The global night vision system and driver monitoring system market size is expected to reach USD 3658 million in 2024 and reach USD 8368.82 million by 2029, growing at a healthy CAGR of 18% from 2024 to 2029.
Night vision systems often use an infrared sensor on the grill to search for hot objects on the road. The sensor is a video camera that captures the infrared spectrum just above visible light. The sensor transmits the moving image to a dash display. Driver Monitoring is a new camera-based system for monitoring driver surveillance, which not only recognizes the driver but also verifies her level of vigilance. The reason for the driver monitoring framework is to caution the driver when indications of laziness or interruption are distinguished.
Together, known as dynamic security frameworks, the night vision framework and the driver monitoring framework are utilized in traveler vehicles. The night vision system and driver monitoring systems are mainly installed in luxury and high-end cars that play an important role in preventing traffic accidents. The night vision system provides the vehicle driver with better vision while driving at night or in dark weather conditions. It also allows the driver to see the road that is beyond the range of the vehicle's headlight. Meanwhile, the driver monitoring system uses infrared sensors to monitor driver attention. The driver monitoring system includes a loaded coupled device (CCD) camera mounted on the steering column that tracks drivers' eyes with infrared LED sensors. The system gives flashing lights and warning sounds alerting the driver in case he loses attention on the road and if there is any chance for a mishap. The system applies automatic brakes to the vehicle if the driver does not do the same in accidental situations.
The main factors driving the demand for automotive night vision systems and driver monitoring systems are increased safety awareness, an increase in sales of high-end cars, and the growth of the global automotive industry. Automotive security systems have played an important role in achieving these targets, and these systems have made vehicles safer for occupants. The recent increase in the attitude of governments and consumers towards the safety features of vehicles is one of the main drivers of the market for automotive systems.
Developed countries have comparatively larger numbers of premium and luxury passenger cars compared to developing countries, thanks to which they have a significant market for night vision and driver monitoring systems. Nonetheless, with the expanding interest in extravagant vehicles in non-industrial nations, the interest in night vision frameworks and driver monitoring frameworks is expanding. The night vision system had a larger market share compared to the driver's control system.
With the increase of vehicles on the roads, the demand for safety has increased among consumers and the government. Passenger cars experience the majority of traffic accidents every year due to driver inattention or poor lighting conditions on the road. To combat this problem, passenger car manufacturers have equipped new high-end vehicles with a night vision system and a driver monitoring system.
The high price is a major limitation for the market for night vision systems and driver control systems; however, the increase in world per capita income reduces its impact.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
18% |
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Segments Covered |
By Type, Application, and Region. |
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Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Aisin Seiki Co., Ltd., Valeo S.A., Omron Corporation, Magna International Inc., Denso Corporation, TRW Automotive, Delphi Automotive PLC, Robert Bosch GmbH, Continental AG, Autoliv, Inc., Visteon Corporation., and Others. |
Commercial vehicles are likely to account for a significant portion of the global night vision system and driver monitoring system market in the coming years.
North America and Europe have an entrenched market for night vision systems and driver monitoring systems because of the high infiltration pace of premium vehicles. Germany, the UK and the US are supposed to be the biggest markets for vehicle night vision and driver monitoring systems. The Asia-Pacific market is foreseen to encounter solid development because of the expansion in disposable income in this area. In Asia-Pacific and the rest of the world, the car night vision framework and the driver monitoring system are growing at a critical development rate, because of the surge in their buying power, excluding expectation of living and GDP development. Other regions like Latin America the Middle East and Africa are also anticipated to witness moderate growth in this market in the following years.
Aisin Seiki Co., Ltd., Valeo S.A, Omron Corporation, Magna International Inc., Denso Corporation, TRW Automotive, Delphi Automotive PLC, Robert Bosch GmbH, Continental AG, Autoliv, Inc. Visteon Corporation. These are the market players that are dominating the global night vision system and driver monitoring system market.
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