Automotive Night Vision System Market Size, Trends and Insights By Product (Active Systems, Passive Systems), By Component (Night Vision Camera, Controlling Unit, Sensors, Others), By Display (Instrument Cluster, Head-Up Display, Navigation Display), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Continental
- Delphi Automotive PLC
- FLIR Systems
- TRW Automotive
- Omron Corporation
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Automotive Night Vision System Market is expected to record a CAGR of 12% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 3,425 Million. By 2032, the valuation is anticipated to reach USD 9,440 Million.
The Automotive Night Vision System market refers to the industry involved in the development, manufacturing, and integration of night vision technologies into vehicles to enhance visibility and improve safety during nighttime driving or adverse weather conditions. These systems use infrared or thermal imaging technology to detect and display objects, pedestrians, and animals on the road that may not be visible to the driver’s naked eye.
The primary purpose of automotive night vision systems is to provide drivers with real-time information about potential hazards, thereby reducing the risk of accidents, especially in low-light conditions. By detecting obstacles beyond the reach of headlights, these systems assist drivers in making better decisions and responding promptly to potential dangers.
Typically, automotive night vision systems operate by capturing infrared radiation emitted by objects and converting it into visible images or augmented displays on the vehicle’s dashboard or heads-up display (HUD).
They can be categorized into two main types:
- Active Systems: Active night vision systems use infrared light sources, typically near-infrared lasers, to illuminate the road ahead. The reflected infrared radiation is then captured by a sensor and processed to create an image displayed to the driver.
- Passive Systems: Passive night vision systems rely on the infrared radiation naturally emitted by objects, including the heat radiated by the road and other vehicles. These systems do not require additional infrared light sources and are more commonly found in high-end luxury vehicles.
Key components of an automotive night vision system include infrared sensors, signal processors, display screens, and control units. Some advanced systems may incorporate features like pedestrian and animal detection, lane departure warnings, and adaptive cruise control to further enhance safety.
Automotive Night Vision System Market – Significant Growth Factors
- Road Safety Concerns: Increasing road safety awareness and the rising number of accidents during low-light conditions have highlighted the need for advanced driver assistance systems (ADAS) such as night vision systems. These systems help drivers detect potential hazards in the dark, reducing the risk of collisions.
- Technological Advancements: Continuous advancements in infrared imaging technology and sensor capabilities have made automotive night vision systems more accurate, reliable, and cost-effective. As the technology improves, it becomes more accessible to a broader range of vehicles.
- Luxury Vehicle Segment: The adoption of automotive night vision systems has been prevalent in the luxury vehicle segment. As automakers strive to offer cutting-edge features and enhance the overall driving experience, night vision systems have become a desirable and competitive feature in luxury models.
- Growing Demand for ADAS: The increasing integration of advanced driver assistance systems in vehicles is driven by consumer demand for improved safety and convenience. Automotive night vision systems are considered a valuable addition to comprehensive ADAS packages.
- Regulatory Standards: Governments and regulatory bodies in various regions are emphasizing the importance of safety features in vehicles. Compliance with safety standards and the inclusion of night vision systems in safety ratings and requirements can drive their adoption.
- Urbanization and Traffic Congestion: In urban areas with higher traffic density and congested roads, the risk of accidents, especially during nighttime, increases. Automotive night vision systems help drivers navigate safely in challenging conditions, making them attractive solutions for city driving.
- Low Light Conditions and Adverse Weather: Night vision systems are not only effective during nighttime but also in adverse weather conditions such as heavy rain, fog, or snow. Their ability to provide enhanced visibility under these circumstances makes them valuable to drivers.
- Integration with Autonomous Driving: Night vision systems can complement autonomous driving technologies, enhancing the vehicle’s perception of the surrounding environment in challenging lighting conditions. Their integration supports the development of more capable self-driving systems.
- Consumer Awareness and Education: As consumers become more informed about the benefits of ADAS and night vision technologies, they are more likely to seek vehicles equipped with these features, fostering market growth.
