CAGR: 11.7%Current Market Size: USD 3.7 BillionFastest Growing Region: Europe
Largest Market: APACProjection Time: 2023-2030Base Year: 2022
The automotive night vision systems market is expected to grow from USD 3.7 billion in 2022 to USD 8.9 billion by 2030, at a CAGR of 11.7% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the rising cases of road accidents during nighttime.
Night vision systems for cars are set up using thermographic cameras, which use infrared radiation to create images. They are similar to regular cameras that create images with visible light. In poor weather or darkness beyond the reach of the vehicle's headlights, these systems enhance a driver's vision and let them see farther away. Most of the time, these systems are included in certain premium cars. Previously, driving in foggy weather with poor visibility was considered quite hazardous by drivers; now it is easier to drive in foggy weather with better visibility, by using automotive light vision systems. As a result of their ability to extend beyond vehicle headlights, automotive night vision systems are enhancing a driver’s perception in darkness and bad weather conditions, as they are becoming increasingly important in passenger cars worldwide. Using the night vision system, the driver is alerted if an animal or pedestrian is present in a danger zone by an image that appears red in front of the vehicle. In addition, vehicle front light systems also produce some visibility, so the manufacturers of this system are planning to combine these two methods to make the system more efficient and to make it better. As a result of this planning, the automotive night vision system market is expected to grow significantly.
Sample Request: - Global Automotive Night Vision Systems Market
Market Dynamics:
Drivers:
Among the major factors driving the growth of the automotive night vision systems market is consumer awareness of road safety. In order to reduce road accidents, governments in various regions are taking initiatives, and manufacturers are making investments in order to meet government standards, which further promotes market expansion.
Restraints:
Installing a night vision system in an automobile is a major challenge for the market to grow. In the automotive night vision system industry, the leading players are striving to introduce more innovative products, but there seems to be a high price tag involved in doing so. There is a large price tag on the camera and other devices, but even after that, the system can sometimes fail to work due to bad weather.
Opportunities:
As high-end luxury car sales increase, the market's growth is accelerating. With the surge in disposable income, populations around the world are becoming increasingly interested in high-end luxury cars. Furthermore, a rise in middle-income groups along with a rise in living standards in emerging countries are contributing to an increase in passenger vehicle demand.
Challenges:
Over the Projection period, the automotive night vision system market is restrained due to significant issues such as the inability of automotive night vision systems to work correctly in dense weather conditions and the lack of proper handling of the devices. As for the system's performance, it shows low vehicle detection rates in some cases.
Segmentation Analysis:
The global automotive night vision systems market has been segmented based on product type, technology, component, and region.
By Product Type
The product type segment includes passive and active. The passive segment led the largest share of the automotive night vision systems market with a market share of around 59.4% in 2022. Most automobiles with night vision come with passive sensors, which are more efficient at monitoring heat without the need for additional illumination, representing a significant share of the product segment. Passive vision is unreliable in hot weather (over 98 degrees) because thermal radiation cannot be detected. These systems use thermal photographic cameras to detect thermal radiation.
By Technology
The technology segment includes near-infrared and far-infrared. The far-infrared segment led the largest share of the automotive night vision systems market with a market share of around 63.1% in 2022. As of 2021, the Far-Infrared (FIR) segment held a majority with a market share of 58%. Infrared technology works best in low-light conditions, enabling cameras to provide infrared images, which boosts the demand for far-infrared technology in vehicles.
By Component
The component segment includes the controlling unit, sensors, night vision camera and others. The night vision camera segment led the largest share of the automotive night vision systems market with a market share of around 31.5% in 2022. With night vision driving cameras, thermal heat signatures can be detected thousands of feet away from a car's standard headlights, allowing drivers to see things they may not otherwise be able to see or react to. There are other significant advantages of utilizing night vision dash cams, such as liability protection. It can be challenging to determine exactly what happened and who was responsible for an accident at night.
Global Automotive Night Vision Systems Market - Sales Analysis.
The sale of automotive night vision systems expanded at a CAGR of 10.8% from 2016 to 2022
Automobile night vision systems are growing across the globe as a result of growing concern for accidents during night drives. In addition, increasing military deployments of these systems have been stimulating this market.
In addition to producing visibility to some distance, vehicles' front light systems also provide some visibility, so the manufacturers plan on combining the two methods to make the system more effective. As a result, the automotive night vision system market is expected to grow and develop at a lucrative pace.
Furthermore, the emergence of autonomous driving technology and the improvements in thermal imaging technology within automobiles will likely result in numerous growth opportunities through the Projection period.
Thus, owing to the aforementioned factors, the global automotive night vision systems market is expected to grow at a CAGR of 11.7% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the automotive night vision systems market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the automotive night vision systems market and held a 38.7% share of the market revenue in 2022.
Global Automotive Night Vision Systems Market - Country Analysis:
Germany's automotive night vision systems market size was valued at USD 0.27 billion in 2022 and is expected to reach USD 0.65 billion by 2030, at a CAGR of 11.8% from 2023 to 2030.
A significant CAGR is expected to be achieved by Germany in the automotive night vision system market, based on German trade and investment data. One of the most prominent businesses in Germany is the automotive sector. According to German trade and investment data, German auto manufacturers produced over 15.6 million vehicles in 2021, making Germany one of the largest automotive production sites in Europe.
