The increasing demand and sale of SUVs is one of the main driver boosting the growth of the automotive night vision market in the APAC region
Arizton’s recent market research report on the global automotive night vision system market identifies Autoliv, Continental AG, Delphi Technologies, and Robert Bosch as the leading vendors that are likely to dominate the automotive night vision system market during the forecast period. This research report along with detailed competitive analysis provides a detailed analysis of market segmentation by product types (active night vision systems and passive night vision systems), by technology types (far infrared (FIR) and near-infrared (NIR)), by vehicle types (passenger cars and commercial vehicles), and geography (APAC, Europe, North America, Latin America, and MEA).
The global automotive night vision system market is expected to generate revenues of around $3 billion by 2024, growing at a CAGR of more than 15% during 2019−2024.
The report also offers market share analysis in terms of unit volumes produced during the forecast period. Europe and North America are the largest markets for automotive night vision systems, which accounted for large shares in 2018. The penetration of night vision systems is higher in luxury and premium passenger cars.
The global automotive night vision system market is divided into four major segments that consist of product, technology, vehicle, and geography.
The passive night vision systems segment dominated the global automotive night vision systems market
The passive night vision systems segment dominated the market with more than 80% share in terms of revenue. The growing demand for ADAS systems is highly influencing the segment. Automotive passive night vision systems use thermographic cameras to detect objects. This night vision camera works on the principle of thermal radiation detection, which helps them to differentiate between living and non-living objects. An ECU then processes the data captured from the thermal night vision camera for quality improvement and then presented as black and white images, which provide the driver a clear view of the road. Passive night vision systems offer a higher detection range than active systems, which use limited light sources. BMW tested their night vision camera, which enables the driver to have increased night visibility, improved visibility in rain and fog, efficient object detection at night.
The NIR segment is expected to have incremental market share in the global automotive night vision systems market during the forecast period.
The NIR segment’s growth is largely fueled by the adoption of infrared illumination and stringent safety norms by governments worldwide. Night vision systems help to increase the visibility at night by expanding the range of sight for drivers. Most accidents recorded during nights occur due to the inability of the driver to react fast when the pedestrian or an animal is spotted. NIR systems are used to detect radiations as well as reflected illuminations emitted or reflected by objects. This is then processed and displayed, thereby giving ample time to the driver to respond. The average detection using NIR systems was 35m for older drivers and 42m for younger drivers. The growing demand for safe driving and rapid developments in the ADAS technology will have a positive influence on the global automotive night vision system market.
APAC to grow at an impressive CAGR during the forecast period
The automotive night vision system market in APAC is driven by the increasing demand for safety systems, the rapid growth of luxury vehicles, and the growing popularity of autonomous driving. The increasing demand and sale of SUVs was the main driver for a strong performance in the APAC region. The availability of cheap labor and the abundance of resources have made the region a manufacturing hub of the world. Further, the automotive industry in India is growing at a rapid pace and is expected to overtake Germany during the forecast period.
The OEMs in China are equipping their vehicles with advanced safety systems such as electronic stability control (ESC), adaptive cruise control (ACC), tire-pressure monitoring systems (TPMSs), night vision systems (NVS), and active steering systems (ASS). The rising adoption of safety systems would have a positive impact on an automotive night vision system market during the forecast period. BMW Brilliance Automotive is offering wireless cellphone connection, Apple CarPlay, and Android Auto as standard fitments on its latest BMW X3 sports utility.
Aisin Seiki, Denso Corp., First Sensor, FLIR, Garmin, Ibeo Automotive Systems, Innoviz Technologies, LeddarTech, Magna International, Mobileye (Intel), OMRON Corp., OSRAM, Phantom Intelligence, Princeton Lightwave (Argo AI), Shenzhen Protruly Electronics, TriLumina, Quanergy Systems, Valeo, Velodyne LIDAR, Visteon Corporation, XenomatiX, and ZF are the other prominent vendors in the global automotive night vision system market.
The growing popularity of connected cars, the increasing use of advanced sensors in vehicles, and the rising popularity of autonomous vehicles are the major trends of the global automotive night vision system market. The complete overview of the latest market research report on the global automotive night vision system market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides the market size 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.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
+1 302 469 0707
Jun 25, 2021
What are the Factors Impacting the Growth of the Global Smart Coatings Market?
Sherwin-Williams, AkzoNobel, PPG Industries, 3M, and Axalta Coating Systems are the major players an...
Jun 25, 2021
Is Cloud Based Service the Big Thing in the Data Center Market in US?
South East is the developed data center market in US. Recently, more than 35 data centers were devel...
Jun 24, 2021
Digital Health Technologies are on the Rise During the COVID-19 Pandemic – Arizton
The search volume for COVID-19 related healthcare products has increased by 200% during the pandemic...