USD 3.71 Billion
Global Automotive Night Vision System Market Size, Share, Growth Analysis, By Type(Active Automotive Night Vision System and Passive Automotive Night Vision System.), By Application(Original Equipment Manufacturer and Aftermarket.) - Industry Forecast 2024-2031
Report ID:
SQMIG45E2171 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
59 |
Figures:
75
Global Automotive Night Vision System Market Insights
Global Automotive Night Vision System Market size was valued at USD 3.71 Billion in 2022 and is poised to grow from USD 4.12 Billion in 2023 to USD 9.57 Billion by 2031, at a CAGR of 11.10% during the forecast period (2024-2031).
The increasing focus on improving road safety, particularly during low-light conditions, has driven the demand for advanced driver assistance systems (ADAS), including automotive night vision systems. These systems provide enhanced visibility, enabling drivers to detect and react to potential hazards such as pedestrians, animals, and objects beyond the reach of conventional headlights. One of the key drivers of market growth is the rising awareness about the importance of road safety. Governments and regulatory bodies across the globe are implementing stringent safety norms, compelling automotive manufacturers to integrate advanced safety features in their vehicles. As a result, automotive night vision systems are gaining traction as a crucial component of ADAS, contributing to the overall market growth. Moreover, technological advancements have significantly improved the performance and affordability of automotive night vision systems.
The development of high-resolution cameras, thermal imaging sensors, and sophisticated image processing algorithms has enhanced the detection capabilities and reduced false alarms. These advancements have made night vision systems more accessible to a wider range of vehicle segments, further propelling market growth.
In terms of regional dynamics, developed economies such as North America and Europe have witnessed substantial adoption of automotive night vision systems. The presence of stringent safety regulations, high disposable income, and a well-established automotive industry are the key factors driving market growth in these regions. Additionally, emerging economies in Asia Pacific, including China and India, are witnessing a surge in the demand for luxury vehicles and the adoption of advanced safety technologies, thus presenting significant growth opportunities for the automotive night vision system market.
US Automotive Night Vision System Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Active Automotive Night Vision System
Fastest Growth
Active Automotive Night Vision System
Growth Rate
11.10% CAGR
Global Automotive Night Vision System Market ($ Bn)
Country Share for North America Region (%)
Global Automotive Night Vision System By Type ($ Bn)
Global Automotive Night Vision System Market By Type (%)
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Global Automotive Night Vision System Market Segmental Analysis
The Global Automotive Night Vision System Market is segmented by type, application, and region. Based on type, the market can be segmented intoActive automotive night vision system and Passive automotive night vision system. Based on application, the market is segmented into Original Equipment Manufacturer and Aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Automotive Night Vision System Market Analysis by Type
The most dominant type in the market is the active automotive night vision system. Active systems utilize infrared light emitted by the vehicle to illuminate the road ahead. These systems typically consist of an infrared camera and a display screen, providing real-time visibility of objects, pedestrians, and potential hazards beyond the reach of the vehicle's headlights. Active night vision systems have been widely adopted by automotive manufacturers, particularly in premium and luxury vehicle segments, due to their proven effectiveness in enhancing driver awareness and reducing the risk of accidents.
On the other hand, the fastest-growing type in the global automotive night vision system market is the passive automotive night vision system. Passive systems rely on thermal imaging technology to detect and display heat signatures emitted by objects, pedestrians, or animals. These systems can detect temperature differences, making them useful in identifying potential hazards even in extremely low-light conditions. The growing demand for passive night vision systems can be attributed to advancements in thermal imaging technology, which have improved their performance, affordability, and integration capabilities.
Automotive Night Vision System Market Analysis by Application
The OEM (Original Equipment Manufacturer) segment is considered the most dominant application in the automotive night vision system market. This segment involves the integration of night vision systems during the manufacturing process by vehicle manufacturers. OEMs collaborate with night vision system manufacturers to seamlessly incorporate these systems into new vehicles. The dominance of the OEM segment can be attributed to the increasing adoption of advanced driver assistance systems (ADAS) by automotive manufacturers, driven by stringent safety regulations and the rising demand for safer vehicles. The integration of night vision systems as a standard feature in new vehicles contributes significantly to the overall market size.
