Global Night Vision System Market – Industry Trends and Forecast to 2029

Get Exclusive Sample PDF of this Report Here

Night Vision System Market Analysis and Size

Night vision systems are generally used as optional device on premium vehicles. The global night vision system market is anticipated to experience the huge potential growth during the forecast period because of the amalgamation of night vision systems with upgraded front lighting systems. It creates the driver's visions and recognizes the potential hazards' presence. The increase in the awareness among the consumers regarding the purchases of the higher safety systems in automotive is also projected to drive the global night vision system market share

Data Bridge Market Research analyses that the night vision system market was valued at USD 3.00 billion in 2021 and is expected to reach USD 8.01 billion by 2029, registering a CAGR of 13.06% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Night Vision System Market Scope and Segmentation

Get Exclusive Sample PDF of this Report Here

Market Definition

A night vision system is a device and it uses a thermographic camera to upsurge a driver's seeing distance and perception in poor weather or darkness beyond the reach of the automotive headlights. These systems delivers as optional equipment on certain premium vehicles.

Night Vision System Market Dynamics

Drivers

• Road Safety

The increase in awareness regarding road safety among the customers is the major factor expected to drive the night vision system market growth. Government of many countries are taking several initiatives to drop the number of road accidents.

• High End Luxury Cars

The rise in the sales of high end luxury vehicles is accelerating the growth of the night vision system market. The upsurge in disposable income of consumers is rising the demand for high end luxury cars among the population overall the globe.

• Increase in Transportation

The rise in the number of fleet size transportation and logistics companies making night vision system necessary for vehicle security and timely delivery further influence the market's growth.

Opportunities

• Technological advancement

The rising advancements in thermal imaging technologies are anticipated to offer significant stimulus growth to the market. Thermal imaging can help the companies to expedite quality inspection as the world of car manufacturing becomes smarter. Thermal can be included at every stage of the whole procedure, from back window heating to glue bead placement, recognizing faults that machine vision might miss. This advancement create the beneficial opportunity for the growth of the market.

Furthermore, increase in strategic collaborations and rise the number of emerging new markets will also boost beneficial opportunities for the growth of the night vision system market.

Restraints/Challenges

High cost and lack of awareness

The high cost which has mainly associated with the installation of this system and failure of cellular based tracker and GPS are anticipated to obstruct the market growth rate. Moreover, lack of awareness among the consumer regarding the night vision system is expected to challenge the night vision system market in the forecast period of 2022-2029.

This night vision system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the night vision system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Night Vision System Market

The outbreak of COVID-19 had a negative impact on the global night vision system market because of commute restrictions. The market faced several challenges, such as working capital management, regulatory and policy changes, supply chain execution and dependency on labour. Though, the companies make strategic cost-saving plans to manage the pandemic's impact. The demand for software and vehicle tracking hardware has increased to cater and manage to the continuous supply of important products in the post pandemic scenario.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Night Vision System Market Scope

The night vision system market is segmented on the basis of technology, component, system, vehicle type, display, frequency range and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

• FIR (Far Infrared)
• NIR (Near Infrared)

Component

• Controlling Unit
• Display Unit
• Sensor

System

• Active NVS
• Passive NVS

Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

 Display

• Head-Up Display
• Instrument Cluster
• Navigation Display

Frequency Range

• Low
• Medium
• High

 Sales Channel

• Original Equipment Manufacturers (OEMs)
• Distributors

Night Vision System Market Regional Analysis/Insights

The night vision system market is analysed and market size insights and trends are provided by country, technology, component, system, vehicle type, display, frequency range and sales channel as referenced above.

The countries covered in the night vision system market report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the night vision system market in terms of revenue and share during the forecast period of 2022-2029. This is due to the prevalence of majority of manufacturers in this region.

Asia-Pacific is anticipated to be the fastest developing region due to the development of automobile industry coupled with development in living standard and improved infrastructure in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Night Vision System Market Share Analysis

The night vision system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to night vision system market.

Some of the major players operating in the night vision system market are:

• AISIN SEIKI Co. Ltd. (Japan)
• Valeo (France)
• Veoneer Inc. (Sweden)
• OMRON Corporation (Japan)
• Magna International Inc. (Canada)
• DENSO CORPORATION (Japan)
• ZF Friedrichshafen AG (Germany)
• Aptiv (Ireland), Robert Bosch GmbH (Germany)
• Continental AG (Germany)
• Autoliv Inc. (Sweden)
• Visteon Corporation (U.S.)
• ATN Corp. (U.S.)
• FLIR Systems, Inc. (U.S.)
• SATIR (Denmark)
• BAE Systems (U.K.)
• Bharat Electronics (India)
• Thales (France)
• Adorama Camera, Inc (U.S.)

SKU-53692