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Night Vision Devices Market

Market Study on Night Vision Devices: Technical and Application Feasibility, Coupled with Growing Popularity Fuels the Demand

Night Vision Devices Market Segmented By Goggles, Camera, Scope Product with Image Intensifiers, Thermal Imaging, Infrared Illumination Technology

Night Vision Devices Market Outlook

The night vision devices market is anticipated to register a CAGR of 8.8% during the forecast period (2022-2032.

The night vision devices market is estimated to be valued at US$ 8.1 Bn in 2022 and is likely to reach US$ 18.9 Bn by 2032. Previously, the market was thriving at a higher CAGR of 9.5% (2015-2021), resulting in a night vision devices market size of US$ 10.8 Bn in 2021.

“Rising adoption of NVDs integrated with near-infrared (NIR) imaging technology for security and surveillance applications is projected to fuel the night vision devices market growth.”

Optics manufacturers are constantly improving their products to fulfill the demand for night vision devices, thanks to the rapid improvement of thermal imaging and infrared technology.

As technology progresses, wearable night vision devices, such as enhanced night vision goggles (ENVG), which include thermal imaging in their design, continue to grow in n popularity. As a result, the sales of night vision devices are projected to rise.

Attributes

Details

Night Vision Devices Market CAGR (2022-2032)

8.8%

Night Vision Devices Market Value (2022)

US$ 8.1 Bn

Night Vision Devices Market Value (2032)

US$ 18.9 Bn

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What is the COVID-19 Impact on the Night Vision Devices Market?

COVID-19 had a positive impact on the demand for night vision devices and market share. To combat the spread of COVID-19, governments around the world are building strict surveillance techniques. Organizations are also redesigning their business continuity strategies by investing in innovative models to combat the pandemic.

The demand for night vision devices is rising rapidly due to technological breakthroughs made by various end sectors. As a result, the sales of night vision devices are predicted to grow during the forecast period. Drones with night vision cameras aid authorities in locating people gatherings while keeping social distance standards.

In public locations, night vision devices can also be used to identify people who are not wearing masks. Due to this, the sales of night vision devices is projected to grow immensely during the forecast period.

For example, the Italian government and the Italian Civil Aviation Authority (ENAC) authorized the use of advanced drones equipped with night vision cameras to monitor public movement during the coronavirus epidemic in May 2020. This aided the government to deal with the coronavirus outbreak.

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What Factors Contributes to the Growth of the Night Vision Devices Market?

Due to technical advancements and strong demand for night vision devices in multiple end sectors, the night vision devices market size is predicted to rise. The sales of night vision devices are growing as these are used for civilian purposes such as home security, camping, and search and rescue. Terrorist attacks, trespassing, border protection, and counter-actions have also increased the demand for night vision devices in defense.

Night vision devices have been integrated with sensor technologies, resulting in more accurate estimates. This factor is further anticipated to boost the sales of night vision devices. This fusion technology allows the user to simply send data and photographs to the base centre and gather intelligence for various activities. This feature increases the demand for night vision devices and as a result, aids in the growth of night vision devices market size

The demand for night vision devices is predicted to rise due to increasing usage of thermal imaging night vision devices. These devices are currently under focus since these devices can also detect a person's elevated body temperature.

Availability of multiple night vision devices such as night vision googles, thermal sights, low light level TV, infrared, etc. are spoiling end users for choice, thereby encouraging market players to diversify their offerings.

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What Limits the Growth of the Night Vision Devices Market?

High manufacturing costs, owing to the usage of unique materials such as night vision optics and the utilization of costly third-generation technologies, are expected to impede night vision devices market expansion. Due to high expenses of NVDs, such as night-vision goggles, their adoption is limited, and these devices are mostly employed by the military.

Due to political issues, certain manufacturers are forced to maintain high costs. This is anticipated to hinder the market adoption of night vision devices like goggles and scopes.

With the rise in crime, night vision devices is likely to play an increasingly important role in crime prevention, owing to the risk of being identified. This factor is anticipated to boost the sales of night vision devices during the forecast period.

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Comparative View of Adjacent Night Vision Devices Market

Attributes

Night Vision Devices Market

CAGR (2022-2032)

8.8%

Market Value (2026)

US$ 11.35 Bn

Growth Factor

Growing demand for night patrolling and combat activities in the military and defence sector are boosting the adoption of NVDs.

Opportunity

With the rise in crime, night vision devices is likely to play an increasingly important role in crime prevention.

Key Trends

Due to rapid advancement of thermal imaging and infrared technologies, optics manufacturers are constantly upgrading their products.

Comparative View of Adjacent Night Vision Cameras Market

Attributes

Night Vision Cameras Market

CAGR (2022-2032)

18.3%

Market Value (2026)

US$ 20.28 Bn

Growth Factor

The market is being driven by the growing demand for improved surveillance technology.

Opportunity

Night vision car cameras are becoming more common in automobiles, particularly in self-driving cars for navigation purposes.

Key Trends

Due to increased public awareness of road safety and increased sales of luxury cars, automotive night vision applications are driving the industry.

Comparative View of Adjacent Infrared Camera Market

Attributes

Infrared Camera Market

CAGR (2022-2032)

8.7%

Market Value (2026)

US$ 1.37 Bn

Growth Factor

Increasing use of Infrared cameras in security and surveillance industry is propelling the market growth.

