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Automotive Night Vision System Market Trends That Will Shape the Next Decade: Insights from Development Of Night Vision System With White And Near-Infrared Light Diodes
Automotive Night Vision System
How Large Will the Automotive Night Vision System Market Size By 2025?
The market size of the automotive night vision system has seen a quick expansion in the past few years. The market, which is expected to grow from $3.84 billion in 2024 to $4.3 billion in 2025, will see a compound annual growth rate (CAGR) of 12.1%. The surge in growth during the historical period can be traced back to several factors including safety regulations and standards, heightened consumer awareness and demand for safety, an increase in nighttime accidents, demand from the luxury vehicle segment, as well as the rise in traffic and urbanization.
How Big Is the Automotive Night Vision System Market Size Expected to Grow by 2029?
It's anticipated that the automotive night vision system market will experience a swift expansion in the coming years. By 2029, it's estimated to reach a value of $6.76 billion, growing at a compound annual growth rate (CAGR) of 12.0%. Factors contributing to this growth over the projected period include increasing urbanization worldwide, the proliferation of military technology, increasing focus on pedestrian safety, foray into non-luxury vehicle sections, and amalgamation with advanced driver assistance systems (ADAS). Key tendencies during this period would be cooperation with autonomous vehicles, advancements in image processing technologies, compact and economical solutions, regulatory backing for progressive safety systems, and consumer preference for improved safety features.
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Which Key Market Drivers Powering Automotive Night Vision System Market Expansion and Growth?
The growth of the automotive night vision system market is expected to be fueled by the increasing demand for state-of-the-art in-vehicle safety measures. Advanced In-Vehicle Safety, typified by systems and technological advancements constructed to heighten safety levels for drivers and passengers, is seeing a surge in demand. The amplification is a result of escalating safety apprehensions, regulatory prerequisites, and consumer demand. The understanding of the advantages that advanced safety features, such as automotive night vision systems (ANVS), have to offer is expanding among customers. For instance, the Government Accountability Office, a US governmental body, stated in April 2024 that nearly 42,800 people perished in motor vehicle crashes in the United States in 2022, with millions more wounded. Consequently, innovative vehicle technologies have been developed to prevent collisions and assist drivers for better road safety. Cutting-edge developments encompass automatic emergency braking, lane departure warning systems, and blind spot intervention characteristics. Thus, the burgeoning demand for advanced in-vehicle safety is championing the growth of the automotive night vision systems in the market.
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Which Fast-Growing Trends Are Poised to Disrupt the Automotive Night Vision System Market?
Advancements in technology are becoming a significant trend in the market for automotive night vision systems. Predominant businesses in the field are concentrating on the invention of novel technologies to consolidate their market standing. For instance, Kyocera Corporation, an electronics organization based in Japan, in November 2022, formulated and introduced a pioneering night vision system for automotive using a single GaN laser mechanism, integrating both white and near-infrared light diodes. This system effectively detects potential collision objects under poor visibility conditions like during night, rainy, snowy or foggy weather, or in smoke. This path-breaking headlight emits both white (RGB) and near-infrared (NIR) light on identical optical axis, thus enabling a higher precision in object recognition compared to other technologies. The system also includes RGB-NIR sensors along with Kyocera's unique Image-Fusion AI Recognition Technology for efficient identification of objects.
What Are the Emerging 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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Who Are the Global Leaders in the Automotive Night Vision System Market?
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.
Which are the Top Profitable Regional Markets for the Automotive Night Vision System Industry?
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
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