According to a new report, published by KBV research, 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.
The Far Infrared (FIR) segment is leading the Global Automotive Night Vision System Market by Technology in 2023; thereby, achieving a market value of $5.1 billion by 2031. FIR technology operates by detecting the thermal radiation emitted by objects, which makes it particularly effective for identifying living beings, such as pedestrians and animals, as well as other potential hazards in low-light or nighttime conditions. One of the primary advantages of FIR systems is their ability to function without any external light source, making them highly reliable in complete darkness and adverse weather conditions.
The Night Vision Control Unit segment is anticipating a CAGR of 11.1% during (2024 - 2031). The night vision control unit acts as the brain of the night vision system, processing thermal and infrared data captured by the cameras and sensors. It employs sophisticated algorithms to analyze the data and provide the driver with real-time visual feedback, thereby augmenting the overall safety of the driving experience by highlighting potential hazards.
Full Report: https://www.kbvresearch.com/automotive-night-vision-system-market/
The Asia Pacific region dominated the Global Automotive Night Vision System 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. The Europe region is experiencing a CAGR of 10.2% during (2024 - 2031). Additionally, The North America region would showcase a CAGR of 10.7% during (2024 - 2031).
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