Global Automotive Night Vision System Market - Growth, Trends and Forecast (2018 - 2023)

  • ID: 4515770
  • Report
  • Region: Global
  • 120 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Aisin Seiki Co. Ltd.
  • Autoliv Inc.
  • Delphi Automotive PLC
  • FLIR Systems
  • Magna International Inc.
  • Raytheon
  • MORE
Automotive night vision system market is expecting a CAGR of more than 15% in the forecasted period of 2018-2023. Globally, this market is bound to grow as it’s still in the nascent stage. Autoliv, Bendix Commercial Vehicles Systems, Denso Corporation, Robert Bosch GmbH and others are the key vendors of this automotive technology.

Automobile safety is one of the major concerns around the world today, so companies like Bosch, Autoliv, Denso and Bendix Commercial Vehicles Systems are building the technology, which assists the riders of the automotive to have a safe ride during the night time. With the technology still limited to the luxury car segment, it is bound to grow in the passengers and commercial vehicles making it whopping future market. The researchers at the Mordor Intelligence estimate the CAGR of more than 15% in the period from 2018 to 2023.

Vehicle accident/fatality is one of the biggest reasons behind loss of life all over the world, and a major chunk of these accidents take place during nighttime. Passenger cars meet with road accidents every year mainly due to poor light conditions or the road infrastructure. To combat these issues, OEMs have been equipping the high-end passenger vehicles with night vision systems and other driver assistance monitoring systems, e.g. Global Positioning System (GPS). Automotive night vision system improves the driver’s perception of low light and poor weather conditions. The system also enables the driver to view the path, which is beyond the reach of the vehicle’s headlight. As a result, a lot of fatalities can be prevented with this technological up gradation.

The Growing Industry

The Night Vision System (NVS) is for now available in luxury cars only; it is expected to be available in the mass mid-car segments by the end of 2023. However, the high price trend in the Night Vision System (NVS) poses a major threat to the technologies used in such systems, like sensors and the display unit are cost high.

As the world would be inching towards the driverless at the end of the forecasted period of 2023, a lot of automobiles are anticipated to have advanced Night Vision System (NVS). Vehicle manufacturers are progressively developing autonomous vehicles, which eliminate partly or fully any driver assistance in driving. These vehicles require a complicated integration of technology and connectivity wherein machine vision plays a significant role in determining the effectiveness of the autonomous driving system. Therefore, automotive night vision systems play an integral role in determining the effectiveness of machine vision in the driverless cars, especially during nighttime. Moreover, the thermal sensors used in night vision systems can also be engaged in the daytime to verify and increase the accuracy of machine vision.

The global automotive night vision systems market can be segmented into two main technologies on which night vision systems work i.e. Far Infrared (FIR) and Near Infrared (NIR). Far Infrared (FIR) detects the radiations emitted by the objects. On the other hand, NIR detects the illuminations, which are reflected by the objects and are beyond the visible range of humans. Far Infrared FIR is more acceptable than Near Infrared (NIR), since the detection distance of Far Infrared (FIR) is more than that of Near Infrared (NIR)

Development of 3D assisted automotive night vision system is the next move anticipated by the users. Vehicle manufacturers have been developing active night vision systems that have increased effectiveness and accuracy in gauging the distance between vehicles, vehicle locations, distance from obstacles, and road conditions. The subsequent development of autonomous vehicles is anticipated to benefit night vision systems by 2023.

Among the geographical market, this market is dominated by Europe followed by North America and Asia-Pacific. Factors, like the increasing demand for premium and luxury cars, coupled with the government regulations for vehicular safety systems, increase in automotive technological awareness and high GDP growth rate are leading to higher disposable income are helping to drive the growth of the European night vision systems market. With the rise of income in the APAC region, people are affording the high-end vehicles, which have the inbuilt technology, like the night vision system and are ready to shed an extra amount for the same to safeguard theirs and family security. Low-cost development of the night vision system for the budgeted segmented car is poised to be the primary source of revenue generation for the manufacturer, as this is anticipated to serve their aim to provide a safe and protective experience of driving at night, as the major chunk of cars falls in this segment.

