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Home»Markets»Global automotive night vision system market to exceed USD 9,138.4 million by 2032: Astute Analytica
Markets

Global automotive night vision system market to exceed USD 9,138.4 million by 2032: Astute Analytica

prosperplanetpulse.comBy prosperplanetpulse.comApril 24, 2024No Comments9 Mins Read0 Views
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AstuteAnalytica India Pvt. Ltd.AstuteAnalytica India Pvt. Ltd.

AstuteAnalytica India Pvt. Ltd.

The automotive night vision system (NVS) market is growing due to safety concerns, ADAS integration, and demand from the luxury sector. North America is leading the way, but the Asia-Pacific market is challenged by cost considerations and various regulations. FIR technology stands out for its superior object detection capabilities.

New Delhi, April 24, 2024 (Globe Newswire) — The global automotive night vision systems market will grow at a CAGR of 7.7% from USD 4,687.4 million in 2023 to be valued at 91% by 2032. It is expected to reach USD 38.4 million. The forecast period is from 2024 to 2032.

The growing popularity of luxury cars, focus on enhancing road safety, and widespread integration of advanced driver assistance systems (ADAS) are significantly expanding the automotive night vision systems market. In 2023, more than 183,000 vehicles will be sold worldwide, and by 2029 it is expected to exceed 200,000 vehicles. Night vision technology provides important benefits in low-visibility situations, allowing drivers to more clearly detect pedestrians, animals, and obstacles. . This market is expected to grow significantly, driven by the passenger car segment.

Download Free Sample Report @ https://www.astuteanalytica.com/request-sample/automotive-night-vision-system-market

Far-infrared (FIR) currently dominates the technology world and is expected to maintain its leading position in 2023 with an estimated 62.2% market share. The camera sector also plays an important role and is predicted to hold a 36.1% share in 2023. Innovations such as Kyocera’s laser headlights that emit both white light and near-infrared light further increase the accuracy of night vision systems. Furthermore, the sensor segment is the fastest growing component type at a CAGR of 9.29%.

The high cost of automotive night vision systems can be a challenge, but technological advances and economies of scale are expected to reduce these costs over time, further widening their adoption. . Additionally, the rise of autonomous driving technology provides new significant opportunities for market growth. The automotive night vision system market is highly competitive. Major companies such as FLIR Systems Inc., DENSO Corporation, Audi AG, Daimler AG, and Autoliv Inc. hold significant market shares. Companies are continually innovating and launching new models that incorporate advanced night vision features.

Key findings in the global automotive night vision system market

Market forecast (2032)

9,138.4 million USD

CAGR (2024-2032)

7.7%

Largest region (2023)

North America (38.6%)

By component type

Thermal imaging camera (36.1%)

By product

Passive system (71.0%)

By technology type

Far-infrared technology (62.1%)

By display type

Instrument cluster (46.5%)

top trends

  • Integration of NVS and advanced driver assistance systems (ADAS)

  • Increased use of far-infrared (FIR) technology to enhance detection

  • Developing more affordable NVS systems for mainstream vehicles

top driver

  • Growing interest in traffic safety and accident prevention

  • Growing demand for luxury cars with advanced features

  • Government regulations mandating vehicle safety technology

biggest challenge

  • High cost of night vision system

  • Limitation of detection range during bad weather

  • Lack of consumer awareness in some markets

Thermal imaging cameras: Achieving safe driving and market expansion with over 36% revenue share

Thermal imaging cameras in the automotive night vision system market increase visibility in low-light conditions and identify objects on the road by detecting heat signatures. Thermal cameras can detect pedestrians, animals and other obstacles up to four times further than traditional headlights, improving driver awareness and safety. The use of thermal imaging technology in vehicle night vision systems has been shown to reduce nighttime accidents by 35%, highlighting its effectiveness in preventing collisions.

Thermal imaging-based night vision systems (NVS) offer distinct technological advantages. These provide high-resolution images for superior object recognition, which is important in critical driving situations. Unlike traditional cameras, thermal imaging cameras rely on heat signatures, so they work effectively in complete darkness, fog, and even bright sun glare. These systems operate seamlessly under all weather conditions, improving safety and extending driving time. The integration of NVS and advanced driver assistance systems (ADAS) is a key driver of market growth. Thermal cameras further enhance driver safety in the automotive night vision system market by enhancing technologies such as automatic emergency braking (AEB) to detect potential hazards early.

The far infrared (FIR) segment dominates the market due to its advanced object detection capabilities. Major companies such as Autoliv, Bosch, Continental, and FLIR Systems hold significant market share and revenue. NVS technology addresses the alarmingly high rate of nighttime traffic accidents. Thermal imaging significantly increases the safety of night driving by detecting pedestrians and obstacles in dark or no-light conditions. These cameras can detect and classify pedestrians on the road up to four times further away than typical headlight illumination.