On the other hand, the aftermarket segment is the fastest-growing application in the global automotive night vision system market. The aftermarket segment involves the installation of night vision systems in vehicles after they have been purchased from the dealership. Aftermarket night vision systems can be added as an accessory or as part of customization options. The aftermarket segment's rapid growth can be attributed to several factors. Firstly, the increasing awareness among vehicle owners about the benefits of automotive night vision systems for enhanced safety has fueled the demand for aftermarket installations. Secondly, advancements in technology and cost reductions have made night vision systems more affordable and accessible to a broader customer base.
Global Automotive Night Vision System Market By Type, 2023 (%)
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Global Automotive Night Vision System Market Regional Insights
Currently, North America and Europe are considered the most dominant regions in the global automotive night vision system market. These regions have witnessed significant adoption of advanced safety technologies, including night vision systems, in vehicles. Factors such as stringent safety regulations, high disposable income, and a well-established automotive industry contribute to the dominance of these regions. Additionally, the presence of major automotive manufacturers and technological advancements in these regions further solidify their position as key markets for automotive night vision systems.
On the other hand, the Asia Pacific region is experiencing the fastest growth in the global automotive night vision system market. Rapid urbanization, improving infrastructure, and increasing disposable income levels have led to a surge in demand for luxury vehicles and advanced safety features in this region. Countries like China and India are witnessing significant market growth due to the expanding automotive industry and the growing awareness of road safety.
Global Automotive Night Vision System Market By Geography, 2024-2031
- Largest
- Fastest
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Global Automotive Night Vision System Market Dynamics
Automotive Night Vision System Market Drivers
Rising Demand for Luxury and High-End Vehicles
- The increasing popularity of luxury and high-end vehicles, especially in emerging economies, has played a crucial role in driving the demand for automotive night vision systems. As the demand for luxurious automobiles continues to rise, manufacturers in this segment are striving to meet the expectations of discerning customers. To cater to the growing demand and enhance the safety features of their vehicles, luxury vehicle manufacturers are increasingly integrating advanced technologies such as night vision systems. By incorporating these cutting-edge safety features, luxury vehicle manufacturers aim to provide their customers with enhanced visibility and a heightened sense of security during night-time driving.
Automotive Night Vision System Market Restraints
Integration Challenges
- The integration of automotive night vision systems into vehicles can present technical hurdles, especially when retrofitting existing vehicles or seamlessly incorporating them during the manufacturing process. These integration challenges pose complexities and additional costs, which can impede the widespread adoption of night vision systems and limit market growth. The intricate process of integrating these systems seamlessly into vehicles requires careful consideration of design, wiring, compatibility, and overall system integration, adding to the overall complexity and cost. Overcoming these integration challenges and streamlining the incorporation of night vision systems is crucial for the market to expand and thrive.
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Global Automotive Night Vision System Market Competitive Landscape
The global automotive night vision system market is characterized by a highly competitive landscape, with numerous major players vying for market dominance. These companies engage in intense competition, focusing on product innovation, technological advancements, pricing strategies, and partnerships to gain a competitive edge. Leveraging their extensive expertise, research capabilities, and global presence, these industry leaders develop advanced night vision systems and provide comprehensive solutions to automotive manufacturers. Collaborations and partnerships between automotive manufacturers, technology providers, and component suppliers are increasingly common. These alliances aim to combine the strengths of different entities to develop integrated and comprehensive solutions.
Automotive Night Vision System Market Top Player’s Company Profiles
- DENSO Corporation (Japan)
- FLIR Systems, Inc. (US)
- Gentex Corporation (US)
- HELLA GmbH & Co. KGaA (Germany)
- Magna International Inc. (Canada)
- Omron Corporation (Japan)
- Panasonic Corporation (Japan)
- Pinnacle Imaging Systems Inc. (US)
- Robert Bosch GmbH (Germany)
- Schott AG (Germany)
- Texas Instruments Incorporated (US)
- Valeo SA (France)
- Visteon Corporation (US)
- XenomatiX NV (Belgium)
- ZF Friedrichshafen AG (Germany)
- Samsung Electro-Mechanics Co., Ltd. (South Korea)
- Veoneer, Inc. (Sweden)
Automotive Night Vision System Market Recent Developments
- In January, 2022 Opel made an announcement, revealing that their latest SUV model, the Grandland, incorporates the Night Vision system. This innovative feature enhances safety by providing increased visibility during dusk and darkness, effectively turning night into day. The Night Vision system is seamlessly integrated under the Opel Vizor and works in conjunction with the adaptive IntelliLux LED Pixel Light.