- Automotive Industry Competitiveness: Automakers are continuously looking to differentiate their vehicles and gain a competitive edge. Night vision systems offer a unique selling point that attracts safety-conscious consumers.
Automotive Night Vision System Market – Mergers and Acquisitions
- Automotive OEM and Technology Integration: Automotive original equipment manufacturers (OEMs) may seek partnerships or acquisitions of technology companies specializing in night vision systems to integrate these advanced features into their vehicles. By doing so, OEMs can offer a comprehensive ADAS package to enhance the safety and driving experience of their vehicles.
- Consolidation of Suppliers: As the market for night vision systems grows, smaller technology providers may be acquired by larger automotive suppliers seeking to strengthen their capabilities in the ADAS market. This consolidation could lead to the creation of comprehensive ADAS solution providers with a diverse range of offerings.
- Technology Advancements: Companies specializing in infrared imaging and night vision technologies may merge with or acquire complementary technology firms to expand their research and development capabilities. This could result in the development of more sophisticated and cost-effective night vision systems.
- Market Expansion: Automotive suppliers or technology companies with a strong presence in certain regions may acquire smaller players to expand their market reach and distribution channels. This could enable them to offer night vision systems to a broader customer base globally.
- Collaboration between Automotive and Electronics Companies: Partnerships between automotive companies and electronics giants may facilitate the integration of night vision technology with other electronic systems in vehicles. This collaboration could lead to seamless integration and interoperability between different ADAS features.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Automotive Night Vision System Market | Automotive Rain Sensor Market | Remocon Switch Market |
| CAGR 12% (Approx) | CAGR 5.3% (Approx) | CAGR 2.3% (Approx) |
| USD 9,440 Million by 2032 | USD 6.5 Billion by 2032 | USD 2.9 Billion by 2032 |
Automotive Night Vision System Market – Significant Threats
- High Cost: Night vision systems are technologically advanced and can be expensive to integrate into vehicles. The high cost of these systems may deter some consumers from opting for vehicles equipped with night vision technology.
- Limited Market Penetration: Despite advancements, night vision systems are still not standard features in most vehicles. Limited market penetration and consumer awareness may slow down the widespread adoption of these systems.
- Regulatory Challenges: The lack of uniform regulations and standards for night vision systems across different regions can create challenges for manufacturers and hinder market expansion.
- Limited Visibility Range: The effectiveness of night vision systems may be limited by factors such as heavy rain, fog, or snow, reducing their visibility range and reliability in adverse weather conditions.
- False Alarms and Distractions: In some cases, night vision systems may generate false alarms or distracting images, potentially leading to driver confusion or overlooking real hazards.
- Integration Challenges: Integrating night vision technology with other vehicle systems, including ADAS and autonomous driving technologies, may pose technical challenges and require substantial development efforts.
- Consumer Acceptance: Some consumers may be hesitant to adopt new technology or may perceive night vision systems as unnecessary features, impacting market demand.
- Competition from Other ADAS Technologies: Night vision systems face competition from other advanced driver assistance systems (ADAS), such as adaptive headlights, collision warning systems, and pedestrian detection, which can offer similar safety benefits.
- Technological Limitations: The performance of night vision systems may be constrained by current technology limitations, such as limited resolution or sensitivity, affecting their overall effectiveness.
- Driver Reliance: Overreliance on night vision systems by drivers may lead to complacency and reduced attention to the road, potentially compromising safety.
- Cybersecurity Concerns: The integration of advanced technology in vehicles introduces cybersecurity risks, including potential vulnerabilities in night vision systems that could be exploited by malicious actors.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 4,025 Million |
| Projected Market Size in 2032 | USD 9,440 Million |
| Market Size in 2022 | USD 3,425 Million |
| CAGR Growth Rate | 12% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product, Component, Display and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Category-Wise Insights
By Product:
Active night vision systems utilize infrared light sources to illuminate objects situated at a considerable distance ahead of the vehicle. On the other hand, passive night vision systems rely on specialized technologies to detect the thermal radiation emitted by humans, animals, and other objects present on the road.
While passive night vision systems can extend their range up to 1,000 feet, the resulting images may not be as clear. As a consequence, the passive segment commands a significant share in the night vision system product segment.
