The global night vision device market size is expected to be worth around US$ 15.05 billion by 2030, according to a new report by Vision Research Reports.
The global night vision device market size was valued at US$ 8.60 billion in 2020 and is anticipated to grow at a CAGR of 11.1% during forecast period 2021 to 2030.
|Market Size||USD 15.05 billion by 2030|
|Growth Rate||CAGR of 11.1% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Type, Technology|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||American Technologies Network Corporation; Harris Corporation; FLIR Systems, Inc.; Raytheon Company; Yukon Advanced Optics Worldwide; Bushnell; Firefield; Apresys, Inc., Luna Optics; and L3 Technologies, Inc.|
Increasing popularity of night vision devices for civil applications such as construction sites, camping, firefighting, and monitoring has notably benefitted the market in the past few years. In addition, increased use of advanced technologies such as imaging intensifier and thermal imaging in security and surveillance devices has stimulated the market growth in commercial sector.
Night vision devices are extensively used by military and paramilitary forces to locate enemy targets during night operations. In the civil sector, night vision device are often used by police forces and surveillance bodies. Also, large enterprises are increasingly installing mounted cameras enabled with night vision features to monitor their facilities.
By Type Analysis
the scope devices segment accounted for the largest market share in 2020 and was valued at USD 2.56 billion. The demand for scopes is relatively higher than goggles as they offer better performance. Scopes are mainly used as weapon sights despite the fact that they are large and heavier than goggles. In addition, this product can be used for navigation as well as scouting purposes.
The camera segment accounted for a substantial market share in 2020 and is expected to register a steady CAGR over the forecast period. The growth of the camera segment is attributed to lower purchasing and maintenance costs. Moreover, cameras are more flexible, lightweight, and are detachable.
By Technology Analysis
Based on technology, the market can be segmented into image intensifiers, thermal imaging, and others. Thermal imaging accounted for the largest market share and was valued at USD 3.27 billion in 2020. There are two types of thermal imaging devices, namely, uncooled and cryogenically-cooled.
The image intensifier is expected to be the fastest-growing segment owing to the high popularity and significance of devices based on the technology. These devices are categorized by a generation with each significant change in night vision technology giving rise to a new generation of devices.
By Application Analysis
the defense segment accounted for the largest share of the market in 2020 and is expected to expand at a significant CAGR over the forecast period. The notable rise in military activities at nights and during conditions with poor visibility has led to a significant rise in demand.
the wildlife conservation application stood as the second-largest segment owing to the rise in night safaris and wildlife research activities. Funding provided by governments to carry out wildlife research has enabled researchers to employ advanced products.
By Regional Analysis
North America led in 2020 owing to the extensive usage of products in the U.S. army. In addition, intensive R&D activities undertaken for devising advanced devices contribute to the promising development of the regional market.
Asia Pacific is expected to witness the fastest growth, attributed to the rise in border disputes, extensive rise in expenditure on weapons and devices in the defense sector, and a notable rise in demand from the commercial sector.
American Technologies Network Corporation; Harris Corporation; FLIR Systems, Inc.; Raytheon Company; Yukon Advanced Optics Worldwide; Bushnell; Firefield; Apresys, Inc., Luna Optics; and L3 Technologies, Inc.
Middle East & Africa
The Night Vision Device market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Night Vision Device market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Night Vision Device market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Night Vision Device market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Night Vision Device market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Night Vision Device capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Night Vision Device by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Night Vision Device market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Night Vision Device market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Night Vision Device market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Night Vision Device industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Night Vision Device market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Night Vision Device market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Night Vision Device market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Night Vision Device market. These factors have benefited the growth of the global market for Night Vision Device. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Night Vision Device. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Night Vision Device are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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