PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464617
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464617
Automotive Night Vision Systems Market size was valued at USD 3425.45 Million in 2023, expanding at a CAGR of 11.5% from 2024 to 2032.
Automotive Night Vision Systems represent cutting-edge safety features engineered to bolster driver visibility during low-light situations, such as night driving or adverse weather conditions. Employing infrared sensors and cameras, these systems adeptly identify objects or pedestrians ahead on the road, presenting their images either on the vehicle's dashboard or heads-up display. By furnishing instantaneous detection of potential dangers beyond the scope of conventional headlights, Automotive Night Vision Systems heighten driver vigilance and mitigate accidents, thereby elevating overall road safety.
Automotive Night Vision Systems Market- Market Dynamics
Increasing adoption of convenient features, night vision technology propel market demand
The automotive sector is swiftly embracing driver-assistance systems and technologies designed to amplify vehicle safety, driver comfort, and autonomous functionalities. Among these advancements, night vision systems, categorized as advanced driver assistance systems, empower vehicles to discern objects and pedestrians amidst low-light scenarios where human visibility might be compromised. As automakers endeavor to furnish vehicles outfitted with state-of-the-art safety and convenience features, night vision technology has emerged as a pivotal asset. Night vision relies on thermal imaging cameras and infrared sensors to detect disparities in temperature among objects in the roadway, including animals, vehicles, and pedestrians, juxtaposed against the ambient temperature of the environment. Subsequently, the system scrutinizes the infrared imagery and presents a video feed on a monitor for the driver's perusal. This augmentation of vision facilitates early detection of potential hazards in situations marked by diminished visibility, such as nocturnal conditions or inclement weather. As autonomous functionalities progress, night vision stands poised to bolster advanced driver assistance features like adaptive cruise control and emergency braking by amplifying object detection capabilities in low-light environments.
Automotive Night Vision Systems Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 11.5% over the forecast period (2024-2032)
Based on Technology segmentation, Far Infrared was predicted to show maximum market share in the year 2023
Based on component segmentation, camera was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Automotive Night Vision Systems Market is segmented on the basis of Technology, Vehicle Type, Component, and Region.
The market is divided into two categories based on Technology: Far Infrared and Near Infrared. The Far Infrared (FIR) segment is projected to command the highest share in the market by 2023, owing to its superior object detection capabilities in comparison to Near Infrared (NIR) technology. FIR cameras possess the ability to detect thermal radiation emitted by all objects above absolute zero, encompassing humans and animals. This enables FIR night vision systems to furnish drivers with a clear view of the road and surrounding areas, even amidst total darkness or dense fog conditions, where visible light is severely restricted.
The market is divided into five categories based on component: Camera, Sensors, Display Units, Control Units and Others. The camera segment is anticipated to contribute significantly to the market share in 2023, primarily due to its pivotal role in image capture and object detection functionality. Night vision systems inherently rely on thermal cameras to capture infrared radiation emitted or reflected by surrounding objects. The integration of sophisticated cameras equipped with high-resolution microbolometer detectors has been instrumental in attracting consumer interest and facilitating the proliferation of night vision across various vehicle classes.
Automotive Night Vision Systems Market- Volume Data Insights
The Automotive Night Vision Systems market is primed for growth driven by the increasing focus on road safety, prompting the integration of advanced driver-assistance systems (ADAS) into vehicles. Night vision systems enhance visibility in low-light conditions, reducing the risk of accidents caused by poor visibility. In addition to this, the growing demand for luxury and premium vehicles equipped with advanced safety features, including night vision systems, contributes to market expansion. Furthermore, rising consumer awareness about the benefits of night vision systems in preventing accidents and enhancing driving experience fosters market demand.
Automotive Night Vision Systems Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
In the competitive arena of Automotive Night Vision Systems, companies deploy diverse strategies to fortify their market stance, with strategic partnerships being a prominent approach. These alliances entail collaborations with technology providers, automotive manufacturers, and research institutions, aimed at harnessing complementary expertise, accessing new markets, and expediting product development. Through such strategic liaisons, companies amalgamate resources, exchange knowledge, and leverage synergies to introduce innovative solutions and sustain a competitive advantage in the swiftly evolving automotive safety technology market.
In December 2021, Mitsubishi Electric Corporation, a renowned Japanese multinational specializing in electronics and electrical equipment manufacturing, disclosed the development of a groundbreaking concept car, the EMIRAI xS Drive. This vehicle is furnished with near-infrared cameras and radio-wave sensors, facilitating monitoring of both the driver and passengers. Additionally, it integrates an Advanced Driver Assistance System (ADAS) for adaptive control of headlights, bolstering efforts to avert traffic accidents.
GLOBAL AUTOMOTIVE NIGHT VISION SYSTEMS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Bosch
Autoliv
Delphi
Visteon
Valeo
Guide Infrared
Omron
Melexis
OmniVision Technologies
Kollsman
HELLA GmbH & Co. KGaA
Autoliv Inc.
DENSO CORPORATION.
Teledyne FLIR LLC
Continental AG
Others