“Global Automotive Night Vision System Market to reach a market value of USD 8.8 Billion by 2031 growing at a CAGR of 10.9%”
The Global Automotive Night Vision System Market size is expected to reach $8.8 billion by 2031, rising at a market growth of 10.9% CAGR during the forecast period.
Many urban areas in Asia-Pacific experience heavy traffic congestion, especially during nighttime hours. Automotive night vision systems enhance driver visibility in low-light conditions, improving safety and reducing accidents. Thus, the Asia Pacific region acquired 41.6% revenue share in the market 2023. Also, rapid infrastructure development in Asia-Pacific has led to increased road networks, including highways and urban roads. Night vision systems help drivers navigate these complex environments more effectively, especially in poorly lit or rural areas.
Due to the fact that road safety has become a major priority for both customers and regulatory agencies, there has been a surge in the need for advanced safety systems, such as automobile night vision systems (ANVS), throughout the course of the many years that have passed.
Additionally, one of the most notable advancements is in sensor technology, particularly the development of high-resolution microbolometer detectors. This type of detector is a thermal sensor that converts infrared radiation emitted by objects into an electronic signal. Thus, these advancements will aid in the expansion of the market.
However, the key components of night vision systems—such as advanced sensors, thermal imaging cameras, and sophisticated processing units—are expensive to produce. These components are critical for the system's ability to detect and process infrared radiation, providing drivers with clear visibility in low-light conditions. Thus, as these technologies evolve and become more accessible, they will further impact the demand for night vision systems in the automotive industry.
On the basis of component, the market is classified into thermal imaging camera, night vision control unit, and sensor system. The thermal imaging camera segment acquired 42.7% revenue share in the market in 2023. Thermal imaging cameras are essential for night vision systems as they detect infrared radiation emitted by objects and convert it into electronic signals to create detailed thermal images.
Based on technology, the market is bifurcated into far infrared (FIR) and near-infrared (NIR). The near-infrared (NIR) segment procured 41.3% revenue share in the market in 2023. NIR technology emits near-infrared light and captures the reflected light from objects to create an image.
Free Valuable Insights: Global Automotive Night Vision System Market size to reach USD 8.8 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment garnered 27.9% revenue share in the market in 2023. The region is home to several premium automotive manufacturers, such as BMW, Mercedes-Benz, and Audi, pioneers in incorporating advanced safety features, including night vision systems, into their vehicles.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 3.9 Billion |
| Market size forecast in 2031 | USD 8.8 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 10.9% from 2024 to 2031 |
| Number of Pages | 183 |
| Number of Tables | 250 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Technology, Component, Region |
| Country scope |
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| Companies Included | Autoliv, Inc., Teledyne FLIR LLC (Teledyne Technologies Incorporated), Omron Corporation, Robert Bosch GmbH, Magna International, Inc., Continental AG, Aptiv PLC, Texas Instruments, Inc., Bendix Commercial Vehicles Systems (Knorr-Bremse Group) and Denso Corporation |
By Technology
By Component
By Geography
This Market size is expected to reach $8.8 billion by 2031.
Increasing road safety awareness are driving the Market in coming years, however, High cost associated with advanced night vision technologies restraints the growth of the Market.
Autoliv, Inc., Teledyne FLIR LLC (Teledyne Technologies Incorporated), Omron Corporation, Robert Bosch GmbH, Magna International, Inc., Continental AG, Aptiv PLC, Texas Instruments, Inc., Bendix Commercial Vehicles Systems (Knorr-Bremse Group) and Denso Corporation
The expected CAGR of this Market is 10.9% from 2023 to 2031.
The Far Infrared (FIR) segment is leading the Market by Technology in 2023; thereby, achieving a market value of $5.1 billion by 2031.
The Asia Pacific region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3.7 billion by 2031.
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