Night Vision Devices Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, China, Russia, UK, Japan - Size and Forecast 2024-2028

Night Vision Devices Market Size 2024-2028 

The night vision devices market size is projected to increase by USD 3.56 billion at a CAGR of 9.52% between between 2024 and 2028. 

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, including binoculars, enable users to view objects in low-light conditions using advanced technologies such as image intensification, thermal imaging, and infrared (IR) illumination. These innovations allow users, particularly military and police personnel, to detect and observe living beings and other entities in dark environments, enhancing their operational capabilities significantly. Binoculars equipped with night vision capabilities are crucial for surveillance, reconnaissance, and tactical operations in challenging lighting conditions. They provide clear visibility and situational awareness, enabling effective decision-making and mission execution in various scenarios.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics 

In this market, security and surveillance are crucial in various sectors, including commercial surveillance, military and defense, and navigation application. Advances in optical innovations enhance situational awareness and target identification, improving operational effectiveness against terrorism and criminal activities. Tools like weapon locating devices, rangefinders, and viewfinders are vital for soldiers, law enforcement authorities, and defense personnel. The military sector benefits from technologies used in Typhoon aircraft for combat activities and training activities. Additionally, these innovations assist rescue missions, even on a cloudy night, providing clear color images. Nature enthusiasts and wildlife researchers also leverage these advancements to study wildlife.

Key Market Driver

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.

Major Market Trends

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.

Significant Market Restrain

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.

Market Segmentation 

By Application Segment

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 2.85 billion in 2018. 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.

Market Segmentation By Product

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.

Regional Overview

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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 provided an extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout 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.

Customer Landscape

The market forecasting report includes the adoption lifecycle of the market research and growth, 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 market growth and trends strategies.

Global Market Customer Landscape

Key Companies & Market Insights

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.

American Technologies Network Corp. - The company offers night vision devices such as ATNs PVS14 6015 multipurpose night vision monocular, PS28 Night Vision Clip, and PS31 night vision goggle system.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

• 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.
• Luna Optics Inc.

Market analysis and report of 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.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

• Application Outlook
  • Military
  • Civil
• Product Outlook
  • Night vision goggles
  • Night vision cameras
  • Night vision scopes
  • Others
• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

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. 

Moreover, Night vision technology with High resolution image intensifiers and lightweight night vision devices, such as monocular and binoculars, enhances covert missions and counters security threats in low light conditions using advanced imaging intensifiers. 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 spotting scope, binoculars, monoculars, and cameras with infrared illumination for photography and surveillance purposes. Emerging technologies such as uncooled devices and Generation 4 image intensifier 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.

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What are the Key Data Covered in this Market Forecast Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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