The Europe Automotive Night Vision System Market share is projected to reach USD 604.8 Million in 2032. Demand for automotive night vision systems has been fueled by growing concerns about increasing road traffic, road safety and reducing accidents during night driving.
According to FMI, the Europe Automotive Night Vision System Market is estimated to be valued at USD 151.7 Million in 2022 and is projected to increase at a CAGR of 14.8% in the forecast period from 2022 to 2032.
| Attributes | Details |
|---|---|
| Market Size 2022 | USD 151.7 Million |
| Market Size 2032 | USD 604.8 Million |
| Value CAGR (2022 to 2032) | 14.80% |
Automotive night vision systems is playing a prominent role in preventing the road accidents due to heavy traffic and rush. Currently, night vision systems are becoming a major safety factor for safety assurance of drivers and passenger in passenger cars or any light or heavy vehicle.
Night vision systems is not like any vehicle headlights; they have different functions. They have ability to detect any object suddenly appear before vehicle and to warn the driver, so as to avoid the accident. NVS help to enhance a driver’s perception in darkness and improve poor visibility weather conditions. Due to this advance function, an automotive night vision system experiencing growing demand in automotive industry.
The automotive night vision systems utilize many technologies for their operation. Sensors like ultrasonic sensor, camera sensor and infrared sensor is employed in automotive night vision systems to identify any obstacle on the road and to warn the driver.
This sensor technology actively illuminates the object through the spectrum emit from them and captures the radiations reflected from the object and provide information to the system. Different technologies have been developed in automobile night vision systems in accordance with the shifting end user needs.
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
The analysis of automotive Night Vision System demand from 2017 to 2021 showed a historical growth rate of less than 7.5% CAGR, automotive night vision system is essential in vehicle for security purpose. Rapid growth has been observed of installation of this system in automotive vehicle with increasing worldwide road safety awareness.
Auto manufacturing and the economy as a whole were significantly affected by the coronavirus. In principle, manufacturers suffered greatly from the lack of raw materials necessary to manufacture automotive components, which resulted in the shutdown of the automotive manufacturing industry.
Driving frictional barriers on the production chains, a lack of raw materials out of the factories, and distrust in demanding customers led to a reduction in manufacturing thus hampering growth expectations of the Automotive Night Vision System.
The night activity, fueled by the development of logistics and delivery and shipping worldwide, is increasing with the rapid expansion of logistics and transportation businesses. The vast majority of the shipments and driving a courier are only delivered during the night time in logistics companies.
Consequently, an increase in deaths and car crashes during nighttime hours is a challenge for the international community. In light of that, night-driving technology and cameras are becoming increasingly popular in the logistics industry. This factor is responsible for growth in Automotive Night Vision System used in various end use vehicle type.
The developing trend of advance driver assistance system (ADAS) installation in the vehicle also propelling the growth of automotive night vision system Market. The main focus of auto manufacturers is the enhancement of security in their cars.
One pioneering development on this topic is integrating the driver assistance system with night vision capabilities in the vehicle. Automobile producers are working towards improving the security level of vehicles by introducing vehicles that have the advance driver assistance system.
Like automobiles and trucks, military ground transport vehicles like tanks or Humvees typically feature night vision systems. Hence, the sale of actual systems is increasing. Individuals today usually prefer to purchase luxury vehicles in which such systems are present. That, the heightened need for luxury vehicles, also causes a surge in sales for night vision systems.
The rapid technological growth in the auto sector has enabled the rise of the market for Automotive Night Vision System (ANVS). The automobile-producing corporations are investing heavily in technology for the development of catalyst support systems for driver assistance.
Night vision cameras, controllers, and sensors are some of the main influencer developments of this innovation. New and improved varieties of sensor sensors are being included in automotive steerage systems like the near and far infrared method.
The near-infrared strategy takes advantage of the radiations bounced of the object and illuminates it by extending the revolving solid infra-red array. As a result, the resulting information appears like what is produced through the infra-red spectrum.
Night vision systems that make use of far infrared detection have the advantage that they show objects to keep track of them naturally. Though far-right infrared systems signify the objects detected with heat, these systems have competitive prices and offer soothing imagery to the driver.