Most automobiles equipped with night vision are outfitted with passive sensors, which offer greater efficiency in monitoring heat without requiring additional illumination.
However, it is important to note that passive vision has a drawback, it becomes unreliable in hot weather conditions, particularly when the temperature exceeds 98 degrees Fahrenheit. For the detection of thermal radiation in these systems, thermographic cameras are utilized.
By Component:
During the year 2023, the night vision camera segment commanded a considerable share in the component segment of the automotive night vision system market. Night vision driving cameras are designed to detect thermal heat signatures, extending their sensing capability thousands of feet beyond the range of a car’s standard headlights.
This enhancement in sensing range contributes to improved driver reaction times and allows them to perceive objects and obstacles that would otherwise remain unseen.
Automotive Night Vision System Market – Regional Analysis
- North America: North America, particularly the United States, held a significant share in the Automotive Night Vision System market. The region’s advanced automotive industry, strong focus on safety technologies, and consumer awareness contributed to the adoption of night vision systems in luxury and high-end vehicle segments.
- Europe: Europe was another prominent market for Automotive Night Vision Systems, driven by the region’s strong emphasis on vehicle safety and regulatory standards. Countries like Germany, the United Kingdom, and Sweden demonstrated a growing demand for night vision technologies.
- Asia Pacific: The Asia Pacific region showed considerable potential for the growth of the Automotive Night Vision System market. The rising adoption of advanced driver assistance systems (ADAS) and the increasing popularity of luxury vehicles in countries like China and Japan contributed to market expansion.
- Middle East and Africa: The Middle East and Africa region exhibited increasing interest in advanced automotive technologies, including night vision systems. Demand was driven by the growth of the luxury vehicle market and a focus on enhancing safety features in vehicles.
- Latin America: Latin America saw a growing market for Automotive Night Vision Systems, with countries like Brazil and Mexico showing increasing interest in advanced driver assistance technologies.
List of the prominent players in the Automotive Night Vision System Market:
- Autoliv
- Magna Electronics Bendix Commercial Vehicles Systems
- Continental
- Delphi Automotive PLC
- FLIR Systems
- TRW Automotive
- Omron Corporation
- Satire
- Robert Bosch
- Shenzhen Protruly Electronics Co. Ltd.
- Others
The Automotive Night Vision System Market is segmented as follows:
By Product
- Active Systems
- Passive Systems
By Component
- Night Vision Camera
- Controlling Unit
- Sensors
- Others
By Display
- Instrument Cluster
- Head-Up Display
- Navigation Display
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Automotive Night Vision System Market, (2024 – 2033) (USD Million)
- 2.2 Global Automotive Night Vision System Market: snapshot
- Chapter 3. Global Automotive Night Vision System Market – Industry Analysis
- 3.1 Automotive Night Vision System Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Road Safety Concerns
- 3.2.2 Technological Advancements
- 3.2.3 Luxury Vehicle Segment
- 3.2.4 Growing Demand for ADAS
- 3.2.5 Regulatory Standards
- 3.2.6 Urbanization and Traffic Congestion
- 3.2.7 Low Light Conditions and Adverse Weather
- 3.2.8 Integration with Autonomous Driving
- 3.2.9 Consumer Awareness and Education
- 3.2.10 Automotive Industry Competitiveness.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product
- 3.7.2 Market Attractiveness Analysis By Component
- 3.7.3 Market Attractiveness Analysis By Display
- Chapter 4. Global Automotive Night Vision System Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Automotive Night Vision System Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Automotive Night Vision System Market – Product Analysis
- 5.1 Global Automotive Night Vision System Market Overview: By Product
