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The global automotive night vision system market is set to reach US$ 9,107.57 MN by 2030, at a 15.7% CAGR between years 2022-2030. Automotive night vision system market has seen rapid advances and changing trends over recent years due to high demand for safety as a feature of cars. With safety on the roads becoming a top priority, ADAS has become indispensable to drivers.
Automotive night vision systems have gained enormous popularity and are an essential element in such arenas. Although these systems provide better visibility in low-light conditions, allowing drivers to see obstacles and pedestrians thereby minimizing the occurrence of accidents. One of the main forces behind market dynamics is an increase in consumer consciousness about safety needs and requirements from automobiles.
With improving awareness, there is enhanced dynamic in demand for cars which come along with sophisticated safety mechanisms including night vision systems. Importantly, governments and regulatory bodies all over the world have played a vital role in influencing market dynamics by imposing stringent safety standards and promoting technologies that promote road security.
Additionally, technology has advanced causing the creation of smarter automotive night vision systems. The traditional systems used infrared sensors, but modern technologies like thermal imaging cameras and infra-red camera have become popular. Such developments not only increase efficiency in night vision systems, but also create a competitive market atmosphere. Thus, OEMs and technology suppliers are always investing in R&D to beat the competition.
The automotive night vision system market is characterized by collaborations and partnerships between car makers and technology companies. This trend is spurred by the need for input from both areas in order to create unified and operating night vision solutions. This has led to various companies from automotive and technology industries partnering so as they can develop new products which are in line with the changing needs of consumers.
The integration of night vision systems into luxury and high-end vehicles also affects market dynamics. Although such systems were initially available only for high-end vehicle classes, there is a visible shift towards installing them in mid-level and entry models. This democratization of technology is extending market reach, which ultimately contributes to the growth in automotive night vision system markets. Nevertheless, challenges include cost constraints and consumer preferences. The high cost of integrating state-of art night vision systems onto vehicles can be another disincentive for certain consumers, especially in price conscious markets.
Automotive Night Vision System Market Highlights:
Automotive Night Vision System Market Overview:
Automotive Night Vision System Market Size was valued at USD 2,469.32 million in 2021. The Automotive Night Vision System market industry is projected to grow from USD 2,841.11 Million in 2022 to USD 9,107.57 million by 2030, exhibiting a compound annual growth rate (CAGR) of 15.7% during the forecast period (2022-2030). increased safety awareness and rise in sales of premium cars are driving the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Night Vision System Market Trends
Increased safety awareness to boost market growth
One of the major concerns across the globe is automotive safety. The major reason that leads to many accidents in passenger cars, causing loss of lives, especially during nighttime, is poor light conditions on the road. For this reason, automotive original equipment manufacturers have started providing active safety systems as a standard fitment, majorly in premium cars. This is due to the increase in awareness about the need for safety systems and the prevention of collisions by alerting the driver.
Night vision systems provide increased safety and help reduce collisions. Therefore, the increase in safety awareness among customers is driving the growth of the automotive night vision systems market. An automotive night vision system improves drivers' perception in low light and bad weather conditions. The system also enables the driver to view a path that is beyond the reach of the vehicle’s headlight. Thus, the use of night vision systems in automobiles can help prevent a lot of accidents.
In addition, rise in sales of premium cars is another factor driving the growth of the automotive night vision system market revenue.
Automotive Night Vision System Market Segment Insights:
Automotive Night Vision System Vehicle Type Insights
The Automotive Night Vision System market segmentation, based on technology, includes Far Infrared (FIR), Near Infrared (NIR). The Far Infrared (NIR) segment held the majority share in 2021 contribution to around ~55-60% in respect to the Automotive Night Vision System market revenue. The use of FIR (Far Infrared) technology in automotive night vision systems is expected to keep rising in the coming years, supporting its position as the most widely used technology in this application. This is primarily due to the technology's benefits, such as complete and reliable detection of surroundings.
January 2022: Robert Bosch Gmbh signed a memorandum of understanding with Volkswagen Group to establish a battery equipment manufacturing unit in Europe.
Automotive Night Vision System Vehicle Type Insights
The Automotive Night Vision System market segmentation, based on vehicle type, includes passenger cars, and commercial vehicle. The Passenger Cars segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The passenger segment is sub-segmented into hatchback cars, multi-purpose vehicles, sports utility vehicles, and sedans. The demand for automotive night vision systems is increasing due to the need for improved driver safety and the high demand for advanced night vision systems in high-end automotive. The night vision systems are majorly implemented in luxury passenger cars. Hence, increasing need for improved driver safety positively impacts the market growth.
