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The night vision systems market share is expected to increase by USD 3.07 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.42%.
This night vision systems market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers night vision systems market segmentation by technology (active illumination, image intensification, and thermal imaging), application (military, automotive, security, and others), product (night vision goggles, night vision cameras, night vision scopes, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The night vision systems market report also offers information on several market vendors, including Adorama Camera Inc., American Technologies Network Corp., Autoliv Inc., BAE Systems Plc, BorgWarner Inc., Continental AG, Denso Corp., Elbit Systems Ltd., L3Harris Technologies Inc., Magna International Inc., Mobileye Technologies Ltd., OPTIX JSC, Robert Bosch GmbH, Teledyne Technologies Inc., Texas Instruments Inc., Thales Group, Valeo SA, Veoneer Inc., Meopta optika s.r.o, and Newcon International Ltd among others.
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The increased applications in military operations are notably driving the night vision systems market growth, although factors such as technological challenges in night vision systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the night vision systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Night Vision Systems Market Driver
One of the key factors driving growth in the night vision systems market is the increased applications in military operations. There has been a significant rise in the number of terrorist activities globally. Terrorist activities greatly impact the economic conditions of a region. The fortification of military operations is one of the major measures in this regard, which is done by upgrading the weapons and devices used by the military. Nowadays, night vision systems are much more versatile and lighter in weight. The majority of military personnel wear night vision goggles. Such upgrades have fueled the demand for night vision systems, such as scopes, goggles, and cameras, which improve the capability of armed forces to target the enemy. The rise in terrorist activities will lead to the enhancement of military operations, which will directly facilitate the demand for advanced night vision systems for applications, such as superior navigation and surveillance, during the forecast period. Thus, the increasing application of night vision systems in military operations will induce the demand for devices such as night vision goggles, which in turn will propel the growth of the global night vision systems market.
Key Night Vision Systems Market Trend
The application of sensor fusion technology is a night vision systems market trend that is expected to have a positive impact in the coming years. There has been increased integration of sensors in night vision systems due to the ability of sensory fusion technology to provide better estimations with accuracy. The sensor fusion information is reliable and multilateral and comes with high levels of recognition mechanisms. Sensor fusion technology in night vision systems is in the form of the integration of two major technologies such as thermal imaging and image intensification, in a single device. The combination of both technologies will enable the users to have a wide range of light spectrum visible from near IR to long-wave IR. The future innovation is focused on the combination of the video output of a thermal imager directly with the video output of an electronic output image intensifier. This will result in a complete digitally fused image to a head-mounted display in a device, which will be a digitally enhanced night vision goggle (ENVG - D). Thus, sensory fusion technology is expected to drive the growth of the global night vision systems market.
Key Night Vision Systems Market Challenge
The technological challenges in night vision systems will be a major challenge for the night vision systems market during the forecast period. Products that use image intensification technology face a few disadvantages. As image intensification highly depends on amplification methods, it requires some light. Therefore, this technology fails when there is no light. This technology offers inferior daytime performance. The system also undergoes damage when observing bright sources under low-light conditions. Devices that use thermal imaging technologies are expensive to purchase and operate. Some high-end night vision systems become responsive to the near-IR light emitted by headlamps of oncoming vehicles. This results in the washing out or saturation of images. An active IR night vision system has just half the range of vision area as that of a passive IR night vision system, which does not work well under bad weather conditions. Thus, such technological challenges may hamper the growth of the global night vision systems market.
This night vision systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global night vision systems market as a part of the global electronic equipment and instruments market within the overall electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the night vision systems market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the night vision systems market encompasses successful business strategies deployed by the key vendors. The night vision systems market is fragmented and the vendors are deploying growth strategies such as M&A to compete in the market.
atncorp.com - The company offers traffic lights such as Midbay, low bay, and Linear lights.
atncorp.com - The lighting segment offers numerous lighting products including MORION, ROBUS, and others.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The night vision systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.
Our report provides extensive information on the value chain analysis for the night vision systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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50% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for night vision systems in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increase in the government allocation of funds to the defense sector will facilitate the night vision systems market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In early 2020, the outbreak of COVID-19 led to a decline in the growth of the night vision systems market in APAC. China, Japan, South Korea, and India reported a large number of COVID-19 cases, which compelled governments to take measures, such as imposing a lockdown. However, the initiation of vaccination drives and the restoration of supply chain operations helped the market recover in the first half of 2021. Moreover, the increasing adoption of night vision systems in the military and civilian sector and technological advancements such as the development of IR thermal imaging cameras and redesigning of distribution channel operations are anticipated to boost the growth of the night vision systems market in APAC during the forecast period.
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The night vision systems market share growth by the active illumination segment will be significant during the forecast period. This technology is used in low-light cameras as it helps in taking pictures in the dark, such as in dimly lit reception halls, dark concert venues, and darkened fields. Another very common use of active illumination is to build sensors for depth tracking. Active illumination depth sensors can be grouped into three classes - lidars, continuous wave time-of-flight cameras, and triangulation-based devices. Thus, the increasing use of active illumination in different devices such as surveillance cameras is anticipated to boost the growth of the active illumination segment of the global night vision systems market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the night vision systems market size and actionable market insights on the post-COVID-19 impact on each segment.
Night Vision Systems Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.42% |
Market growth 2022-2026 |
$3.07 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.5 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 50% |
Key consumer countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Adorama Camera Inc., American Technologies Network Corp., Autoliv Inc., BAE Systems Plc, BorgWarner Inc., Continental AG, Denso Corp., Elbit Systems Ltd., L3Harris Technologies Inc., Magna International Inc., Mobileye Technologies Ltd., OPTIX JSC, Robert Bosch GmbH, Teledyne Technologies Inc., Texas Instruments Inc., Thales Group, Valeo SA, Veoneer Inc., Meopta optika s.r.o, and Newcon International Ltd |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and 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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