Global Night Vision Device Market, By Category (Scopes, Goggles, Cameras, Binoculars, Monoculars, Others), Component (Image Intensifier Tubes, Front Lens, Photo Cathode, Micro Channel Plate, High Voltage Power Supply, Phosphor Screen, Eyepiece, Others), Technology (Low Light Imaging Process, Thermal Imaging Process, Infrared Illumination), Application (Law Enforcement, Hunting, Wild Life Observation, Surveillance, Security, Navigation, Hidden Object Detection, Entertainment, Paranormal Research, Material Testing, Others), End User (Military, Automotive, Aerospace, Defence, Government) – Industry Trends and Forecast to 2029
Market Analysis and Size
Over the past few years, quick technological advancements have significantly impacted the night vision device market. In order to improve soldiers' agility and situational awareness, businesses, the government, and the army are constantly trying to develop night vision device using wireless technology. The important trends in controlling the global market include increasing focus on manufacturing night vision devices that are compact, weightless, and power-efficient, as well as integration of night vision devices with a weapon, vehicle, or equipment like tactical headphones.
Global night vision device market was valued at USD 8.35 billion in 2021 and is expected to reach USD 15.46 billion by 2029, registering a CAGR of 8.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Category (Scopes, Goggles, Cameras, Binoculars, Monoculars, Others), Component (Image Intensifier Tubes, Front Lens, Photo Cathode, Micro Channel Plate, High Voltage Power Supply, Phosphor Screen, Eyepiece, Others), Technology (Low Light Imaging Process, Thermal Imaging Process, Infrared Illumination), Application (Law Enforcement, Hunting, Wild Life Observation, Surveillance, Security, Navigation, Hidden Object Detection, Entertainment, Paranormal Research, Material Testing, Others), End User (Military, Automotive, Aerospace, Defence, Government)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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ATN Corp. (U.S.), Collins Aerospace (U.S.), Meopta - optika, s.r.o. (Czechia), Visa Outdoor Operations LLC (U.S.), L3 Technologies Inc. (U.S.), L3Harris Technologies, Inc. (U.S.), FLIR Systems, Inc. (U.S.), SATIR (Denmark), BAE Systems (U.K.), Bharat Electronics (India), Thales (France), Raytheon Technologies Corporation (U.S.), Bushnell (U.S.), Yukon Advanced Optics Worldwide (Lithuania), Adorama Camera, Inc (U.S.) and Elbit Systems Ltd. (Israel)
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Market Opportunities
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Market Definition
Night vision devices (NVDs) are the devices that basically assist in intensifying the gamma, infrared and ultraviolet light to produce a user-friendly image and accurate in the dark environment. These systems use an objective lens, an image intensifier tube (IIT) screen, an eyepiece, and a power source to create navigation and targeting capabilities. In order to create a picture on the IIT screen, NVDs rely on the objective lens to collect light rays coming from the subject and help concentrate them there. Due to their advantages, security services frequently employ these tools to improve nighttime vision.
Night Vision Device Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Burgeoning Requirement of Night Vision Device
The requirement for night vision equipment in defence has increased as a result of an increase in incidents like terrorist attacks, trespassing, border protection, and counteractions. Security screening is now required in public spaces including airports, train stations, stadiums, border checkpoints, and other locations due to rising terrorist threats and illegal activities. Demand for night vision equipment is rising since it may be used to navigate, observe, detect, and target trespassers and attackers. In addition, wildlife researchers and photographers utilise NVDs to observe animal behaviour. For instance, photographers have been able to record the strange movements of nocturnal creatures due to the thermal imaging equipment that can operate in complete darkness. Consequently, these factors further increase the overall demand for the night vision device.
Additionally, the factors such as the rising military expenditure coupled with the modernization will largely boost over the forecast period. Moreover, the features such as the reduced costs, enhanced designs and convenience also further boost the market growth over the anticipated period. The integration of sensor technology with night vision devices produces better precision and the user can simply communicate data and images to the base centre using this fusion technology, and they can also get the intelligence they need for a variety of tasks, which bolsters the product demand. The rise of "smart homes" has boosted the significance of video surveillance systems in the residential market.
Opportunities
- Increased Progression Of Thermal Imaging And Infrared Technologies
The increased progression of thermal imaging and infrared technologies progress is estimated to generate lucrative opportunities for the market, which will further expand the night vision device market's growth rate in the future. As technology develops quickly, there is an increasing need for wearable night vision devices like improved night vision goggles (ENVG), which include thermal imaging into their design. Goggles, cameras, and other thermal equipment installed on helmets have been at the market's forefront.
- Development of New Technologies
Additionally, the development of new technologies by market players are creating new technology for uses like aviation, which further offer numerous growth opportunities within the market. Businesses in the sector are also creating new technology for uses like aviation. A 27-inch ShadowSense touch screen technology for the military was introduced in March 2022 by the Canadian technology company Baanto International. This touchscreen satisfies Night Vision Imaging Systems (NVIS) standards, allowing for mission deployment independent of ambient light levels.
