Automotive Night Vision System Market Analysis

Automotive Night Vision System Market Analysis

The automotive night vision system market from the UK instrument cluster segment is predicted to exhibit a growth rate of nearly 9% through 2028 owing to increasing trend of electrification and digitalization in luxury passenger vehicles. Instrument clusters in automotive night vision display systems improve graphics and resolution, allowing drivers to drive more safely at night. Furthermore, several car manufacturers including Audi, Volvo, Jaguar, and Tesla are focusing on providing safety features with premium luxury designs. Companies are focusing on developing advanced digital instrument clusters to address the rising industry demand.
 

In 2021, the night vision camera segment in Canada held a market share of approximately 45% led by rising technological advancements in vehicle vision sensing systems. These night-vision cameras are integrated with CMOS image sensors, which are improving the efficiency of vehicle ADAS systems. They also aid in generating blur-free rear & front-view images despite visibility issues, thus increasing their adoption in various ADAS technologies including autonomous driving, automatic emergency braking, 360-degree surround view systems, and driver monitoring systems.
 

Several OEMs are focusing on the collaborative approach to develop new thermal imaging cameras for night vision applications. In September 2021, PlusAI, Inc. collaborated with Teledyne FLIR to develop thermal night vision cameras for Level 4 autonomous technology. Plus employs a multi-modal sensor methodology, currently integrating radars, cameras, and LiDAR to deliver a 360-degree vision around the vehicle powered by its autonomous driving technology.
 

The Asia Pacific automotive night vision system market is anticipated to register 13% gains through 2028 impelled by the rising adoption of Electric Vehicles (EVs) in South Korea, China, and Japan. Several government policies and initiatives supporting the usage of electric vehicles have increased the market potential for manufacturers in the region. For instance, in January 2021, the Environment Ministry of South Korea announced a USD 891.7 million budget for electric vehicle subsidies. EVs priced less than USD 53,000 will be completely subsidized.