- 5.1.1 Global Automotive Night Vision System Market Share, By Product, 2022 and – 2033
- 5.2 Active Systems
- 5.2.1 Global Automotive Night Vision System Market by Active Systems, 2024 – 2033 (USD Million)
- 5.3 Passive Systems
- 5.3.1 Global Automotive Night Vision System Market by Passive Systems, 2024 – 2033 (USD Million)
- 5.1 Global Automotive Night Vision System Market Overview: By Product
- Chapter 6. Global Automotive Night Vision System Market – Component Analysis
- 6.1 Global Automotive Night Vision System Market Overview: By Component
- 6.1.1 Global Automotive Night Vision System Market Share, By Component, 2022 and – 2033
- 6.2 Night Vision Camera
- 6.2.1 Global Automotive Night Vision System Market by Night Vision Camera, 2024 – 2033 (USD Million)
- 6.3 Controlling Unit
- 6.3.1 Global Automotive Night Vision System Market by Controlling Unit, 2024 – 2033 (USD Million)
- 6.4 Sensors
- 6.4.1 Global Automotive Night Vision System Market by Sensors, 2024 – 2033 (USD Million)
- 6.5 Others
- 6.5.1 Global Automotive Night Vision System Market by Others, 2024 – 2033 (USD Million)
- 6.1 Global Automotive Night Vision System Market Overview: By Component
- Chapter 7. Global Automotive Night Vision System Market – Display Analysis
- 7.1 Global Automotive Night Vision System Market Overview: By Display
- 7.1.1 Global Automotive Night Vision System Market Share, By Display, 2022 and – 2033
- 7.2 Instrument Cluster
- 7.2.1 Global Automotive Night Vision System Market by Instrument Cluster, 2024 – 2033 (USD Million)
- 7.3 Head-Up Display
- 7.3.1 Global Automotive Night Vision System Market by Head-Up Display, 2024 – 2033 (USD Million)
- 7.4 Navigation Display
- 7.4.1 Global Automotive Night Vision System Market by Navigation Display, 2024 – 2033 (USD Million)
- 7.1 Global Automotive Night Vision System Market Overview: By Display
- Chapter 8. Automotive Night Vision System Market – Regional Analysis
- 8.1 Global Automotive Night Vision System Market Regional Overview
- 8.2 Global Automotive Night Vision System Market Share, by Region, 2022 & – 2033 (USD Million)
- 8.3. North America
- 8.3.1 North America Automotive Night Vision System Market, 2024 – 2033 (USD Million)
- 8.3.1.1 North America Automotive Night Vision System Market, by Country, 2024 – 2033 (USD Million)
- 8.3.1 North America Automotive Night Vision System Market, 2024 – 2033 (USD Million)
- 8.4 North America Automotive Night Vision System Market, by Product, 2024 – 2033
- 8.4.1 North America Automotive Night Vision System Market, by Product, 2024 – 2033 (USD Million)
- 8.5 North America Automotive Night Vision System Market, by Component, 2024 – 2033
- 8.5.1 North America Automotive Night Vision System Market, by Component, 2024 – 2033 (USD Million)
- 8.6 North America Automotive Night Vision System Market, by Display, 2024 – 2033
- 8.6.1 North America Automotive Night Vision System Market, by Display, 2024 – 2033 (USD Million)
- 8.7. Europe
- 8.7.1 Europe Automotive Night Vision System Market, 2024 – 2033 (USD Million)
- 8.7.1.1 Europe Automotive Night Vision System Market, by Country, 2024 – 2033 (USD Million)
- 8.7.1 Europe Automotive Night Vision System Market, 2024 – 2033 (USD Million)
- 8.8 Europe Automotive Night Vision System Market, by Product, 2024 – 2033
- 8.8.1 Europe Automotive Night Vision System Market, by Product, 2024 – 2033 (USD Million)
- 8.9 Europe Automotive Night Vision System Market, by Component, 2024 – 2033
- 8.9.1 Europe Automotive Night Vision System Market, by Component, 2024 – 2033 (USD Million)
- 8.10 Europe Automotive Night Vision System Market, by Display, 2024 – 2033
- 8.10.1 Europe Automotive Night Vision System Market, by Display, 2024 – 2033 (USD Million)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Automotive Night Vision System Market, 2024 – 2033 (USD Million)
- 8.11.1.1 Asia Pacific Automotive Night Vision System Market, by Country, 2024 – 2033 (USD Million)
- 8.11.1 Asia Pacific Automotive Night Vision System Market, 2024 – 2033 (USD Million)
- 8.12 Asia Pacific Automotive Night Vision System Market, by Product, 2024 – 2033
