Rapid development in NIR (Near Infrared Range)technology to boost the global automotive night vision system market.
Arizton’s recent market research report on the automotive night vision systems market provides a comprehensive industry analysis, trend forecasts, and the competitive landscape. The research study segments the night vision market by products (active night vision systems and passive night vision systems), technology type (far infrared (FIR) and near-infrared (NIR)), vehicle type (passenger cars and commercial vehicles), and geography (APAC, Europe, North America, Latin America, and MEA.
The global automotive night vision market is estimated to generate revenues of around $3 billion by 2024, growing at a CAGR of more than 15% during 2018–2024.
The growing demand for night vision systems on the autonomous driving platform, the rising need for traffic safety, the rapid development in NIR technology, increase in the use of advanced sensors in vehicles, and growing popularity of autonomous vehicles are major factors driving the automotive night vision market.
The leading three drivers and trends driving the growth of the automotive night vision market are discussed below:
Rapid Development in NIR (Near Infrared Range)Technology
In the last few years, NIR technology has witnessed several advancements. NIR technology produces photons, which help to detect objects from a long distance in the low-light or no-light situation. It is important for eye tracking and gesture control for driver monitoring systems. The technology consumes less power and can produce a sharp picture in the dark within the detection range of less than 600 feet. Therefore, the increasing adoption of such innovative technology is expected to accelerate the global automotive night vision market.
Increasing Use of Advanced Sensors in Vehicles
To increase safety, automobiles are now loaded with several safety features such as rearview displays, blind spot displays, braking systems, traction controls, and obstacle identifiers. These automotive safety features help to identify obstacles and alert the driver. However, there is a rising demand to integrate more sensors in automobiles to make them more intelligent and automated. Some emerging sensor-based technologies in the automotive night vision 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. Hence, the integration of new-age technologies and advanced sensors has provided momentum to the night vision market.
Rising Popularity of Autonomous Vehicles
The automotive industry is observing a structural shift in terms of the demand-side behavior. To adopt these behavioral changes, OEMs are focusing on driverless technology and the autonomous vehicle concept. Audi, Ford, Continental, Bosch, and Delphi have initiated the idea to commercialize autonomous vehicles. For instance, Volkswagen and Ford have established R&D centers in Silicon Valley to develop and design autonomous hardware and software. In addition, non-automotive companies such as Google and Apple are investing in autonomous vehicles by leveraging their expertise in communications. Hence, the increased focus on developing automotive night vision market is expected to increase in the coming years.
Continental AG, Delphi Technologies, and Robert Bosch are the leading vendors in the automotive night vision market.
The complete overview of the latest market research report on the automotive night vision systems market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and provides market sizing and forecast for major geographical regions and key countries.
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
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