Global Automotive Thermal Imaging Market Research Report: Forecast (2024-2030)

Market Definition

Thermal imaging is a method of changing infrared (IR) radiation (heat) into visible pictures with the help of a thermal camera to acquire records about objects. In the automotive context, thermal imaging is especially useful for detecting pedestrians, animals, and different cars, thus improving driver awareness and reducing the hazards of accidents, specifically at night or in challenging driving conditions. In addition, it is also used for repairing automobiles through the inspection of an automobile in case of damage.

Market Insights & Analysis: Global Automotive Thermal Imaging Market (2024-30):

The Global Automotive Thermal Imaging Market is estimated to grow at a CAGR of around 2.8% during the forecast period, i.e., 2024-30. The market growth is attributed to the stern policies of governments across the globe regarding the integration of advanced automobile structures to ensure the safety of people. Governments are increasingly worried about street traffic troubles and injuries, which has resulted in the imposition of diverse requirements and rules regarding the adoption of advanced structures consisting of thermal imaging structures in vehicles.

Furthermore, the increasing consumer demand for safety as well as comfort in driving is propelling the adoption of automotive thermal imaging systems. These systems have capabilities such as night vision, sensors, etc. that tell the drivers about the location of an object at an approximate distance before coming into contact with the vehicle. This develops safety and comfort among consumers, ultimately driving the demand for these systems. In addition, rising technological advancements and innovation in the automotive sector are boosting the adoption of new products in thermal imaging, which is proliferating worldwide. The increasing research and development by governments as well as organizations in thermal imaging systems propels the adoption of superior products, augmenting market growth.

The escalating electric vehicle industry further creates a favorable environment for the thermal imaging industry. There has been a significant surge in the manufacturing of electric vehicles in regions such as Asia-Pacific, Europe, etc. The shifting consumer preference towards sustainability and high emission rates is driving the demand for electric vehicles across the globe. The majority of newly manufactured electric vehicles are already integrated with thermal imaging systems for the advanced safety of consumers. Additionally, the increasing demand for luxury vehicles equipped with state-of-the-art safety and convenience features further propels the adoption of thermal imaging technology.

Moreover, the growing awareness among consumers regarding the benefits of thermal imaging, such as its ability to detect obstacles and hazards beyond the range of headlights, is further driving its adoption in vehicles across various segments. Moreover, the surging innovation of thermal imaging sensors and components, coupled with advancements in manufacturing processes, makes these technologies more accessible to automotive OEMs, fostering market size & volume.

Global Automotive Thermal Imaging Market Driver:

Increasing Number of Road Accidents & Casualties Worldwide Propelling the Demand for Automotive Thermal Imaging Systems – The growing urban population and overall increase in consumer spending globally have resulted in increasing car ownership across the world. The traffic due to the many vehicles on the roads has been increasing significantly in both developed and developing nations such as China, the US, India, etc. This has increased the risk of road accidents and casualties across the globe, necessitating the demand for automotive thermal imaging solutions. Moreover, the improper road infrastructure and poor design of road networks and tunnels have further accelerated the incidence of road accidents globally. In addition, the distracted driving of individuals and poor visibility at night due to improper safety features in vehicles are leading to increased road injuries among consumers. For instance,

• In 2022, according to the World Health Organization, approximately 1.3 million people die each year as a result of road traffic crashes.

Consequently, the demand for automotive thermal imaging systems is rising rapidly to ensure the safety and security of individuals by providing drivers with improved visibility in low light, adverse weather, and darkness. Thermal imaging detects the heat signatures and levels that are emitted by the objects and alerts the driver regarding the same. The systems also identify obstacles in the route of vehicles, such as animals, pedestrians, and other vehicles that might not be visible in the darkness, which is prompting its adoption among individuals worldwide. The governments are also laying safety regulations for automotive vehicles, which is generating demand for automotive thermal imaging systems. Thus, the rising accidents are leading to the surged adoption of these systems, propelling the growth of the Global Automotive Thermal Imaging Market.

