Global Car Night Vision System Market is valued approximately USD 3.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11% over the forecast period 2022-2029. Car Night Vision System is used to increase a driver’s perception and seeing distance in darkness or poor weather beyond the reach of the vehicle’s headlights. Night vision is electronically enhanced optical devices operate in three modes image enhancement, thermal imaging, and active illumination. The Car Night Vision System market is expanding because of factors such as growing awareness among mass in road safety issues and growing penetration of luxury cars in developing countries. However, high cost is associated with the night vision system products may halt market growth.
Increasing number for accidents due to less visibility at night impacts the car night vision market up to some extent, moreover according to the Statista, in 2021, in India the state with highest number of road accidents was Tamil Nadu, with over 55 thousand cases reported, followed by Madhya Pradesh, with over 48 thousand reported road accidents. Furthermore, Singapore was the country with the highest road quality in 2019. It received a rating of 6.5 on a scale of 1 to 7 according to international standards. Singapore was also ranked first in terms of efficient air transport services in 2019. Another important component driving space increase is growing penetration of luxury cars in developing countries. Revenue in the Luxury Cars market segment is projected to reach USD 20,910.00m in 2023 and expected to show an annual growth rate of 2.63% between 2023 to 2027 resulting in a projected market volume of USD 23,200 million by 2027. In addition, the global infrared detector market was valued at 456.7 million U.S. dollars in 2019, and the market is forecast to have a value of 806 million U.S. dollars by 2030. However, the high cost associated with the night vision systems stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Car Night Vision System Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific dominated the space in terms of revenue, owing to the rising demand for heavy commercial vehicles and high-end luxury vehicles in this region enhance the market’s growth. According to the Statista, in 2021, China was the biggest market for commercial vehicles, with about 4.8 million commercial vehicles sold. In comparison, approximately 772 thousand commercial vehicles were sold in Japan in 2021. North America is expected to grow significantly during the forecast period, owing to factors such as due to the existence of major key players in the automotive night vision system in the market space.
Major market player included in this report are:
Robert Bosch GmbH,
FLIR Systems, Inc
Bendix Commercial Vehicle Systems,
Magna International, Inc.,
Recent Developments in the Market:
In March 2020, Bosch, and Xarvio Digital Farming Solutions from BASF collaborated to develop digital farming solutions. The companies have founded a project house in Curitiba, Brazil. It enables the two partners to combine their joint research and development activities. The goal of the collaboration is to develop an intelligent system for target-based application of fertilizer and intelligent seed placement of seeds.
Global Car Night Vision System Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Technology, Component, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Far Infrared (FIR)
Thermal Imaging Camera
Night Vision Control Unit
Rest of the World