Automotive Night Vision System Market
PUBLISHED: 2024 ID: SMRC27091
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Automotive Night Vision System Market

Automotive Night Vision System Market Forecasts to 2030 - Global Analysis By Vehicle Type (Passenger Cars, Commercial Vehicle and Other Vehicle Types), Component (Night Vision Camera, Controlling Unit, Display Unit, Sensor and Other Components), Display Type, System, Technology Type, Application and by Geography

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4.7 (60 reviews)
Published: 2024 ID: SMRC27091

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Automotive Night Vision System Market is accounted for $4026.31 million in 2024 and is expected to reach $10704.48 million by 2030 growing at a CAGR of 17.7% during the forecast period. Automotive night vision systems are cutting-edge technologies that improve visibility beyond the beam of a regular headlight, improving vehicle safety in low light. These systems identify and display possible hazards, such as people, animals, and other vehicles that might be hard to see with the unaided eye, by using infrared cameras and thermal imaging. Moreover, drivers are then able to react more quickly to obstacles or changes in the driving environment by using the thermal images that have been taken and projected onto a display screen inside the car.

According to the National Highway Traffic Safety Administration (NHTSA), automotive night vision systems significantly enhance driver safety by improving visibility and detecting potential hazards in low-light conditions, thereby reducing the likelihood of nighttime accidents.

Market Dynamics: 

Driver: 

Raising awareness of road safety

One major factor propelling the market for automotive night vision systems is the increased focus on road safety. The dangers of driving at night are becoming more widely recognized among governments, safety groups, and the general public. Increased awareness has prompted demands for cutting-edge safety features in cars that can reduce the risk of collisions. Particularly in dimly lit areas, night vision devices are essential for increasing visibility and spotting possible threats like other cars, animals, and pedestrians. Additionally, the need for these systems is being driven by the emphasis on lowering accidents and improving safety.

Restraint:

Exorbitant implementation cost

The cost of these systems is the main factor limiting the market for automotive night vision systems. Night vision systems are relatively expensive due to the sophisticated processing units and advanced technology needed for infrared and thermal imaging. This price can be a major deterrent, especially for mid-range and entry-level cars where financial constraints are more pronounced. Furthermore, the high initial cost might also discourage some buyers from choosing cars with night vision systems, which would restrict the market's potential for expansion.

Opportunity:

Advanced driver assistance system (ADAS) integration

One major avenue for market expansion is the combination of advanced driver assistance systems (ADAS) and night vision systems. By improving overall vehicle safety, ADAS technologies—like automated emergency braking, adaptive cruise control, and lane-keeping assistance—complement night vision systems. Moreover, creating integrated solutions that bring night vision and other ADAS features together can provide a complete safety package that will appeal to both automakers and consumers. Within the automotive ecosystem, this integration may also result in the development of new business models and alliances.

Threat:

Obstacles to consumer adoption and resistance

Consumer resistance to adopting new technologies can be a significant threat to the automotive night vision system market. Factors such as perceived lack of necessity, skepticism about the technology’s effectiveness, or concerns about reliability and maintenance can hinder adoption rates. Additionally, some consumers may be unwilling to pay a premium for night vision systems if they do not perceive a clear, immediate benefit. Overcoming these barriers requires effective communication of the technology's advantages and building consumer trust in its benefits.

Covid-19 Impact: 

On the market for automotive night vision systems, the COVID-19 pandemic had a variety of effects. Night vision systems and other advanced automotive technologies were once in high demand due to the pandemic's initial effects on global supply chains, manufacturing delays, and a brief drop in vehicle sales and production. Fewer investments were made in non-essential car features as a result of economic uncertainty and a shift in consumer priorities toward necessities. However, there was a renewed emphasis on improving vehicle safety as the automotive industry gradually recovered and adjusted to new safety standards and increased emphasis on health and hygiene. This sparked interest in cutting-edge technologies like night vision systems once again.

The Sensor segment is expected to be the largest during the forecast period

The Sensor segment holds the largest market share in the automotive night vision system market. In order to improve visibility in low-light or low-contrast environments, sensors are essential parts of night vision systems because they are in charge of identifying and obtaining low-light and infrared images. These sensors, which are essential for spotting objects and possible dangers on the road at night, include thermal imaging and infrared cameras. Moreover, the overall safety and functionality of automotive night vision systems are greatly enhanced by their sophisticated ability to provide clear and detailed imagery.

The Head-up Display segment is expected to have the highest CAGR during the forecast period

The Head-up Display (HUD) segment of the Automotive Night Vision System Market is anticipated to grow at the highest CAGR. Because HUDs can project important driving information right onto the windshield, like speed, navigation instructions, and alerts, they are growing in popularity. By enabling drivers to receive vital information while maintaining their focus on the road, this technology improves both driver convenience and safety. Additionally, the rapid growth of this market is a reflection of the growing importance of HUDs in contemporary automotive design as well as the growing demand for advanced driver assistance systems (ADAS) and their integration into more vehicles.

