Night Vision Device Market
PUBLISHED: 2023 ID: SMRC23051
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Night Vision Device Market

Night Vision Device Market Forecasts to 2028 - Global Analysis By Device Type (Binoculars & Monocular, Goggles and Others), Component (Photo Cathode, Front Lens, Image Intensifier Tubes and Others), Technology, Application, End User and By Geography

4.9 (47 reviews)
4.9 (47 reviews)
Published: 2023 ID: SMRC23051

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $7.74 BN

Projected Year Value (2028)

US $13.95 BN

CAGR (2022 - 2028)

10.3%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Night Vision Device Market is accounted for $7.74 billion in 2022 and is expected to reach $13.95 billion by 2028 growing at a CAGR of 10.3% during the forecast period. The night vision equipment gives the soldiers colour visuals in the dim field conditions. Recent years have seen these devices grow in popularity among wildfire researchers as well, which is predicted to increase demand for such equipment. The demand has been fuelled by the technological and application viability, such as head-mounted night vision, combined with affordable price. With these gadgets, you can see well for more than 150 to 200 yards at night. are used more frequently in the military and defence sector.

According to SIPRI, the United States spent over USD 778 billion on its defense activities, followed by China, with USD 252 billion in 2020.



Market Dynamics:

Driver:

Growing use of near-infrared (NIR) imaging technology in NVDS for security and surveillance applications


One of the key advancements in night vision equipment is the use of near-infrared (NIR) imaging technology. In any weather, it enables soldiers to launch attacks and expose the victims' locations. The capacity of modern NIR sensors to recognise and follow motions happening in the shadows is a factor in their increasing acceptance. The market's leading companies are concentrating on releasing cutting-edge items to enhance the client experience.

Restraint:

High cost


Due to its versatility in a range of military and defence applications, the market is expanding quickly. The market development, however, is projected to be constrained by high production costs brought on by the usage of pricey third-generation technologies and unique materials, such as night vision optics. Because of the expensive expense of NVDs, particularly night vision goggles, their usage is now restricted to the military. Because of specific political difficulties, certain manufacturers are forced to maintain the high costs. This might hinder the market's adoption of NVDs like goggles and scopes.

Opportunity:

Increased spending on the military and defence


The military and defence sector are seeing a huge demand for NVDs as a result of the growth in terrorist activities, political unrest over border disputes, and security and safety concerns. To meet the growing need for night patrolling and combat activities, the military and the defence sector are embracing NVDs. Growing public spending on NVDs by nations like China, India, Germany, Russia, the US, and others is anticipated to increase market size throughout the anticipated period.

Threat:

Lack of technical expertise


Lack of skilled workers or technological know-how, particularly in developing and undeveloped nations, will further impede the market's development rate. Therefore, it is predicted that a major hurdle for the market for night vision devices throughout the projected period would be a lack of technical competence.

Covid-19 Impact

To deal with the COVID-19 epidemic, governments everywhere are creating strict monitoring systems. Organisations are also redesigning their business continuity strategies by investing in cutting-edge methods to combat the epidemic. Police are helped by drones equipped with night vision cameras to locate public gatherings without breaking social norms. The tool also aids in recognising those who are not wearing masks in public areas. For instance, the introduction of sophisticated drones equipped with night vision cameras to track public movement during the coronavirus pandemic was allowed by the Italian government and the Italian Civil Aviation Authority (ENAC).

The glasses segment is expected to be the largest during the forecast period

The glasses segment is estimated to have a lucrative growth, due to the glasses due to lower maintenance costs and the ability to reduce glare by scattering and filtering out harsh blue light. Additionally, the binoculars and monocular, cameras, and scopes segments are anticipated to expand at a significant CAGR between 2020 and 2027 due to rising demand for scopes, binoculars, cameras, and others, in applications such as border surveillance, medical monitoring, and others.

