Auto Night Vision System Market is Expected to Register a High CAGR During the Forecast Period
Increasing
technological development and rising safety concerns are expected to drive the demand for
Global Auto Night Vision System Market.
According to TechSci Research report, “Auto
Night Vision System Market- Global Industry Size, Share, Trends, Competition,
Opportunity, and Forecast, 2018-2028,” the Global Auto Night Vision System Market is anticipated to grow during the projected
period owing to growing technological innovation and rising safety concerns. In
order to improve driver vision and see the distance in the dark or inclement
weather beyond the range of the vehicle's headlights, an auto night vision
system uses a thermographic camera.
The market for
auto night vision systems has been divided into system, display, component, region
and competitive landscape. The market has been classified into active and
passive systems based on system. Based on display the market is segmented into
instrument cluster, head-up display, and navigation display. t. The market has
been further split into night vision camera, controlling unit, sensors, and
others by component.
Based
on system, passive system accounted for the largest revenue share. The passive
systems use technologies to detect thermal radiation emitted by people,
animals, and other objects on the road, while the active systems use infrared
light sources to illuminate objects at a considerable distance in front of
them. Although, the images are not as sharp, passive night vision can now be
used up to 1,000 feet away. In the system segment, the passive segment held a
sizable amount of market share. The majority of vehicles with night vision are
equipped with passive sensors, which are better at monitoring heat without
additional lighting. Passive vision has the drawback of being unreliable in
temperatures above 98 degrees. Thermal radiation is identified in these systems
using thermographic cameras.
Based
on display, the instrument cluster segment is expected to hold the largest share
in terms of revenue over the forecast period. Among displays, the segment of
the instrument cluster is likely to attain a substantial market share in the
projected years. An instrument cluster is a control panel located in the centre
console of a car or small plane. It displays instrumentation and controls for
the vehicle's operation and is usually located directly ahead of the driver (or
pilot). On the other hand, the head-up display segment is expected to gain a
significant push in the coming years. Head-up displays (HUDs) show vehicle data
symbols on a transparent combiner glass while allowing drivers to see out the
window.
North
America, Europe, South America, Asia Pacific, the Middle East, and Africa are
the regions that make up the market. The Asia Pacific is the largest market for
auto night vision systems worldwide. Due to the presence of some of the world's
fastest-growing economies, including China and India, the Asia Pacific region
currently dominates the market for auto night vision systems. The market is
expanding due to the region's increasing demand for luxury cars and large
commercial trucks. Due to China's prominence as a global leader in the
automotive industry, the market is expanding. Along with this, the region is
home to important market players, which contributes to the expansion of the Global
auto night vision system market.
In
August 2021, Daimler introduced the Night View Assist Plus in its Mercedes-Benz
S-Class models. Night View Assist Plus is a night vision system that uses IR
technology with camera to generate a clear outlook of the road while driving at
dark. Although this system automatically focuses its headlights on nearby
pedestrians, and it can also detect cold objects.
To
enhance night safety, Valeo unveiled its Picture Beam Monolithic technology in
December 2019. It is the first high-definition LED intelligent lighting
solution. Picture Beam Monolithic technology, which can project about 4,000
pixels onto the road from a single lighting module, creates a broad beam of
light for an ideal field of vision and provides the best anti-glare function
currently available.
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Key
market players in the Global Auto Night Vision System Market include:
- Robert Bosch GmbH
- DENSO Corporation
- Daimler AG
- Autoliv Inc.
- Visteon Corporation
- Magna International Inc.
- L3 Technologies Inc.
- Raytheon Company
- Aisin Seiki Co Ltd
- Delphi Automotive PLC
- Valeo SA.
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“The
Global Auto Night Vision System Market is expected to expand during the
projected period. The use of ADAS has grown steadily owing to the rise in
vehicle accidents. Moreover, the significance of automatic emergency braking
systems and night vision systems has increased significantly. Factors such as growing
acceptance of clean and green energy source vehicle with advanced technologies,
as well as rising safety concerns, are some of the reasons that are projected
to support market expansion,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Auto Night Vision System Market- Global
Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028, Segmented By
System (Active System, Passive System), By Component (Night Vision Camera,
Controlling Unit, Sensors, Others), By Display (Instrument Cluster, Head-Up
Display, Navigation Display), By Region, Competition,” has evaluated the future growth potential of Global Auto Night
Vision System Market and provides statistics and information on market
structure, size, share, and future growth. The report is intended to provide
cutting-edge market intelligence and help decision-makers take sound investment
decisions. Besides, the report also identifies and analyses the emerging trends
along with essential drivers, challenges, and opportunities present in the Global
Auto Night Vision System Market.
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