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Night Vision Device Market - Forecasts from 2025 to 2030

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    Report

  • 142 Pages
  • December 2024
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 4986726
The night vision devices market is expected to grow at a CAGR of 6.91%, reaching a market size of US$12.661 billion in 2030 from US$9.070 billion in 2025.

A night vision device is an electronic device that helps in viewing or imaging landscapes under very low-light conditions. These devices consist of an image intensifier, an optical mounting system, and protective housing. They allow users to view in dark locations and enhance safety and security in low-visibility conditions.

The global aerospace sector's expansion is boosting the growth of the night vision devices market. In the aerospace landscape, these devices are majorly used to operate aeroplanes at night or dusk. The night vision devices are designed to use an electro-optical system.

The Aerospace Industries Association, in its report, stated that the US aerospace industry witnessed a growth of about 6.7% over the years. The agency stated that in 2021, the sales of the aerospace and defence industry were recorded at US$843.972 billion, which increased to US$892.216 billion in 2022. In 2023, the sales of the aerospace and defence sector increased to US$955.229 billion in 2023.

Night vision devices Market Drivers

Improvement in military budgets is expected to drive the overall market growth

Night vision devices, owing to their infrared illumination and thermal imaging, find high applicability in military and defence applications. With the rising prevalence of terrorist attacks globally, the demand for such devices by security personnel is expected to show significant growth in the coming years. Furthermore, major countries, namely India, China, the USA, and Russia are increasing their military funding to bolster their overall defence capabilities against domestic and international threats, providing further growth opportunities for night vision devices.

According to the SIPRI (Stockholm International Peace Research Institute) Military Expenditure, in 2023, the global military expenditure reached US$2.44 trillion. The United States witnessed positive growth of 2.3% over 2022, with overall spending reaching US$916 billion. Their military also spent about USD 97 million on BAE Systems.

Night Vision Devices Market Geographical Outlook

North America is witnessing exponential growth during the forecast period.

The Night Vision Devices Market in North America will witness significant growth in the coming years due to the rising use of night vision devices during the conduct of operations at night, the increasing need for surveillance and reconnaissance, and technological advancements. These systems are highly imperative in border control, counter-terrorism, and gathering of intelligence. Personnel of night vision devices in the military and defence forces are in tactical operations during the night in low-light and no-light scenarios, which contribute to the rise in the use of these devices in the defence and military sectors of the country in the coming years. As per data available at USAspending.gov, the Department of Defense (DoD) received in FY 2024 the sum of $1.94 Trillion, valuing 14.3% of the entire federal budget, while dividing the budgetary resource amount of $1.94 Trillion, among its 6 sub-components.

Reasons for buying this report:

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
  • Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

  • Historical data & forecasts from 2022 to 2030
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The night vision devices market is segmented and analyzed as follows:

By Technology

  • Thermal Imaging
  • Infrared Illumination
  • Image Intensification

By Product

  • Camera
  • Goggle
  • Scope

By Application

  • Navigation
  • Security and Surveillance
  • Others

By Geography

  • North America
  • South America
  • Europe
  • Middle East and Africa
  • Asia-Pacific

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. CXO Perspective
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. NIGHT VISION DEVICES MARKET BY TECHNOLOGY
5.1. Introduction
5.2. Thermal Imaging
5.3. Infrared Illumination
5.4. Image Intensification
6. NIGHT VISION DEVICES MARKET BY PRODUCT
6.1. Introduction
6.2. Camera
6.3. Goggle
6.4. Scope
7. NIGHT VISION DEVICES MARKET BY APPLICATION
7.1. Introduction
7.2. Navigation
7.3. Security and Surveillance
7.4. Others
8. NIGHT VISION DEVICES MARKET BY INDUSTRY VERTICAL
8.1. Introduction
8.2. Construction
8.3. Food & Beverage
8.4. Automotive
8.5. Healthcare
8.6. Textile
8.7. Others
9. NIGHT VISION DEVICES MARKET BY GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. By Technology
9.2.2. By Product
9.2.3. By Application
9.2.4. By Country
9.2.4.1. United States
9.2.4.2. Canada
9.2.4.3. Mexico
9.3. South America
9.3.1. By Technology
9.3.2. By Product
9.3.3. By Application
9.3.4. By Country
9.3.4.1. Brazil
9.3.4.2. Argentina
9.3.4.3. Others
9.4. Europe
9.4.1. By Technology
9.4.2. By Product
9.4.3. By Application
9.4.4. By Country
9.4.4.1. United Kingdom
9.4.4.2. Germany
9.4.4.3. France
9.4.4.4. Spain
9.4.4.5. Others
9.5. Middle East and Africa
9.5.1. By Technology
9.5.2. By Product
9.5.3. By Application
9.5.4. By Country
9.5.4.1. Saudi Arabia
9.5.4.2. UAE
9.5.4.3. Others
9.6. Asia Pacific
9.6.1. By Technology
9.6.2. By Product
9.6.3. By Application
9.6.4. By Country
9.6.4.1. China
9.6.4.2. Japan
9.6.4.3. India
9.6.4.4. South Korea
9.6.4.5. Thailand
9.6.4.6. Indonesia
9.6.4.7. Taiwan
9.6.4.8. Others
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Market Share Analysis
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Competitive Dashboard
11. COMPANY PROFILES
11.1. Thales Group
11.2. BAE Systems
11.3. L3 Technologies
11.4. ATN Corporation
11.5. Elbit Systems
11.6. Armasight
11.7. RTX Corporation
11.8. OPTIX Co.
11.9. Meopta
11.10. Tata Advanced Systems Limited
11.11. MKU Ltd.
11.12. Alpha Design Technologies Pvt. Ltd.
11.13. Nightfox Night Vision
11.14. FLIR Systems Inc.

Companies Mentioned

  • Thales Group
  • BAE Systems
  • L3 Technologies
  • ATN Corporation
  • Elbit Systems
  • Armasight
  • RTX Corporation
  • OPTIX Co.
  • Meopta
  • Tata Advanced Systems Limited
  • MKU Ltd.
  • Alpha Design Technologies Pvt. Ltd.
  • Nightfox Night Vision
  • FLIR Systems Inc.

Methodology

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Table Information