Automotive Night Vision System Component Insights
The Automotive Night Vision System market data has been bifurcated by component into controlling unit, display unit, and sensor. The controlling unit segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The controlling unit is concealed behind the glove box in the front device holder. The diagnosis, programming, and coding data are transmitted via the control unit to the camera.
March 2022: FLIR Systems launched a new Lightweight Vehicle Surveillance System (LVSS) with revolutionary air domain awareness (ADA) and advanced counter-unmanned aerial system (C-UAS) capabilities. The LVSS ADA C-UAS is an enhanced addition to Teledyne FLIR’s field-proven LVSS platform that features reliable, rapidly deployable, cutting-edge technology to detect and mitigate the growing threat of small drones. This approval has further broadened the growth opportunity for the automotive night vision system industry.
Figure 2: Automotive Night Vision System Market, by Component, 2021 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Night Vision System Insights
Based on System, the Automotive Night Vision System industry has been segmented into Active NVS and Passive NVS. Active NVS held the largest segment share in 2021 and is expected to bolster at a CAGR of 15.7% during the assessed timeline.
Automotive Night Vision System Regional Insights
By Region, the study segments the market into North America, Europe, Asia-Pacific and Rest of the World. Europe automotive night vision system market accounted for USD 984.04 million in 2021 and is expected to exhibit an 15.9% CAGR during the study period.
Further, the major countries studied are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: Automotive Night Vision System MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
North America Automotive Night Vision System market accounts for the second-largest market share due to the high penetration rate of premium cars and increasing technical improvements in vehicle vision sensor systems. Further, the US Automotive Night Vision System market held the largest market share, and the Canada Automotive Night Vision System market was the fastest growing market in the European region
The Asia-Pacific Automotive Night Vision System Market is expected to grow at a CAGR of 16.2% from 2022 to 2030. This is due to several regulations to monitor the quality and safety of night vision systems. Moreover, China Automotive Night Vision System market held the largest market share, and the India Automotive Night Vision System market was the fastest growing market in the Asia-Pacific region.
Automotive Night Vision System Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Automotive Night Vision System market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Automotive Night Vision System industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Hella GmbH & Co. KGaA, OSRAM, Visteont, Robert Bosch GmbH, Valeo, Continental AG, Denso Corporation, Veoneer Inc. are the major players in the market, competing in terms of a variety of applications for Automotive Night Vision System and their components, as well as efficiency, reliability, affordability, and advanced technology. The primary focus of the players is to provide advanced products to aid in increasing adoption, which could help strengthen a country’s growth with advanced products. Although global players dominate the market, a few regional and other local players with a limited market share also have a prominent presence.
The major players would look to strengthen their global presence through mergers & acquisitions of local and regional players; they are expected to expand their presence and solutions in those countries during the forecast period. Therefore, vendors must develop new technologies to stay at par with emerging technology trends that could affect the competitiveness of their product lines in the market.
Key Companies in the Automotive Night Vision System market include
- Hella GmbH & Co. KGaA
- OSRAM, Visteont
- Robert Bosch GmbH
- Valeo
- Continental AG
- Denso Corporation
- Veoneer Inc.
- Robert Bosch Gmbh
- Visteon
- Flir systems among
Automotive Night Vision System Industry Developments
July 2021: Magna International Inc. collaborated with LG Electronics (LG). The new company, to be called LG Magna e-Powertrain, is headquartered in Incheon, South Korea, and will be led by a strong management team. Leading the new company will be CEO Cheong Won-suk, a 20-year LG veteran who was most recently vice president and head of the LG Vehicle Component Solutions Company’s Green Business. Before LG, Cheong spent nearly a decade with Daewoo Motors R&D.
February 2022: HELLA and Faurecia collaborated to form the seventh-largest automotive supplier worldwide and a global market leader in high-growth technology fields..
Automotive Night Vision System Market Segmentation
Automotive Night Vision System Technology Outlook
- Far Infrared (FIR)
- Near Infrared (NIR)
Automotive Night Vision System Vehicle Type Outlook
- Passenger Cars
- Commercial Vehicle
Automotive Night Vision System Component Outlook
- Controlling Unit
- Display Unit
- Sensor
Automotive Night Vision System System Outlook
- Active NVS
- Passive NVS
Automotive Night Vision System Regional Outlook
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
Rest of the World
- Middle East
- Africa
- Latin America
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