- 8.12.1 Asia Pacific Automotive Night Vision System Market, by Product, 2024 – 2033 (USD Million)
- 8.13 Asia Pacific Automotive Night Vision System Market, by Component, 2024 – 2033
- 8.13.1 Asia Pacific Automotive Night Vision System Market, by Component, 2024 – 2033 (USD Million)
- 8.14 Asia Pacific Automotive Night Vision System Market, by Display, 2024 – 2033
- 8.14.1 Asia Pacific Automotive Night Vision System Market, by Display, 2024 – 2033 (USD Million)
- 8.15. Latin America
- 8.15.1 Latin America Automotive Night Vision System Market, 2024 – 2033 (USD Million)
- 8.15.1.1 Latin America Automotive Night Vision System Market, by Country, 2024 – 2033 (USD Million)
- 8.15.1 Latin America Automotive Night Vision System Market, 2024 – 2033 (USD Million)
- 8.16 Latin America Automotive Night Vision System Market, by Product, 2024 – 2033
- 8.16.1 Latin America Automotive Night Vision System Market, by Product, 2024 – 2033 (USD Million)
- 8.17 Latin America Automotive Night Vision System Market, by Component, 2024 – 2033
- 8.17.1 Latin America Automotive Night Vision System Market, by Component, 2024 – 2033 (USD Million)
- 8.18 Latin America Automotive Night Vision System Market, by Display, 2024 – 2033
- 8.18.1 Latin America Automotive Night Vision System Market, by Display, 2024 – 2033 (USD Million)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Automotive Night Vision System Market, 2024 – 2033 (USD Million)
- 8.19.1.1 The Middle-East and Africa Automotive Night Vision System Market, by Country, 2024 – 2033 (USD Million)
- 8.19.1 The Middle-East and Africa Automotive Night Vision System Market, 2024 – 2033 (USD Million)
- 8.20 The Middle-East and Africa Automotive Night Vision System Market, by Product, 2024 – 2033
- 8.20.1 The Middle-East and Africa Automotive Night Vision System Market, by Product, 2024 – 2033 (USD Million)
- 8.21 The Middle-East and Africa Automotive Night Vision System Market, by Component, 2024 – 2033
- 8.21.1 The Middle-East and Africa Automotive Night Vision System Market, by Component, 2024 – 2033 (USD Million)
- 8.22 The Middle-East and Africa Automotive Night Vision System Market, by Display, 2024 – 2033
- 8.22.1 The Middle-East and Africa Automotive Night Vision System Market, by Display, 2024 – 2033 (USD Million)
- Chapter 9. Company Profiles
- 9.1 Autoliv
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Magna Electronics Bendix Commercial Vehicles Systems
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Continental
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Delphi Automotive PLC
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 FLIR Systems
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 TRW Automotive
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Omron Corporation
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Satire
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Robert Bosch
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Shenzhen Protruly Electronics Co. Ltd.
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Others.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.1 Autoliv
List Of Figures
Figures No 1 to 25
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
FAQs
The key factors driving the Market are Road Safety Concerns, Technological Advancements, Luxury Vehicle Segment, Growing Demand for ADAS, Regulatory Standards, Urbanization and Traffic Congestion, Low Light Conditions and Adverse Weather, Integration with Autonomous Driving, Consumer Awareness and Education And Automotive Industry Competitiveness.
The “Product” category dominated the market in 2022.
The key players in the market are Autoliv, Magna Electronics Bendix Commercial Vehicles Systems, Continental, Delphi Automotive PLC, FLIR Systems, TRW Automotive, Omron Corporation, Satire, Robert Bosch , Shenzhen Protruly Electronics Co. Ltd., Others.
“North America” had the largest share in the Automotive Night Vision System Market.
The global market is projected to grow at a CAGR of 12% during the forecast period, 2023-2032.
The Automotive Night Vision System Market size was valued at USD 3,425 Million in 2022.