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 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

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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.

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.

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.)

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Global Night Vision System Market Scope

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 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

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.

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