PUBLISHER: KBV Research | PRODUCT CODE: 1511407
PUBLISHER: KBV Research | PRODUCT CODE: 1511407
The Global Automotive Night Vision System Market size is expected to reach $8.8 billion by 2031, rising at a market growth of 10.9% CAGR during the forecast period.
Many urban areas in Asia-Pacific experience heavy traffic congestion, especially during nighttime hours. Automotive night vision systems enhance driver visibility in low-light conditions, improving safety and reducing accidents. Thus, the Asia Pacific region acquired 41.6% revenue share in the market 2023. Also, rapid infrastructure development in Asia-Pacific has led to increased road networks, including highways and urban roads. Night vision systems help drivers navigate these complex environments more effectively, especially in poorly lit or rural areas.
Due to the fact that road safety has become a major priority for both customers and regulatory agencies, there has been a surge in the need for advanced safety systems, such as automobile night vision systems (ANVS), throughout the course of the many years that have passed.
Additionally, one of the most notable advancements is in sensor technology, particularly the development of high-resolution microbolometer detectors. This type of detector is a thermal sensor that converts infrared radiation emitted by objects into an electronic signal. Thus, these advancements will aid in the expansion of the market.
However, the key components of night vision systems-such as advanced sensors, thermal imaging cameras, and sophisticated processing units-are expensive to produce. These components are critical for the system's ability to detect and process infrared radiation, providing drivers with clear visibility in low-light conditions. Thus, as these technologies evolve and become more accessible, they will further impact the demand for night vision systems in the automotive industry.
Technology Outlook
Based on technology, the market is bifurcated into far infrared (FIR) and near-infrared (NIR). The near-infrared (NIR) segment procured 41.3% revenue share in the market in 2023. NIR technology emits near-infrared light and captures the reflected light from objects to create an image.
Component Outlook
On the basis of component, the market is classified into thermal imaging camera, night vision control unit, and sensor system. The thermal imaging camera segment acquired 42.7% revenue share in the market in 2023. Thermal imaging cameras are essential for night vision systems as they detect infrared radiation emitted by objects and convert it into electronic signals to create detailed thermal images.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment garnered 27.9% revenue share in the market in 2023. The region is home to several premium automotive manufacturers, such as BMW, Mercedes-Benz, and Audi, pioneers in incorporating advanced safety features, including night vision systems, into their vehicles.
List of Key Companies Profiled
Global Automotive Night Vision System Market Report Segmentation
By Technology
By Component
By Geography