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Night Vision Devices Market by Type, Application, and Geography - Forecast and Analysis 2020-2024

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR41485
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The night vision devices market share is expected to increase by USD 3.02 billion from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 6.54%.

This night vision devices 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 devices market segmentations by type (goggles, cameras, scopes, and others), application (military and civil), and geography (North America, APAC, Europe, and South America). The night vision devices market report also offers information on several market vendors, including American Technologies Network Corp., ASELSAN AS, BAE Systems Plc, Elbit Systems Ltd., FLIR Systems Inc., L3Harris Technologies Inc., Raytheon Co., Thales Group, United Technologies Corp., and Vista Outdoor Inc. among others.

What will the Night Vision Devices Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Night Vision Devices Market Size for the Forecast Period and Other Important Statistics

 

Night Vision Devices Market: Key Drivers, Trends, and Challenges

The increased applications in military operations is notably driving the night vision devices market growth, although factors such as low adoption rate due to high cost may impede 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 devices 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 Devices Market Driver

The increased applications in military operations is notably driving the night vision devices market growth. There has been a significant rise in terrorist activities globally. Terrorist activities greatly impact the economic conditions in a region. This drastically reduces foreign direct investment (FDI) as organizations prefer conducting businesses in less terror-prone nations to safeguard their investments. Therefore, this has led the governments of many terror-prone countries to take immediate actions by controlling terrorist activities. 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. Hence, the rise in terrorist activities will lead to the enhancement of military operations, which will directly facilitate the demand for advanced night vision devices for applications, such as superior navigation and surveillance, during the forecast period.

Key Night Vision Devices Market Trend

The application of the sensor fusion technology is the key trend driving thnight vision devices market growth. Sensor fusion results in an ENVG, which is integrated with a thermal imager and image intensifier. 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). Further, the sensor fusion technology will lead to a completely electronic format that will facilitate the 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 expected to rise. This is because the military operations are aimed at using upgraded military equipment incorporated with multiple technologies. Thus, sensory fusion technology will drive the global night vision devices market during the forecast period.

Key Night Vision Devices Market Challenge

The major challenge impeding the night vision devices market growth is the low adoption rate due to high cost. The night vision devices such as good quality night vision goggles using the generation III technology are priced in the range of $15,000 to $20,000. The high initial cost has reduced the procurement of night vision devices owing to the limited budget allocations for the spending of vision devices in the defense sector. For instance, in India, the budget allocated to the defense sector in 2018 was $46.16 billion, which was barely enough to build the ammunition stocks necessary for fighting an intense or prolonged war. There has been an increase in the number of militant attacks and cross-border firing. For instance, there were 700 incidents of cross-border firing reported by India in 2018. The absence of technologically advanced military equipment is mainly due to reduced government spending on vision equipment, which will affect the market for night vision devices such as scopes, cameras, and goggles.

This night vision devices 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 2020-2024.

Parent Market Analysis

Technavio categorizes the global night vision devices market as a part of the global electronic equipment and instruments 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 devices market during the forecast period.

Who are the Major Night Vision Devices Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • American Technologies Network Corp.
  • ASELSAN AS
  • BAE Systems Plc
  • Elbit Systems Ltd.
  • FLIR Systems Inc.
  • L3Harris Technologies Inc.
  • Raytheon Co.
  • Thales Group
  • United Technologies Corp.
  • Vista Outdoor Inc.

 

This statistical study of the night vision devices market encompasses successful business strategies deployed by the key vendors. The night vision devices market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Safran SA -The company offers a wide range of night vision devices namely Ecoti optronic equipment and sight.

To make the most of the opportunities and recover from 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 devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Night Vision Devices Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the night vision devices 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.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Night Vision Devices Market?

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45% of the market’s growth will originate from North America during the forecast period. The US is the key market for night vision devices market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The extensive requirement of such equipment for night operations by the military and during warfare activities will facilitate the night vision devices market growth in North America 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

The night vision devices market was less impacted due to the COVID-19 outbreak. The implementation of lockdowns increased the growing need for surveillance for police and the military. In the first half of 2021, with the gradual decrease in the number of COVID-19 cases, lockdowns have been lifted, leading to the resumption of operations in factories, industries, and manufacturing units. This, in turn, will drive the market for night vision devices. Thus, the market is expected to witness a high growth rate during the forecast period.

What are the Revenue-generating Type Segments in the Night Vision Devices Market?

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The night vision devices market share growth by the goggles segment will be significant during the forecast period. The extensive use of night vision goggles in military applications to enable better visibility is driving this market segment. Further, the adoption of night vision goggles is higher than other night vision devices as the prior does not provide any magnification in head-mounted devices during the state of motion. The broad range of applications will drive the market for night vision goggles during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the night vision devices market size and actionable market insights on post COVID-19 impact on each segment.

