Automotive Night Vision Sensors Market

The global Automotive Night Vision Sensors market was valued at USD 3.8 Billion in 2020 and is projected to reach USD 6.9 Billion by 2028, growing at a CAGR of 10.90%% from 2021 to 2028.

Night vision is primarily a feature in some vehicles that uses thermographic sensors to detect IR waves and determines the distance of objects ahead and also ensures safety of drivers and others. The infrared and thermal sensors are usually mounted in the vehicle’s grille and display images in the screen in the center dashboard.

The global Automotive Night Vision Sensors market is segmented based on by Technology Type, Display Type, Regions, and Countries. This report provides an analysis of the global Automotive Night Vision Sensors market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report covers exhaustive analysis on the global Automotive Night Vision Sensors industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. The report provides a detailed study on various product types and their applications in different industry verticals at the global/regional/country level. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

COVID-19 pandemic led to government of numerous countries across the globe to impose stringent lockdown measures during the primary stages. This led to numerous challenges owing to the supply chain. However, the market witnessed steady growth over the later stages as the governments lifted restrictions on construction activities. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The growing sale of luxury cars is anticipated to augment the growth of the automotive night vision sensors market during the forecast period. This is attributable to the rapid urbanization, rising disposable income of the consumers, and improvement in dynamics. Furthermore, increase in global sales of automobiles has also caused a major inclination towards the adoption of personal vehicles which is in turn expected to support the growth of the automotive night vision sensors market.

The increasing awareness associated with road safety is anticipated to augment the global automotive night vision sensors market in the years to come. The governments as well as automotive manufacturers are being highly focused on several on-road safety measures. The companies are also focussing towards adding numerous features for safety with strong research & development activities. The development of advanced driver assistance systems (ADAS) is also supporting the growth of the global automotive night vision sensors market.

The major factor that is anticipated to hamper the growth of the global automotive night vision sensors market is the high cost of advanced technology used in nigh vision systems such as sensors and the display units are expensive. However, the present inclination towards using new technology for better results will surge the demand for global automotive night vision sensors market during the forecast period.

Technology Type Analysis: Preview

On the basis of Technology Type, the market is segmented into Far Infrared (FIR), Near Infrared (NIR). Far Infrared (FIR) held the highest share in the global Automotive Night Vision Sensors market and is projected to witness the same trend during the forecast period. Companies in this sector are opting to advanced technologies in their supply chain to cater the end user requirements effectively.

Display Type Analysis: Preview

Based on Display Type, the market is segmented into HUD, Navigation System, Instrument Cluster. HUD accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Based on region, the global Automotive Night Vision Sensors market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. Developing economies in the Asia Pacific region such as China and India are expected to make notable contributions in the growth over the coming years. Thus, it is expected that the Automotive Night Vision Sensors market is anticipated to rise over the forecast timespan.

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Automotive Night Vision Sensors market are Raytheon Company, Hella KGaA Hueck & Co., BrightWay Vision, Daimler AG, DENSO Corporation, Autoliv Inc., Visteon Corporation, Delphi Automotive PLC, Magna International Inc., Valeo SA, Aisin Seiki Co Ltd, Robert Bosch GmbH, Audi AG, FLIR Systems Inc., L3 Technologies Inc... The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

• The global Automotive Night Vision Sensors market was valued at USD 3.8 Billion in 2020
• The global Automotive Night Vision Sensors Market is projected to reach USD 6.9 Billion by 2028
• Asia Pacific held the highest share of the Automotive Night Vision Sensors market in 2020
• Some of the major companies operating in the Automotive Night Vision Sensors market are Raytheon Company, Hella KGaA Hueck & Co., BrightWay Vision, Daimler AG, DENSO Corporation, Autoliv Inc., Visteon Corporation, Delphi Automotive PLC, Magna International Inc., Valeo SA, Aisin Seiki Co Ltd, Robert Bosch GmbH, Audi AG, FLIR Systems Inc., L3 Technologies Inc..