China’s automotive night vision systems market size was valued at USD 0.37 billion in 2022 and is expected to reach USD 0.91 billion by 2030, at a CAGR of 12% from 2023 to 2030.
A prominent leader in the automotive industry, China is adding a boost to the market's expansion. Moreover, the region also has significant market players in the automotive night vision system market, adding to its growth. Moreover, the rapid expansion of the e-commerce sector and advancements in networking technologies in the country are creating more growth opportunities for market growth.
India's automotive night vision systems market size was valued at USD 0.28 billion in 2022 and is expected to reach USD 0.68 billion by 2030, at a CAGR of 11.9% from 2023 to 2030.
Automobile manufacturers in the country are prominent, which drives the market's growth. High-performance cars are in high demand and drivers want safety features in their vehicles, driving the market.
Key Industry Players Analysis:
To increase their market position in the global automotive night vision systems market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
11.7% |
Market Size |
3.7 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Product Type, By Technology, By Component, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Dailmer AG, Robert Bosch GmbH, Continental AG, Autoliv Inc, DENSO CORPORATION, Omron Corporation, Audi AG, FLIR Systems, Delphi Automotive System Inc, Valeo, HELLA KGaA Hueck Co.,Magna International Inc., Visteon Corporation, and ZF Friedrichshafen AG. |
By Product Type |
|
By Technology |
|
By Component |
|
Regional scope |
|
Scope of the Report
Global Automotive Night Vision Systems Market by Product Type:
Global Automotive Night Vision Systems Market by Technology:
Global Automotive Night Vision Systems Market by Component
Global Automotive Night Vision Systems Market by Region:
Global automotive night vision systems market is expected to reach USD 8.9 billion by 2030, at a CAGR of 11.7% from 2023 to 2030.
Leading players in the automotive night vision systems market are Dailmer AG, Robert Bosch GmbH, Continental AG, Autoliv Inc, DENSO CORPORATION, Omron Corporation, Audi AG, FLIR Systems, Delphi Automotive System Inc, Valeo, HELLA KGaA Hueck Co., Magna International Inc., Visteon Corporation, ZF Friedrichshafen AG among others.
Rising demand for luxury cars and rising road safety concerns.
Asia Pacific region will witness more growth in the automotive night vision systems market.
Based on the component, the global automotive night vision systems market has been segmented into controlling unit, sensors, night vision camera and others.
Political Factors- Aside from overseeing the automotive industry's safety, authorities are also concerned about the environmental impact of automobiles. Virtually all automobiles, motorcycles, and buses are powered by fossil fuels such as petroleum and diesel, which emit a variety of pollutants into the atmosphere when burned. Carbon emissions, or the quantity of carbon dioxide created by driving a vehicle, are a serious concern with motor vehicles. As a result, governments are very interested in the emissions statistics of new and used automobiles. This, along with other environmental issues, is yet another regulatory hurdle for automakers to clear.
Economic Factors- Individuals around the world are earning more money every year as a general tendency. This means they have more money to spend on luxury products like electronics and, of course, cars! It's no surprise, then, that demand for automobiles is slowly but steadily increasing. This is especially true in emerging countries, such as several African countries, where recent economic advancements have just recently enabled poorer households to own their own car. Finally, increased demand for automobiles means that more automobiles will be sold, and the automotive industry will become even more profitable for its participants.
Social Factors- Driving is undeniably becoming more popular from a sociocultural standpoint. Owning one or more motor vehicles is becoming more normal for families all over the world; in fact, owning one or more motor vehicles is now the standard in industrialised countries such as the United States, Canada, and much of the European Union. Part of this is a cultural phenomenon: it's not that many of us couldn't get by on bicycles and buses, but we instead choose to drive motor vehicles since it's what's expected of us.
Technological Factors-Aside from the introduction of self-driving automobiles, another significant technological improvement in the automotive industry is, in general, vehicle safety. Seat belts were not made mandatory until the 1980s, and it took until the early 2000s for lower-end automakers to begin incorporating airbags into their models. Not only are industry standards evolving, but so is the underlying technology. Recently, automakers have begun to incorporate emergency braking aid systems into their vehicles, greatly reducing the likelihood of front-end collisions.
Environmental Factors- As previously said, carbon dioxide is one of the most important environmental pollutants produced by the automobile sector. It contributes significantly to global climate change via the greenhouse effect. Carbon emissions have received widespread attention in recent years. We continue to use automobiles on a daily basis, but it is unclear whether governments will be pushed to take stronger action to combat global warming — which may include a complete ban on the production or use of automobiles, or at the very least a shift towards electric vehicles.
Legal Factors- Surprisingly, the issue of copyright impacts the car business as well. Some aspects of a car, such as its branding or shape, can be protected by copyright, trademark, or patent regulations. Legal squabbles in the car industry are unusual, although they do occur. In recent decades, a growing issue has been Chinese automakers openly stealing designs from their Western competitors. For example, Chinese automaker Geely has produced some curiously similar clones of the Rolls-Royce Phantom, causing some controversy. It's unknown what impact this copying has on the industry as a whole, but it's undeniably prevalent.
List of Table
List of Figures