GLOBAL AUTOMOTIVE NIGHT VISION SYSTEMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global automotive night vision systems market is estimated to be valued at USD 3.82 Bn in 2024, growing at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031.

Automotive night vision systems are gaining popularity due to increasing pressure on automakers to incorporate advanced driver assistance systems that enhance safety. Night vision systems use infrared cameras and sensors to detect objects that are not visible to the human eye at night time or in conditions with low visibility. These display the infrared image on a screen within the vehicle to provide warning of potential collisions. The technology enables drivers to identify and react to potential hazards earlier than with normal headlights. Night vision systems improve road safety especially on unlit roads and highways frequented by wildlife. With continuous technological advancements, night vision is becoming more affordable and its adoption is expected to grow in the near future.

Market Dynamics:

Global automotive night vision systems market is witnessing strong growth due to rising demand for advanced driver assistance systems that can prevent accidents, especially at night. Stringent vehicle safety regulations requiring vehicles to have collision avoidance features boosts demand for night vision systems. However, high cost of these systems compared to traditional headlights remains a key challenge for their widespread adoption. OEM fitments still account for a low share of total vehicle production globally. Nevertheless, falling prices of infrared cameras and sensors due to mass production provides opportunities for market expansion. Furthermore, the integration of night vision with autonomous driving technologies can make these systems a standard offering in premium vehicles in the long term.

Key features of the study:

• This report provides in-depth analysis of the global automotive night vision systems market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global automotive night vision systems market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Bosch, Delphi, Valeo, Visteon, Omron, Guide Infrared, Melexis, OmniVision Technologies, Kollsman, HELLA GmbH & Co. KGaA, Autoliv Inc., DENSO CORPORATION., Teledyne FLIR LLC, Continental AG, Magna International Inc, ZF Friedrichshafen AG, and Panasonic Corporation.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global automotive night vision systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive night vision systems market.

Market Segmentation

• By Technology
  • Far Infrared (FIR)
  • Near Infrared (NIR)
• By Component
  • Camera
  • Sensors
  • Display Units
  • Control Units
  • Others
• By Vehicle Type
  • Passenger Vehicle
  • Commercial Vehicle
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Key Players
  • Bosch
  • Delphi
  • Visteon
  • Valeo
  • Guide Infrared
  • Omron
  • Melexis
  • OmniVision Technologies
  • Kollsman
  • HELLA GmbH & Co. KGaA
  • Autoliv Inc.
  • DENSO CORPORATION.
  • Teledyne FLIR LLC
  • Continental AG
  • Magna International Inc
  • ZF Friedrichshafen AG
  • Panasonic Corporation