Global Automotive Night Vision System Market Size, Share & Trends Report by Product (Active Systems & Passive Systems), by Display (Head-up Display, Instrument Cluster and Navigation Display), and by Component (Night Vision Camera, Sensors, and Controlling Unit) Forecast (2022-2028)
The global automotive night visions system is anticipated to grow at a significant CAGR of 10.8% during the forecast period (2022-2028). The rising road traffic accidents are enabling the need for installing automotive night-vision systems to ensure passenger safety which in turn is driving global automotive night vision system market. For instance, as per the data published by WHO in 2021, road traffic injuries are the leading cause of mortalities in children and young adults aged 5-29 years and about 73.0% of all road traffic injuries occur among young males under the age of 25 years. Approximately 1.3 million mortalities occur annually as a result of road traffic crashes. More than 90.0% of the world’s fatalities on the roads occur in low – and middle-income countries. Moreover, an estimated 20 million – 50 million people suffer from non-fatal injuries, with many incurring a disability as a result of their injury.
Looking towards the demand for automotive night vision systems, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in September 2021, PlusAI Inc. collaborated with Teledyne FLIR LLC on a development project to explore the addition of thermal cameras to the sensor stack with Plus’s four-level autonomous driving technology. The Plus’s thermal cameras assist heavy trucks to traverse the country in low visibility and high contrast conditions. These conditions include nighttime shadows, direct headlight glare, and the presence of fog /smog due to environmental conditions. These cameras also possess the potential to detect pedestrians at distances up to 250 meters.
Further, in August 2021, Daimler unveiled the 2021 Mercedes Benz S-Class equipped with Night View Assist Plus. The night view assists plus is an infrared camera that enables drivers to detect pedestrians or larger animals sooner in the dark. The system can automatically focus its headlights on nearby pedestrians and detect cold objects. This feature is available optionally for S 650. Thus, such launches are anticipated to drive the growth of the global automotive night vision system market during the forecast period.
Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Product
By Display
By Component’
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-
Autoliv Inc., Denso Corp., and Robert Bosch GmbH among others
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Automotive Night Vision System Market Report by Segment
By Product
Active Systems
Passive Systems
By Display
Head–up Display
Instrument Cluster
Navigation Display
By Component
Night Vision Camera
Sensors
Controlling Unit
The report will be delivered within 48-72 hours after payment confirmation