Market Overview:
Night Vision System Market Size Was Valued at USD 346.2 Million in 2022 and is Projected to Reach USD 953.44 Million by 2030, Growing at a CAGR of 13.5% From 2023 to 2030.
An object can be seen with the help of a night-vision device in very low light or in complete darkness. A night-vision system is a technology that makes it possible to see objects in low-light situations. The US defense agency initially created night vision technology exclusively for defense. But, as technology developed, night vision equipment began to be employed in daily life. Thermal imaging and image enhancement are compatible with night vision. The process of image enhancement involves gathering minute amounts of light, such as the lower infrared spectrum, and amplifying them until the image is clearly visible.
Top Key Players Covered In The Night Vision System Market:
- Delphi Technologies (UK)
- Robert Bosch GmbH (Germany)
- Denso Corporation (Japan)
- Autoliv Inc (Sweden)
- Magna Electronics (USA)
- Continental Automotive GmbH (Germany)
- TRW Automotive (USA)
- Kyocera Corporation (Japan)
- Veoneer Inc (Sweden)
- FLIR Systems (USA)
- Valeo (France)
- Omron Corporation (Japan)
- Shenzhen Protruly Electronics Co Ltd (China), and Other Key Players
Market Dynamics and Factors:
The rise in the number of accidents during nighttime and therefore inflicted, government regulations about road safety is driving the night vision system market. The rise in the number of accidents during nighttime has become a growing concern for road safety worldwide. Many accidents occur at night due to reduced visibility, making it challenging for drivers to identify road hazards, pedestrians, and other vehicles. In response to this issue, governments worldwide are implementing regulations aimed at improving road safety, including the use of night vision systems. Night vision systems use a combination of technologies, including infrared imaging, thermal imaging, and image enhancement, to provide drivers with a clearer view of the road ahead in low light conditions.
The emergence of completely autonomous driving technology with the help of growing technological improvements in thermal imaging is expected to drive the night vision system market. These systems are essential for ensuring the safety of autonomous vehicles in low light conditions. With growing technological improvements in thermal imaging, night vision systems are becoming more advanced, enabling them to provide better visibility in challenging conditions, such as fog or heavy rain. Autonomous vehicles rely on a combination of sensors, cameras, and other technologies to operate safely on the road.
Night Vision System Market Report Highlight:
- By Type, Passive light is anticipated to lead the growth of the Global Night Vision System market in the forecasted timeframe. Passive night vision systems work by amplifying the available light in the environment, allowing the user to see in low-light conditions. These systems do not emit any light, making them difficult to detect and useful for military and surveillance applications.
- By Technology, the Radar Sensor segment is expected to have the highest share of the Global Night Vision System market over the projected period. . Radar sensors use radio waves to detect and measure the distance to objects. They are commonly used in collision avoidance systems.
- By Component, the Sensor segment is set to develop at the highest CAGR during the forecasted timeframe. Sensors, such as thermal imaging sensors and image intensification sensors, are the most critical component of any night vision system. These sensors capture the available light or thermal radiation and convert it into electrical signals that can be processed and displayed on a screen.
- By Application, Luxury Cars are anticipated to lead the growth of the Global Night Vision System market in the forecasted timeframe. Luxury car manufacturers such as Mercedes-Benz, BMW, Audi, and Lexus offer night vision systems as optional features in their higher-end models. These systems typically use thermal imaging sensors and provide the driver with a clear image of the road ahead in low-light conditions, improving safety and visibility.
- The Asia Pacific region is expected to have the highest share of the Global Night Vision System market over the projected period. The country's growing demand for luxury vehicles and fully automated vehicles contributes significantly to the Night Vision System Market.
Key Industry Development:
- In December 2023, InfiRay, a world-renowned thermal camera manufacturer, made continuous efforts and progress in the infrared field and achieved innovations and breakthroughs in microwave and rangefinding. InfiRay announces that it will present the latest product Auto AI Night Vision System InfiRay NV2 at the Consumer Electronics Show (CES) in Las Vegas from January 9 to 12, 2024, which is the debut of this product in the U.S. By integrating several mature technologies, this product will revolutionize driving safety at night.
Night Vision System Market Segmentation:
By Type
- Active System
- Passive System
By Technology
- Ultrasonic Sensor
- Lidar Sensor
- Radar Sensor
- Others
By Component
- Display Unit
- Controlling Unit
- Sensor
By Application
- Middle and Top-Grade Cars
- Sports Cars
- Luxury Cars
For this report, Introspective Market Research has segmented the Night Vision System Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
