Automotive Clear Vision System Market

Automotive Clear Vision System Market Outlook (2022-2032)

Worldwide sales of automotive clear vision systems are currently valued at around US$ 22.8 Bn. Looking ahead, the global automotive clear vision system market is predicted to expand at a CAGR of 5.5% to reach a market valuation of US$ 35.7 Bn by 2032-end.

Report Attributes	Details
Automotive Clear Vision System Market Size (2021A)	US$ 19.1 Bn
Estimated Year Value (2022E)	US$ 20.8 Bn
Projected Year Value (2032F)	US$ 35.7 Bn
Global Industry Growth Rate (2022-2032)	5.5% CAGR
Europe Market Share (2021)	~22.2%
North America Market Growth Rate (2022-2032)	5.3% CAGR
Collective Value Share (US, France, China) 2021: Top 3 Countries	~43%
Top 3 Companies’ Market Share (2021)	~30%
Key Companies Profiled	Robert Bosch GmbH Kautex Textron GmbH & Co. KG Continental AG Valeo SA HELLA KGaA Hueck & Co Denso Corporation Trico Products Corporation Mitsuba Corporation Ficosa Internacional SA Mergon Group ABC Group Holdings Parent Inc. Other Players

Worldwide sales of automotive clear vision systems account for 1.1% share of the global automotive component market, which is set to expand at 2.3% CAGR over the decade.

Historical Analysis (2017-2021) Vs Automotive Clear Vision System Market Outlook (2022-2032)

According to recent industry analysis by Fact.MR, a market research and competitive intelligence provider, the global clear vision system market was valued at US$ 19.1 Bn in 2021. Clear vision system sales experienced a historic growth of -1.7% CAGR between 2017 and 2021, mainly affected by the COVID pandemic.

Demand for an automotive clear vision systems is constantly experiencing growth owing to mounting use in SUVs and luxury vehicles. Market demand is assessed to grow 1.7X by the end of 2022-2032.

The global automotive clear vision system market is estimated to generate an absolute dollar opportunity of around US$ 16.6 Bn over the decade, where East Asia is a significant market contributor.

Based on offerings, the washer fluid fill & storage systems segment is a three-fourths market shareholder and is expected to provide an absolute dollar opportunity of around US$ 9.5 Bn by the end of 2032.

The COVID-19 pandemic highly impacted the sales of clear vision systems globally. However, the OEM and aftermarket segments are likely to upsurge at a CAGR of 4.6% and 8.1%, respectively, throughout the assessment years. Fact.MR projects that the clear vision system industry is likely to observe growth at 5.5% CAGR from 2022 to 2032.

What are the Key Factors Driving Growth of the Automotive Clear Vision System Market?

“Increasing Vehicle Production Building Base for Automotive Clear Vision System Demand”

In 2021, total vehicle production was around 80.2 Mn. In this, production of passenger vehicles and commercial vehicles were nearly 57 Mn and 23 Mn, respectively. However, increasing number of private vehicles is unquestionably indicative of society's progress.

Growing number of vehicles has provided necessary the boost to the demand for automotive clear vision pumps, wipers, etc., around the world. This growth in private as well as commercial vehicle demand is driving the market for automotive clear vision solutions and systems.

Moreover, regulations for automotive specifications across different regions, wherein, the inclusion of clear vision systems is a must, is likely to drive demand for automotive clear vision systems and also for automotive night vision systems going forward.

“Rising Technological Developments in Autonomous Vehicles to Drive Sales of Automotive Clear Vision Systems Components”

Autonomous vehicles are designed to be fully self-driven. They rely on perception sensors that act as vision points for driving purposes. Sensor technology is of prime importance in autonomous vehicles.

Presence of mud, dirt, bird droppings, or rainwater may affect the visibility of the sensors and can hamper their ability to deliver information to the onboard systems. Such challenges in self-driving vehicles can lead to fatal incidents. As autonomous cars are the upcoming great innovation in the automobile industry, the need for sensor windshield cleaning systems will gain higher importance.

Further, demand for automotive clear vision wipers will rise owing to increasing demand for hoses & connectors to have a clear vision windshield. Global warming is increasing weather uncertainties, which is boosting clear vision windshield sales.

Increasing adoption of sensors creates the need for cleaning them during driving to have a clear vision. Sensors and other ADAS component manufacturing companies are investing in R&D to make better products. This is motivating clear vision system component manufacturers to invest more in technology to match the requirements of cleaning advanced sensors.

“Competitive Environment in Visibility Solutions Helping Market Remain Dynamic & Innovative”

Developments in the automotive industry have led to the generation of intense competition between key market players. Competition is seen in the form of new product launches that provide solutions related to visibility in both commercial and passenger vehicles.

Product innovations such as LIDAR-based cleaning systems, ultrasonic sensor cleaning, and aerodynamic sensor cleaning are a few examples that highlight the extent of the product offerings catering to the requirements of the automotive sensor market.

These developments have created intense demand for new cleaning innovations such as telescopic nozzles for headlamps and sensors. These innovations will substantially favor the growth of automotive clear vision systems market globally.

Will Automotive Clear Vision System Manufacturers Encounter any Hurdles?

“Rise in Maintenance Cost of Vehicles and Integration of Pivoted Cameras Likely Hamper Overall Growth”

A camera clear vision system comprises numerous components and a 5- to 10-liter reservoir, which significantly enhances the cost of the whole system. Moreover, it would also increase the maintenance cost of the vehicle, which, in turn, is likely to hinder the adoption of vehicles integrated with cleaning systems.

