“Global Night Vision Devices Market to reach a market value of USD 13.6 Billion by 2030 growing at a CAGR of 9.2%”
The Global Night Vision Devices Market size is expected to reach $13.6 billion by 2030, rising at a market growth of 9.2% CAGR during the forecast period.
Night vision devices are increasingly integrated into automotive systems to enhance driver visibility during nighttime driving. Thus, the navigation segment acquired $874.0 million in2022. These systems use infrared sensors and cameras to detect obstacles, pedestrians, and other vehicles, providing real-time images to the driver.
Night vision cameras and surveillance systems are increasingly used for home security purposes. Homeowners deploy these devices to monitor their properties at night, enhancing overall security and providing a deterrent against potential intruders. Therefore, the night vision devices market is expanding significantly due to the increasing applications in civilian sectors.
Additionally, military and special forces engaged in counterterrorism operations rely on night vision devices to conduct covert missions and raids at night. Thus, because of the global rise in terrorism and asymmetric threats, the night vision devices market is anticipated to increase significantly.
However, the high upfront costs of advanced night vision devices can restrict market accessibility for a broad range of potential users. Small businesses, individual consumers, and organizations with tight budgets may find it difficult to invest in these technologies, restricting the overall market growth. Thus, high initial costs can slow down the growth of the night vision devices market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
By mounting type, the night vision devices market is bifurcated into stationary and portable. The portable segment recorded a remarkable 36% share in the night vision devices market in 2022. Handheld options enable rescuers to quickly scan large areas and locate distressed individuals during nighttime missions.
Based on device type, the market is classified into scopes, goggles, cameras, and binoculars & monoculars. In 2022, the cameras segment witnessed 39% revenue share in the market. Night vision cameras are popular among hunters for tracking games in low-light conditions.
By technology, the market is categorized into thermal imaging, imaging intensification, infrared illumination, and digital imaging. The imaging intensification segment covered a considerable 24% revenue share in the market in 2022. Image intensifiers are used in aviation for enhanced visibility during nighttime flights, contributing to pilot situational awareness and safety.
On the basis of application, the market is divided into law enforcement, wildlife surveillance, commercial surveillance, navigation, and others. In 2022, the law enforcement segment acquired 45.3% share in market with maximum revenue share. This includes locating missing persons, responding to accidents, and conducting operations in challenging terrain.
Free Valuable Insights: Global Night Vision Devices Market size to reach USD 13.6 Billion by 2030
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region led the market by generating the 37% revenue share. Night vision goggles and devices are integrated into aviation operations in North America, particularly for military and law enforcement aviation units.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 6.8 Billion |
| Market size forecast in 2030 | USD 13.6 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 9.2% from 2023 to 2030 |
| Number of Pages | 295 |
| Number of Tables | 470 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Mounting Type, Device Type, Technology, Application, Region |
| Country scope |
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| Companies Included | Vista Outdoor, Inc., L3Harris Technologies, Inc., Teledyne FLIR LLC (Teledyne Technologies Incorporated), BAE Systems PLC, Thales Group S.A., RTX Corporation, Elbit Systems Ltd., Leonardo SpA (Leonardo DRS, Inc.), ATN Corporation, EOTECH, LLC. |
By Mounting Type
By Device Type
By Technology
By Application
By Geography
This Market size is expected to reach $13.6 billion by 2030.
Increasing applications in civilian sectors are driving the Market in coming years, however, High initial costs of night vision devices restraints the growth of the Market.
Vista Outdoor, Inc., L3Harris Technologies, Inc., Teledyne FLIR LLC (Teledyne Technologies Incorporated), BAE Systems PLC, Thales Group S.A., RTX Corporation, Elbit Systems Ltd., Leonardo SpA (Leonardo DRS, Inc.), ATN Corporation, EOTECH, LLC.
The expected CAGR of this Market is 9.2% from 2023 to 2030.
The Thermal Imaging segment is leading the Market by Technology in 2022; there by, achieving a market value of $6.7 billion by 2030.
The North America region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $4.7 billion by 2030.
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