Night Vision Device Market

Analysis from GMI Research finds that the Night Vision Devices Market earned revenues of USD 8.7 billion in 2022 and forecast to touch USD 17.1 billion in 2030 will grow at a CAGR of 8.8% from 2023-2030.

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Major Night Vision Device Market Drivers

The global night vision devices market is expected to grow significantly due to considerable growth in need for surveillance and security, an increase in the occurrence of terrorist attacks, rapid development in infrared and thermal technologies, technological innovations in the industry of video surveillance, and growing military expenditure. Growth in need for optical developments and improved technologies, improvements in the technology of night vision, decreased weight, and size, and developed strength, have made these night vision devices more adaptable and fascinating to a wide variety of end-users are the key propelling drivers for the global night vision devices market.

The demand for night vision devices in defense has increased owing to growth in incidents of terrorist threats, counteractions, border security, and trespassing. There is now an increased demand for security screening in public places, including train stations, border checkpoints, stadiums, and airports, driven by the growing threats of terrorism and unlawful exercises. The demand for night vision equipment is rising, as it proves instrumental in the observation, navigation, detection, and targeting of attackers and trespassers. In addition, wildlife researchers and photographers leverage NVDs to experience animal behavior efficiently. For instance, photographers have harnessed the capability of thermal imaging equipment to capture the unique movements of nocturnal creatures in complete darkness. This utilization of night vision systems, specifically thermal imaging, has supported an increased demand in the global market for night vision devices.

Technical progress and high demand for night vision technology across different industries are predicted to propel the rise in the market size. The usage of night vision devices for civilian applications, including home security, search and rescue, and camping, is contributing to the rising sales. In addition, the growing occurrences of terrorist attacks, border protection requirements, counteractions, and trespassing are further driving the need for night vision devices in defense. Additionally, integrating night vision devices with sensor technologies develops accuracy, leading to more precise predictions, and is predicted to propel increased sales. This fusion technology allows users to easily transmit data and pictures to the central base, facilitating intelligence gathering for different activities. This functionality aids to the increased demand for night vision devices consequently driving the expansion of the night vision devices market size.

The adoption of advanced night vision systems is driven by the demands of modern warfare scenarios and the quest for tactical benefit. In addition, police and law administration agencies use these devices for crime prevention, rescue, and search operations, and developing overall public safety, specifically in challenging nocturnal situations. Furthermore, researchers, conservationists, and wildlife enthusiasts leverage night vision technology to monitor and study nocturnal animals without disrupting their natural habitats. Concurrently, night vision devices are gaining popularity among outdoor enthusiasts involved in activities such as boating, camping, and hunting, where restricted visibility is a challenge during nighttime. Continual technological innovations result in developed image quality, extended battery life, and more compact, portable night vision devices, propelling broader adoption around different segments. The night vision finds application in different industrial sectors including construction, transportation, and manufacturing to develop safety and functional effectiveness during the nighttime exercises.

The market is witnessing rapid growth due to its versatile applications in military and defense. Nevertheless, the high manufacturing costs linked with special materials similar to night vision optics, and the usage of expensive third-generation technology are predicted to restrain market growth. The elevated costs of night vision devices, including goggles, are limiting their widespread usage, primarily confined to military applications. Certain producers are constrained to maintain high prices owing to political considerations, potentially restraining the wider adoption of night vision devices such as scopes, and goggles in the market. Whereas, the night vision device market is expanding due to different benefits such as increased visible imaging for optimal recognition performance, exceptional low-light sensitivity, low power, and cost, potential to recognize and identify individuals, and high resolutions.

Moreover, the factors such as significant growth in expenditure of military and defense, along with modernization will greatly present a positive impact on the global night vision device market trends in the forecast period. In addition to this, the features including developed designs, decreased costs, and easy accessibility also further present a boost to the global market demand. The amalgamation of sensor technology with night vision devices develops precision, allowing users to effortlessly transmit data and pictures to the central base. This fusion technology facilitates the acquisition of intelligence required for different tasks, thereby strengthening the need for these products.

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By Technology, Thermal Imaging Segment is Predicted to dominate the Highest CAGR in the Global Market

The thermal imaging segment growth is driven by different factors such as its capability to detect heat signatures and offer visibility in complete darkness or adverse weather conditions. This technology is frequently employed in military applications, search and rescue exercises, and surveillance, propelling the usage of thermal imaging which further drives the thermal imaging segment growth in the global night vision device market.

By Type, Camera Segment is Anticipated to Account for the Largest Market Size in the Global Market

Night vision cameras play an important role in preventing valuable assets by capturing video evidence of theft, illicit activity, and vandalism in low-light conditions. Unlike many standard security devices or cameras, they excel in fulfilling this task. In addition, innovative night vision security cameras offer a variety of features, making after-hours video surveillance efficient, accurate, and easy. These cameras are witnessing rapid growth and are among the fastest-growing security systems around the globe. Consequently, they are becoming the preferred choice in different industries and, in some instances, by different individuals for applications varying from public and residential infrastructure to industrial settings.

