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Automotive Night Vision System Market

  • Category : Automotive And Transportation
  • Pages : 250 Pages
  • Format: PDF
  • Status : Published

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The Worldwide Automotive Night Vision System Market accounted for US$ 3,345 Mn in 2021 and is expected to hit US$ 8,370Mn by 2030, with a significant CAGR of 11.1% from 2022 to 2030.

An automotive night vision system is a technology that allows drivers to see clearly during the night or in poor weather. This system used infrared image sensors to detect and generate images of objects that are unclear to view in the absence of enough visible light. A special camera is used to capture small amounts of reflected light and amplify it to generate a display on a cluster. To sense and detect things, the automobile night vision system uses NVDs such as infrared cameras, Radar, Lidar, and GPS, among other technologies. Traditional headlights only highlight items that are roughly 180 feet away; however, night vision systems can identify objects that are more than 500 feet away. Because a car's stopping distance can easily exceed 180 feet, it's evident that using a night vision system properly can assist an aware driver in avoiding collisions. Night vision systems in automobiles have been present since 1988, but they are still exclusively seen in luxury vehicles. Typically, the technology is optional and can be rather costly.

Market Growth Drivers:

  • Increasing number of car accidents during night
  • Growing government regulations about road safety
  • Increased sales of luxury cars

Market Restraints

  • High cost of night vision systems
  • Technological challenges

Market Opportunities:

  •   Emergence of autonomous driving technolog   
  •   Growing technological advancements in thermal imaging technologies

Report Coverage

Market Automotive Night Vision System Market
Market Size 2021 US$ 3,345 M
Market Forecast 2030 US$ 8,370 Mn
CAGR 11.1% During 2021 - 2028
Analysis Period 2018 - 2030
Base Year 2021
Forecast Data 2021 - 2028
Segments Covered By Product, By Component, By Display  And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled

Autoliv, Magna Electronics Bendix Commercial Vehicles Systems, Continental, Delphi Automotive PLC, FLIR Systems, TRW Automotive, Omron Corporation, Satire, Robert Bosch,andShenzhen Protruly Electronics Co. Ltd.

Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope

10 hrs of free customization and expert consultation

Covid-19 Impact on the Global Automotive Night Vision System Industry

Factory closures, supply chain disruptions, and a drop in demand have all impacted the automotive industry hard. The influence has spread around the world thanks to just-in-time production procedures. The auto industry has shown incredible resiliency in recent months. It has recovered from the economic lows of spring 2020, delivering year-over-year gains in new-vehicle sales in China, Europe, and the United States in recent months. The global Covid-19 pandemic has affected people's transportation habits all across the world in just a few months. In April 2020, for example, mobility for recreational and retailing purposes fell by 35%, and trips to businesses fell by 37% in the United States. In Germany, the decline in mobility behavior was even more pronounced for recreational and retailing purposes (51%) than for occupational mobility (38%). Despite promising news on vaccine progress, significant dangers remain, and thus the sales in Europe and the United States will not recover to pre-COVID levels until at least next year.

Market Dynamics

Growth in the number of accidents during the nighttime is the primary factor propelling the growth of the global automotive night vision system market. According to Public Revenue Bureau Organization, road traffic accidents are the top cause of injury death and the tenth leading cause of all deaths worldwide. Every year, an estimated 1.2 million people are killed and up to 50 million are wounded in traffic accidents. In addition, according to the WHO, despite improvements in road and law enforcement, the rate of accidents grew by 0.3 percent between 2000 and 2012. Road accidents are the 9th greatest cause of death in the world, with 17.7 deaths per 100,000 people. Pedestrians, cyclists, and motorcyclists, as well as their passengers, account for more than half of all road traffic deaths and injuries.

Other factors fueling the demand for the automotive night vision industry are growing government regulations about road safety and the increased sales of the luxury car. For instance, according to the Indian Brand Equity Foundation, in 2021 the luxury car market registered sales of more than 8,500 units. However, the high cost of the technology and lack of technical standardization in this technology is creating a roadblock to the growth of the market. Furthermore, the emergence of autonomous driving technology and growing technological improvements in thermal imaging technologies among automobiles are some of the factors that are likely to create numerous growth opportunities for the market in the coming years.

Market Segmentation

The global automotive night vision system industry is segmented based onproduct, component, display, and geography.

Market by Product

·         Active Systems

·         Passive Systems

The active systems use infrared light sources to illuminate objects a significant distance ahead, whereas the passive systems use technologies to detect thermal radiation released by humans, animals, and other items on the road.The range of passive night vision is extended up to 1,000 feet, although the images are not as clear. The passive segment held a significant amount of share in the product segment.Most automobiles with night vision come with passive sensors, which are more efficient at monitoring heat without the need for additional illumination. The disadvantage of passive vision is that it is unreliable in hot weather (over 98 degrees). Thermographic cameras are used to detect thermal radiation in these systems.

Market by Component

  • Night Vision Camera
  • Controlling Unit
  • Sensors
  • Others

In 2021, the night vision camera segment held a significant amount of share in the component segment. Night vision driving cameras can sense thermal heat signatures thousands of feet beyond the range of a car's standard headlights, boosting the driver's reaction time and allowing them to notice things they wouldn't be able to see otherwise. Liability protection is another significant advantage of employing night vision dash cams. It might be difficult to determine exactly what happened and who was responsible for an accident, especially at night. It provides solid protection in the event of an accident, thanks to a night vision system that records everything.

Market by Display

  • Instrument Cluster
  • Head-Up Display
  • Navigation Display

Among displays, the segment of the instrument cluster is likely to attain a substantial market share in the projected years. An instrument cluster is a control panel located in the center console of a car or small plane. It displays instrumentation and controls for the vehicle's operation and is usually located directly ahead of the driver (or pilot). On the other hand, the head-up display segment is expected to gain a significant push in the coming years. Head-up displays (HUDs) show vehicle data symbols on a transparent combiner glass while allowing drivers to see out the window.

Automotive Night Vision System Market Regional Overview

 

North America

·         U.S.

·         Canada

Europe

·         U.K.

·         Germany

·         France

·         Spain

·         Rest of Europe

Latin America

·         Mexico

·         Brazil

·         Rest of Latin America

Asia-Pacific

·         Japan

·         China

·         Australia

·         India

·         South Korea

·         Rest of Asia-Pacific

Middle East & Africa

·         South Africa

·         GCC

·         Rest of Middle East & Africa

The increasing demand for luxury vehicles in Asia-Pacific boosts the regional market growth

Based on the regional segmentation, the Asia-Pacific region is anticipated to lead the market with respect to growth rate during the predicted years from 2022 to 2030. The high growth in the region is credited to the rising sales of luxury as well as electric vehicles in countries such as China, India, Japan, and South Korea. According to the International Energy Agency (IEA), the new energy vehicle mandate in China has been tightened, with new credit targets set for 2021-2023 and a more stringent credit calculation procedure for credits after 2021. Meanwhile, the current market is dominated by the North American region due to the early adoption of technologies, strict road safety regulations, and an increasing trend of autonomous vehicles.

Competitive Landscape

Some of the top vendors offered in the professional report include Autoliv, Magna Electronics Bendix Commercial Vehicles Systems, Continental, Delphi Automotive PLC, FLIR Systems, TRW Automotive, Omron Corporation, Satire, Robert Bosch,andShenzhen Protruly Electronics Co. Ltd.