Automotive Night Vision System Market Share, Trends, Revenue, Scope, Growth Drivers, Challenges and Future Investment Opportunities Till 2033

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Automotive Night Vision System Market Share, Trends, Revenue, Scope, Growth Drivers, Challenges and Future Investment Opportunities Till 2033: SPER Market Research



 Published: Apr-2024
 Author: SPER Analyst


Automotive Night Vision System Market is projected to be worth 11.81 billion by 2033 and is anticipated to surge at a CAGR of 11.25%.

The automotive night vision system is a configuration that makes use of the thermographic camera, a tool that uses infrared radiation to create images, much like a standard camera that forms an image using visible light to help drivers see farther in bad weather or at night than their headlights can. These technologies are often offered as optional extras in a few high-end cars. The foundation of this system is night vision devices (NVD), which is a general term for any technologically advanced optical device that operates in three modes: thermal imaging, image enhancement, and active illumination. To detect and identify objects, the automotive night vision system works in conjunction with NVDs including infrared cameras, GPS, radar, and lidar, among others.

Global Automotive Night Vision System Market Driving Factors and Challenges

Automobile safety is one of the biggest issues facing the world. Low light levels on the road are a major contributing factor in many passenger automobile accidents that result in fatalities, especially at night. Since active safety systems are now a regular feature on most automobiles, especially luxury models, automakers have begun to offer them as original equipment. The increased understanding of the importance of safety systems and their ability to avert collisions by warning drivers is the cause of this. Safety is improved and fewer collisions occur because to night vision equipment. Consequently, the market for vehicle night vision systems is expanding as a result of consumers' growing safety consciousness. Another reason propelling the growth of the automotive night vision system market revenue is the increase in sales of high-end vehicles.

One of the biggest challenges facing the automotive night vision systems industry is the rising cost of technology. The more expensive components needed to generate infrared vision and thermal imaging affect the final cost of automobiles. It costs more to do ongoing research and development to improve vision capabilities. Another problem is driver awareness; many may not realize the value or necessity of these gadgets until an emergency situation arises. Teaching consumers about benefits is a challenging task. The global automobile night vision system market is expected to be constrained during the forecast period by a number of noteworthy concerns, including the system's incapacity to function properly in densely populated areas and improper handling.  


Impact of COVID-19 on Global Automotive Night Vision System Market
The market was negatively impacted by the Covid-19 epidemic. Low car sales have been recorded. The substantial market potential for night vision systems in 2020 was limited. Additionally, the aftermarket segment of the industry did not record many sales due to the considerably reduced or nearly nonexistent vehicle movements. However, the market is hoping to revive and develop economically back to pre-covid conditions with the anticipated increase in sales of passenger vehicles and improved awareness of safety in both passenger and commercial vehicles.

Global Automotive Night Vision System Market Key Players:
Aisin Seiki Co Ltd, Delphi Automotive PLC, Robert Bosch GmbH, DENSO Corporation, Audi AG, Daimler AG, Autoliv Inc, Visteon Corporation, Magna International Inc, L3 Technologies Inc, Raytheon Company, and FLIR Systems Inc are just a few of the major market players and their detailed analyses that are provided by the market study, along with market data broken down by competitive landscape, revenue analysis, and market segments.


Global Automotive Night Vision System Market Segmentation:

By Technology Type: Based on the Technology Type, Global Automotive Night Vision System Market is segmented as; Far Infrared, Near Infrared.

By Display Type: Based on the Display Type, Global Automotive Night Vision System Market is segmented as; Navigation System, Instrument Cluster, HUD.

By Vehicle Type: Based on the Vehicle Type, Global Automotive Night Vision System Market is segmented as; Commercial Vehicle, Passenger Cars.

By Component Type: Based on the Component Type, Global Automotive Night Vision System Market is segmented as; Passenger Vehicles, Commercial Vehicles, Others.

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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