Key Players: AUTOLIV INC., BENDIX COMMERCIAL VEHICLES SYSTEMS, DENSO CORPORATION, ROBERT BOSCH GMBH, amongst others

Reasons to purchase this report
  • Provides latest insights into the Automotive Night Vision System Market
  • Gives a detailed analysis of key competitors in the Automotive Night Vision System Market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Detailed analysis on the region that is expected to witness the highest growth
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate Sheet (in Excel)
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FEATURED COMPANIES

  • Aisin Seiki Co. Ltd.
  • Autoliv Inc.
  • Delphi Automotive PLC
  • FLIR Systems
  • Magna International Inc.
  • Raytheon
  • MORE
1. Introduction
1.1 Study Deliverables
1.2 General Study Assumptions

2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology

3. Executive Summary

4. Market Overview and Technology Trends
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Porter's Five Forces Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Competitive Rivalry

5. Market Dynamics
5.1 Drivers
5.1.1 Growing Public Awareness towards Road Safety
5.1.2 Increased Sales of Luxury Cars
5.1.3 Automobile Manufacturers to Develop More Advanced Technologies
5.2 Restraints
5.2.1 Restricted to the luxury car segment
5.3 Opportunities

6. Global Automotive Night Vision Market Segmentation, by Technology
6.1 Far Infrared (FIR)
6.2 Near Infrared (NIR)

7. Global Automotive Night Vision Market Segmentation, by Display Types
7.1 Navigation Systems
7.2 Instrument Clusters
7.3 Windshield Type
7.4 Others

7. Global Automotive Night Vision Market Segmentation, by Components
7.1 Night Vision Camera
7.2 Controlling Unit
7.3 Display Unit
7.4 Sensors
7.5 Others

8. Global Automotive Night Vision Market Segmentation, by Geography
8.1 North America
8.1.1 The United States
8.1.2 Canada
8.1.3 Mexico
8.1.4 Rest of North America
8.2 Asia-Pacific
8.2.1 China
8.2.2 Japan
8.2.3 India
8.2.4 Australia
8.2.5 Rest of Asia-Pacific
8.3 Europe
8.3.1 Germany
8.3.2 United Kingdom
8.3.3 France
8.3.4 Italy
8.3.5 Rest of Europe
8.4 South America
8.4.1 Brazil
8.4.2 Argentina
8.4.3 Rest of South America
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.2 UAE
8.5.3 Iran
8.5.4 South Africa
8.5.5 Rest of Middle East & Africa

9. Competitive Landscape
9.1 Introduction
9.2 Market Share Analysis

10. Company Profile
10.1 Robert Bosch GMBH
10.2 Denso Corporation
10.3 Audi AG
10.4 Daimler AG
10.5 Autoliv, Inc.
10.6 Visteon Corporation
10.7 Grace Tech Limited
10.8 Magna International Inc.
10.9 L-3 Communications Holdings
10.10 Raytheon
10.11 Aisin Seiki Co., Ltd.
10.12 Omron Corporation
10.13 Delphi Automotive PLC
10.14 Valeo S.A.
10.15 FLIR Systems
10.16 Shenzhen Protruly Electronics Co. Ltd.
10.17 Bendix Commercial Vehicles Systems

11. Future Outlook of the Market

12. Disclaimer
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  • Robert Bosch GMBH
  • Denso Corporation
  • Audi AG
  • Daimler AG
  • Autoliv Inc.
  • Visteon Corporation
  • Grace Tech Limited
  • Magna International Inc.
  • L-3 Communications Holdings
  • Raytheon
  • Aisin Seiki Co. Ltd.
  • Omron Corporation
  • Delphi Automotive PLC
  • Valeo S.A.
  • FLIR Systems
  • Shenzhen Protruly Electronics Co. Ltd.
  • Bendix Commercial Vehicles Systems
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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