Automotive Vision Systems Market Trends, Sector Overview and Forecast to 2028
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Automotive Vision Systems Market Report Overview
The automotive vision systems market size was estimated at 709.3 million units in 2023. The market will grow at a CAGR of more than 1% during 2023-2028. Increased consumer awareness regarding road safety and a desire for advanced features are driving the growth of vision system technologies. The Asia-Pacific region had a significant share in the automotive vision systems market.
Automotive Vision Systems Market Outlook 2023-2028 (Million Units)
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The automotive vision systems market research report provides a comprehensive overview of the market trends and drivers. The report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers at a global and regional level. Furthermore, it helps evaluate strategic initiatives by market players and their recent product innovations. The report also provides an overview of patent filings across; regions; countries; and top applicants.
Market Size (2023) | 709.3 Million Units |
CAGR (2023-2028) | >1% |
Key Segments | Infrared Reflective Glazing, Mirrors – Non-Auto-Dim EXT, Mirrors – Non-Auto-Dim INT, and Wiper Blades |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Key Companies | AGC Inc, Saint-Gobain Sekurit, Central Glass Co Ltd, and Fuyao Group |
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Automotive Vision Systems Market Trends
The key trends shaping the growth of the automotive vision systems industry are the innovation of new vision technology features and the surge in the demand for Advanced Driver Assistance Systems (ADAS).
Innovating new vision technology features helps automakers prioritize not only road safety but also driver comfort and offer a premium aesthetic to the car. In addition, consumers are prioritizing comfort and are willing to invest more in beneficial features such as auto-dimming mirrors compared to standard non-auto-dimming mirrors.
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Automotive Vision Systems Market Segmentation by Region
Asia-Pacific market leads in the global vision systems market in 2023.
The key regions in the automotive vision systems market are Asia-Pacific, Europe, North America, South America, and MEA. Consumers in China and Japan are adopting modern automotive vision system features such as auto dim mirrors and heads-up displays, which is driving growth in the sector.
Automotive Vision Systems Market Analysis by Region, 2023 (%)
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Automotive Vision Systems Market – Competitive Landscape
A few of the leading companies in the automotive vision systems market are:
- AGC Inc
- Saint-Gobain Sekurit
- Central Glass Co Ltd
- Fuyao Group
- Others
The head-up display by Saint-Gobain Sekurit projects crucial information such as current driving speed or GPS navigation directly into the driver’s field of view.
The company even took a few strategic actions to uplift the growth of the automotive vision systems market. For instance, in September 2023, Saint-Gobain successfully finalized the divestiture of its glass processing entity, Glassolutions, in Slovakia to ‘Glasora a.s.’
Automotive Vision Systems Market Analysis by Companies
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Automotive Vision Systems Market Segmentation by Sectors
In 2023, the wiper blades sector garnered a significant automotive vision systems market share.
The key sectors in the automotive vision systems market are infrared reflective glazing, mirrors – non-auto-dim EXT, mirrors – non-auto-dim INT, and wiper blades among others.
Automotive Vision Systems Market Analysis by Sectors, 2023 (%)
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Automotive Vision Systems Market – Latest Developments
A few of the latest developments in the automotive vision systems market are:
- In 2024, Stellantis N.V. and Valeo mark their collaboration and dedication to a Circular Economy business model by unveiling the inaugural remanufactured automotive video camera mounted on the windshield. This achievement is a product of Valeo Circular Electronics Lab in Nevers.
- KOITO MANUFACTURING and DENSO have disclosed a partnership aimed at enhancing the object recognition capabilities of vehicle image sensors during nighttime driving.
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Key Segments Covered in this Report
Automotive Vision Systems Sector Outlook (Volume, Million Units, 2018-2028)
- Infrared Reflective Glazing
- Mirrors – Non-Auto-Dim EXT
- Mirrors – Non-Auto-Dim INT
- Wiper Blades
- Others
Automotive Vision Systems Regional Outlook (Volume, Million Units, 2018-2028)
- Asia-Pacific
- Europe
- North America
- South America
- MEA
Scope
This report brings together multiple data sources to provide a comprehensive overview of the global vision systems sector. It includes an analysis of the following:
- Trends & Drivers: Provides an overview of the current sector scenario regarding the future outlook in terms of key trends and drivers of the sector.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.
- Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018–2028, and spot estimates for 2030 and 2036. The analysis also covers a regional overview across four regions-Asia-Pacific, Europe, MEA, North America, and South America -highlighting sector size, and growth drivers for the region.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
- Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail.
- This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
- The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
- To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.
Saint-Gobain Sekurit
Magna
Samvardhan Motherson International
Valeo
Robert Bosch.
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Frequently asked questions
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What was the automotive vision systems market size in 2023?
The automotive vision systems market size was estimated at 709.3 million units in 2023.
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What will the CAGR in the automotive vision systems market be during 2023-2028?
The automotive vision systems market will grow at a CAGR of more than 1% during 2023-2028.
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Which was the leading sector of the automotive vision systems market in 2023?
Wiper blades were the leading sector of the automotive vision systems market in 2023.
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Which was the leading region in the automotive vision systems market in 2023?
Asia-Pacific was the leading region in the automotive vision systems market in 2023.
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Who are the leading automotive vision systems market players?
Asahi Glass, Saint-Gobain Sekurit, Central Glass, and others are a few of the leading automotive vision systems market players.
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