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Automotive Night Vision System Market - Global Outlook and Forecast 2019-2024

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SKU : ARZ190113
  • Published on : February 2019

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This market research report on the global automotive night vision system market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by product (active night vision systems and passive night vision systems), by technology (far infrared (FIR) and near-infrared (NIR)), by vehicle (passenger cars and commercial vehicles), and by geography (APAC, Europe, North America, Latin America, and MEA).

Automotive Night Vision System Market - Overview

Safety and security are emerging as the man priority for manufacturers in the industry and augmenting the growth of the global automotive night vision system market. The top OEMs are focusing on introducing the future generation of vehicles that are smart and secure to attract the maximum number of consumers in the global market. The introduction of hybrid and electric drivetrains that control systems such as engine temperature, suspension, steering control, acceleration/deceleration of the vehicle, and lighting will revolutionize the market. The increasing number of fatalities at night is prompting the regulatory bodies to adopt stringent safety regulations, thereby boosting the adoption of automotive safety electronics in the global market. The rapid advancement in technologies that enables device integration and changing consumer lifestyle allowing automotive players to offer better driving experiences will fuel the adoption of innovative systems in the global market. The launch of next-generation ADAS systems will drive the transformation of the automotive industry. OEMs such as Autoliv, Continental, Delphi Technologies, and Robert Bosch are some of the leading manufacturers in the global market. The introduction of next-generation fusion camera and cost-effective LiDAR systems will boost the adoption of night vision systems across the market. The increasing investments towards digitization have spurred advancements in the sector of automotive safety and autonomous driving platform. According to the research conducted by the AAA Foundation for Traffic Safety, ADAS systems have the potential to prevent approximately 40% of the passenger vehicle crashes. The use of advanced safety systems that help improve the quality of driving and reduce the number of traffic accidents will contribute to the growing revenues in the global automotive night vision system market.

Developed countries such as the US, Japan, the UK, Germany, and France are some of the leading regions for these systems in the global market. The electrification of vehicles in the form of powertrain, connected vehicles, safety systems, infotainment, and electronics will augment the evolution of the market over the next few years. The global automotive night vision system market is estimated to generate revenues of around $3 billion by 2024, growing at a CAGR of more than 15% during 2018-2024. The market research report also provides market share analysis in terms of unit volumes during the forecast period.

Automotive Night Vision System Market - Dynamics

The increasing use of advanced sensors across vehicles is driving the revolution of the global automotive night vision system market. The increasing use of passive safety features such as seatbelts, airbags, stronger chassis and electronic and sensor-guided features such as rearview displays, blind-spot displays, braking systems, traction control, and obstacle identifiers will boost the adoption of innovative systems in the global market. Some of the sensor-based technologies used in the worldwide market are recognition of road signs, collision avoiding maneuvers, driver face-expression detection, pre-crash deployment of airbags and seatbelts, automated space detection and parking, and obstacle detection and automated response. The use of these sensors not just sense the obstacles but also to think and react to them, taking control of the vehicle to avoid a collision. The integration of sensors will enable the adoption of mechanical and passive safety features in the global automotive night vision system market.

Automotive Night Vision System Market – Segmentation

This market research report includes a detailed segmentation of the market by product, technology, vehicle, and geography.

Automotive Night Vision Market Segments and Share 2024

Automotive Night Vision System Market – By Product

The stride towards autonomous vehicles will drive the use of passive systems in the global automotive night vision system market

The global automotive night vision system market by product is classified into active night vision systems and passive night vision systems. Passive systems segment dominated the total market share in 2018, growing at a CAGR of around 15% during the forecast period. The growing demand for ADAS systems is driving the need for passive systems in the global market. These systems use thermographic cameras to detect objects, and these cameras work on the principle of thermal radiation detection, which helps them to differentiate between a living and non-living object. The non-requirement any additional source to illuminate the objects will boost the revenues in the global market. Various advantages of passive systems such as increased night visibility, improved visibility in rain and fog, and no dazzle from headlights of the oncoming vehicles will fuel the use of these products in the global automotive night vision system market over the next few years.

The active system uses infrared light sources which don’t cause a distraction for oncoming drivers at night as the infrared band falls outside the visible spectrum. The visual data of these systems are captured on special cameras and relayed to the output monitors, HMI, and infotainment systems. The better quality of images from these systems will fuel the growth of this segment in the global automotive night vision system market.