- In September, 2021 Hanwha Systems Co., Ltd. (Hanwha Systems) disclosed that it has reached an agreement with Truwin Co., Ltd. (Truwin) to establish a joint company by the end of 2021.
- In August 2021 Audi announced an update for the 2022 Audi e-Tron S Sportback Quattro. The model now includes standard 20-inch wheels equipped with 255-section tires to ensure optimal grip on the road. Optional wheel choices include larger 21- or 22-inch sizes with a 285 cm sectional width.
- In February, 2021 Continental, a prominent automotive technology company, made a significant move in by acquiring a minority stake in Recogni, a German-US start-up. Recogni specializes in the development of advanced chip architecture that leverages artificial intelligence (AI) for real-time object recognition.
- In January, 2021 Teledyne Technologies made a significant acquisition announcement, revealing their plans to acquire FLIR, a prominent company specializing in thermal imaging and night-vision technologies. The acquisition was valued at USD 8 billion and represents a strategic move by Teledyne Technologies to expand its portfolio and capabilities in the field of advanced imaging technologies, including thermal imaging and night vision systems.
Global Automotive Night Vision System Key Market Trends
- Advent of High-end Systems: The automotive night vision system market is poised for significant growth, primarily driven by the continuous evolution of advanced ignition systems and the introduction of high-end models that have revolutionized the automotive industry. The integration of inbuilt automotive night vision systems not only offers convenience but also provides enhanced security against vehicle theft. Moreover, the emergence of remote features and other technological advancements is expected to create extensive growth opportunities for the automotive night vision system market. The increasing trend of vehicle electrification and the development of autonomous driving technologies have further strengthened the overall progress in the automotive sector. This, in turn, is anticipated to generate multiple opportunities for the automotive night vision system market. The advent of connected vehicles and the growing demand for autonomous driving features are expected to contribute significantly to the expansion of the market. These advancements in the automotive industry are transforming the driving experience and are likely to drive the adoption of night vision systems as a crucial component of advanced vehicle safety systems.
Global Automotive Night Vision System Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global automotive night vision system market analysis, the increasing demand for enhanced safety features in vehicles. Automotive night vision systems are designed to improve visibility and detect potential hazards during low-light or nighttime driving conditions. The market encompasses various technologies, including thermal imaging and infrared sensors, which enable drivers to have a clearer view of the road and enhance their situational awareness. The market scope of the global automotive night vision system includes both original equipment manufacturers (OEMs) and aftermarket sales. OEMs are increasingly incorporating night vision systems into their premium and high-end vehicles to provide a competitive edge and attract safety-conscious consumers.
The aftermarket segment also contributes to the market growth, as retrofitting night vision systems in existing vehicles becomes a popular option for consumers looking to enhance their driving safety. From a regional perspective, North America has been a prominent market for automotive night vision systems. The region has witnessed high adoption rates due to stringent safety regulations, a high standard of living, and a greater awareness of advanced driver assistance systems (ADAS). Europe follows closely, driven by the presence of key automotive manufacturers and a strong focus on road safety. Asia Pacific is emerging as a lucrative market, fueled by the rising disposable income, increasing urbanization, and the growing demand for luxury vehicles in countries like China and India.
Looking ahead, the future of the global automotive night vision system market holds promising opportunities. The development of advanced technologies, such as augmented reality and artificial intelligence, is expected to revolutionize night vision systems. These advancements will enable more accurate detection of pedestrians, animals, and other objects on the road, further enhancing driver safety. Additionally, the integration of night vision systems with other ADAS features, such as collision warning systems and adaptive cruise control, will provide a comprehensive safety solution for vehicles.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.71 Billion |
| Market size value in 2031 | USD 9.57 Billion |
| Growth Rate | 11.10% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Automotive Night Vision System Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Automotive Night Vision System Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Automotive Night Vision System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Night Vision System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive Night Vision System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Automotive Night Vision System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Automotive Night Vision System Market Report Snapshots
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