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Automotive Night Vision System Market Size, Share, Trends Analysis And Forecasts (2024 - 2033)
Automotive Night Vision System Market
As per the report, the automotive night vision system market size has grown rapidly in recent years. It will grow from $3.45 billion in 2023 to $3.9 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The automotive night vision system market size is expected to see rapid growth in the next few years. It will grow to $6.19 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%.
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Rising Demand For Advanced In-Vehicle Safety Boost The Automotive Night Vision System Market
The rising demand for advanced in-vehicle safety is expected to boost the automotive night vision system market going forward. Advanced In-Vehicle Safety refers to the advanced technologies and systems designed to enhance the safety of passengers and drivers in vehicles. The demand is rising due to increasing safety concerns, regulatory requirements, and consumer demand. Consumers are becoming more aware of the benefits of advanced safety features such as the automotive night vision system (ANVS). For instance, in June 2021, according to Traffic safety facts reports published by National Highway Traffic Safety Administration (NHTSA) showed an increase in night-time accidents by 11%, from 18,586 in 2019 to 20,684 in 2020. Therefore, the rising demand for advanced in-vehicle safety is driving the growth of automotive night vision systems for the market.
Development Of Night Vision System With White And Near-Infrared Light Diodes
Technological advancements are a key trend gaining popularity in the automotive night vision system market. Major companies operating automotive night vision systems are focused on developing new technologies to reinforce their position in the market. For instance, in November 2022, Kyocera Corporation, a Japan-based electronics company, developed and launched an automotive night vision system with white and near-infrared light diodes integrated into a single GaN laser device that can accurately identify collision-risk objects in low-visibility driving conditions, such as at night or in the rain, snow, fog, or smoke. It is the first headlight to emit both white (RGB) and near-infrared (NIR) light on the same optical axis, allowing for greater object recognition precision than other technologies. The system incorporates RGB-NIR sensors in addition to Kyocera's proprietary "Image-Fusion AI Recognition Technology" for high-performance object identification.
The automotive night vision system market covered in this report is segmented -
1) By Component Type: Night Vision Camera, Sensor, Display Unit, Controlling Unit, Other Components
2) By Technology: Far Infrared (FIR), Near-Infrared (NIR)
3) By Display Type: Instrument Cluster, Navigation System, Heads-Up Display (HUD)
4) By Application: Original Equipment Manufacturers (OEMs), Aftermarket
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Major companies operating in the automotive night vision system market report are Continental AG, Delphi Technologies plc, Denso Corporation, Teledyne FLIR LLC, Ford Motor Company, Magna International Inc., Omnivision Technologies Inc., Omron Corporation, Robert Bosch GmbH, Autolive Inc., Valeo SA, Audi AG, Bendix Commercial Vehicle System LLC, Daimler AG, Hella KGaA Hueck & Co., L3 Technologies Inc., Aisin Seiki Co. Ltd., Melexis NV, Protruly Electronics Co. Ltd., Sirica Corporation, Mobileye Global Inc., Veoneer Inc., FLIR Systems Inc., Shenzhen Protruly Electronics Co. Ltd., OSRAM Licht AG, Visteon Corporation, Toyota Motor Corporation, Cadillac Motor Car Division of General Motors Company, BMW AG, Honda Motor Co., TRW Automotive Holdings Corp., General Motors Company, Stellantis N.V., Régie Nationale des Usines Renault, Volkswagen AG, Volvo Car Corp. .
Contents of the report:
1. Executive Summary
2. Automotive Night Vision System Market Report Structure
3. Automotive Night Vision System Market Trends And Strategies
4. Automotive Night Vision System Market - Macro Economic Scenario
5. Automotive Night Vision System Market Size And Growth
…..
27. Automotive Night Vision System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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