According to a research report by Global Market Insights, Inc., the automotive night vision system market is set to reach $4.5 billion by 2025. The increasing need for safety features in vehicles coupled with growing concerns about accidents due to low-light conditions will drive the global automotive night vision system market size.
Certain advancements in technology have improved the automotive night vision system’s capability substantially. New systems boast the ability to detect objects including heavy vehicles, traffic signs, children, and cyclists. In addition, these can also offer updates on fog, smoke or glare of oncoming vehicle headlights. Owing to these benefits automotive night vision system market will witness significant growth in the coming years.
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The automotive night vision system market is set to garner considerable returns owing to the demand for components like night vision cameras, sensors, and control units in night vision systems. Products like thermal night vision cameras are majorly adopted by some of the world’s top luxury car brands. For instance, BMW had installed such cameras in models that included thermal imaging sensors and heated optical elements. Moreover, companies are looking to introduce night vision cameras that possess the ability to depict information four times beyond the headlight range. Such advancements in components will further intensify the demand for night vision systems, thereby augmenting market growth.
The North America and Europe markets are likely to acquire substantial share of the revenue owing to increasing adoption of advanced automotive technologies like connected cars, autonomous vehicles, and IoT, together with higher demand for luxury cars in developed nations. Increasing production of luxury and passenger cars will also generate considerable demand for automotive night vision systems in these regions.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.