 

Night Vision Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 6.54%

Market growth 2020-2024

$ 3.02 billion

Market structure

Concentrated

YoY growth (%)

6.22

Regional analysis

North America, APAC, Europe, South America, North America, APAC, Europe, and South America

Performing market contribution

North America at 45%

Key consumer countries

US, China, Russian Federation, Japan, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

American Technologies Network Corp., ASELSAN AS, BAE Systems Plc, Elbit Systems Ltd., FLIR Systems Inc., L3Harris Technologies Inc., Raytheon Co., Thales Group, United Technologies Corp., and Vista Outdoor Inc.

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 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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What are the Key Data Covered in this Night Vision Devices Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive night vision devices market growth during the next five years
  • Precise estimation of the night vision devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the night vision devices industry across North America, APAC, Europe, South America, North America, APAC, Europe, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of night vision devices market vendors

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Read More Read Less

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Electrical Equipment and Instruments

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Military - Market size and forecast 2020-2025
      • Exhibit 17: Military - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Military - Year-over-year growth 2020-2025 (%)
    • 5.4 Civil - Market size and forecast 2020-2025
      • Exhibit 19: Civil - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Civil - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 21: Market opportunity by Application

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 22: Type - Market share 2020-2025 (%)
    • 6.2 Comparison by Type
      • Exhibit 23: Comparison by Type
    • 6.3 Goggles - Market size and forecast 2020-2025
      • Exhibit 24: Goggles - Market size and forecast 2020-2025 ($ million)
      • Exhibit 25: Goggles - Year-over-year growth 2020-2025 (%)
    • 6.4 Cameras - Market size and forecast 2020-2025
      • Exhibit 26: Cameras - Market size and forecast 2020-2025 ($ million)
      • Exhibit 27: Cameras - Year-over-year growth 2020-2025 (%)
    • 6.5 Scopes - Market size and forecast 2020-2025
      • Exhibit 28: Scopes - Market size and forecast 2020-2025 ($ million)
      • Exhibit 29: Scopes - Year-over-year growth 2020-2025 (%)
    • 6.6 Others - Market size and forecast 2020-2025
      • Exhibit 30: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 31: Others - Year-over-year growth 2020-2025 (%)
    • 6.7 Market opportunity by Type
      • Exhibit 32: Market opportunity by Type

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 34: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 35: Geographic comparison
    • 8.3 North America - Market size and forecast 2020-2025
      • Exhibit 36: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 37: North America - Year-over-year growth 2020-2025 (%)
    • 8.4 APAC - Market size and forecast 2020-2025
      • Exhibit 38: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: APAC - Year-over-year growth 2020-2025 (%)
    • 8.5 Europe - Market size and forecast 2020-2025
      • Exhibit 40: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: Europe - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 42: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 44: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 45: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 46: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 47: Market opportunity by geography

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 48: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Vendor landscape
          • Exhibit 49: Vendor landscape
        • 10.2 Landscape disruption
          • Exhibit 50: Landscape disruption
          • Exhibit 51: Industry risks
        • 10.3 Competitive Landscape

          11 Vendor Analysis

          • 11.1 Vendors covered
            • Exhibit 52: Vendors covered
          • 11.2 Market positioning of vendors
            • Exhibit 53: Market positioning of vendors
          • 11.3 American Technologies Network Corp.
            • Exhibit 54: American Technologies Network Corp. - Overview
            • Exhibit 55: American Technologies Network Corp. - Product and service
            • Exhibit 56: American Technologies Network Corp. - Key offerings
          • 11.4 Apresys International Inc.
            • Exhibit 57: Apresys International Inc. - Overview
            • Exhibit 58: Apresys International Inc. - Product and service
            • Exhibit 59: Apresys International Inc. - Key offerings
          • 11.5 ASELSAN AS
            • Exhibit 60: ASELSAN AS - Overview
            • Exhibit 61: ASELSAN AS - Business segments
            • Exhibit 62: ASELSAN AS - Key offerings
            • Exhibit 63: ASELSAN AS - Segment focus
          • 11.6 BAE Systems Plc
            • Exhibit 64: BAE Systems Plc - Overview
            • Exhibit 65: BAE Systems Plc - Business segments
            • Exhibit 66: BAE Systems Plc- Key news
            • Exhibit 67: BAE Systems Plc - Key offerings
            • Exhibit 68: BAE Systems Plc - Segment focus
          • 11.7 Bharat Electronics Ltd.
            • Exhibit 69: Bharat Electronics Ltd. - Overview
            • Exhibit 70: Bharat Electronics Ltd. - Business segments
            • Exhibit 71: Bharat Electronics Ltd. - Key offerings
            • Exhibit 72: Bharat Electronics Ltd. - Segment focus
          • 11.8 Elbit Systems Ltd.
            • Exhibit 73: Elbit Systems Ltd. - Overview
            • Exhibit 74: Elbit Systems Ltd. - Business segments
            • Exhibit 75: Elbit Systems Ltd. – Key news
            • Exhibit 76: Elbit Systems Ltd. - Key offerings
            • Exhibit 77: Elbit Systems Ltd. - Segment focus
          • 11.9 L3Harris Technologies Inc.
            • Exhibit 78: L3Harris Technologies Inc. - Overview
            • Exhibit 79: L3Harris Technologies Inc. - Business segments
            • Exhibit 80: L3Harris Technologies Inc. - Key offerings
            • Exhibit 81: L3Harris Technologies Inc. - Segment focus
          • 11.10 Luna Optics Inc.
            • Exhibit 82: Luna Optics Inc. - Overview
            • Exhibit 83: Luna Optics Inc. - Product and service
            • Exhibit 84: Luna Optics Inc. - Key offerings
          • 11.11 Safran SA
            • Exhibit 85: Safran SA - Overview
            • Exhibit 86: Safran SA - Business segments
            • Exhibit 87: Safran SA - Key offerings
            • Exhibit 88: Safran SA - Segment focus
          • 11.12 Teledyne Technologies Inc.
            • Exhibit 89: Teledyne Technologies Inc. - Overview
            • Exhibit 90: Teledyne Technologies Inc. - Business segments
            • Exhibit 91: Teledyne Technologies Inc. – Key news
            • Exhibit 92: Teledyne Technologies Inc. - Key offerings
            • Exhibit 93: Teledyne Technologies Inc. - Segment focus