Similarly, the development of 3D-supported vehicle night vision systems presents a significant opportunity for market participants. Using laser pulses, night vision systems that are based on light detection and ranging (LiDAR) produce a 3D representation of the surrounding area.
Currently, this technology is being developed by automakers for greater integration in vehicles. Automotive night vision system manufacturers can use this technology to grow their client base and market share.
Geographically, the market is sub-segmented into five countries as Germany, France, Spain, Italy, UK, and countries in Eastern Europe. Among all of these region, Germany and U.K are among the top countries in terms of end use sectors, collectively accounting as a prominent contributor to the total Automotive Night Vision System in 2021.
Germany is expected to exhibit significant CAGR and lead the market for Automotive Night Vision System market. According to ‘Germany trade and Invest’ data, Germany's core business is the automotive sector, and the German auto industry is one of the prominent in the world.
Additionally, when it comes to high-tech automotive items, including autonomous driving technology, Germany is among the strongest nations in the world.
German automobile manufacturers produced over 15.6 million vehicles in 2021 which making Germany Europe’s leading automotive production site. German cars embody highly cherished values of innovation, reliability, safety, and design into it, which also includes night vision system in it.
Similarly, UK is also lucrative market for night vision system creating opportunity for market growth in forecasted period through its developing automotive sector having a lengthy history of invention and advanced engineering.
According to ‘Automotive council of UK’ country’s Automotive sector has the second largest manufacturers sector with expenditure of research and development, which fuel the growth of night vision system market.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
Key players operating in the Europe Automotive Night Vision System Market include Robert Bosch GmbH, Autoliv Inc., TRW Automotive, Omron Corporation, L-3 Communications Holdings, DENSO Corporation, OmniVision Technologies, Inc., and Continental AG.
The players in this market concentrate on releasing cutting-edge products. The main techniques used by major key players is to increase their geographic footprint, market share, and client base by acquisitions and mergers.
The government's push for safety and security, the economic recovery, and the rise in general technological awareness are all contributing to the predicted growth of the Europe automotive night vision system market in the future.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 15.80% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Tons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Technology, Sales Channel, Vehicle Type, Region |
| Region Covered |
Europe |
| Key Countries Covered |
Germany, France, Spain, Italy, UK, Eastern Europe |
| Key Companies Profiled |
Robert Bosch GmbH; Autoliv Inc.; TRW Automotive; Omron Corporation; L-3 Communications Holdings; DENSO Corporation; OMillioniVision Technologies, Inc.; Continental AG. |
| Customization & Pricing | Available upon Request |
In 2021, the value of the Europe Automotive Night Vision System Market reached over US$ 151.7 Mn.
During the forecast period, the Europe Automotive Night Vision System Market is estimated to expand at a CAGR of 14.8% during 2022-2032.
The Europe Automotive Night Vision System Market is projected to reach US$ 604.8 Mn by the end of 2032.
Germany is projected to lead the Europe Automotive Night Vision System Market in the forecast period.
The key players operating in the Europe Automotive Night Vision System Market are Robert Bosch GmbH, Autoliv Inc., TRW Automotive, Omron Corporation, L-3 Communications Holdings, DENSO Corporation, OmniVision Technologies, Inc., and Continental AG.
| Estimated Industry Size (2024E) | USD 5,109.3 million |
|---|---|
| Projected Industry Value (2034F) | USD 9,416 million |
| Value-based CAGR (2024 to 2034) | 6.3% |
| Projected Forecast Value (2023) | USD 302.9 million |
|---|---|
| Projected Forecast Value (2033) | USD 465.8 million |
| Growth rate | 4.4% CAGR |
| Market Estimated Size (2023) | USD 6,211.0 million |
|---|---|
| Market Forecasted Size (2033) | USD 29,601.1 million |
| Market CAGR (2023 to 2033) | 16.9% |
| Base Year Market Value (2023) | USD 93.9 billion |
|---|---|
| Projected Year Market Value (2033) | USD 414.5 billion |
| CAGR (2023 to 2033) | 16% |
Explore Safety Technologies Insights
View Reports
Europe Automotive Night Vision System Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
