Global Automotive Night Vision Systems Market foretoken USD 4,227 Million by 2026

Global Automotive Night Vision Systems Market foretoken USD 4,227 Million by 2026

Scope of Automotive Night Vision Systems Market

This report studies the automotive night vision system market from the perspectives of enterprises, regions, product types and terminal industries, and analyzes its current status and future. In this study, 2018 has been considered as the base year and 2019 to 2026 as the forecast period to estimate the market size for automotive night vision system.

Automotive night vision system (ANVS) is a system that increases the vehicle driver’s perception during night or bad weather conditions. Automotive night vision systems are being implemented majorly in the high-end passenger cars with the objective of reducing the number of automotive accidents and also to lessen the impact of accident on driver and passengers. 

According to the report, the automotive night vision system market is expected to grow from USD 2,443 million in 2019 to USD 4,227 million by 2026, growing at a CAGR of 8.15% from 2019 to 2026.

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Growth Factors

Factors that such as the increasing demand for luxurious cars in developing market, increasing safety concerns in consumers and use of advanced technologies are propelling the growth of the automotive night vision system market. However, the growth of this market is expected to be hampered by the high cost of technologies used in night vision systems such as sensitivity and infrared technology.

Key participants

Foremost key players operating in the global automotive night vision system market include Bosch, Autoliv, Denso, Omron, FLIR Systems, Bendix, Melexis Microelectronic Integrated Systems, Delphi, OmniVision Technologies, Hella, Raytheon, Valeo, Sirica Corp, Protruly, Gwic, Guide Infrared, etc.

Geographical Perspective

Based on region, the global automotive night vision system market has been divided as four major regions such as North America, Europe, Asia-Pacific and Rest of the World. North America is the largest market with a proportion of 35.82%, followed by Europe and Asia-Pacific, accounting for 28.77% and 24.61% respectively.

North America dominated the automotive night vision system market in 2018. North America is expected to remain this trend over the forecast period. The presence of major players of night vision systems such as Delphi Automotive System Inc., FLIR Systems and Magna International Inc., which is further anticipated to drive the growth of the North America market.  Moreover, Asia-Pacific is expected to grow with the highest CAGR owing to the boom in the automobile industry in the region.

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Product Type Synopsis

On the basis of type, the market comprises of Camera, Sensor, and Other.

Application Synopsis

Based on application, this market is divided into Military, Industrial, and Other.

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Target Audience:

Technology providers

Market Research and consulting firms

Small and Medium-sized Enterprises (SMEs)

Market Research and consulting firms

Automotive night vision system industry associations

Product managers, automotive night vision system industry administrator, C-level executives of the industries

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