Region with largest share:

The North America region is anticipated to hold the largest market share for automotive night vision systems. The advanced automotive industry in the region, the high demand for safety features from consumers, and the early adoption of cutting-edge technologies are the main drivers of this dominance. Its substantial share is a result of the established automotive market in North America as well as the substantial R&D expenditures made by top manufacturers. Furthermore, stricter safety laws and an increasing focus on improving driving comfort and safety also support the region's dominant position in the market.

Region with highest CAGR:

The Automotive Night Vision System Market is expected to grow at the highest CAGR in the Asia-Pacific region. Fast industrialization, rising disposable incomes and a growing demand for cutting-edge automotive technologies in nations like China, India, and Japan are the main drivers of this growth. The adoption of night vision systems is fueled by the region's growing automotive sector, rising vehicle safety awareness, and technological advancements. Moreover, the high growth rate of this market segment in Asia-Pacific is also attributed to investments in infrastructure and supportive government policies.

Key players in the market

Some of the key players in Automotive Night Vision System market include Continental AG, Teledyne FLIR LLC, Denso Corporation, L3Harris Technologies, Inc., Audi AG, Magna International Inc, Raytheon Company, Daimler AG, Robert Bosch GmbH, NEC Corporation, OmniVision Technologies, Panasonic Corporation, Visteon Corporation, Omron Corporation, ZF Friedrichshafen AG and Delphi Automotive PLC.

Key Developments:

In August 2024, Denso Corporation announced that it has signed a manufacturing license agreement with Ceres Power Holdings (CWR.L), a leading developer of solid oxide cell stack technology. DENSO aims to advance the early practical application of Solid Oxide Electrolysis Cells (SOECs)*1 that produce hydrogen through water electrolysis.

In January 2024, Teledyne FLIR, part of Teledyne Technologies Incorporated and Valeo, have started a strategic collaboration to bring thermal imaging technology to the automotive industry to enhance the safety of road users. 

In November 2023, L3Harris Technologies announced the signing of a definitive agreement under which an affiliate of TJC L.P. will acquire L3Harris’ Commercial Aviation Solutions (CAS) business for $800 million. The acquisition includes a $700 million cash purchase price and $100 million earnout based on the achievement of certain 2023 and 2024 financial performance targets, which together represent an approximate 15x LTM 9/30 EBITDA purchase multiple.

Vehicle Types Covered:
• Passenger Cars
• Commercial Vehicle
• Other Vehicle Types 
 
Components Covered:
• Night Vision Camera
• Controlling Unit
• Display Unit
• Sensor
• Other Components 

Display Types Covered:
• Navigation System
• Instrument Cluster
• Head-up Display 

Systems Covered:
• Active NVS
• Passive NVS 
 
Technology Types Covered:
• Far Infrared (FIR)
• Near Infrared (NIR) 

Applications Covered:
• Pedestrian Detection
• Animal Detection
• Lane Departure Warning
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary          
           
2 Preface          
 2.1 Abstract         
 2.2 Stake Holders         
 2.3 Research Scope         
 2.4 Research Methodology         
  2.4.1 Data Mining        
  2.4.2 Data Analysis        
  2.4.3 Data Validation        
  2.4.4 Research Approach        
 2.5 Research Sources         
  2.5.1 Primary Research Sources        
  2.5.2 Secondary Research Sources        
  2.5.3 Assumptions        
           
3 Market Trend Analysis          
 3.1 Introduction         
 3.2 Drivers         
 3.3 Restraints         
 3.4 Opportunities         
 3.5 Threats         
 3.6 Technology Analysis         
 3.7 Application Analysis         
 3.8 Emerging Markets         
 3.9 Impact of Covid-19         
           
4 Porters Five Force Analysis          
 4.1 Bargaining power of suppliers         
 4.2 Bargaining power of buyers         
 4.3 Threat of substitutes         
 4.4 Threat of new entrants         
 4.5 Competitive rivalry         
           
5 Global Automotive Night Vision System Market, By Vehicle Type          
 5.1 Introduction         
 5.2 Passenger Cars         
 5.3 Commercial Vehicle         
 5.4 Other Vehicle Types         
           
6 Global Automotive Night Vision System Market, By Component          
 6.1 Introduction         
 6.2 Night Vision Camera         
 6.3 Controlling Unit         
 6.4 Display Unit         
 6.5 Sensor         
 6.6 Other Components         
           
7 Global Automotive Night Vision System Market, By Display Type          
 7.1 Introduction         
 7.2 Navigation System         
 7.3 Instrument Cluster         
 7.4 Head-up Display         
           
8 Global Automotive Night Vision System Market, By System          
 8.1 Introduction         
 8.2 Active NVS         
 8.3 Passive NVS         
           
9 Global Automotive Night Vision System Market, By Technology Type          
 9.1 Introduction         
 9.2 Far Infrared (FIR)         
 9.3 Near Infrared (NIR)         
           