Opportunity

The growing use of infrared cameras in commercial applications, as well as the increased use of infrared cameras in the short-wave infrared region (SWIR), are likely to provide lucrative opportunities.

Key Trends

Infrared cameras used in healthcare to offer detailed information on a patient's body temperature distribution so that disease patterns can be identified.

The rapidly rising deployment of night vision devices in the military and defense industries is one of the primary factors driving the demand for night vision devices.

Furthermore, its numerous advantages, such as exceptional low-light sensitivity increased visible imaging delivering the best possible, recognition and identification performance, high resolution, low power and cost, and capacity to recognize people, are all driving night vision devices market expansion.

In addition, rising military budgets in various nations and the upgrading of current defense technologies are boosting the sales of night vision devices. However, due to the global economic slump, most countries must be cautious about military spending, which could stifle night vision devices market growth.

What is the Segmentation Outlook for the Night Vision Devices Market?

During the forecast period, the goggles segment is projected to hold the biggest market share of night vision products with a CAGR of 8.5% through 2032. The increased demand for night vision goggles from the military and defence industry is driving the segment's growth.

The market is also likely to be fueled by increased investment and R&D activities aimed at improving night vision equipment.

Furthermore, the eyewear market is predicted to expand rapidly. Low maintenance costs and the ability to reduce glare by scattering and filtering out intense blue light are credited with the glasses segment's rise.

Which Segment is Likely to Lead the Night Vision Devices Market by Application?

By Application, the navigation system segment is predicted to dominate the night vision devices market with a CAGR of 8.6%.

The surveillance segment hold the greatest growth potential in night vision devices market, and it is predicted to increase significantly during the forecast period. Increased demand for night vision security and IR illuminator equipment, panoramic surveillance and thermal imaging cameras, and the incorporation of internet protocol (IP) technology in surveillance cameras are all contributing to the night vision devices market growth.

The medical industry is predicted to expand at a rapid pace. The increased adoption of various devices, such as thermal imagers, in the medical and healthcare industries is driving this segment's growth.

Which is the Leading Region in the Night Vision Devices Market?

Regions

CAGR (2022-2032)

United States Market

8.7%

United Kingdom Market

7.9%

China Market

8.3%

Japan Market

8.0%

South Korea Market

7.6%

Due to the increased investment in technological breakthroughs in this industry and the growing expenditure in military equipment in this region, North America is likely to lead the global night vision devices market. The US Army, for example, has awarded BAE Systems $97 million in orders for night vision goggles and thermal weapon sights, according to American security.

Due to the increased use of advanced military gadgets and a growing propensity towards cost effective technological advance devices in this area, Asia Pacific is an emerging industry in the night vision device market share. In addition, rising military budgets in developing countries are expected to drive the sales of night vision devices in this area forward.

How does Competition Influence the Night Vision Devices Market?

Key players in the night vision devices market include Thales group, FLIR Systems, Inc. , BAE Systems Plc, Collins Aerospace, Bharat Electronics Limited are proactively bolstering their night vision devices market positions by modernizing their existing product lines to suit to military applications.

In addition, prominent providers are combining NVDs with sophisticated technology such as thermal cameras, infrared cameras, GPS, and other features to improve products and services and deliver high-tech night vision devices. Furthermore, government agencies are investing funding to improve the military and defense sectors, which is boosting the night vision devices market even further.

  • At the 2019 Security & Policing security convention, Thermoteknix Systems Ltd. unveiled its innovative TiCAM 1000C Biocular Target Locator System. It's a little camera that can be used for observation, surveillance, and security. It's also appropriate for dim lighting and inclement weather.
  • Thales Group has established a collaboration with Indian armed forces producer MKU ltd on the development of ELFIE night vision systems. ELFIE will provide convenient mobility as well as night warfare capabilities. This night vision device is appropriate for both left and right eyes and can be installed on a helmet or weapon.

Report Scope

Attributes

Details

Forecast period

2022-2032

Historical data available for

2015-2021

Market analysis

USD Bn for Value

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • Russia
  • BENELUX
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Australia and New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

By Market Segments

  • Product
  • Application
  • Technology
  • Region

Key Companies Profiled

  • Thales group
  • FLIR® Systems, Inc.
  • BAE Systems Plc
  • Collins Aerospace
  • Bharat Electronics Limited
  • L3 Technologies, Inc.
  • Harris Group Inc.
  • American Technologies Network Corp.
  • Elbit Systems Ltd.

Pricing

Available Upon Request

Key Segments:

By Product:

  • Goggles
  • Camera
  • Scope
  • Others

By Technology:

  • Image Intensifiers
  • Thermal Imaging
  • Infrared Illumination

By Application:

  • Navigation
  • Surveillance
  • Targeting
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

- Companies Covered in This Report -

  • Thales group
  • FLIR Systems, Inc.
  • BAE Systems Plc
  • Collins Aerospace
  • Bharat Electronics Limited
  • L3 Technologies, Inc.
  • Harris Group Inc.
  • American Technologies Network Corp.
  • Elbit Systems Ltd.
  • SATIR

- Frequently Asked Questions -

Night vision devices market is projected to have a CAGR of 8.8% through 2032.

United States is the leading region with an anticipated value of US$ 6.2 Bn by 2032.

Goggles segment is projected to hold the biggest market share of night vision devices.

The Night vision devices market is predicted to grow US$ 18.9 Bn by 2032.

The navigation system segment is predicted to dominate the night vision devices market.

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