Global Night Vision Devices Market is valued approximately USD 6.00 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 8.8% over the forecast period 2023-2030. Night Vision Devices are electronic optical devices that amplify available light to produce an image that is visible in darkness or in low light conditions. These devices are used in a wide range of applications, including military, law enforcement, surveillance, wildlife observation, and navigation. Night vision devices typically use image intensifier tubes or thermal imaging technology to produce images in low light conditions. The Global Night Vision Devices Market includes products such as night vision goggles, night vision cameras, night vision scopes, and thermal imaging cameras. The major driving factors for the market are increasing demand for night vision devices in military and defense and growing use of night vision devices. Moreover, advancements in technology and Increasing investments by governments and private organizations in the development of advanced night vision technologies is creating lucrative growth opportunity for the market over the forecast period 2023-2030.
In 2020, the US Army awarded a USD 249 million contract to a defense contractor for the development of next-generation night vision devices. Additionally, in 2021, the Indian government announced plans to invest in the development of advanced night vision technologies for military and defense applications. Similarly, in 2022, the European Union announced a new research initiative aimed at developing advanced night vision technologies for civilian and military applications. Furthermore, in 2023, the Chinese government is expected to increase its investments in the development of night vision technologies for military and security applications. However, the high cost of Night Vision Devices stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Night Vision Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the Night Vision Devices market, owing to the presence of leading manufacturers such as FLIR Systems, L3Harris Technologies, and Collins Aerospace. The US government’s focus on modernizing its military equipment and increasing investments in defense and security are expected to drive the market in the region. The Asia-Pacific region is expected to witness the fastest growth in the Night Vision Devices market, owing to the increasing defense spending in countries such as China, India, and Japan. The rising security threats and geopolitical tensions in the region are also expected to drive the demand for advanced night vision devices.
Major market player included in this report are:
BAE System Plc (Farnborough, United Kingdom)
Leonardo S.p.A. (Rome, Italy)
Thales Group (La Défense, France)
Elbit Systems of America, LLC (ELBIT SYSTEMS LTD) (Fort Worth, Texas, United States)
FLIR Systems, Inc. (Wilsonville, Oregon, United States)
Night Vision Devices, Inc. (Pennsylvania, United States)
N-Vision Optics, LLC (Massachusetts, United States)
Safran Vectronix AG (Heerbrugg, Switzerland)
Adams Industries, Inc. (Los Angeles, California, United States)
Excelitas Technologies Corp. (Waltham, Massachusetts, United States)
Recent Developments in the Market:
Ø In August 2020, the US Army awarded a USD 249 million contract to FLIR Systems for the delivery of its next-generation night vision goggles.
Ø In October 2020, Elbit Systems announced the launch of the HeliNVS system, a lightweight night vision solution for airborne platforms.
Global Night Vision Devices Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Device Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Device Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Device Type:
Binoculars and Monocular
Fire and Rescue
Maritime & Coastal surveillance
Others (Natural Resource Agency Applications, etc.)
Middle East & Africa
Rest of Middle East & Africa