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By Region, North America Region Dominated the Global Market Growth

North America Region registered market growth due to an increase in security threats and breaches, and growth in the dependency on advanced night vision devices. Additionally, the existence of developed infrastructure and low labor costs in developed countries around the region is predicted to foster the demand for such devices in the forecast period. In the U.S. and Canada, the existence of giant market players and growth in investment in different research and development activities coupled with a rise in strategic collaboration between manufacturers is further expected to accelerate the development in the North America night vision device market in the forecast period.

The governments in the region are developing nighttime firefighting capabilities by discovering improved technologies like night vision devices. The usage of night vision technology confirms the safe function of aircraft during nighttime aerial firefighting activities. In 2019, the Orange County Fire Authority announced a collaboration with Coulson Aviation, funding over USD 4 million to deploy firefighting helicopters for emergency responses in California. Such helicopters are embedded with night vision equipment for pilots and boast a water-carrying facility of 1,000 gallons.

By Region, Asia Pacific Region is Predicted to Hold Largest CAGR in the Forecast Period

Asia Pacific Region is predicted to grow steadily in the forecast period because of growing military and defense expenditures, and a rise in investment by the local government, coupled with technological innovations. Additional factors include growth in border threats, a considerable rise in need from the residential and commercial sector, and constant technological improvements, along with a surge in the usage of military powers are estimated to drive the Asia Pacific night vision devices market growth in the forecast duration.

Top Market Players

Various notable players operating in the market include Teledyne Flir LLC, L3harris Technologies Inc., American Technologies Network Corp., Elbit Systems Deutschland, BAE Systems PLC, Thales Group SA, Raytheon Technologies Corporation, Bushnell Inc. (Vista Outdoor), Firefield, Satir, Luna Optics Inc. among others.

Key Developments:

• • In 2023, Teledyne FLIR announced an introduction of prism AI release coupled with miniature AI model to deploy easily in embedded systems. This feature simplifies the incorporation of automotive thermal sensors that deliver automotive detection, animal, and pedestrian, especially in poor visibility and during nighttime.
  • In 2023, Leonardo DRS, Inc. announced a contract worth more than USD 94 million to introduce its next-generation infrared weapon visions for the U.S. forces infantry snipers.
  • In 2021, Thales successfully launched XTRAIM to offer a decisive functional benefit in traditional coupled with asymmetric combat conditions.
  • In 2021, Ulefone launched a night vision wearable body camera to act as an assistant to your phone and can be utilized as a wearable body camera that can conveniently be fixed onto your belt, pocket, jacket and other.
  • In 2019, Thales Group announced the development of ELFIE night vision devices in collaboration with MKU Ltd in India – an armed forces equipment manufacturer. ELFIE can be both weapon mounted and helmet mounted.

Segments Covered in the Report:

The Global Night Vision Device Market has been segmented on the basis of Type, Technology and Application. Based on the Type, the market is segmented into Camera, Goggles, Monoculars and Binoculars, Rifle Scope. Based on the Technology, the market is segmented into Thermal Imaging, Infrared Illumination, Image Intensifier, Other Technologies. Based on the Application, the market is segmented into Wildlife Spotting Military and Defense, and Conservation, Navigation, Surveillance, Other Applications.

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Report Coverage	Details
Market Revenues (2022)	USD 8.7 billion
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD billion)
Market Segment	By Type, By Technology, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Teledyne Flir LLC, L3harris Technologies Inc., American Technologies Network Corp., Elbit Systems Deutschland, BAE Systems PLC, Thales Group SA, Raytheon Technologies Corporation, Bushnell Inc. (Vista Outdoor), Firefield, Satir, Luna Optics Inc. among others, a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Night Vision Device Market by Type

• • Camera
  • Goggles
  • Monoculars and Binoculars
  • Rifle Scope

Global Night Vision Device Market by Technology

• • Thermal Imaging
  • Image Intensifier
  • Infrared Illumination
  • Other Technologies

Global Night Vision Device Market by Application

• • Military and Defense
  • Wildlife Spotting and Conservation
  • Surveillance
  • Navigation
  • Other Applications

Global Night Vision Devices Market by Region

• • North America Night Vision Device Market (Option 1: As a part of the free 25% customization)

    • By Type
    • By Technology
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Night Vision Device Market (Option 2: As a part of the free 25% customization)

    • By Type
    • By Technology
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Night Vision Device Market (Option 3: As a part of the free 25% customization)

    • By Type
    • By Technology
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Night Vision Device Market (Option 4: As a part of the free 25% customization)

    • By Type
    • By Technology
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Night Vision Device (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Teledyne Flir LLC
  • L3harris Technologies Inc.
  • American Technologies Network Corp.
  • Elbit Systems Deutschland
  • BAE Systems PLC
  • Thales Group SA
  • Raytheon Technologies Corporation
  • Bushnell Inc. (Vista Outdoor)
  • Firefield
  • Satir
  • Luna Optics Inc.