Night Vision Device Market Size, Share, Analysis, Trends, Growth, 2032

Night Vision Device Industry Prospective:

The global night vision device market size was worth around USD 7.8 billion in 2023 and is predicted to grow to around USD 20.8 billion by 2032, with a compound annual growth rate (CAGR) of roughly 11.5% between 2024 and 2032.

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Night Vision Device Market: Overview

A night vision device, sometimes referred to as a night optical/observation device or a night-vision goggle, is an optoelectronic gadget that enhances night vision by enabling the user to see images in low light levels. I2 (image intensification) is the process by which the gadget increases ambient visible light and transforms near-infrared light into visible light that humans can see. In contrast, thermal imaging, which works in a different region of the infrared spectrum, is the term used to describe the viewing of infrared heat radiation.

An image intensifier tube, a protective casing, and an optional mounting system are the standard components of a night vision device. While some NVDs have telescopic lenses, many also include a protective sacrificial lens placed over the front or objective lens to protect it against environmental damage.

Key Insights

• As per the analysis shared by our research analyst, the global night vision device market is estimated to grow annually at a CAGR of around 11.5% over the forecast period (2024-2032).
• In terms of revenue, the global night vision device market size was valued at around USD 7.8 billion in 2023 and is projected to reach USD 20.8 billion by 2032.
• The increasing military & defense expenditure is expected to drive the night vision device market over the forecast period.
• Based on the type, the goggle segment is expected to dominate the market over the forecast period.
• Based on the technology, the thermal imaging segment is expected to hold the largest market share over the forecast period.
• Based on application, the security & surveillance segment is expected to capture a significant market share during the forecast period.
• Based on the end-use, the government, military & defense segment is expected to capture a significant market share over the forecast period.
• Based on region, North America is expected to dominate the market during the forecast period.

Night Vision Device Market: Growth Drivers

Rising military expenditure drives market growth

Globally, military spending is rising. For instance, the Indian Finance Minister gave the Ministry of Defense INR 525,166.15 crore in February 2022 for the fiscal year 2022–2023. This is the biggest increase in the defense budget in recent years, with a 10% increase of INR 46,970 crore over the INR 478,196 crore allotted the year before.

As a result, it is anticipated that growing military spending will significantly impact the market. The need for night vision equipment will also rise as governments place more emphasis on improving military and defense infrastructure. The increasing dangers posed by different international defense forces open the door to better border monitoring day and night, which increases the need for different night vision devices. All of these factors will contribute to the growth of the night vision device market.

Night Vision Device Market: Restraints

The high cost of advanced night vision technology hinders market growth

One of the main factors limiting the night vision device industry is the expensive price of sophisticated night vision technology. Because of their advanced technology and improved performance, military-grade night vision devices—like those that use thermal imaging and second or third-generation image intensifiers—often have higher price tags. Higher R&D and production expenses result from the necessity of these devices for defense and security activities, where clarity and dependability are crucial.

Furthermore, substantial research and development expenditures are needed to create state-of-the-art night vision technology, such as uncooled thermal imagers or digital night vision with improved resolution. Customers frequently pay more for these devices as a result of this expense.

Night Vision Device Market: Opportunities

Advancements in technology offer a lucrative opportunity for market growth

One significant trend in the night vision device market is the use of sensor fusion technologies. Accurate estimations are made possible by integrating sensors into night vision devices. Sensor fusion is made up of two main technologies: image intensification and thermal imaging. Users will have access to a wide range of visible light, from near-IR to long-wave IR, when the two technologies are combined. Sensor fusion technology will help law enforcement, security, and military personnel. Users can send pictures to a command center for information verification or general intelligence collection and observation by using sensor fusion technologies.

As a result, the military's need for sensor fusion technologies is growing. Advanced military hardware that combines several technologies is used for military activities. Therefore, over the projected period, sensory fusion technology will generate opportunities for the expansion of the worldwide market.

