Automotive Night Vision System Market Size (2024 - 2029)

The automotive night vision system market is poised for significant growth, driven by increasing public awareness of road safety and the rising sales of luxury vehicles. Despite the initial setbacks caused by the Covid-19 pandemic, which led to reduced vehicle sales and limited aftermarket activity, the market is expected to recover as vehicle sales rebound and safety awareness expands. The market's expansion is further supported by the automotive industry's shift towards advanced technologies to meet stringent safety regulations. While currently predominant in luxury cars, night vision systems are anticipated to penetrate the mid-car segment soon, although high costs remain a challenge. Europe leads in market size, while the Asia-Pacific region is expected to experience substantial growth due to the presence of numerous automotive manufacturers.

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Market Size of Automotive Night Vision System Industry

Automotive Night Vision System Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 11.00 %
Fastest Growing Market Asia-Pacific
Largest Market Europe
Market Concentration High

Major Players

Automotive Night Vision System Market Major Players

*Disclaimer: Major Players sorted in no particular order

Automotive Night Vision System Market Analysis

The Automotive night vision system market was valued at USD 3.33 Billion in 2021 and is expected to grow to USD 6.23 Billion by 2027, registering a CAGR of over 11% during the forecast period (2022-2027).

The Covid-19 pandemic had a negative impact on the market. With low vehicle sales reported In 2020, the significant market potential for night vision systems was shallow. Also, with significantly less or almost zero vehicular movements, the aftermarket sector of the industry did not register many sales. However, with the expected increase in sales of passenger vehicles and increased awareness of safety in both passenger and commercial vehicles, the market is looking forward to reviving and growing economically back to pre-covid conditions.

Over the medium-term growing public awareness of road safety, increased sales of luxury cars, and the inclination of automobile manufacturers to develop more advanced technologies to prevent accidents (due to the enactment of stringent regulations by governments and safety organizations) are likely to support demand in the market.

Though night vision systems (NVSs) are currently available only for luxury cars, they are expected to be available in the mass mid-car segments by the end of 2023. However, the high prices of night vision systems pose a significant threat, as the technologies used in systems, like sensors and display units, are expensive.

Europe is the largest Automotive Night Vision System Market Despite the Chinese market experiencing sluggish growth, the world's largest automobile market. On the other hand, Asia-Pacific is expected to grow significantly attributed to the proliferation of automotive & automotive component manufacturers in APAC countries, including China, India, and Japan.

Automotive Night Vision System Industry Segmentation

An automotive night vision system uses a thermographic camera to increase a driver's perception and see the distance in darkness or poor weather beyond the reach of the vehicle's headlights. The report also covers the market size and forecast for the automotive night vision system market across the regions mentioned.

The Automotive night vision system market has been segmented by technology, display, component, and geography. The market has been segmented by technology type into far infrared (FIR) and near-infrared (NIR). The market has been segmented by display type into navigation systems, instrument clusters, and HUD.

The market has been segmented by component type into night vision cameras, a controlling units, display units, sensors, and other components. By geography, the market has been segmented into North America, Europe, Asia-pacific, and the rest of the world. For each segment, the market sizing and forecast have been done on the basis of value (USD billion).

Technology Type
Far Infrared (FIR)
Near Infrared (NIR)
Display Type
Navigation System
Instrument Cluster
HUD
Component Type
Night Vision Camera
Controlling Unit
Display Unit
Sensor
Other Components
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle-East and Africa
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Automotive Night Vision System Market Size Summary

The automotive night vision system market is poised for significant growth, driven by increasing public awareness of road safety and the rising demand for luxury vehicles equipped with advanced safety features. The market, which experienced a downturn due to the Covid-19 pandemic, is expected to recover as vehicle sales rise and safety awareness grows. The development of more sophisticated technologies by automobile manufacturers, spurred by stringent government regulations, is further supporting market expansion. While night vision systems are currently limited to luxury cars, there is a trend towards their availability in mid-range vehicles, although high costs remain a challenge due to the expensive sensors and display units involved.

Regionally, Europe leads the market, with Asia-Pacific expected to witness substantial growth due to the presence of numerous automotive manufacturers in countries like China, India, and Japan. The Chinese market, in particular, is experiencing a surge in demand for luxury vehicles, which significantly contributes to the night vision system market. The market is characterized by a high level of consolidation, with major players such as DENSO Corporation, Valeo, and Daimler AG actively engaging in new product developments and strategic partnerships to maintain a competitive edge. Innovations like FLIR Systems' thermal imaging datasets and Hanwha Systems' development of 3D fusion cameras highlight the ongoing advancements in night vision technology, aiming to enhance safety and driver assistance systems in vehicles.

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Automotive Night Vision System Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size in Value - USD billion)

    1. 2.1 Technology Type

      1. 2.1.1 Far Infrared (FIR)

      2. 2.1.2 Near Infrared (NIR)

    2. 2.2 Display Type

      1. 2.2.1 Navigation System

      2. 2.2.2 Instrument Cluster

      3. 2.2.3 HUD

    3. 2.3 Component Type

      1. 2.3.1 Night Vision Camera

      2. 2.3.2 Controlling Unit

      3. 2.3.3 Display Unit

      4. 2.3.4 Sensor

      5. 2.3.5 Other Components

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 South Korea

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 Rest of the World

        1. 2.4.4.1 South America

        2. 2.4.4.2 Middle-East and Africa

Automotive Night Vision System Market Size FAQs

The Automotive Night Vision System Market is projected to register a CAGR of greater than 11% during the forecast period (2024-2029)

FLIR Systems Inc., DENSO Corporation, Audi AG, Daimler AG and Autoliv Inc. are the major companies operating in the Automotive Night Vision System Market.

Automotive Night Vision System Report Snapshots

Automotive Night Vision System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)