Authored By: Sarah
25 Jun 2024

 Night Vision Devices Market Size to grow by USD 3563.9 million between 2024-2028

According to a research report “ Night Vision Devices Market” by Application (Military, Civil) Product (Night vision goggles, Night vision cameras, Night vision scopes, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3563.9 million, at a CAGR of about 9.52% during the forecast period. In the current global climate, terrorist activities pose a significant threat to economic stability and foreign direct investment (FDI). The unpredictability of such incidents compels organizations to prioritize business operations in regions with a lower terror risk. Consequently, governments of terror-prone nations are taking proactive measures to mitigate these threats, including enhancing military capabilities. This enhancement involves upgrading weapons and devices, such as night vision devices, which are essential for effective navigation, surveillance, and targeting. The resulting demand for advanced night vision technology, including scopes, goggles, and cameras, has been escalating, enabling military forces to efficiently counteract enemy threats.

Browse market data tables, figures, and in-depth TOC on “Night Vision Devices Market” by Application (Military, Civil) Product (Night vision goggles, Night vision cameras, Night vision scopes, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Application, the Military segment is projected to dominate the market size in 2024

The Night Vision Devices Market represents a significant growth opportunity for businesses in the defense and security sectors. These devices, which enhance visibility in low-light conditions, are essential for various applications including military surveillance, border security, and search and rescue operations. The market is driven by increasing demand for advanced night vision technology and growing government spending on defense and security. Key players in the market include BAE Systems, FLIR Systems, and L3 Technologies.

By Product, Night vision goggles  segment is expected to hold the largest market size for the year 2024

The Night Vision Devices Market represents a significant growth opportunity for businesses in the defense and security sectors. These devices, which enhance visibility in low-light conditions, are essential for military operations and surveillance activities. The market is driven by increasing defense budgets, technological advancements, and growing security concerns. Key players include companies such as FLIR Systems, BAE Systems, and Thales Group. The market is expected to grow at a CAGR of over 5% during the forecast period.

North America is forecasted to hold the largest market size by region in 2024

The Night Vision Devices Market represents a significant growth opportunity for businesses in the defense and security sectors. These devices, which enhance visibility in low-light conditions, are essential for various applications, including military surveillance, border security, and search and rescue operations. The market is driven by factors such as increasing terror threats, growing demand for border security, and technological advancements in night vision technology. Businesses that invest in this market can expect robust growth and strong returns on investment.

The Night Vision Devices Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • American Technologies Network Corp.
  • ASELSAN AS
  • BAE Systems Plc
  • Elbit Systems Ltd.
  • Excelitas Technologies Corp.
  • Intevac Inc.
  • L3Harris Technologies Inc.
  • Leonardo Spa
  • Luna Optics Inc.
  • 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.
.

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Research Analysis Overview

The Night Vision Devices Market encompasses a range of advanced technologies, including Viewfinders, Rangefinders, and Weapon Locating Devices, designed to enhance situational awareness and operational effectiveness in various sectors. These devices are essential for Defense personnel during Combat activities, Training activities, and Rescue missions, particularly in cloudy nights. Military sector applications include the use of Night Vision Goggles for Target identification and Situational awareness in the field. Moreover, Night Vision Devices have found extensive use in the Navigation application for Typhoon aircraft and other military vehicles. In the Law enforcement sector, these devices aid in the identification and prevention of Criminal activities and Terrorism. Wildlife researchers and Nature enthusiasts also utilize Night Vision Devices for observing nocturnal animals. Optical innovations in Night Vision Technology enable the production of Color images, enhancing the overall user experience. The Market for Night Vision Devices continues to grow, driven by the increasing demand for Security and Surveillance solutions in both Military and Defense, and Commercial Surveillance applications.

Market Research Overview

The Night Vision Devices Market encompasses a range of technologies, including image intensifiers, monocular and binoculars, cameras, viewfinders, rangefinders, weapon locating devices, and goggles. These devices are essential in various sectors, such as wildlife research, military and defense, and law enforcement, for enhancing situational awareness and operational effectiveness in low light conditions. Image intensifiers, like Imaging intensifiers, play a crucial role in converting ambient light into visible images. Infrared illumination is another critical component, enabling night vision devices to function in complete darkness. Monocular and binoculars, cameras, and goggles are widely used by defense personnel, soldiers, wildlife researchers, nature enthusiasts, and law enforcement authorities for training activities, border surveillance, combat activities, rescue operations, navigation, and covert missions. Night vision technology is increasingly being adopted for commercial surveillance, security and surveillance, and thermal imaging applications. The market includes various optical innovations, such as color images, that offer enhanced capabilities for target identification and situational awareness. Night vision devices are used in various sectors, including the military sector, Typhoon aircraft, and law enforcement agencies, to counter security threats, criminal activities, terrorism, and other challenges in low light conditions.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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