Automotive Night Vision System Global Market Report 2024

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 observed during the historic period in Automotive Night Vision Systems (ANVS) can be attributed to several factors. These include the implementation of stringent safety regulations and standards, increased consumer awareness and demand for enhanced safety features in vehicles, a rise in nighttime accidents prompting the need for improved visibility systems, the growing demand for ANVS particularly within the luxury vehicle segment, and the overall increase in traffic density and urbanization necessitating safer driving technologies.

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 anticipated growth in the forecast period for Automotive Night Vision Systems (ANVS) is expected to stem from several factors. These include global urbanization trends, an increasing transfer of military technology for civilian applications, rising concerns regarding pedestrian safety, the expansion of ANVS adoption into non-luxury vehicle segments, and integration with Advanced Driver Assistance Systems (ADAS). Major trends projected in this period encompass the integration of ANVS with autonomous vehicles, advancements in image processing algorithms to enhance system performance, the development of compact and cost-effective solutions for wider market accessibility, regulatory support promoting advanced safety systems, and growing consumer demand for enhanced safety features in vehicles.

The increasing demand for advanced in-vehicle safety features is set to drive the growth of the automotive night vision system (ANVS) market. This surge is attributed to growing safety concerns, regulatory mandates, and heightened consumer awareness of safety benefits. Notably, a report from June 2021 by the National Highway Traffic Safety Administration (NHTSA) revealed an 11% rise in night-time accidents from 2019 to 2020, emphasizing the need for enhanced safety systems such as ANVS.

The automotive night vision system market is expected to experience growth fueled by the escalating number of road accidents globally. As road safety remains a paramount concern, the integration of advanced safety technologies gains prominence. Automotive night vision systems, utilizing infrared technology to improve visibility in low-light conditions, emerge as a pivotal solution to prevent accidents, especially during nighttime driving. Recent estimates from May 2022 by the National Highway Traffic Safety Administration in the U.S. projected a 10.5% increase in traffic fatalities in 2021 compared to the previous year, underscoring the urgency for advanced safety measures.

In the automotive night vision system market, technological advancements stand out as a prominent trend. Key industry players are actively involved in developing innovative technologies to strengthen their market position. A notable example is Kyocera Corporation, a Japan-based electronics company, which, in November 2022, introduced an automotive night vision system featuring a single GaN laser device integrating white and near-infrared light diodes. This groundbreaking development enables precise identification of collision-risk objects in challenging driving conditions, such as low visibility during nighttime, rain, snow, fog, or smoke. Kyocera's system, leveraging RGB-NIR sensors and proprietary 'Image-Fusion AI Recognition Technology,' demonstrates a significant leap in object recognition precision compared to existing technologies.

Leading companies in the automotive night vision system market are strategically focusing on the development and introduction of technologically advanced products, specifically incorporating thermal sensing systems. These systems, utilizing infrared technology, excel in detecting and visualizing heat signatures, thereby enhancing driver visibility in low-light conditions. This technology proves instrumental in identifying objects, pedestrians, and potential hazards based on their thermal emissions. A noteworthy example is Veoneer, a Sweden-based automotive technology provider, which introduced an Advanced Driver-Assistance System (ADAS) in February 2021. This system incorporates a thermal sensing system enabled by an infrared camera, detecting temperature variations to create a detailed path picture for the vehicle. The camera, coupled with an Engine Control Unit (ECU), rapidly analyzes collected information, providing timely driver alerts and displaying images on an OLED dashboard screen.

In July 2021, Continental AG, a leading German manufacturing company, executed strategic initiatives by acquiring AEye's long-range, high-performance LiDAR technology. The undisclosed acquisition amount underscores the significance of this move, positioning Continental AG to capitalize on LiDAR technology and advance towards industrializing the sensor. The ultimate goal of this acquisition is to deliver an automotive-grade product that aligns with Continental AG's commitment to innovation in the automotive sector. AEye Inc., a U.S.-based automotive technology company specializing in the automotive night vision system market, is the acquired entity, bringing valuable expertise to this strategic partnership. This move reflects Continental AG's proactive approach to stay at the forefront of technological advancements in the automotive industry.

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..

Asia-Pacific was the largest region in the automotive night vision system market in 2023. The regions covered in the automotive night vision system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive night vision system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary components of an automotive night vision system include a night vision camera, sensors, a display unit, a controlling unit, and additional supplementary elements. The night vision camera functions by capturing images in low-light conditions, predominantly at night, using infrared light to illuminate the scene and provide visibility to the camera. It operates through the utilization of far-infrared (FIR) and near-infrared (NIR) technologies, and its output can be integrated into various vehicle systems such as the instrument cluster, navigation system, and head-up display (HUD). These ANVS technologies are employed by original equipment manufacturers (OEMs) and in the aftermarket sector.

The automotive night vision system market research report is one of a series of new reports that provides automotive night vision system market statistics, including automotive night vision system industry global market size, regional shares, competitors with an automotive night vision system market share, detailed automotive night vision system market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive night vision system industry. This automotive night vision system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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