The medical segment is expected to have the highest CAGR during the forecast period

The medical segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the increasing use of various equipments such thermal imagers, in the medical and healthcare sectors is what is driving this segment's growth. The thermal imager produces infrared pictures of the human body that are helpful for assessing blood flow, measuring muscle function, and spotting people with fever in a crowd. Additionally, the CAGR for other segments is predicted to increase significantly. This is primarily because there is an increase in demand for NVDs in the fields of engineering, fire and rescue, law enforcement, marine & coastal surveillance, and others.

Region with highest share:

North America is projected to hold the highest market share during the forecast period owing to the demand for night vision products is increasing globally, including in the US and Canada, as a result of increasing security breaches and rising reliance. The central governments of the US and Canada are choosing night vision technologies to give improved security measures across public applications.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the surge is a result of increased demand for location-based gadgets in public transit hubs including airports, train stations, and bus stops. Additionally, the region's increased military spending will increase demand for NVDs in a number of other businesses.



Key players in the market

Some of the key players profiled in the Night Vision Device Market include BAE System Plc, Teledyne Flir LLC, American Technologies Network Corp., L3harris Technologies Inc, Thales Group SA, Elbit Systems Deutschland, Raytheon Technologies Corporation, Satir, Firefield, Opgaloptronic Industries Ltd, Luna Optics Inc, Panasonic Corporation, Photonis Technologies Sas, Sharp Corporation, Tactical Night Vision Company, Tak Technologies Private Limited, Nivisys LLC and Excelitas Technologies Corp.

Key Developments:

In February 2019, Thermoteknix Systems Ltd. launched its advanced TiCAM 1000C Biocular Target Locator System at the Security & Policing security event 2019. It is a hand-held camera used for observation, surveillance, and security applications. It is also suitable for dark environments and poor weather conditions.

In February 2019, Thales Group announced the co-development of ELFIE night vision devices in collaboration with armed force manufacturer MKU ltd in India. ELFIE will offer easy mobility and night combat facility. The product can be used via helmet mounted or weapon mounted, it is suitable for left and right eyes.

Device Types Covered:
• Binoculars & Monocular
• Goggles
• Glasses
• Scopes
• Cameras

Components Covered:
• Photo Cathode
• Front Lens
• Image Intensifier Tubes
• High Voltage Power Supply
• Phosphor Screen
• Eyepiece
• Image Intensifier Tubes
• Other Components

Technologies Covered:
• Thermal Imaging Process
• Low Light Imaging Process
• Infrared Illumination

Applications Covered:
• Border surveillance
• Law Enforcement
• Engineering
• Maritime & Coastal surveillance
• Security
• Medical
• Fire & Rescue
• Other Applications

End Users Covered:
• Automotive
• Military
• Aerospace
• Defence
• Government

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Night Vision Device Market, By Device Type
5.1 Introduction
5.2 Binoculars & Monocular
5.3 Goggles
5.4 Glasses
5.5 Scopes
5.5.1 Handheld Scopes
5.5.2 Rifle Scopes
5.6 Cameras

6 Global Night Vision Device Market, By Component
6.1 Introduction
6.2 Photo Cathode
6.3 Front Lens
6.4 Image Intensifier Tubes
6.5 High Voltage Power Supply
6.6 Phosphor Screen
6.7 Eyepiece
6.8 Image Intensifier Tubes
6.9 Other Components

7 Global Night Vision Device Market, By Technology
7.1 Introduction
7.2 Thermal Imaging Process
7.3 Low Light Imaging Process
7.4 Infrared Illumination

8 Global Night Vision Device Market, By Application
8.1 Introduction
8.2 Border surveillance
8.3 Law Enforcement
8.4 Engineering
8.5 Maritime & Coastal surveillance
8.6 Security
8.7 Medical
8.8 Fire & Rescue
8.9 Other Applications

9 Global Night Vision Device Market, By End User
9.1 Introduction
9.2 Automotive
9.3 Military
9.4 Aerospace
9.5 Defence
9.6 Government

10 Global Night Vision Device Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 BAE System Plc
12.2 Teledyne Flir LLC
12.3 American Technologies Network Corp.
12.4 L3harris Technologies Inc.
12.5 Thales Group SA
12.6 Elbit Systems Deutschland
12.7 Raytheon Technologies Corporation
12.8 Satir
12.9 Firefield
12.10 Opgaloptronic Industries Ltd
12.11 Luna Optics Inc.
12.12 Panasonic Corporation
12.13 Photonis Technologies Sas
12.14 Sharp Corporation
12.15 Tactical Night Vision Company
12.16 Tak Technologies Private Limited
12.17 Nivisys LLC
12.18 Excelitas Technologies Corp.

