by The global automotive night vision systems market consists of infrared cameras and image processing technologies that detect humans and animals ahead of vehicles at night and in conditions with low illumination. Night vision systems improve visibility and help drivers detect potential hazards that are invisible to the naked eye. The systems enhance the night driving experience and safety by alerting drivers to objects in the vehicle’s path, especially pedestrians and wildlife.
Global automotive night vision systems market is estimated to be valued at US$ 3.82 billion in 2024 and is expected to exhibit a CAGR of 11% over the forecast period from 2024 to 2031.
Key players operating in the global automotive night vision systems are Bosch, Delphi, Visteon, Valeo, Guide Infrared, Omron, Melexis, OmniVision Technologies, Kollsman, HELLA GmbH & Co. KGaA, Autoliv Inc., DENSO CORPORATION., Teledyne FLIR LLC, Continental AG, Magna International Inc, ZF Friedrichshafen AG, Panasonic Corporation. Growing Automotive Night Vision Systems Market Demand for advanced driver assistance systems and increased focus on vehicle and passenger safety are driving the night vision system market. Furthermore, stringent vehicle safety regulations across regions are augmenting the demand for night vision technology.
Key Takeaways
Key players: Bosch, Delphi, Visteon, Valeo, Guide Infrared, Omron, Melexis, OmniVision Technologies, Kollsman, HELLA GmbH & Co. KGaA, Autoliv Inc., DENSO CORPORATION., Teledyne FLIR LLC, Continental AG, Magna International Inc, ZF Friedrichshafen AG, Panasonic Corporation are leading players in the automotive night vision systems market.
Growing demand: Increasing demand for advanced driver assistance systems and surging demand for luxury and premium vehicles equipped with advanced safety features are fueling the adoption of automotive night vision systems.
Global expansion: Leading automotive night vision system manufacturers are expanding their global footprint by strengthening their distribution networks across key regions including North America, Europe, Asia Pacific and Latin America.
Market key trends
The integration of infrared cameras, image signal processors and automatic braking technologies is a key trend in the automotive night vision systems market. Advanced systems use multi-sensor camera fusion technology that combines inputs from traditional cameras and infrared sensors to deliver higher resolution images with wider fields of view for improved detection abilities. Furthermore, the adoption of 5G connectivity in automotive night vision systems will facilitate over-the-air updates and upgrade of the systems. This helps auto manufacturers reduce costs associated with night vision system maintenance and updates.
Porter’s Analysis
Threat of new entrants: Established automotive brands have strong brand recognition and distribution networks which act as a barrier for new entrants.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of options from various manufacturers. However, advanced safety features increases switching costs.
Bargaining power of suppliers: Major component suppliers like sensor manufacturers have some bargaining power due to their technical expertise and economies of scale.
Threat of new substitutes: Alternatives like adaptive cruise control pose a minor threat as night vision provides enhanced visibility.
Competitive rivalry: Intense competition exists among key players to offer advanced technologies resulting in continuous R&D investments.
Geographical Regions
North America accounted for the largest share of the global automotive night vision systems market in 2024, due to stringent safety regulations and increasing demand for luxury vehicles with advanced driver-assistance systems.
Asia Pacific is projected to grow at the fastest CAGR during the forecast period, with China and India being the major markets. Growing disposable incomes and increasing safety concerns are driving the adoption of such advanced driver-assistance systems in the region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
