Enhancing Road Safety: Delving into the Dynamics of the Automotive Night Vision System Market

The automotive night vision system market size has grown rapidly in recent years. It will grow from $3.45 billion in 2023 to $3.9 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to safety regulations and standards, consumer awareness and demand for safety, rising incidence of nighttime accidents, luxury vehicle segment demand, increased traffic and urbanization..

The automotive night vision system market size is expected to see rapid growth in the next few years. It will grow to $6.19 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to global urbanization trends, growing military technology transfer, growing concerns about pedestrian safety, expansion into non-luxury vehicle segments, integration with advanced driver assistance systems (adas).. Major trends in the forecast period include integration with autonomous vehicles, advancements in image processing algorithms, compact and cost-effective solutions, regulatory support for advanced safety systems, consumer demand for enhanced safety features..

Market Overview -
Automotive Night Vision System (ANVS) is a device to improve a vehicle's visibility and safety in low-light or night-time driving conditions using a thermographic camera, sensor system when vision is obstructed by darkness, smoke, or fog. These systems include collision avoidance and audio or visual alert systems. The system can identify pedestrians, animals, and other perils the driver might have overlooked.

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Rising Demand For Advanced In-Vehicle Safety Boost The Automotive Night Vision System Market
The rising demand for advanced in-vehicle safety is expected to boost the automotive night vision system market going forward. Advanced In-Vehicle Safety refers to the advanced technologies and systems designed to enhance the safety of passengers and drivers in vehicles. The demand is rising due to increasing safety concerns, regulatory requirements, and consumer demand. Consumers are becoming more aware of the benefits of advanced safety features such as the automotive night vision system (ANVS). For instance, in June 2021, according to Traffic safety facts reports published by National Highway Traffic Safety Administration (NHTSA) showed an increase in night-time accidents by 11%, from 18,586 in 2019 to 20,684 in 2020. Therefore, the rising demand for advanced in-vehicle safety is driving the growth of automotive night vision systems for the market.

Competitive Landscape -
Major companies operating in the automotive night vision system market report are Continental AG, Delphi Technologies plc, Denso Corporation, Teledyne FLIR LLC, Ford Motor Company, Magna International Inc., Omnivision Technologies Inc., Omron Corporation, Robert Bosch GmbH, Autolive Inc., Valeo SA, Audi AG, Bendix Commercial Vehicle System LLC, Daimler AG, Hella KGaA Hueck & Co., L3 Technologies Inc., Aisin Seiki Co. Ltd., Melexis NV, Protruly Electronics Co. Ltd., Sirica Corporation, Mobileye Global Inc., Veoneer Inc., FLIR Systems Inc., Shenzhen Protruly Electronics Co. Ltd., OSRAM Licht AG, Visteon Corporation, Toyota Motor Corporation, Cadillac Motor Car Division of General Motors Company, BMW AG, Honda Motor Co., TRW Automotive Holdings Corp., General Motors Company, Stellantis N.V., Régie Nationale des Usines Renault, Volkswagen AG, Volvo Car Corp. .

Development Of Night Vision System With White And Near-Infrared Light Diodes
Technological advancements are a key trend gaining popularity in the automotive night vision system market. Major companies operating automotive night vision systems are focused on developing new technologies to reinforce their position in the market. For instance, in November 2022, Kyocera Corporation, a Japan-based electronics company, developed and launched an automotive night vision system with white and near-infrared light diodes integrated into a single GaN laser device that can accurately identify collision-risk objects in low-visibility driving conditions, such as at night or in the rain, snow, fog, or smoke. It is the first headlight to emit both white (RGB) and near-infrared (NIR) light on the same optical axis, allowing for greater object recognition precision than other technologies. The system incorporates RGB-NIR sensors in addition to Kyocera's proprietary "Image-Fusion AI Recognition Technology" for high-performance object identification.

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Key Segments -

The automotive night vision system market covered in this report is segmented -

1) By Component Type: Night Vision Camera, Sensor, Display Unit, Controlling Unit, Other Components
2) By Technology: Far Infrared (FIR), Near-Infrared (NIR)
3) By Display Type: Instrument Cluster, Navigation System, Heads-Up Display (HUD)
4) By Application: Original Equipment Manufacturers (OEMs), Aftermarket

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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