For example, some manufacturers install the front and rear cameras behind the symbol of the vehicle in which the symbol pivots when the transmission is opposite to expose the camera lens. Thus, it reduces the chances of the camera lens getting dirty due to the deposition of mud or snow, which, in turn eliminates the requirement of camera cleaning system.

Country-wise Insights

How is Demand for Automotive Washing Systems Shaping Up in China?

The East Asia automotive clear system market is a dominant shareholder in the global market. East Asia accounts for nearly two-fifths market share, where the Chinese automotive clear vision system market is a significant contributor to the growth of the market.

In FY-2021, China solely manufactured nearly 26 Mn vehicles, including 21.4 million cars and 4.6 Mn commercial vehicles, which is the highest number in the global market. It acquired about 70% market share in the East Asia market.

The Chinese clear vision system market is expected to gain 97 BPS and generate an absolute dollar opportunity of around US$ 5.4 Bn by the end of 2032.

Why is the Indian Clear Vision System Market Attracting Several Manufacturers?

From a growth perspective, South Asia and Oceania is the most lucrative market for automotive clear vision systems and automotive night vision systems owing to increasing population and rising per capita income. This is driving demand for compact cars, SUVs, and luxury cars.

India is luring automotive manufacturers to produce vehicles in the country. The Indian government is formulating attractive policies to become one of the leading manufacturing economies globally.

The India automotive clear vision system market is expected to expand at a CAGR of 6.9% and touch a market valuation of US$ 2 Bn by the end of 2032. It is assessed to generate an absolute dollar opportunity of around US$ 1.1 Bn between 2022 and 2032.

Category-wise Insights

Will Adoption of ADAS Systems Rise Substantially Going Forward?

Adoption of advanced driver-assistance systems is likely to be considerably high in cold regions due to higher probabilities of deposition of mud and snow on camera lenses. Furthermore, regions that witness extreme colds, such as Europe and North America, experience high diffusion of assistance cameras in vehicles. Therefore, these regions provide significant opportunities for the adoption of camera cleaning systems in vehicles.

However, reservoir heating systems, under washer fluid fill & storage systems, are expected to witness growth at around 7.4% CAGR during the forecast years and offer a significant absolute dollar opportunity in the same time frame of ten years.

Which Vehicle Type is Seeing Highest Installation of Clear Vision Systems?

Passenger cars, under vehicle type, is the best-performing segment owing to the highest demand for different types of cars such as SUVs, luxury cars, compact cars, etc. Demand for SUVs and compact cars is the highest in the North Americas and European vehicle markets, owing to which, consumption of advanced automotive clear vision systems and automotive night vision systems is increasing significantly.

• Demand for small-sized passenger cars is very high in Asia, owing to which, demand for windshield and headlamp washing systems is gaining traction. The passenger car segment has acquired more the one-seventh market share in the global vehicle market, under which, the mid-sized cars segment is the largest contributor to the growth of the overall market.

Top Companies in Automotive Clear Vision System Market

The global automotive clear vision system market is highly competitive in nature owing to the presence of several players. Companies from China, Germany, and the United Stated have a competitive edge owing to technological advancements and a high pool of investments.

Moreover, leading automotive clear vision system suppliers have adopted various strategies, including mergers & acquisitions, partnerships with suppliers and manufacturers, R&D investments, geographical expansions, etc., to gain significant market share.

Top manufacturers of automotive clear vision systems are Robert Bosch GmbH, Kautex Textron GmbH & Co. KG, Continental AG, Valeo SA, HELLA KGaA Hueck & Co, Denso Corporation, Trico Products Corporation,Mitsuba Corporation, Ficosa Internacional SA, Mergon Group, and ABC Group Holdings Parent Inc..

For instance:

• On March 3, 2022, Mergon Group announced the acquisition of a U.K.-based technical blow moulded components supplier - Weltonhurst Limited. This acquisition will help the company expand its manufacturing capabilities in the U.K. market
• On December 2, 2020, Trico Products Corp.’s First Brands Group™ acquired Centric® parts. This acquisition will help company strengthen its aftermarket product portfolio as well as ensure a strong presence in the market.

Fact.MR has provided detailed information about the price points of top manufacturers of automotive clear vision systems positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Automotive Clear Vision System Industry Survey Segmentation

• Automotive Clear Vision System Market by Offering:

  • Washer Fluid Fill & Storage Systems
    • Reservoirs
    • Inlet and Filler Tubes
    • Fluid Level Sensors
    • Reservoir Heating Systems
  • Washer Fluid Management Systems
    • Screen Cleaning Pumps
    • Headlamp Cleaning Pumps
    • ADAS Cleaning Pumps
    • Other Accessories (Hoses, Connectors)
  •  Surface Cleaning Systems
    • Screen Wash Nozzles
    • Headlamp Wash Nozzles
    • ADAS Wash Nozzles
    • Heated Wash Nozzles

• Automotive Clear Vision System Market by Vehicle Type:

  • Passenger Cars
    • Mid-Size
    • Compact
    • Luxury
    • SUVs
  •  Commercial Vehicles
    • LCVs
    • HCVs
    • Coaches & Buses

• Automotive Clear Vision System Market by Distribution Channel:

  • OEM
  • Aftermarket

• Automotive Clear Vision System Market by Region:

  • North America Automotive Clear Vision System Market
  • Latin America Automotive Clear Vision System Market
  • Europe Automotive Clear Vision System Market
  • East Asia Automotive Clear Vision System Market
  • South Asia & Oceania Automotive Clear Vision System Market
  • MEA Automotive Clear Vision System Market