Automotive Night Vision System Market Analysis | 2022-2028

Market Insights

"The automotive night vision system market was estimated at USD 3.21 billion in 2021 and is likely to grow at a CAGR of 11.26% during 2022-2028 to reach USD 6.81 billion in 2028".

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Market Dynamics

Introduction

The automotive night vision system makes use of the thermographic camera to increase the perception of a driver and see distance in darkness low light or poor weather conditions beyond the reach of the vehicle’s headlights.

Market Drivers

Growing demand for luxury vehicles in Asia-Pacific, the 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.

Segments Analysis

By Product Type

"Active systems are estimated to witness significant growth in the market during the assessment period".

• The automotive night vision system market is segmented into 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 head-up display segment is estimated to register high growth in the market".

• The market is segmented into head-up display, instrument cluster, and navigation display.
• A head-up display is used to project the night vision information directly on the windshield making sure that there is a minimum distraction. The 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

"Sensors are estimated to account for the major share of the market during the assessment period".

• The market is segmented into night vision cameras, sensors, controlling units, 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% and is estimated to dominate the market during the assessment period".

• Asia-Pacific growing at a CAGR of more than 12.8% and 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.
• North America and Europe are also estimated to offer substantial growth opportunities in the market over the assessment period.

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key Players

The following are the key players in the Automotive Night Vision System Market (arranged alphabetically).

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

Note: The above list does not necessarily include all the top players in the market.

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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.

What Deliverables Will You Get in this Report?

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 a 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 Customization Options

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 to sales@stratviewresearch.com.