The market for vehicle night vision systems is expected to develop as a result of rising concerns about traffic safety and the increased application of strict safety standards by various governments throughout the world. As they aid in lowering traffic accidents, advanced driver assistance systems (ADAS) are being implemented more frequently in passenger vehicles. Night vision devices are a crucial component of such ADAS since they increase visibility in inclement weather or at night. During the forecast period, this is anticipated to fuel the market for automotive night vision systems. The rising demand for luxury and premium vehicles outfitted with these technologies is another important element fueling the expansion of this industry. Night vision systems are offered in the vehicles of several luxury automakers, including BMW, Mercedes-Benz, Audi, Jaguar Land Rover, and Volvo Cars, as standard or extra options.
The market for vehicle night vision systems is necessary since they make driving at night safer and better. Additionally, it makes it possible to see more clearly in dim lighting, which can assist prevent accidents. Additionally, it can assist in locating potential road hazards. Additionally, it can be applied to enforce the law.
An optical tool called a vehicle night vision system (VNVS) enables a car's driver to see in low light and at night. An infrared sensor plus a display system make up most VNVS systems. The near-infrared radiation that objects emit is detected by the infrared sensor, which then transforms it into an electrical signal. The electrical signal is then processed by the display system and shown to the operator as an image. VNVS can be utilised for a number of purposes, such as improving the driver's capacity to see in low light, detecting road impediments, and seeing potential hazards. Both military and law enforcement can make use of VNVS.
From 2021 to 2031, the global market for vehicle night vision systems is anticipated to expand at a CAGR of 6.3%. The market is projected to be worth $1.2 billion in 2021 and $1.7 billion by 2031.
The increased demand for night vision systems from automotive OEMs and Tier-1 suppliers, as well as the arrival of new businesses, are the causes of this expansion. The rising need for night vision systems for passenger cars and commercial vehicles is what propels the market for vehicle night vision systems. The market for night vision systems is expanding as a result of government requirements pertaining to vehicle safety standards as well as the growing safety concerns of vehicle owners.
The market for vehicle night vision systems has difficulties due to the expensive nature of the technology and the need for better infrastructure to facilitate its deployment. Additionally, car owners are not aware of the advantages of night vision systems, which restricts the market's potential growth. Additionally, the technology is still in its infancy and faces intense competition from other automobile safety technologies like autonomous emergency braking systems. Nonetheless, the market is anticipated to expand quickly in the upcoming years because of the rising demand from the automobile sector for better night vision systems.
The leading companies in the market for automotive night vision systems are Robert Bosch GmbH (Germany), Robert Bosch SA (France), Delphi Automotive PLC (UK), and Denso Corporation (Japan). Because of their product offers and technical breakthroughs, these corporations control a sizable portion of the industry. Additionally, they are always concentrating on growing their activities in advanced economies and have a broad global presence. These businesses employed organic growth techniques including the introduction of new products, R&D initiatives, and expansions and acquisitions. The leading companies in the market for automotive night vision systems are Robert Bosch GmbH (Germany), Robert Bosch SA (France), Delphi Automotive PLC (UK), and Denso Corporation (Japan). Because of their product offers and technical breakthroughs, these corporations control a sizable portion of the industry. Additionally, they are always concentrating on growing their activities in advanced economies and have a broad global presence. These businesses employed organic growth techniques including the introduction of new products, R&D initiatives, and expansions and acquisitions.
The Far Infrared Ray Segment emerged as the Most Lucrative Type
The market for vehicle night vision systems (NVS) is divided into two types based on types: near-infrared rays and far-infrared rays. The Far Infrared Ray segment is predicted to experience the highest CAGR growth of all of these throughout the projection period. Thermal rays, commonly referred to as far infrared rays, are electromagnetic waves with a wavelength that is longer than microwaves but shorter than visible light. In addition, objects can be seen by far infrared waves without having to emit visible light because they can pass through or pierce them.
The Most Prominent Application is the Home Segment
Passenger Cars and Commercial Vehicles make up two of the market segments for Vehicle Night Vision Systems (NVS) based on applications. The category for passenger cars is predicted to develop at the greatest CAGR of these during the projected period. A surge in concerns about road safety is expected to enhance the market for night vision systems in passenger cars over the predicted period. Manufacturers of passenger cars are concentrating on including cutting-edge technologies in their cars, like template matching and collision detection systems.
The Rear View Mirror to emerge as the Most Promising Deployment Type
Rear View Mirror, Windshield Projection, Head Up Display (HUD), and Combiner are the different deployment types in the market for Vehicle Night Vision Systems (NVS). The Rear View Mirror, which boosts visibility while also enhancing safety, commands the biggest market share of these. The fact that it avoids the need for additional installation of components and aids in lightening the vehicle has also helped the rearview mirror gain popularity.
The North American Region to render Ample Financing Opportunities
In the regional analysis of Vehicle Night Vision Systems, the key segments include North America, Europe, Asia Pacific, and the Rest of the World (NVS). Due to the increasing use of night vision technology by vehicle manufacturers, North America held the largest share of the global market. Due to affordability and strong economic conditions, light vehicle production in North America surged by more than 20% between 2016 and 2018 compared to the previous two years. New investment announcements made by numerous automotive businesses during this period also helped to support production expansion. The market in North America is projected to develop as a result of rising demand for high-end luxury vehicles with advanced safety and entertainment systems.
COVID-19 Impact and Market Status
The market for vehicle night vision systems (NVS) has experienced a substantial impact as a result of the COVID-19 epidemic. Due to the worldwide lockdown imposed by various governments, automobile manufacturing has been halted. This has caused the demand for NVS to decline, which has had an effect on the market's expansion. The pandemic has also had an effect on the whole auto sector, a significant market for vehicle night vision equipment (NVS). Consequently, the COVID-19 outbreak has been one of the key factors hindering the market growth. Because only the production and supply chain have been temporarily hampered by COVID-19, the effect on this market is only short-lived. In several nations throughout the world, the lockdown is coming to an end, and manufacturing operations are slowly starting to pick back up. Vehicle manufacturing and sales will resume as a result, eventually raising demand for NVS. As a result, the vehicle night vision systems (NVS) market is anticipated to pick up steam and expand quickly following COVID-19.
Recent Developments in the Vehicle Night Vision Systems (NVS) Market
• The launch of a new generation of augmented reality driver assistance systems based on night vision cameras was announced by Magna International Inc. in January 2018.
• Ficosa International S.A. (Spain), with new developments in the field of vehicle safety, introduced Night Vision Systems (NVS) in February 2019. Even in low light, the system can recognise pedestrians and cyclists thanks to cutting-edge technology.
• Hella KGaA Hueck & Co. introduced new night vision system product lines for vehicles and trucks in May 2019.
• In October 2020, Continental AG declared that it has created a new night vision system (NVS) that could recognise humans wearing black apparel in low-light situations utilising short-wave infrared (SWIR) imaging and 3D reconstruction. Beginning in 2021, this technology will be introduced to the automotive markets.
Vehicle Night Vision Systems Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||$1.7 billion|
|Growth Rate||CAGR of 6.3% during 2021-2031|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Robert Bosch GmbH (Germany), Robert Bosch SA (France), Delphi Automotive PLC (UK), and Denso Corporation (Japan).|
Key Segments of the Vehicle Night Vision Systems (NVS) Market
Type Overview, 2021-2031 (USD Billion)
• Near-Infrared Ray
• Far Infrared Ray
Application Overview, 2021-2031 (USD Billion)
• Commercial Vehicle
• Passenger Car
Regional Overview, 2021-2031 (USD Billion)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
• Middle East and South Africa