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

INDUSTRY ANALYSIS

The global automotive night vision market size will reach USD 3 billion and 400 thousand units by 2024, growing at a CAGR of 15% during 2019-2024. 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. 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. 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 devices 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. The introduction of next-generation fusion cameras 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 devices that help improve the quality of driving and reduce the number of traffic accidents will contribute to the growing revenues in the global market.

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. 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.

GLOBAL AUTOMOTIVE NIGHT VISION SYSTEM MARKET SEGMENTATION 

This research report includes a detailed segmentation by

• Product
• Technology
• Vehicle
• Geography 

INSIGHTS BY PRODUCT

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

The passive segment dominated the total 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. They 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 of any additional source to illuminate the objects will boost the revenues in the segment. Various advantages of passive devices 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 over the next few years.

INSIGHTS BY TECHNOLOGY

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

Near-infrared (NIR) is the fastest-growing segment, 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. 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. NIR devices have 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 warnings with NIR will propel the growth of the global system market.

FIR systems are highly suitable for nighttime 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 devices will create lucrative opportunities for leading vendors.

INSIGHTS BY VEHICLE

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

The passenger car segment occupied the largest 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 car segment. 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 the passenger car segment.

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 two-wheelers & vehicles will propel the growth of the global market.

INSIGHTS BY GEOGRAPHY

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

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. Leading countries such as China, Japan, and South Korea are the largest revenue generators in the automotive industry in the APAC region. 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. 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 devices across MEA will boost revenues in the global market.

INSIGHTS BY VENDORS

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.

The global automotive night vision system market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

Segmentation by Product

• Active Night Vision Systems
• Passive Night Vision Systems

By Technology

• Far Infrared (FIR)
• Near Infrared (NIR)

By Vehicle Type

• Passenger Cars
• Commercial Vehicles

By Geography

• Europe
• Germany
• Spain
• UK
• North America
• US
• Canada
• Mexico
• APAC
• China
• Japan
• South Korea
• Latin America
• Brazil
• MEA
• UAE
• South Africa