Market Share Analysis
The automotive night vision systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive night vision systems market.
Some of the major players operating in the automotive night vision systems market are
- AISIN SEIKI Co. Ltd. (Japan)
- Valeo (France)
- Veoneer Inc. (Sweden)
- OMRON Corporation (Japan)
- Magna International Inc. (Canada)
- DENSO CORPORATION (Japan)
- ZF Friedrichshafen AG (Germany)
- Aptiv (Ireland)
- Robert Bosch GmbH (Germany)
- Continental AG (Germany)
- Autoliv Inc. (Sweden)
- Visteon Corporation (US)
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