Night Vision Device Market: Challenges

Limited battery life poses a major challenge to market expansion

Devices for night vision, particularly those that use image intensification or thermal imaging, can use a lot of power. This reduces the amount of time that devices may operate, especially in outdoor settings where power supplies may be scarce. Thus, the limited battery life poses a major challenge for the night vision device market.

Night Vision Device Market: Report Scope

Night Vision Device Market: Segmentation

The global night vision device industry is segmented based on type, technology, application, end-use, and region.

Based on the type, the global night vision device market is segmented into cameras, goggles, scopes, monoculars & binoculars, and others. The goggles segment is expected to dominate the market over the forecast period. The adaptability of goggles during night operations makes them widely used in the defense industry worldwide. The integration of these devices with Advanced Driver Assistance Systems (ADAS) for automobiles, however, is also a priority for automakers. Furthermore, this market is seeing profitable growth opportunities due to the quickly emerging trend of night excursions for photographers.

Based on the technology, the global night vision device industry is bifurcated into imaging intensifiers, thermal imaging, infrared illumination, and other emerging technologies. The thermal imaging segment is expected to hold the largest market share over the forecast period. Since thermal imaging magnifies light and allows for high visibility for items that appear identical during the day, it is frequently used in animal studies. It can also detect changes in body temperature, which helps distinguish between humans and animals. Imaging monoculars and thermal imaging rifle scopes are two common hunting thermal imaging tools.

Based on the application, the global night vision device market is bifurcated into security & surveillance, wildlife spotting & hunting, wildlife conservation, navigation, paranormal research, and others. The security & surveillance segment is expected to capture a significant market share during the forecast period. The need for these gadgets has significantly increased as a result of the ongoing growth of military operations during the night and low visibility situations.

Based on the end-use, the global night vision device industry is bifurcated into government, military & defense, and consumer. The government, military & defense segment is expected to capture a significant market share over the forecast period. Military and law enforcement organizations are increasingly looking for night vision equipment to enable them to function more effectively in low light levels as a result of the recent surge in military operations across the world. To collect evidence at crime scenes, seek for and rescue missing people or victims of natural catastrophes, and patrol to prevent crime and capture offenders, these organizations use night vision devices for several reasons.

Night Vision Device Market: Regional Analysis

North America dominates the market over the projected period

North America is expected to dominate the global night vision device market. The region's increased military and defense investment has made it possible for businesses to engage in research and development, leading to technologies that help them oversee the safety and security of their citizens and borders. The region's use of night vision devices is growing as a result of the increased use of night vision in firefighting operations to improve nighttime aerial firefighting capabilities.

Additionally, businesses in the industry are creating new technology for use in fields like aviation. A 27-inch ShadowSense touchscreen for the military was introduced in March 2022 by the Canadian technology company Baanto International. This touchscreen satisfies the standards of Night Vision Imaging Systems (NVIS), which can be used in missions in any amount of light. Through creation, integration, experimentation, laboratory and platform testing, and evaluation with integration with various systems in use, the regional governments also hope to advance their night vision capabilities.

Night Vision Device Market: Competitive Analysis

The global night vision device market is dominated by players:

• ATN Corp.
• Collins Aerospace
• Vista Outdoor Operations LLC
• L3Harris Technologies Inc.
• FLIR Systems Inc.
• BAE Systems
• Bharat Electronics
• Thales
• RTX
• Bushnell
• Yukon Advanced Optics Worldwide
• Adorama Camera Inc.
• Elbit Systems Ltd.

The global night vision device market is segmented as follows:

By Type

• Camera
• Goggle
• Scope
• Monocular & Binoculars
• Others

By Technology

• Imaging Intensifier
• Thermal Imaging
• Infrared Illumination
• Other Emerging Technologies

By Application

• Security & Surveillance
• Wildlife Spotting & Hunting
• Wildlife Conservation
• Navigation
• Paranormal Research
• Others

By End-use

• Government
• Military & Defense
• Consumer

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa