Automotive Night Vision System Market Outlook To 2025 Global Opportunity & Growth Analysis

Automotive night vision system market is anticipated to establish itself as a lucrative avenue of investment in forthcoming years. Automotive night vision can be described as a cluster of loosely-related technologies that have the capability to enhance driver’s situational awareness when the vehicle encounters reduced road visibility in low-light conditions.
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.
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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.
Essentially, automotive night vision consoles extend drivers’ perception far beyond the limited reach of the headlights using infrared lights, thermographic cameras, heads up displays (HUDs) and other technologies. As they are capable of alerting drivers of potential road hazards significantly beforehand, they can help in preventing road accidents, promoting integration of the automotive night vision system in more automobile segments. The substantial deployment of such vehicle safety features is slated to augment automotive night vision system market share.
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.
From a regional perspective, Europe and North America are expected to have significant share of automotive night vision system market landscape during the forecast timeframe. Presence of several key automotive industry players, stringent government regulations and a customer base that prioritizes safety above all else are expected to foster market growth over 2019-2025.
Overall, automobile night vision system’s changing reputation from a clever luxury feature to an integral vehicle safety feature would ensure its widespread adoption across a number of vehicle segments in forthcoming years. In fact, according to a Global Market Insights, Inc., research report, automotive night vision system market is expected to surpass a $4.5 billion valuation by 2025.
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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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