Global Automotive Thermal Imaging Market Challenge:

Troubleshooting Image Consistency Errors Posing a Significant Barrier to its Widespread Implementation – The prime factor that restrained the growth & expansion of the Global Automotive Thermal Imaging Market is the problem associated with image consistency in thermal imaging cameras. The extreme temperatures and precipitation seldom lead to misidentification and inconsistency in the results of thermal imaging. These factors affect thermal imaging accuracy, leading to unreliable detection of obstacles and hazards on the road and pathways.

Moreover, the thermal imaging systems also face issues when the vehicle is at high speed, like on highways, and the sudden appearance of any obstacle takes time to confirm, leading to inconsistency in the results. These issues take away trust among both consumers and automotive manufacturers, impeding its market adoption. Consumers and automotive manufacturers demand dependable safety features to integrate into their vehicles, and inconsistent images with error detection drive them away from automotive thermal imaging solutions, hampering market growth.

Global Automotive Thermal Imaging Market (2024-30): Segmentation Analysis

The Global Automotive Thermal Imaging Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the global level. Based on the analysis, the market has been further classified as:

Based on Technology

• Cooled
• Uncooled

The uncooled segment is likely to exhibit the fastest growth rate and considerable market share in the Global Automotive Thermal Imaging Market during the forecast period as well. The demand for uncooled thermal imaging is increasing due to its better applications in poor environmental conditions such as fog, dust, and rain, as well as during the night. Moreover, uncooled thermal imaging systems often require limited maintenance and upgrades, which further save costs for consumers, propelling their adoption among consumers. Uncooled systems are comparatively cheaper than cooled systems, which is why they are incorporated in a large number of vehicles, driving their adoption globally. Thus, the lower cost associated with uncooled thermal imaging systems, coupled with a lower requirement for maintenance and repair, augments their adoption and market growth.

Based on Application:

• Monitoring and Inspection
• Security and Surveillance
• Detection and Measurement

The monitoring and inspection segment held the largest market share in recent years and is anticipated to witness continuous growth during the forecast period. The market growth of this segment is attributed to the rising use of thermal imaging systems for quality control, inspection, and predictive maintenance. The thermal imaging systems help consumers get data related to nearby objects and the performance of the vehicle, which is crucial for monitoring and inspection purposes. Furthermore, these systems are effectively used in monitoring the engine conditions, temperatures, and other electronic parts of the vehicle, further boosting its application for monitoring and inspection.

Additionally, the integration of thermal imaging systems in automotive manufacturing processes helps in the efficient monitoring of production lines while ensuring safety standards and regulatory requirements, further surging the market share of the monitoring and inspection segment in the market.

Global Automotive Thermal Imaging Market (2024-30): Regional Projections

Geographically, the Global Automotive Thermal Imaging Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Geographically, among all regions, Asia-Pacific is anticipated to dominate the market during the forecast period. The major market growth in the region is attributed to the increasing population levels demanding passenger cars in countries like China, India, Thailand, etc. With consumers becoming more inclined toward vehicle ownership, the demand for thermal imaging systems in vehicles is increasing. The region also has high manufacturing capacities for automotive production for both personal and commercial vehicles, which is further surging the demand from OEMs in the automotive sector. The region has major automotive companies like Toyota, Honda, BMW, etc., with their expansive manufacturing units and high export potential. This, in turn, is significantly propelling the demand for thermal imaging solutions and augmenting market growth.

Furthermore, the rising demand for luxury cars with superior cabin comfort has been fueling the size & volume of the automotive thermal imaging market in the region, which is expected to grow steadily in the coming years.

Global Automotive Thermal Imaging Industry Recent Development:

• In 2023: Owl AI launched monocular 3D thermal ranger computer vision with 2D & 3D perception for object classification for ADAS & autonomous vehicles.

Gain a Competitive Edge with Our Global Automotive Thermal Imaging Market Report

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