Automotive Night Vision System Market Size worth $4.5bn by 2025

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Automotive Night Vision System Market to surpass
4.5 Bn by 2025 Global Market Insights Inc.
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Industry Overview

• Automotive Night Vision System Market USD 4.5
  billion by 2025 according to a new research
  report by Global Market Insights, Inc. The
  worldwide industry unit shipments are expected to
  grow at CAGR of over 17 by 2019 to 2025. The
  automotive night vision system market has
  witnessed lucrative growth owing to the need for
  vehicle safety features and minimizing accidents
  occurring particularly due to low light
  conditions.
• The automotive night vision system market
  comprises passive and active systems. Active
  night vision system is growing at a CAGR of over
  17 over the forecast period. These systems make
  use of the integrated infrared light source for
  visibility in the dark. The major automotive
  manufacturers offering active night vision
  systems are Mercedes-Benz, Toyotas Lexus, and
  others
• The automotive night vision system market has
  emerged for improving the visibility of drivers
  in varied conditions such as darkness and poor
  weather. Safety of pedestrians and animals has
  become an important concern particularly in the
  night with nearly 50 of the accidents taking
  place at night according to the European
  Commission.

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• Night vision camera, controllers, and sensors are
  major components in night vision systems. Thermal
  night vision cameras are largely used in the
  automotive night vision system market. BMW has
  implemented such cameras in its car models
  consisting of thermal imaging sensor and heated
  optical element. The sensors are made up of
  several sensor elements, which generate an
  electrical signal through heat radiations.
  Companies, such as Flir, are introducing night
  vision cameras capable of showing the information
  up to four times farther than the headlight
  range.
• The North American and European countries are
  adopting new technologies in automotive such as
  connected cars, IoT, and autonomous vehicles. The
  computer vision or machine vision technologies
  have boosted developments in object detection.
  Moreover, developed countries have a higher
  demand for luxury cars. Audi recorded 7.8 growth
  in sales of cars in the U.S. in 2017. The
  autonomous vehicle trends will also be an
  important area of application in the automotive
  night vision system market. These vehicles will
  require sophisticated night vision systems to
  ensure a safe road drive.
• The automotive night vision system market can
  face some challenges, which can hinder its
  growth. Costs will be a key concern for
  implementing these systems in the economy cars or
  mid-range cars. Currently, luxury cars will
  contribute to a higher share in the market.

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Germany automotive night vision system market
size, by display, 2018 2025 (USD Million)

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Industry Coverage

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• Autoliv Inc., Denso Corporation, Delphi
  Technologies, and Robert Bosch GmbH are among the
  major companies in the automotive night vision
  system market. The companies are inclined toward
  developing vehicle-specific systems directly by
  partnering with automotive manufacturers.
• The automotive night vision systems industry
  mainly emerged with the need for improving
  vehicle safety in low-light situations. These
  systems found their way in automobiles after
  General Motors started offering thermal night
  vision systems implemented in Cadillac series of
  vehicles in 2000. Other automakers, such as
  Mercedes-Benz, Toyota Lexus, and BMW, started to
  adopt night vision systems in their car models.
• The market saw a significant boost with the
  advancements in sensor technologies. Companies
  have been offering systems with different
  displays such as center stack and head-up
  display. Increase in premium car buyers and steps
  toward increasing road safety.

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