10 Global Automotive Night Vision System Market, By Application          
 10.1 Introduction         
 10.2 Pedestrian Detection         
 10.3 Animal Detection         
 10.4 Lane Departure Warning         
 10.5 Other Applications         
           
11 Global Automotive Night Vision System Market, By Geography          
 11.1 Introduction         
 11.2 North America         
  11.2.1 US        
  11.2.2 Canada        
  11.2.3 Mexico        
 11.3 Europe         
  11.3.1 Germany        
  11.3.2 UK        
  11.3.3 Italy        
  11.3.4 France        
  11.3.5 Spain        
  11.3.6 Rest of Europe        
 11.4 Asia Pacific         
  11.4.1 Japan        
  11.4.2 China        
  11.4.3 India        
  11.4.4 Australia        
  11.4.5 New Zealand        
  11.4.6 South Korea        
  11.4.7 Rest of Asia Pacific        
 11.5 South America         
  11.5.1 Argentina        
  11.5.2 Brazil        
  11.5.3 Chile        
  11.5.4 Rest of South America        
 11.6 Middle East & Africa         
  11.6.1 Saudi Arabia        
  11.6.2 UAE        
  11.6.3 Qatar        
  11.6.4 South Africa        
  11.6.5 Rest of Middle East & Africa        
           
12 Key Developments          
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures         
 12.2 Acquisitions & Mergers         
 12.3 New Product Launch         
 12.4 Expansions         
 12.5 Other Key Strategies         
           
13 Company Profiling          
 13.1 Continental AG         
 13.2 Teledyne FLIR LLC         
 13.3 Denso Corporation         
 13.4 L3Harris Technologies, Inc.         
 13.5 Audi AG         
 13.6 Magna International Inc         
 13.7 Raytheon Company         
 13.8 Daimler AG         
 13.9 Robert Bosch GmbH         
 13.10 NEC Corporation         
 13.11 OmniVision Technologies         
 13.12 Panasonic Corporation         
 13.13 Visteon Corporation         
 13.14 Omron Corporation         
 13.15 ZF Friedrichshafen AG         
 13.16 Delphi Automotive PLC         
           
List of Tables           
1 Global Automotive Night Vision System Market Outlook, By Region (2022-2030) ($MN)          
2 Global Automotive Night Vision System Market Outlook, By Vehicle Type (2022-2030) ($MN)          
3 Global Automotive Night Vision System Market Outlook, By Passenger Cars (2022-2030) ($MN)          
4 Global Automotive Night Vision System Market Outlook, By Commercial Vehicle (2022-2030) ($MN)          
5 Global Automotive Night Vision System Market Outlook, By Other Vehicle Types (2022-2030) ($MN)          
6 Global Automotive Night Vision System Market Outlook, By Component (2022-2030) ($MN)          
7 Global Automotive Night Vision System Market Outlook, By Night Vision Camera (2022-2030) ($MN)          
8 Global Automotive Night Vision System Market Outlook, By Controlling Unit (2022-2030) ($MN)          
9 Global Automotive Night Vision System Market Outlook, By Display Unit (2022-2030) ($MN)          
10 Global Automotive Night Vision System Market Outlook, By Sensor (2022-2030) ($MN)          
11 Global Automotive Night Vision System Market Outlook, By Other Components (2022-2030) ($MN)          
12 Global Automotive Night Vision System Market Outlook, By Display Type (2022-2030) ($MN)          
13 Global Automotive Night Vision System Market Outlook, By Navigation System (2022-2030) ($MN)          
14 Global Automotive Night Vision System Market Outlook, By Instrument Cluster (2022-2030) ($MN)          
15 Global Automotive Night Vision System Market Outlook, By Head-up Display (2022-2030) ($MN)          
16 Global Automotive Night Vision System Market Outlook, By System (2022-2030) ($MN)          
17 Global Automotive Night Vision System Market Outlook, By Active NVS (2022-2030) ($MN)          
18 Global Automotive Night Vision System Market Outlook, By Passive NVS (2022-2030) ($MN)          
19 Global Automotive Night Vision System Market Outlook, By Technology Type (2022-2030) ($MN)          
20 Global Automotive Night Vision System Market Outlook, By Far Infrared (FIR) (2022-2030) ($MN)          
21 Global Automotive Night Vision System Market Outlook, By Near Infrared (NIR) (2022-2030) ($MN)          
22 Global Automotive Night Vision System Market Outlook, By Application (2022-2030) ($MN)          
23 Global Automotive Night Vision System Market Outlook, By Pedestrian Detection (2022-2030) ($MN)          
24 Global Automotive Night Vision System Market Outlook, By Animal Detection (2022-2030) ($MN)          
25 Global Automotive Night Vision System Market Outlook, By Lane Departure Warning (2022-2030) ($MN)          
26 Global Automotive Night Vision System Market Outlook, By Other Applications (2022-2030) ($MN)          
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.           

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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