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The night vision devices market is estimated to grow at a CAGR of 8.47% between 2022 and 2027. The market size is forecasted to increase by USD 2,875.41 million. The growth of the market depends on several factors, including the increased applications in military operations, the adoption of thermal imaging technology for controlling fire accidents, and improvements in design.
This Night Vision Device Market report extensively covers market segmentation by application (military and civil), product (night vision goggles, night vision cameras, night vision scopes, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increased applications in military operations are notably driving the Night Vision Device Market growth, although factors such as technological challenges in night vision devices may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
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.
Upgrades of weapons and devices have propelled the demand for night vision devices, 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 night vision devices 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 in night vision devices 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.
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 night vision devices market growth during the forecast period.
Technological challenges in night vision devices 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. Devices that use thermal imaging technologies are costly to purchase and operate.
Some high-end night vision devices become responsive to the near-IR light emitted by the headlamps of oncoming vehicles, which results in the washing out or saturation of /images. Night vision devices work well on darker roads, but their performance may reduce in situations where a vision enhancement system is vital to the driver. An active IR night vision system has just half the range of vision area than that of a passive IR night vision system, which does not work well under bad weather conditions. Such technological challenges may hinder the growth of the global night vision devices market 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 Night Vision Devices Market Customer Landscape
Vendors 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.
Luna Optics Inc. - The company offers night vision devices such as LN G2 B50, LN G3 M44, and LN G3 M50. It offers products for daylight optics, digital day/night vision, thermal optics, and accessories.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the military segment will be significant during the forecast period. Night vision devices are used to enhance military equipment to strengthen defense capabilities. They are used for law enforcement, surveillance, security, navigation, and hidden object identification.
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The military segment was valued at USD 2,656.58 million in 2017 and continued to grow until 2021. The increasing need for national security is driving the adoption of night vision devices in the military segment. Military and defense organizations are upgrading the capabilities of night military operations. Therefore, the rise in investments and contracts for the procurement of night vision devices accelerates the adoption of night vision devices. This, in turn, will drive the growth of the segment 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 growth of the night vision devices market in North America is attributed to factors such as the extensive need for such equipment by the military. Night vision devices are essential for the military. Technological advances in night vision devices are integrated with the Generation III auto-gated technology, which is used extensively by the US military. Several manufacturers are incorporating generation III auto-gated technology while manufacturing night vision devices. For instance, American Technologies Network manufactures ATN NVG7-3-night vision goggles, which are lightweight and rugged devices that facilitate operational efficiency. Thus, the market in the region is expected to grow during the forecast period due to the increasing adoption of advanced devices and equipment for military and defense purposes.
The impact of the COVID-19 pandemic on the night vision devices market is low, as the implementation of lockdowns increased the need for surveillance. However, lockdown restrictions led to the shutdown of manufacturing units, which hampered the growth of the market to a certain extent in the first half of 2020. In 2021, the implementation of large-scale vaccination drives, ease of lockdown restrictions, and reopening of manufacturing units of night vision devices revived the growth of the market. Moreover, an increase in military expenditure, the launch of advanced night vision devices, and the rising demand from the automobile industry are expected to drive the night vision devices market in North America during the forecast period.
The night vision devices 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 to 2027.
Technavio categorizes the night vision devices market as a part of the global aerospace and defense market within the global capital goods market. The global aerospace and defense market covers products and companies engaged in the production of aerial platforms used under commercial and general aviation; defense platforms used under naval, land, and air domains; arms and ammunition; defense electronics; defense logistics equipment; and space platforms, equipment, and launch vehicles. The market also encompasses maintenance, overhaul, and repair (MRO) activities related to commercial and general aviation and defense sectors. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Night Vision Devices Market Scope |
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.47% |
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Market growth 2023-2027 |
USD 2,875.41 million |
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Market structure |
Concentrated |
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YoY growth 2022-2023(%) |
8.05 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 40% |
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Key countries |
US, China, Japan, Russia, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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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. |
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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, Market condition analysis for the forecast period |
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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. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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