Automotive Night Vision System Market Size

Statistics for the 2023 & 2024 Automotive Night Vision System market size, created by Mordor Intelligence™ Industry Reports. Automotive Night Vision System size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Automotive Night Vision System Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Automotive Night Vision System Market  Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 11.00 %
Fastest Growing Market Asia-Pacific
Largest Market Europe
Market Concentration High

Major Players

Automotive Night Vision System Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Automotive Night Vision System Market Analysis

The Automotive night vision system market was valued at USD 3.33 Billion in 2021 and is expected to grow to USD 6.23 Billion by 2027, registering a CAGR of over 11% during the forecast period (2022-2027).

The Covid-19 pandemic had a negative impact on the market. With low vehicle sales reported In 2020, the significant market potential for night vision systems was shallow. Also, with significantly less or almost zero vehicular movements, the aftermarket sector of the industry did not register many sales. However, with the expected increase in sales of passenger vehicles and increased awareness of safety in both passenger and commercial vehicles, the market is looking forward to reviving and growing economically back to pre-covid conditions.

Over the medium-term growing public awareness of road safety, increased sales of luxury cars, and the inclination of automobile manufacturers to develop more advanced technologies to prevent accidents (due to the enactment of stringent regulations by governments and safety organizations) are likely to support demand in the market.

Though night vision systems (NVSs) are currently available only for luxury cars, they are expected to be available in the mass mid-car segments by the end of 2023. However, the high prices of night vision systems pose a significant threat, as the technologies used in systems, like sensors and display units, are expensive.

Europe is the largest Automotive Night Vision System Market Despite the Chinese market experiencing sluggish growth, the world's largest automobile market. On the other hand, Asia-Pacific is expected to grow significantly attributed to the proliferation of automotive & automotive component manufacturers in APAC countries, including China, India, and Japan.

Automotive Night Vision System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)