          12 Appendix

          • 12.1 Scope of the report
            • 12.2 Currency conversion rates for US$
              • Exhibit 94: Currency conversion rates for US$
            • 12.3 Research methodology
              • Exhibit 95: Research Methodology
              • Exhibit 96: Validation techniques employed for market sizing
              • Exhibit 97: Information sources
            • 12.4 List of abbreviations
              • Exhibit 98: List of abbreviations

            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.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            The night vision devices market market growth will increase by $$ 3.02 bn during 2021-2024.
            The night vision devices market market is expected to grow at a CAGR of 6.54% during 2021-2024.
            Technavio has segmented the night vision devices market market by type (goggles, cameras, scopes, and others) ,application (military and civil) , and geography (North America, APAC, Europe, South America, and North America).
            American Technologies Network Corp., ASELSAN AS, BAE Systems Plc, Elbit Systems Ltd., FLIR Systems Inc., L3Harris Technologies Inc., Raytheon Co., Thales Group, United Technologies Corp., Vista Outdoor Inc. are a few of the key vendors in the night vision devices market market.
            North America will register the highest growth rate of 45% among the other regions. Therefore, the night vision devices market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
            • US
            • China
            • Russian Federation
            • Japan
            • France
            The key factors driving the night vision devices market market growth are:
            • Increased applications in military operations

              There has been a significant rise in terrorist activities globally. Terrorist activities greatly impact the economic conditions in a region. This drastically reduces foreign direct investment (FDI) as organizations prefer conducting businesses in less terror-prone nations to safeguard their investments. Therefore, this has led the governments of many terror-prone countries to take immediate actions by controlling terrorist activities. 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. Hence, the need for weapons and equipment leverages the capacity for navigation, surveillance, and targeting.Such upgrades have fueled the demand for night vision devices, such as scopes, goggles, and cameras, which improve the capability of the armed forces to target the enemy. For instance, BAE Systems offers ENVG III/FWS I-night vision mobility and targeting system, which has been integrated with thermal targeting solutions to acquire and focus the target with accuracy easily. The advanced features incorporated into this device include the 12-micron thermal technology that produces sharp thermal images both during day and night. The product is also small and light with low power and easy to operate. Hence, the rise in terrorist activities will lead to the enhancement of military operations, which will directly facilitate the demand for advanced night vision devices for applications, such as superior navigation and surveillance, during the forecast period.

            • Application of sensor fusion technology

              There has been increased integration of sensors in night vision devices due to the ability of sensory fusion technology to provide better estimations with accuracy. The sensor fusion information is reliable, multilateral, and comes with high levels of recognition mechanisms. Sensor fusion technology in night vision devices is in the form of 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 major use of sensor fusion technology will be beneficial to the military, security, and law enforcement personnel. Sensor fusion results in an ENVG, which is integrated with a thermal imager and image intensifier. 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). Further, the sensor fusion technology will lead to a completely electronic format that will facilitate the 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 expected to rise. This is because the military operations are aimed at using upgraded military equipment incorporated with multiple technologies. Thus, sensory fusion technology will drive the global night vision devices market during the forecast period.

            The night vision devices market market vendors should focus on grabbing business opportunities from the goggles segment as it accounted for the largest market share in the base year.
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