Automotive Night Vision System Market size is expected to reach USD 15.37 billion by the end of 2037, growing at a CAGR of 11.34% during the forecast period i.e., 2024-2037. In the year 2023, the industry size of automotive night vision system was over USD 3.43 billion. Demand for products such as antiglare glasses, advanced headlights, and security features to improve visibility and driver alertness could be stimulated by the increased risk of accidents at night. In addition, market demand can also be supported by the need for legal representation and insurance claims related to accidents at night. In the United States, a total of 35,766 fatal traffic accidents occurred in 2020. Additionally, 1,593,390 crashes took place that injured people and 3,621,681 caused property damage.
The growing global emphasis on road safety, evidenced by increasing government regulations, is a key driver of the market for night vision in cars. A concomitant increase in demand for new automotive technologies is emerging as authorities around the world step up their efforts to reduce traffic accidents and improve driver safety. The market's trajectory is reinforced by the requirement that safety features, including night vision systems, be incorporated into vehicles.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2037 |
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CAGR |
11.34% |
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Base Year Market Size |
USD 3.43 billion |
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Forecast Year Market Size |
USD 15.37 billion |
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Regional Scope |
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Vehicle Type (Passenger Cars, Commercial Vehicles)
Based on vehicle type, the passenger car segment is expected to reach USD 12.80 billion by the end of 2037. This system helps improve driver visibility during night driving and enhances safety by detecting objects, pedestrians, or animals on the road in passenger cars. Preventing accidents caused by low visibility conditions is also helpful. This technology is helping to reduce the risks associated with poor visibility when driving commercial vehicles in dark roads. In the future, the growth of this segment will be driven by the expansion of passenger cars with these features. According to industry estimates, in the last calendar year about 4.1 million passenger cars were sold on the local market, an increase of around 8.2% as compared with sales of 3.79 million vehicles in 2022.
Technology (Far Infrared, Near Infrared)
In terms of technology, the far infrared segment is anticipated to surpass USD 9.86 billion by 2037. A more comprehensive layer of perception is provided by the FIR camera. The FIR camera scans the infrared spectrum just beyond visible light to detect objects that may be missed by radar, LiDAR, or cameras. In vehicles, night vision sensors are becoming more common. In the detection of vehicles in infrared images, a variety of methods using infrared sensors are proposed.
Our in-depth analysis of the global market includes the following segments:
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Technology |
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Display Type |
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Component |
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Vehicle Type |
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System Type |
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North American Market Forecasts
The automotive night vision system market in the North America region is poised to reach USD 4.64 billion by the end of 2037.One of the main factors contributing to the growth in the market for night vision systems is an increase in consumer awareness about road safety. Initiatives to reduce road accident rates are being taken by governments in different regions. The market is dominated by North America due to the growing concerns about vehicle emissions, security, and safety in this area. Such as around 43,000 fatalities caused by car accidents in the U.S. in 2022.
European Market Statistics
The automotive night vision system market in the Europe region is set to cross USD 4.24 billion during the anticipated period.Growth can be accounted in view of the growing demand for enhanced safety features in cars. The ongoing investment in R&D by the market's leading players to introduce novel night vision technologies, which is also a major driver of growth. The growth of the market during the forecast period will be driven by increasing demand for luxury and high-end vehicles equipped with advanced safety features and technology in infrared cameras and the development of cost-effective night vision systems.
Author Credits: Saima Khursheed
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