Automotive Night Vision System Market Analysis & Forecast | 2022-2028

Market Insights

The global automotive night vision system market is estimated to grow from USD 3.21 billion in 2021 to reach USD 6.81 billion by 2028 at an impressive CAGR of 11.26% during the forecast period.

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What is an automotive night vision system?

Automotive night vision system makes use of the thermographic camera for increasing the perception of a driver and seeing distance in darkness or low light or poor weather conditions beyond the reach of the vehicle’s headlights.

Market Dynamics

Growing demand for luxury vehicles in Asia-Pacific, emerging technology of autonomous driving, increase in awareness regarding road safety, and reduced price of sensors are some of the major factors fueling the growth of the market over the assessment period.

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Key Players

Some of the key players in the market are-

• Continental AG
• Delphi Technologies
• Denso Corporation
• Flir Systems
• Ford Motor Company
• Magna International
• Omnivision Technologies Inc.
• Omron Corporation
• Robert Bosch GmbH
• ZF Friedrichshafen.

Segments Analysis

By Product Type

The market is segmented as active systems and passive systems. Active systems are estimated to witness significant growth in the market during the assessment period on account of one of their key advantages; using an integrated infrared light source, which falls outside the spectrum that is visible, ensuring that the oncoming drivers do not suffer from temporary blindness or anything that causes harm to the eyes.   

By Display Type

The market is segmented as head-up display, instrument cluster, and navigation display. Head up display is used to project the night vision information directly on the windshield making sure that there is a minimum distraction. Head up display segment is estimated to register high growth in the market, owing to the requirement for minimizing distractions created by navigation displays to showcase information.

By Component Type

The market is segmented as night vision camera, sensors, controlling unit, and others. Sensors are estimated to account for the major share of the market during the assessment period. The segment’s growth is supported by the capabilities of sensors, such as the detection of different types of signs, higher sensitivity, and emergency braking, which will bolster the advancements in the industry.

Regional Analysis

Asia-Pacific growing at a CAGR of more than 12.8% & is estimated to dominate the market during the assessment period on account of the presence of a large number of production facilities, especially in China, along with the growing demand for luxury cars, fueling the growth of the regional market.

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North America and Europe are also estimated to offer substantial growth opportunities in the market over the assessment period.

Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The automotive night vision system market is segmented into the following categories:

By product type:

• Active Systems
• Passive Systems

By display type:

• Head up Display
• Instrument Cluster
• Navigation Display

By component type:

• Night Vision Camera
• Sensors
• Controlling Unit
• Others

By region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle and supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces and SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Segmentation

• Current segmentation of any one of the display types by component type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.