Night Vision Devices Market is valued at USD 9.41 Billion in 2022 and expected to reach USD 15.89 Billion by 2028 with the CAGR of 9.12% over the forecast period.
Global Night Vision Devices Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028– Rapidly increasing adoption of these devices in the military is one of the major factors driving the growth of the Global Night Vision Devices Market.
Night vision device is an electro-optical device used to detect visible and infrared energy and provide a visible image. This technology provides users with some vision in total darkness and improved vision in low-light environments. Night vision devices includes night vision goggles, forward-looking infrared, thermal sights, and low-light-level television. These devices have various applications such as; night driving or flying, night security and surveillance, wildlife observation, sleep lab monitoring, and search and rescue. Night vision devices are mostly used in the military and also have a recreational purpose. Additionally, night vision devices are also called night optical/observation devices (NOD) and night-vision goggles (NVG), these devices are firstly used in World WarII and it is introduced by the German Army.
Global Night Vision Devices market report is segmented on the basis of product, technology, application, and region& country level. Based upon the product, the market is classified into goggles, camera, scope, and others. Based upon technology, the market is divided into image intensifiers, thermal imaging, and infrared illumination. Based upon application, the market is divided into navigation, surveillance, targeting, and others.
The regions covered in this Night Vision Devices market report are North America, Europe, Asia-Pacific, and Rest of the World. On the basis of country level, the market of Night Vision Devices sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
By Regional & Country Analysis:
Middle East and Africa
January 15th, 2018; The FLIR announced a variety of thermal and night vision products for the tactical and outdoor markets. Weighing only 7.4oz, the FLIR Breach multifunctional thermal monocular is FLIR’s lightest, most compact, full-featured 320x240 thermal monocular that fits in a pocket or mounted to a helmet. Powered by FLIR’s 12-micron high-performance Boso thermal core, the Breach delivers crisp images on a high-definition display, and offers recording and internal storage of up to four hours of video and 1,000 still images. FLIR is also expanding its Armasight by FLIR night vision lineup with new monocular and binocular families with hand, weapon or helmet mounted options.
One of the major factors driving the growth of the global night vision devices market is its rapidly increasing adoption in the military and defense sectors. In addition, its various advantages such as excellent low-light-level sensitivity enhanced visible imaging yields the best possible, recognition and identification performance, high resolution, low power and cost, and ability to identify people are also fostering the market growth. Additionally, increasing military budget in various countries and up-gradation of current devices in defense are also supplementing the market growth. However, due to economic slowdown, most of the countries have to be cautious about military funding which may hamper the market growth. In spite of that, rapidly increasing technological advancement and growing expenditure by the government into R&D night vision technology may create a number of opportunities for the further growth of the market.
North America is expected to dominate the global night vision devices market due to the increasing investment in technological advancementsin this field and growing investment in military equipment in this region. For example, according to American security; The U.S. Army has awarded BAE Systems $97 Million in Orders for Night Vision Goggles and Thermal Weapon Sights. Asia pacific is an emerging market in night vision device market due to the increasing use of advance military devices and growing inclination towards the cost effective technological advance devices in this region. Additionally, increasing military budget in developing countries is another factor anticipated to propel growth of the night vision device market in this region.
|Historical data||2018 - 2021|
|Forecast Period||2022 - 2028|
|Market Size in 2020:||USD 9.41 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 15.89 Billion|
|Tables, Charts & Figures:||175|
|Night vision Devices Manufacturers||Thales Group, FLIR Systems, Inc., BAE Systems Plc, Collins Aerospace, Bharat Electronics Limited, L3 Technologies, Inc., Harris Group Inc., American Technologies Network Corp., Elbit Systems Ltd., SATIR|
|Segments Covered||By Technology, By Product, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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