Automotive Night Vision Systems (NVS) Market Size, Share, Growth, and Industry Analysis by Type (Active NVS & Passive NVS), By Application (Passenger Cars & Commercial Vehicle), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

REPORT OVERVIEW

• 

• Request a Free Sample to learn more about this report

The global Automotive Night Vision Systems (NVS) market size was USD 2920.79 million in 2021. As per our research, the market is expected to reach USD 4606.71 million in 2027, exhibiting a CAGR of 7.89% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with Automotive Night Vision Systems (NVS) industry experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Advanced driver assistance systems (ADAS) called Automotive Night Vision Systems (NVS) are intended to increase nighttime driving safety. These systems make use of a variety of technologies to improve visibility for drivers in low light or complete darkness. NVS frequently uses infrared sensors, such as thermal imaging cameras, to identify heat emissions from people, animals, and other things. These sensors are able to record images as heat signatures. Onboard computer systems process the data from the infrared sensors in real-time.

Incoming thermal pictures are analyzed by sophisticated algorithms before being converted to visual images or video stream. The dashboard or infotainment screen of the car then shows the edited photos or videos. In situations where conventional headlights would not be adequate, this gives the driver a good view of the road ahead. When humans, animals, or other vehicles are spotted in the route of the vehicle, NVS frequently includes warning features like highlighting potential hazards in the projected image or emitting auditory alerts.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

Manufacturers of semiconductors and electronics experienced issues as a result of the COVID-19 outbreak, including unstable markets, a decline in consumer confidence, and issues with import and export trade. The global supply chain includes the sourcing of raw materials, packaging, and distribution. Moving commodities, labels, and other items has become challenging as a result of lockdowns. The markets for semiconductors were affected financially in addition to having an immediate impact on markets, supply chains, supply and demand, and all of these other things. To address this urgent situation, manufacturers of semiconductors and electronics are focusing on securing their staff, operational procedures, and supply chains. The pandemic altered the dynamics of the industry, compelling organizations to redesign every aspect of their operational frameworks in order to preserve stability amidst the disturbances. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall semiconductors and electronics industry. This has partially impacted the Automotive Night Vision Systems (NVS) industry.

LATEST TRENDS

"Advanced Driver Assistance Systems to Boost the Market Growth"

The integration of Automotive Night Vision Systems (NVS) with Advanced Driver Assistance Systems (ADAS) continues to be a significant trend in the automotive industry. NVS and ADAS integration improves overall vehicle safety. In low-light situations, NVS can identify obstructions, animals, and pedestrians, giving drivers an early warning and enabling ADAS to take the necessary action. When probable collisions are identified, NVS can activate ADAS features like automated emergency braking, which helps to avert accidents or lessen their impact. By identifying lane lines and determining if the car is drifting out of its lane, NVS can support lane departure warning systems. NVS can be connected to adaptive headlights, which will change their angle and intensity in response to the objects and driving circumstances that are detected. Thus, a key trend that is opening up potential for the industry to grow is the increasing Advanced Driver Assistance Systems (ADAS). These new developments are mostly to blame for the market's overall growth.

SEGMENTATION

• 

• Request a Free Sample to learn more about this report

By Types 

Based on type, the market is classified into Active NVS & Passive NVS.

By Application

Based on the market is categorized into Passenger Cars & Commercial Vehicle.

DRIVING FACTORS

"Luxury Vehicles that Give the Market Extra Boost"

The luxury vehicle segment has played a significant role in the adoption and advancement of Automotive Night Vision Systems (NVS). Among the first to equip their high-end automobiles with NVS technology were luxury automakers. Early adopters included companies like Mercedes-Benz, BMW, Audi, and Lexus. NVS developed became a major element in models of high-end and luxurious vehicles, increasing their allure. It was frequently included as a component of a premium technology package. The integration of NVS with other cutting-edge technology, such as adaptive headlamps, augmented reality displays, and advanced driver assistance systems (ADAS), has been led by luxury automakers. As a result, the growth, and the rise in luxury vehicles will boost the market. It will contribute to the expansion of the semiconductor & electronic industry and it will improve the overall Automotive Night Vision Systems (NVS) market growth.

"Technological Advancement to Encourage Market Expansion"

Technological advancements in the Automotive Night Vision Systems (NVS) industry have been instrumental in improving the effectiveness and adoption of these systems. Thermal imaging has replaced image intensification technology in many NVS systems. Regardless of the lighting environment, thermal cameras can detect heat radiated by objects and offer a crisper image of the road. visuals from NVS systems may now be seen on display displays in cars that are far better quality, producing clearer, more detailed visuals. Some NVS systems now include augmented reality components, superimposing data on the display screen to draw attention to potential risks or provide the driver additional context. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, above mentioned factors will help the market to boost.

RESTRAINING FACTOR

"High Cost to Impede Market Expansion"

The market is being hampered by excessive costs. The manufacturing and installation of NVS equipment, particularly thermal imaging systems, can be pricey. Adoption may be constrained by this high cost, particularly in lower-priced car segments. This prevented the market from growing. This obstacle prevents the market from growing. These limitations limit the market's overall growth. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.

REGIONAL INSIGHTS

• 

• Request a Free Sample to learn more about this report

"North America to Dominate the Market Across the Globe Owing to Industrial Development"

The market for Automotive Night Vision Systems (NVS) in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the Automotive Night Vision Systems (NVS) market share is the growing demand of product use in passenger cars & commercial vehicle is one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

• Raytheon (U.S.)
• OmniVision Technologies (U.S.)
• Flir System (U.S.)
• Sirica Corp (U.S.)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost Automotive Night Vision Systems (NVS) industry share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.