Although high costs can be a challenge, technological advancements and economies of scale are expected to drive down prices and make NVS more accessible. North America, Europe, and Asia Pacific are the major regional markets, with China showing the highest growth potential. As the technology matures and becomes more affordable, thermal imaging systems may become a standard feature in future vehicles.
FIR’s large profit potential in automotive night vision exceeds 62% of market revenue

Far-infrared (FIR) technology plays a key role in the advanced automotive night vision systems market. The ability to passively detect thermal radiation emitted by objects improves driver awareness and safety, especially when identifying pedestrians, animals, and other obstacles on the road at night. Due to their long wavelength, FIR systems are better in adverse weather conditions such as fog and offer a long detection range, typically around 300 meters. This makes FIR an excellent option for early detection of potential hazards. FIR-based night vision systems are often integrated with other technologies to provide comprehensive safety features. Image processing algorithms analyze thermal images to classify and track obstacles, a head-up display minimizes driver distraction, and audio alerts alert drivers to hazards detected by her FIR cameras. The result is a powerful tool that significantly improves night driving safety.

The market power of FIR technology in the NVS field underlines its effectiveness. In 2022, the FIR segment captured a market share of 62.2%, and this figure is likely to increase further due to its proven advantages in reliably detecting pedestrians and animals. Beyond automotive applications, FIR technology is being studied for potential medical applications. Examples include studies using his FIR emitters, such as the WS TY-301R and WS TY-101N, in which controlled FIR exposure impacts cell proliferation and improves symptoms such as allergic rhinitis. This suggests that it may lead to treatment.

Inquire before purchase @ https://www.astuteanalytica.com/inquire-before-purchase/automotive-night-vision-system-market

North America leads the automotive night vision systems market; Asia-Pacific is the largest automotive market, contributing over 38.6% of market revenue

Focus on vehicle safety features is a key driver of the night vision system (NVS) market, with North America leading the way due to its emphasis on safety standards. Stricter regulations and safety requirements mandate the installation of advanced systems such as NVS in vehicles, driving significant market growth within the region. Seamless integration of ADAS technologies, including NVS, plays a key role in our dominant position in the North American market. Additionally, efforts towards higher levels of automation (Levels 4 and 5) will require the use of NVS and in-vehicle cameras, further propelling the market forward.

The strong performance of the luxury vehicle market in the North American automotive night vision systems market also contributes to the region’s leadership. Manufacturers such as Mercedes-Benz, Lexus, and Cadillac often include his NVS as a standard or optional feature on their high-end models. Increased sales of luxury cars equipped with NVS will increase overall demand for these systems. Key market players such as Autoliv Inc., Bosch GmbH, and Continental AG have a strong presence in North America, driving innovation and maintaining market share through strategic initiatives such as research and development, mergers, and acquisitions.

Economic factors and consumer behavior also play a big role. North American consumers often have higher disposable income and purchasing power, which allows them to invest in vehicles equipped with advanced safety technologies such as NVS. Their willingness to prioritize safety and premium features has contributed to the high NVS adoption rate within the region.

On the other hand, the widespread adoption of the automotive night vision systems market in Asia Pacific is restricted by several factors. Despite holding the title of the world’s largest automotive market, price sensitivity remains a major concern. Many consumers prioritize affordability and may choose vehicles that lack advanced features such as NVS. Emerging markets in Asia Pacific often focus on basic safety features such as airbags and anti-lock brakes over high-end technology such as night vision systems. Additionally, limited consumer awareness of the benefits of NVS in some regions may hinder adoption. Additionally, different road infrastructure, lighting conditions, and regulatory differences across countries in the Asia-Pacific region all impact the perceived value and feasibility of implementation of night vision systems.

Key Players in the Global Automotive Night Vision Systems Market

Main segmentation:

By component type

By product

By technology type

  • Far infrared (FIR)

  • Near infrared (NIR)

By display type

  • navigation system

  • instrument cluster

  • HUD

By region

Learn more about our methodology @ https://www.astuteanalytica.com/request-methodology/automotive-night-vision-system-market

About Astute Analytica

Astute Analytica is a global analytics and advisory firm that has built a solid reputation in a short period of time thanks to the tangible results it delivers to its clients. We pride ourselves on producing unparalleled, detailed and incredibly accurate estimates and forecasts for our most demanding clients across a variety of industries. We have a long list of satisfied repeat customers in a wide range of sectors including technology, healthcare, chemicals, semiconductors, FMCG, and more. These happy customers come to us from all over the world. We help them navigate complex business environments, segment-specific existing and new Because we analyze the potential, technological formations, growth forecasts, and even the strategic options available. In short, it’s the complete package. All of this is possible because we have a team of highly qualified, talented and experienced professionals made up of business analysts, economists, consultants and technology experts. You, the customer, are at the top of our priority list. When you contract with us, you can be sure that we will provide you with a cost-effective and value-added package.

inquiry:
Vipin Singh
Phone: +1-888 429 6757 (US toll-free); +91-0120- 4483891 (rest of the world)
Email: sales@astuteanalytica.com
Website: https://www.astuteanalytica.com/

CONTACT: Vipin Singh Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) Email: sales@astuteanalytica.com Website:  https://www.astuteanalytica.com/



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