List of Tables
1 Global Night Vision Device Market Outlook, By Region (2020-2028) ($MN)
2 Global Night Vision Device Market Outlook, By Device Type (2020-2028) ($MN)
3 Global Night Vision Device Market Outlook, By Binoculars & Monocular (2020-2028) ($MN)
4 Global Night Vision Device Market Outlook, By Goggles (2020-2028) ($MN)
5 Global Night Vision Device Market Outlook, By Glasses (2020-2028) ($MN)
6 Global Night Vision Device Market Outlook, By Scopes (2020-2028) ($MN)
7 Global Night Vision Device Market Outlook, By Handheld Scopes (2020-2028) ($MN)
8 Global Night Vision Device Market Outlook, By Rifle Scopes (2020-2028) ($MN)
9 Global Night Vision Device Market Outlook, By Cameras (2020-2028) ($MN)
10 Global Night Vision Device Market Outlook, By Component (2020-2028) ($MN)
11 Global Night Vision Device Market Outlook, By Photo Cathode (2020-2028) ($MN)
12 Global Night Vision Device Market Outlook, By Front Lens (2020-2028) ($MN)
13 Global Night Vision Device Market Outlook, By Image Intensifier Tubes (2020-2028) ($MN)
14 Global Night Vision Device Market Outlook, By High Voltage Power Supply (2020-2028) ($MN)
15 Global Night Vision Device Market Outlook, By Phosphor Screen (2020-2028) ($MN)
16 Global Night Vision Device Market Outlook, By Eyepiece (2020-2028) ($MN)
17 Global Night Vision Device Market Outlook, By Image Intensifier Tubes (2020-2028) ($MN)
18 Global Night Vision Device Market Outlook, By Other Components (2020-2028) ($MN)
19 Global Night Vision Device Market Outlook, By Technology (2020-2028) ($MN)
20 Global Night Vision Device Market Outlook, By Thermal Imaging Process (2020-2028) ($MN)
21 Global Night Vision Device Market Outlook, By Low Light Imaging Process (2020-2028) ($MN)
22 Global Night Vision Device Market Outlook, By Infrared Illumination (2020-2028) ($MN)
23 Global Night Vision Device Market Outlook, By Application (2020-2028) ($MN)
24 Global Night Vision Device Market Outlook, By Border surveillance (2020-2028) ($MN)
25 Global Night Vision Device Market Outlook, By Law Enforcement (2020-2028) ($MN)
26 Global Night Vision Device Market Outlook, By Engineering (2020-2028) ($MN)
27 Global Night Vision Device Market Outlook, By Maritime & Coastal surveillance (2020-2028) ($MN)
28 Global Night Vision Device Market Outlook, By Security (2020-2028) ($MN)
29 Global Night Vision Device Market Outlook, By Medical (2020-2028) ($MN)
30 Global Night Vision Device Market Outlook, By Fire & Rescue (2020-2028) ($MN)
31 Global Night Vision Device Market Outlook, By Other Applications (2020-2028) ($MN)
32 Global Night Vision Device Market Outlook, By End User (2020-2028) ($MN)
33 Global Night Vision Device Market Outlook, By Automotive (2020-2028) ($MN)
34 Global Night Vision Device Market Outlook, By Military (2020-2028) ($MN)
35 Global Night Vision Device Market Outlook, By Aerospace (2020-2028) ($MN)
36 Global Night Vision Device Market Outlook, By Defence (2020-2028) ($MN)
37 Global Night Vision Device Market Outlook, By Government (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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