The global automotive night vision system market will account for $3.345 billion in 2021 and is expected to reach $8.37 billion by 2030, growing at a CAGR of 11.1% from 2022 to 2030.

An automotive night vision system is a setup that uses a thermal imaging camera, a device that uses infrared light to create images. This enhances the driver's vision and determines the distance out of range of the vehicle, similar to a normal camera that uses visible light to create images. These systems are typically offered as special equipment on certain premium vehicles. This system is based on a night vision device (NVD). This generally means that the technologically improved optics operate in three modes: active illumination, image enhancement and thermal imaging. The automotive night vision system works with NVDs such as lidar, GPS, radar and infrared cameras to detect and identify objects. Automotive night vision systems are divided into two types: active night vision systems and passive night vision systems. The active night vision system uses an in-car generated infrared light source to illuminate the road with a light invisible to humans. Passive night vision systems do not make extensive use of infrared light sources. Instead, it uses the thermal radiation emitted by the thermography camera's object.

The adoption of ADAS (Advanced Driver Assistance Systems) is a major factor driving the growth of the industry. Moreover, autonomous and semi-autonomous vehicles will need to implement these systems to ensure safe driving, which is also expected to play a key role in influencing market growth. Therefore, the main factors driving the demand for ANVS are the increasing demand for luxury vehicles in developing markets, increasing consumer safety concerns, and the need for advanced technology to gain a competitive advantage. However, ANVS's upward price trend is one of its major challenges for the market growth. Also, poor functioning in fog and rain, short sensing/capture range of 150-200 meters may hamper the market growth.

Increasing number of night-time accidents is the main factor driving the growth of the global automotive night vision system market. Road traffic accidents are the leading cause of fatalities, making him the 10th leading cause of all deaths worldwide, according to the Department of Revenue organization. An estimated 1.2 million people die each year in road accidents and up to 50 million are injured. Moreover, according to WHO, despite improvements in road traffic and law enforcement, the accident rate he increased by 0.3% between 2000 and 2012. Road accidents are the ninth leading cause of death worldwide, with 17.7 he deaths per 100,000 people. Pedestrians, cyclists, motorcyclists and their passengers are responsible for more than half of road accidents.

Other factors driving demand for night vision goggles for the automotive industry include tightening 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 hit more than 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 bring many growth opportunities to the market in the coming years. 

Technology Type Insights

By Technology Type, the ANVS market is classified as far infrared (FIR) and near infrared (NIR). Far Infrared (FIR) currently holds the largest market share and is expected to continue growing steadily in the future. Night vision sensor systems are more commonly used in vehicles. In low light, the thermal image from the camera should improve driver perception. Various methods of using infrared sensors have been proposed in the literature to detect vehicles in far-infrared images. However, the main drawback of this system is the inability to display images at the right time so as not to distract the driver.

Display Type Insights

By Display Type, the market is segmented into navigation system and instrument cluster, HUD. These HU displays project night vision information directly onto the windshield to minimize distractions. A HUD provides a safer alternative to looking up information on a remote display. HUDs came into ANVS market because of the need to reduce the distraction caused by informational navigation displays. The introduction of HUDs in luxury cars will drive the use of HUDs in the market. Therefore, the HUD segment is projected to witness a high growth rate over the forecast period. A car's instrument cluster houses various displays and gauges that allow the driver to operate the vehicle. The instrument cluster segment currently holds the largest market share, but due to the above advantages, the HUD segment will overtake the instrument cluster with a higher CAGR.

Component Type Insights

By Component Type, the market is segmented into night vision camera and controlling unit, display unit and sensor. Technological developments in sensor technology play an important role in influencing the ANVS market. Sensors help detect objects such as bicycles, pedestrians, lanes, and road signs in low light. The sensor's ability to recognize different types of signs, increased sensitivity, and emergency braking will drive advancements in the industry. Therefore, while the display unit segment currently holds the largest market share, the sensor segment is expected to hold the largest market share and exhibit a higher CAGR during the forecast period.

Regional Insights

North America holds the most prominent position in the market owing to the increasing adoption of advanced driver assistance systems (ADAS) for automobiles and the growing concern of on road safety. North American market is a matured market for ANVS due to its high implementation through the ADAS system. The United States ranks first in this regional market due to the presence of technological giants. The Asia-pacific region is expected to exhibit the highest CAGR and lead the market during the forecast period in the automotive night safety vision market. The sector has been witnessing steady growth, driven by higher spending power among the middle-income class and declining production costs, which resulted from commoditization. China is a major manufacturer and one of the largest markets globally in the automotive sector. Mercedes delivered more than 70,000 vehicles in China in January 2019. Hence, the presence of numerous production facilities particularly in China and rise in the demand for luxury cars are major factors contributing towards industry growth.

Europe is expected to emerge as the fastest-growing region in the forthcoming years. The presence of luxury car brands and increasing technology adoption in the automobile industry in Europe will offer immense growth opportunities. In Germany, the demand for advanced safety systems i.e., ADAS has been continually increasing. The importance of night vision systems and automatic emergency braking systems have grown significantly, due to the growing number of vehicle accidents. The demand and large production for luxury vehicles are expected to boost the growth in the region.   

Key Companies Insights

Leading players in the automotive night vision system market are conducting research and development activities to analyse the global market and enhance their manufacturing activities. Key players are focusing on the development of new and innovative technologies such as smart key systems and advanced detection systems, which could indicate promising growth for the automotive night vision system market. Key players are involved in strategic collaborations including mergers, acquisitions and start-ups to expand their market reach. New product launches with additional features and advanced safety systems are likely to create multiple growth opportunities for the automotive night vision system market during the forecast period of 2021-2031. Some of the key players operating in the global automotive night vision sensors market include:

·         Audi AG

·         Autoliv Inc

·         Bendix Commercial Vehicles Systems

·         Continental AG

·         Daimler AG

·         Delphi Automotive Plc.

·         DENSO CORPORATION

·         FLIR Systems, Inc.

·         Omron Corporation

·         Robert Bosch GmbH

·         Other Players

Segments

By Technology Type

·         Far Infrared (FIR)

·         Near Infrared (NIR)

By Display Type

·         Navigation System

·         Instrument Cluster

·         HUD

By Component Type

·         Night Vision Camera

·         Controlling Unit

·         Sensors

·         Others

 By Geography

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   U.K.

o   Germany

o   France

o   Italy

o   Spain

o   Russia

·         Asia-Pacific

o   Japan

o   China

o   India

o   Australia

o   South Korea

o   ASEAN

·         Latin America

o   Brazil

o   Argentina

o   Colombia

·         MEA

o   South Africa

o   Saudi Arabia

o   UAE

o   Egypt