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Rising Demand For Advanced In-Vehicle Safety Boost The Automotive Night Vision System Market: A Significant Driver Propelling The Automotive Night Vision System Market In 2025
Automotive Night Vision System
What Is the Automotive Night Vision System Market Size and Projected Growth Rate?
The market size for automotive night vision systems has been expanding at a swift rate in the past few years. It is expected to rise from $3.84 billion recorded in 2024 to the projected $4.3 billion in 2025, with a compounded annual growth rate (CAGR) standing at 12.1%. This remarkable growth during the historic frame can be linked to the establishment of safety rules and standards, heightened consumer consciousness regarding safety, the upward trend in night-time mishaps, the buoyant demand from the luxury car sector, augmented vehicular traffic, and rapid urbanization.
The size of the automotive night vision systems market is projected to witness robust expansion in the following years, escalating to $6.76 billion by 2029 with a compound annual growth rate (CAGR) of 12.0%. This anticipated growth during the projected period can be linked to the worldwide urbanisation trend, increase in transfer of military technology, heightened attention to pedestrian safety, its broadening into non-luxury vehicles, and incorporation with advanced driver assistance systems (ADAS). The forthcoming period reveals significant trends such as seamless integration with autonomous vehicles, advancements in the field of image processing algorithms, compactness and cost-effectiveness of solutions, growing regulatory endorsement for improved safety systems, and increasing consumer demand for advanced safety attributes.
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What Are the Major Segments in the Automotive Night Vision System Market?
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), After market
Subsegments:
1) By Night Vision Camera: Infrared Cameras, Thermal Imaging Cameras
2) By Sensor: Infrared Sensors, Image Sensors
3) By Display Unit: Head-Up Displays (HUD), Dashboard Displays
4) By Controlling Unit: Central Processing Unit (CPU), Control Algorithms And Software
5) By Other Components: Wiring Harnesses, Mounting Hardware, Connectors
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What Are The Driving Automotive Night Vision System Market Evolution?
The increasing necessity for enhanced in-car safety is predicted to propel the growth of the automotive night vision system market. The term Advanced In-Vehicle Safety relates to sophisticated tech and systems devised to protect vehicle occupants and drivers. The need for these systems is escalating due to growing safety threats, regulatory mandates, and consumer wants. Clients are developing a stronger understanding of the advantages of cutting-edge safety functions like the automotive night vision system (ANVS). For example, the Government Accountability Office, a governmental body in the US, reported in April 2024 that nearly 42,800 individuals lost their lives in car accidents in the US in 2022, and several million were injured. To enhance road safety, innovative vehicle technologies have been launched to assist in collision prevention and driver assistance. Noteworthy advancements encompass automatic emergency braking, warnings for lane departure, and intervention features for blind spots. Thus, the burgeoning demand for sophisticated in-car safety systems is propelling the expansion of the automotive night vision system in the market.
Which Firms Dominate The Automotive Night Vision System Market Segments?
Major companies operating in the automotive night vision system market include 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., 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.
What Trends Are Expected to Dominate the Automotive Night Vision System Market in the Next 5 Years?
The surge in technological innovations is a prevalent trend gaining momentum in the market for automotive night vision systems. Leading firms in this space are concentrating on the creation of new technologies to solidify their market presence. For instance, Kyocera Corporation, a corporation based in Japan specializing in electronics, engineered and introduced an automotive night vision system containing white and near-infrared light diodes amalgamated into a single GaN laser device in November 2022. This system can accurately detect objects that pose a risk of collision under poor visibility driving situations such as during the night or in varying weather conditions like rain, snow, fog, or smoke. It's the inaugural headlight system to produce both white (RGB) and near-infrared (NIR) light along the same optical axis, providing superior object recognition accuracy as compared to other existing technologies. The system also integrates RGB-NIR sensors, supplemented by Kyocera's exclusive "Image-Fusion AI Recognition Technology," for exceptional object identification performance.
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Which Is The Largest Region In The Automotive Night Vision System Market?
Asia-Pacific was the largest region in the automotive night vision system market in 2024. The regions covered in the automotive night vision system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Night Vision System Market?
2. What is the CAGR expected in the Automotive Night Vision System Market?
3. What Are the Key Innovations Transforming the Automotive Night Vision System Industry?
4. Which Region Is Leading the Automotive Night Vision System Market?
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Efficient Research: Quickly identify market growth, leading players, and major segments.
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