Restraints/Challenges
- High Cost and Investments
The night vision devices are very expensive which further derail the overall market’s growth. Moreover, the night vision devices also further requires high investments. Therefore, the high costs as well as the investments required are further expected to obstruct market growth over the forecast period.
- Lack of Technical Expertise
The market growth rate will be further slowed down by a shortage of qualified personnel or technological know-how, particularly in developing and underdeveloped economies. The dearth of technical expertise is therefore estimated to be significant challenge for the night vision device market over the forecast period.
Also, the less availability in the developing countries is yet another major restraint that hurdles the overall growth of the market.
This night vision device market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the night vision device market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Night Vision Device Market
The night vision device market growth has been favorably impacted by the COVID-19 scenario. The demand for webcams has increased dramatically as most firms transition to remote working methods. According to employees, webcams are becoming increasingly important as a video conferencing tool, replacing the subpar laptop-integrated cameras. In March 2020, the South Diego Chula Vista Police Department announced an investment of over USD 11,000 in the purchase of two drones outfitted with night vision cameras to lessen the risk to the officers in these regions due to the ongoing community proliferation of COVID-19 over the world. The government has stated that it plans to use these drones to keep an eye on individuals living on the streets during the outbreak.
Governments worldwide are currently required to use cutting-edge NVDs as a result of COVID-19. The creation of strict surveillance systems to track the spread of corona is one of the actions the administration has taken. Additionally, some businesses are found updating their continuity models by purchasing superior ones. For instance, drones with night vision cameras have proved a big help to the police in spotting local gatherings. These tools can also identify people who are not wearing masks in open spaces.
Recent Developments
- In March 2022, the 27-inch ShadowSense touch screen technology was unveiled by Canadian technology company Baanto International for the armed forces. This touchscreen satisfies Night Vision Imaging Systems (NVIS) standards, allowing for mission deployment independent of ambient light levels.
- In December 2021, Thales introduced XTRAIM, a new weapon sight that offers day/night decamouflage capabilities that were previously only possible by employing a number of other pieces of gear. Its users may fire precisely at night because to its compatibility with all shoulder-fired assault rifles (HK416) and light machine guns (Minimi).
- In May 2021, A new night vision camera is now available from Ulefone. It can be used as a wearable body camera that is easily fastened to your jacket, belt, back pocket, etc. by using the very portable device, which functions as a smartphone attachment. The Sony STARVIS IMX307 incredibly light-sensitive CMOS image sensor in the night vision camera makes it perfect for videography, night photography, and low-light photography.
- In September 2021, The US Army and L3Harris Technologies, Inc. agreed to a $100 million deal for the delivery of ENVG-B (enhanced night vision goggle-binocular) systems. With the use of these integrated devices, the soldiers may more precisely target, engage, and neutralise threats without running the danger of being exposed.
Global Night Vision Device Market Scope
The night vision device market is segmented on the basis of category, component, technology, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Category
- Scopes
- Goggles
- Cameras
- Binoculars
- Monoculars
- Others
Component
- Image Intensifier Tubes
- Front Lens
- Photo Cathode
- Micro Channel Plate
- High Voltage Power Supply
- Phosphor Screen
- Eyepiece
- Others
Technology
- Low Light Imaging Process
- Thermal Imaging Process
- Infrared Illumination
Application
- Law Enforcement
- Hunting
- Wild Life Observation
- Surveillance
- Security
- Navigation
- Hidden Object Detection
- Entertainment
- Paranormal Research
- Material Testing
- Others
End User
- Military
- Automotive
- Aerospace
- Defence
- Government
Night Vision Device Market Regional Analysis/Insights
The night vision device market is analyzed and market size insights and trends are provided by country, category, component, technology, application and end user as referenced above.
The countries covered in the night vision device market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the night vision device market because of the presence of a well-established infrastructure and low labor costs in the advancing countries within the region. Moreover, the growing number of research and development activities along with prevalence of various manufacturers is further estimated to accelerate the expansion over the forecast period.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increased spending in military and aerospace within the region. Moreover, technology development coupled with the rising defense and military expenditure to expand the regional market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Night Vision Device Market Share Analysis
The night vision device market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to night vision device market.
Some of the major players operating in the night vision device market are
- ATN Corp. (U.S.)
- Collins Aerospace (U.S.)
- Meopta - optika, s.r.o. (Czechia)
- Visa Outdoor Operations LLC (U.S.)
- L3 Technologies Inc. (U.S.)
- L3Harris Technologies, Inc. (U.S.)
- FLIR Systems, Inc. (U.S.)
- SATIR (Denmark), BAE Systems (U.K.)
- Bharat Electronics (India)
- Thales (France)
- Raytheon Technologies Corporation (U.S.)
- Bushnell (U.S.)
- Yukon Advanced Optics Worldwide (Lithuania)
- Adorama Camera, Inc (U.S.)
- Elbit Systems Ltd. (Israel)
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