Automotive Night Vision System Market Size

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.