Automotive night vision system market is set to garner considerable returns owing to the demand for components like night vision cameras, sensors, and control units in night vision systems. Products like thermal night vision cameras are majorly adopted by some of the world’s top luxury car brands. For instance, BMW had installed such cameras in models that included thermal imaging sensors and heated optical elements. Moreover, companies are looking to introduce night vision cameras that possess the ability to depict information four times beyond the headlight range. Such advancements in components will further intensify the demand for night vision systems, thereby augmenting market growth.
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Certain advancements in technology have improved the automotive night vision system’s capability substantially. New systems boast the ability to detect objects including heavy vehicles, traffic signs, children, and cyclists. In addition, these can also offer updates on fog, smoke or glare of oncoming vehicle headlights. Owing to these benefits automotive night vision system market will witness significant growth in the coming years.
According to the reports of the National Highway Traffic Safety Administration, in 2016, nearly 37,461 fatalities had been observed due to road accidents across U.S. – a momentous rise of 5.6% than the previous year’s numbers. Moreover, the U.S. based insurance and financial service company, State Farm claimed that, between July 2017 and June 2018, animal collisions accounted for 1.33 million road accident cases.
Earlier, astronomical equipment prices prevented widescale penetration of night vision systems and relegated them to the luxury vehicle segment. However, increasing affordability of components such as infrared cameras and the prevalent trend of customers and regulatory authorities demanding more road safety are expected to foster industry growth in coming years.
The anticipated rise of autonomous vehicles is expected to emerge as a major proponent for automotive night vision system market during the forecast timeframe. Autonomous driving systems rely upon an array of technologies including radar, LiDAR, cameras and image recognition to drive the vehicle with minimal human intervention.
While the aforementioned technologies allow vehicles to be driven without human input, there are serious limitations to the conditions they can operate in. One such limitation came to light in 2018, when Uber’s self-driving vehicle struck and killed a pedestrian. The accident occurred at night and a majority of blame fell on the vehicle’s sensor array that consistently failed to recognize the pedestrian in low light conditions. Taking such incidents into account, regulatory bodies have been working to frame new road safety guidelines.
Stringent safety norms have put immense pressure on autonomous vehicle manufacturers to introduce state-of-the-art night vision features in their vehicles. The deployment of strict road and safety regulations is expected to generate untapped opportunities for the players in automotive night vision system market outlook.
The North America and Europe markets are likely to acquire substantial share of the revenue owing to increasing adoption of advanced automotive technologies like connected cars, autonomous vehicles, and IoT, together with higher demand for luxury cars in developed nations. Increasing production of luxury and passenger cars will also generate considerable demand for automotive night vision systems in these regions.
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Partial Chapter of the Table of Content
Chapter 4. Market, By Product
4.1. Key trends in automotive night vision system market, by product
4.2. Active systems
4.2.1. Market estimates and forecast, 2015 - 2025
4.3. Passive systems
4.3.1. Market estimates and forecast, 2015 - 2025
Chapter 5. Market, By Display
5.1. Key trends in automotive night vision system market, by display
5.2. Head up display
5.2.1. Market estimates and forecast, 2015 - 2025
5.3. Instrument cluster
5.3.1. Market estimates and forecast, 2015 – 2025
5.4. Navigation display
5.4.1. Market estimates and forecast, 2015 - 2025
Chapter 6. Market, By Component
6.1. Key trends in Automotive night vision system market, By component
6.2. Night vision camera
6.2.1. Market estimates and forecast, 2015 - 2025
6.3. Sensors
6.3.1. Market estimates and forecast, 2015 - 2025
6.4. Controlling unit
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