Automotive Night Vision System Market

The global automotive night vision system market size  valued at USD 3.70 Billion in 2022 and is projected to reach USD 9.46 Billion by 2031, expanding at a CAGR of 11% during the forecast period, 2023-2031.  The growth of the market is attributed to the increasing visibility in automotive night vision system.

Automotive night vision systems play a major role in preventing accidents. Globally, they are currently becoming an important feature in passenger cars. The ability to reach beyond the vehicle’s headlights, an automotive night vision system is used to enhance a driver’s perception in darkness and poor visibility weather conditions.

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The night vision system warns the driver if an animal or a pedestrian is present in the danger zone by projecting a red image in front of the vehicle. The length and width of the danger zone depends on the speed of the vehicle.

Market Trends, Drivers, Restraints and Opportunities

• Rising demand for far-infrared (FIR or IR) technology is expected to boost the automotive night vision system market.

• Increasing visibility at night and better views at bad weather conditions is estimated to drive the market growth.

• Increasing demand for advanced safety system is one of the driving variables for the development of the market.

• Growing demand for luxury vehicles in Asia Pacific is estimated to foster the market growth.

• Increased awareness about road safety in developed nations is expected to boost the automotive night vision system market.

• The developments in thermal imaging is expected to positively influencing the market.

• Technological advancements in automotive sector is likewise a vital driver in the expansion of utilization of automotive night vision system market.

• High cost of automotive night vision system can restrain the growth of the market.

• Growing number of products lunches and new collaborations is estimated to foster the market growth.

Scope of the Report

The report on the global automotive night vision system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Automotive Night Vision System Market Segment Insights

Far infrared (FIR) segment is expected to grow at a rapid pace

Based on technology types, the market is divided into far infrared (FIR) and near infrared (NIR). The far infrared (FIR) segment is expected to grow at a rapid pace during the forecast period. FIR detects radiations illuminations emitted by objects beyond the focal range. Under low-light conditions, the perception of the driver is expected to improve with infrared Images from cameras.

HUD segment is projected to expand at a considerable CAGR

On the basis of display types, the market is segregated into navigation system, instrument cluster, and HUD. The head-up displays (HUDs) segment is projected to expand at a considerable CAGR during the forecast period due to expanding factors owing to the requirement to reduce the distractions created by navigation displays to showcase information. The adoption of HUDs in several luxury cars, such as BMW 7 and Volvo XC 90, can propel the use of HUDs in the market.

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Sensor segment is projected to expand at a considerable CAGR

In terms of component types, the market is segregated night vision camera, controlling unit, display unit, sensor, and others. The sensors segment is projected to expand at a considerable CAGR during the forecast period. Detecting in low-light conditions such as cyclists, pedestrians, driving lanes, and road signs.

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the global automotive night vision system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period.

China is the leader in the automotive industry, in every aspect, whether it is the sales or production of vehicles. The growing demand for luxury vehicles in the country is contributing significantly to the night vision system market.

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Segments

The global automotive night vision system market have been segmented on the basis of

Technology Types

• Far Infrared (FIR)
• Near Infrared (NIR)

Display Types

• Navigation Systems
• Instrument Clusters
• HUDs

Component Types

• Night Vision Cameras
• Controlling Units
• Display Units
• Sensors
• Others

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Daimler AG
• FLIR Systems Inc.
• Audi AG
• Autoliv Inc.
• DENSO Corporation.

Competitive Landscape

Key players competing in the global automotive night vision system market are Daimler AG; DENSO Corporation; Autoliv Inc.; Audi AG,; and Hella.

In August 2021, Daimler unveiled 2021 Mercedes-Benz S-Class equipped with Night View Assist Plus, a night vision system that utilizes infrared technology with a unique camera to provide a clear outlook of the road while driving at dark. This system automatically focuses its headlights on nearby pedestrians and can detect cold objects too.

In August 2021, Audi announced that 2022 Audi e-tron S Sportback quattro is releasing with a Standard 20-inch wheels on a 255-section tire provide the grip; gonzo 21- or 22-inchers are optional, with a 285 cm sectional width. Advanced driving aids such as Audi active cruise and lane assists are standard kit, and the night vision assistant as optional.