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Global Car Night Vision System Market to reach USD 7.84 billion by the end of 2029.

Global Car Night Vision System Market Size study & Forecast, by Technology (Far Infrared, Near-Infrared) by Component (Thermal Imaging Camera, Night Vision Control Unit, Sensor System) and Regional Analysis, 2022-2029

Product Code: ALTAMC-64247322
Publish Date: 10-04-2023
Page: 200

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
Continental AG,
Denso Corporation
OMRON Corporation,
Bendix Commercial Vehicle Systems,
Delphi Technologies,
Magna International, Inc.,
Auto Liv

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:

By Technology:
Far Infrared (FIR)
Near-Infrared (NIR)

By Component:
Thermal Imaging Camera
Night Vision Control Unit
Sensor System

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Car Night Vision System Market, by Region, 2019-2029 (USD Billion)
1.2.2. Car Night Vision System Market, by Technology, 2019-2029 (USD Billion)
1.2.3. Car Night Vision System Market, by Component, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Car Night Vision System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Car Night Vision System Market Dynamics
3.1. Car Night Vision System Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Growing awareness among mass in road safety issues Growing penetration of luxury cars in developing countries
3.1.2. Market Challenges High cost associated with the night vision system products.
3.1.3. Market Opportunities Advancements in 3D technology regarding car night vision system

Chapter 4. Global Car Night Vision System Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Car Night Vision System Market, by Technology
6.1. Market Snapshot
6.2. Global Car Night Vision System Market by Technology, Performance – Potential Analysis
6.3. Global Car Night Vision System Market Estimates & Forecasts by Technology 2019-2029 (USD Billion)
6.4. Car Night Vision System Market, Sub Segment Analysis
6.4.1. Far Infrared (FIR)
6.4.2. Near-Infrared (NIR)

Chapter 7. Global Car Night Vision System Market, by Component
7.1. Market Snapshot
7.2. Global Car Night Vision System Market by Component, Performance – Potential Analysis
7.3. Global Car Night Vision System Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
7.4. Car Night Vision System Market, Sub Segment Analysis
7.4.1. Thermal Imaging Camera
7.4.2. Night Vision Control Unit
7.4.3. Sensor System
Chapter 8. Global Car Night Vision System Market, Regional Analysis
8.1. Car Night Vision System Market, Regional Market Snapshot
8.2. North America Car Night Vision System Market
8.2.1. U.S. Car Night Vision System Market Technology breakdown estimates & forecasts, 2019-2029 Component breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Car Night Vision System Market
8.3. Europe Car Night Vision System Market Snapshot
8.3.1. U.K. Car Night Vision System Market
8.3.2. Germany Car Night Vision System Market
8.3.3. France Car Night Vision System Market
8.3.4. Spain Car Night Vision System Market
8.3.5. Italy Car Night Vision System Market
8.3.6. Rest of Europe Car Night Vision System Market
8.4. Asia-Pacific Car Night Vision System Market Snapshot
8.4.1. China Car Night Vision System Market
8.4.2. India Car Night Vision System Market
8.4.3. Japan Car Night Vision System Market
8.4.4. Australia Car Night Vision System Market
8.4.5. South Korea Car Night Vision System Market
8.4.6. Rest of Asia Pacific Car Night Vision System Market
8.5. Latin America Car Night Vision System Market Snapshot
8.5.1. Brazil Car Night Vision System Market
8.5.2. Mexico Car Night Vision System Market
8.6. Rest of The World Car Night Vision System Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Robert Bosch GmbH, Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. FLIR Systems, Inc
9.2.3. Continental AG,
9.2.4. Denso Corporation
9.2.5. OMRON Corporation,
9.2.6. Bendix Commercial Vehicle Systems,
9.2.7. Delphi Technologies,
9.2.8. Magna International, Inc.,
9.2.9. AUDI AG,
9.2.10. Auto Liv

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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