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The night vision devices market is forecast to increase by USD 2.88 billion, growing at a CAGR of 8.47% between 2022 and 2027. The growth rate of the market depends on several factors, including increased applications in military operations, adoption of thermal imaging technology for controlling fire accidents, and improvements in design. These products enable users to view objects in low-light conditions. These products use various novelities such as image intensification, thermal imaging, and infrared (IR) illumination to see entities such as living beings. Hence, it makes objects visible even in a dark environment. These devices are increasingly being used by the military and police to enhance their combatting capabilities.
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The increased applications in military operations are notably driving the market growth. There has been a significant increase in terrorist activities globally. Terrorist activities significantly impact economic conditions. This drastically reduces foreign direct investment (FDI). Therefore, governments of many countries are taking action to control terrorist activities. They are upgrading the weapons and devices used by the military for navigation, surveillance, and targeting.
Furthermore, upgrades of weapons and devices have propelled the demand, such as scopes, goggles, and cameras. For instance, BAE Systems offers ENVG III/FWS - I-night vision mobility and targeting system, which has been integrated with thermal targeting solutions. Advanced features incorporated into this device include the 12-micron thermal technology. The product is small and light with low power and is easy to operate. Hence, the rise in terrorist activities will increase military operations. This will fuel the demand for advanced for applications, such as superior navigation and surveillance, during the forecast period.
The application of sensor fusion technology is a key trend in the market. The integration of sensors provides accurate estimations. Sensor fusion comes in the form of two major technologies, such as thermal imaging and image intensification. The combination of both technologies will enable users to access a wide range of light spectrum visible from near IR to long-wave IR. Sensor fusion technology will be beneficial to the military, security, and law enforcement personnel.
Furthermore, the use of sensor fusion technology will enable users to transmit images to a command center for information verification or general intelligence gathering and observation. Therefore, the demand for sensor fusion technology for military applications is rising. Military operations use advanced military equipment incorporated with multiple technologies. Thus, the use of sensory fusion technology will support the global market growth during the forecast period.
Technological challenges in the products are challenging market growth. Products that use image intensification technology face a few disadvantages. Image intensification highly depends on amplification methods. Therefore, this technology fails when there is no light. It also offers inferior daytime performance. The system undergoes damage when observing bright sources under low-light conditions. Products that use thermal imaging technologies are costly to purchase and operate.
Moreover, some high-end products become responsive to the near-IR light emitted by the headlamps of oncoming vehicles, which results in the washing out or saturation of images. The products work well on darker roads, but their performance may be reduced in situations where a vision enhancement system is vital to the driver. Such technological challenges may hinder the growth of the global market during the forecast period.
The market share growth by the military segment will be significant during the forecast period. In military applications, products are mainly used for the enhancement of military equipment to strengthen defense capabilities. These products are used for law enforcement, surveillance, security, navigation, and hidden object identification. Furthermore, the rise of terrorism worldwide, along with events such as natural disasters, has impacted the growth of the market. The use of advanced products with Generation III innovation gives the armed forces a competitive edge over adversaries in combat situations.
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The military segment showed a gradual increase in the market share of USD 2.66 billion in 2017. The growing adoption of the devices in the military segment can be attributed to the increasing need for national security and safeguarding citizens from threats such as terrorist attacks. The high incidence of terror attacks has led military and defense organizations to upgrade their capabilities concerning military operations. Thus, the increase in investments and contracts for the procurement of the devices accelerates the adoption of the devices, which, in turn, is anticipated to propel the growth of the market in focus during the forecast period.
The night vision goggles product segment of the market is expected to grow at a significant rate. A goggle is an electro-optical image-intensifying device used for the detection of visible and near IR energy. It works by intensifying the energy and providing a visible image for viewing. The extensive use of goggles in military applications to enable better visibility is driving this market segment. Furthermore, the adoption of vision goggles is higher than other devices as the prior does not provide any magnification in head-mounted devices during the state of motion. The goggles are ideal for gaming (such as Dry Bones and Niteball), orienteering, driving, safeguarding, as well as search and rescue operations. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market is growing in the region due to the extensive requirement of such equipment for operations by the military and during warfare activities. Additionally, the innovation advances in the devices are integrated with the Generation III auto-gated innovation, which is used extensively by the US military. Several manufacturers are incorporating generation III auto-gated technology while manufacturing the devices. For instance, American Technologies Network manufactures the product ATN NVG7-3-night vision goggles, which is a lightweight and rugged device that facilitates operational efficiency. Hence, these factors are driving the growth of the market in North America during the forecast period.
The Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Market caters to combat activities, law enforcement authorities, and defense personnel, offering essential tools for training and operations, particularly during moonless, cloudy times. Innovations like weapon locating devices, rangefinders, and viewfinders are crucial for military personnel and law enforcement agencies, with lightweight products enhancing optical performance. Key players such as L3Harris Corporation and DRS provide cutting-edge solutions like Enhanced Vision Goggles (ENVGs) and Family of Weapon Sights - Individual (FWS-I), notably adopted by the U.S. Army. Stringent norms drive market competition and manufacturing costs, with significant revenue shares in the government, military, and defense segments. These devices find applications in military activities, patrolling, border surveillance, and crime scenes, while also catering to nature enthusiasts and photographers for recreation and wildlife research. R&D activities focus on emerging innovation like uncooled and cryogenically-cooled devices, ensuring continuous advancements in the market through product developments, mergers, acquisitions, and strategic partnerships.
Night videography is witnessing significant growth, particularly in the Asia Pacific region, driven by demand from various sectors including defense and commercial. Soldiers rely on advanced technologies in night vision goggles and scopes for border disputes and military operations. In the commercial sector, automotive manufacturers integrate Advanced Driver Assistance Systems (ADAS) for enhanced safety during night tours. Vendors offer a range of equipment including binoculars, monoculars, and cameras with infrared illumination for photography and surveillance purposes. Emerging technologies such as uncooled devices and Generation 4 image intensifiers are transforming the security and surveillance segment, catering to applications like wildlife spotting and hunting. With increasing demand, businesses are expanding their offerings in the night videography market.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017-2027
Night Vision Devices Market Scope |
|
Report Coverage |
Details |
Page number |
100 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.47% |
Market growth 2023-2027 |
USD 2.88 billion |
Market structure |
Concentrated |
YoY growth 2022-2023(%) |
8.05 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 40% |
Key countries |
US, China, Japan, Russia, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
American Technologies Network Corp., ASELSAN AS, BAE Systems Plc, Elbit Systems Ltd., Excelitas Technologies Corp., Intevac Inc., L3Harris Technologies Inc., Leonardo Spa, Meopta Optica S.R.O, N Vision Optics LLC, Newcon International Ltd., Night Vision Devices Inc., Safran SA, SATIR Europe Ireland Co. Ltd., Sharp Corp., TAK Technologies Pvt. Ltd., Teledyne Technologies Inc., Thales Group, Vista Outdoor Inc., and Luna Optics Inc. |
Market dynamics |
Parent market analysis, Market forecasting, market growth and trends, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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