Automotive Night Vision System Market Size worth $4.5bn by 2025 - PowerPoint PPT Presentation

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

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More Information @ Automotive Night Vision System Market size is set to reach 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. – PowerPoint PPT presentation

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


1
Automotive Night Vision System Market to surpass
4.5 Bn by 2025 Global Market Insights Inc.
2
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.

3
Continue
  • 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.

4

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5
Germany automotive night vision system market
size, by display, 2018 2025 (USD Million)

6
Industry Coverage

7
Continue
  • 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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