Automotive Night Vision System Market – By Technology

The adoption of infrared illumination will propel the need for near-infrared (NIR) in the global automotive night vision system market

The technology segment in the global automotive night vision system market is divided into far infrared (FIR) and near-infrared (NIR). Near-infrared (NIR) is the fastest-growing segment in the global market, at a CAGR of approximately 19% during the forecast period. The adoption of infrared illumination and stringent safety norms by governments worldwide is fueling the growth of this segment in the global market. This technology is used to detect the radiations or reflected illuminations emitted or reflected by objects and then processed and displayed, thereby giving ample time to a driver to respond. The NIR technology offers numerous benefits in varied conditions, thereby, driving the integration of these systems in the global market. NIR system has limited capability when driven with high beams, as it is the same driving with high beams without blinding other road users. The integration of automatic warning with NIR systems will propel the growth of the global automotive night vision system market.

FIR systems are highly suitable for night time driving and offer a seamless driving experience to the consumers in the global market. The average detection of FIR is higher than NIR, with an average detection distance of 119m for older drivers and 144m for younger drivers. The extensive use of these systems will create lucrative opportunities for leading vendors in the global automotive night vision system market.

Automotive Night Vision System Market – By Vehicle

Electrification of passenger cars will boost the demand in the global automotive night vision system market

The global automotive night vision system market by vehicle is segmented into passenger cars and commercial vehicles. The passenger cars segment occupied the largest market share in 2018, growing at a CAGR of more than 14% during the forecast period. The implementation of stringent regulations and the growing adoption of safety technologies will drive the growth of the passenger cars segment in the global market. The installation of electric components to improve performance and abide by global safety regulations will boost the demand for several critical components such as powertrain and chassis system, body electronics, safety and security system, telematics, and infotainment in the market. The rapid advancements in semiconductor and ADAS technology will encourage manufacturers to install innovative systems in passenger cars across the global automotive night vision system market.

Several OEMs are integrating vehicle chassis, LiDAR, radar, and cameras in commercial vehicles to meet the dynamic consumer demands in the global market. The growing adoption of electric vehicles will propel the growth of the global automotive night vision system market.

Automotive Night Vision System Market – By Geography

Demand for luxury cars across APAC countries will contribute to the revenues in the global automotive night vision system market

The geographical segment in the global automotive night vision system market is categorized into APAC, Europe, North America, Latin America, and MEA. APAC is the fastest-growing region in the global market, at a CAGR of around 16% during the forecast period. The increasing penetration of luxury cars, safety systems, and the adoption of stringent safety and emission norms are some of the major factors contributing to the growth of the APAC region in the global market. Leading countries such as China, Japan, and South Korea are the largest revenue generators in the automotive industry in the APAC market. The availability of cheap labor and the abundance of resources have made the APAC region a manufacturing hub of the world. The rising number of electric cars, connected infrastructure, and high expenditure in autonomous vehicle testing will help APAC maintain its global automotive night vision system market share over the next few years.

The rapid adoption of ADAS systems and electric vehicles will drive the growth of the European region in the global market. North American countries such as the US, Canada, and Mexico are the largest revenue generators in the market. The increasing demand for luxury vehicles, electric cars, and the demand for automotive safety systems across MEA will boost revenues in the global automotive night vision system market.

Key countries profiled in the report are:

  • Germany
  • Spain
  • UK
  • US
  • Canada
  • Mexico
  • China
  • Japan
  • South Korea
  • Brazil
  • UAE
  • South Africa

Key Vendor Analysis

The global automotive night vision system market is diverse in structure with different competition levels across regions. The high product reach, increasing market demand, and the presence of several players that compete on a price basis are driving the competition level in the global market. The presence of highly productive domestic manufacturers and growing exports across APAC will create lucrative opportunities in the market. The leading vendors compete on price and product differentiation to sustain the competition in the market. The higher adoption of electric, connected, and autonomous vehicles will increase the profitability of the vendors in the global automotive night vision system market.

The major vendors in the global automotive night vision system market are:

  • Autoliv
  • Continental AG
  • Delphi Technologies
  • Robert Bosch

Other prominent vendors include Aisin Seiki, Denso Corporation, First Sensor, FLIR, Garmin, Ibeo Automotive Systems, Innoviz Technologies, LeddarTech, Magna International, Mobileye (Intel), OMRON Corporation, OSRAM, Phantom Intelligence, Princeton Lightwave (Argo AI), Shenzhen Protruly Electronics, TriLumina, Quanergy Systems, Valeo, Velodyne LIDAR, Visteon Corporation, XenomatiX, and ZF.

Key market insights include

  1. The analysis of the global automotive night vision system market provides market size and growth rate for the forecast period 2019-2024.
  2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global automotive night vision system market.
  3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
  4. It offers a complete overview of market segments and the regional outlook of global automotive night vision system market.
  5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.

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