Adoption Of ADAS (Advanced Driver Assistance Systems) Is A Major Factor Driving The Growth Of The Automotive Night Vision Systems Market.
Automotive night vision systems use thermal imaging cameras to extend a driver's perception and viewing distance in darkness and bad weather beyond the range of the vehicle's headlights. The car's night vision system combines NVD such as infrared camera, GPS, Lidar & Radar to detect the objects. Moreover, automotive night vision systems are AI-powered onboard infrared cameras that enable edge computing. It detects traffic targets such as pedestrians or vehicles and provides early warning of potential collisions.
The adoption of ADAS (Advanced Driver Assistance Systems) is a major factor driving the growth of the automotive night vision systems market. Almost all vehicle accidents are caused by human error, which can be avoided with Advanced Driver Assistance Systems (ADAS). The role of ADAS is to reduce the number of motor vehicle accidents, reduce unavoidable serious consequences, and prevent casualties. Camera implementations in vehicles include new AI capabilities that use sensor fusion to identify and process objects. The sensor fusion uses image recognition software, ultrasonic sensors, LIDAR, and radar to combine large amounts of data. Such technology can physically react faster than a human driver. Hence, the growing demand for luxury vehicles in developing markets and increasing consumer safety concern globally drive the market growth.
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Other factors driving the demand for automotive night vision systems are strict road safety regulations and rising sales of luxury vehicles. For example, according to the Indian Brands Equity Foundation, the luxury car market is expected to reach over 8,500 units in 2021. Moreover, the emergence of self-driving technology and increasing technological advancements in automotive thermal imaging technology are some of the factors that are likely to offer the market many growth opportunities in the coming years. Furthermore, increasing number of night-time accidents drive the demand for automotive night vision system. Traffic accidents are the number one cause of death and the 10th leading cause of death worldwide, according to the Treasury Department Organization.
Some of the leading and top automotive night vision sensors companies in the global automotive night vision sensors market include Continental AG, Daimler AG, Delphi Automotive Plc., DENSO CORPORATION, Audi AG, Autoliv Inc, Bendix Commercial Vehicles Systems, FLIR Systems, Inc., Omron Corporation, and Robert Bosch GmbH, among others. Key players are focusing on developing new innovative technologies such as smart key systems and advanced detection systems, which may indicate a prominent growth for the automotive night vision system market.
On the basis of technology type, the worldwide automotive night vision sensors market can be segmented into far infrared (FIR) and near infrared (NIR). Far infrared (FIR) holds the largest market share and it provide reliable and accurate real-time detection in all environmental conditions. In terms of display type, global automotive night vision sensors market can be segmented into navigation system, instrument cluster, and HUD. The HUD segment is projected to witness a high growth rate over the forecast period. On the basis of component type, the market can be bifurcated into night vision camera, controlling unit, sensors, and others. The sensor segment holds the largest market share and is expected to exhibit a higher CAGR during the forecast period. In terms of geography, North America region held the leading market share among other regions such as Asia Pacific, Europe, Latin America, and Middle East & Africa in the global automotive night vision sensors market. North America holds the most prominent position in the market due to the increasing adoption of advanced driver assistance systems (ADAS) in automobiles and the increasing importance of road safety.
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