Global Night Vision Device Market Size, Share and Trends Analysis Report By Device Type, By Technology (Image Intensifier, and Thermal Imaging), By End User, By Region, And Segment Forecasts, 2021-2028 | Analytical Research Cognizance

Global Night Vision Device Market Size, Share and Trends Analysis Report By Device Type, By Technology (Image Intensifier, and Thermal Imaging), By End User, By Region, And Segment Forecasts, 2021-2028

Published by ARCAMR001
Report ID 1668064
Published date May 06, 2021
Category Technology
Total Pages 112
Choose license type Buy Now
Request a Sample Enquiry Before Buying Check Discount

Industry Overview
The global night vision device market size is expected to be USD 30.2 Billion in 2028 and register a healthy rate of 9.2% during the forecast period. There is wide popularity of this device among wildlife researchers and nature enthusiasts which is boosting the demand in the market. Besides, these devices offer technical feasibility to soldiers in terms of originating color images with reasonable cost which makes has hiked night vision device demand across the world.

Some factors that contribute in the global market include hiked demand of advanced and improved vision devices, growing military expenditure & modernization. The devices come with the capability to see in dark as well as low intensity light. There are various steps taken in the area of electronics & optics so that the images that can’t be seen with bare eyes are intensified. Also, other trends came in this industry such as creating night vision devices with help of thermal imaging and lightweight devices.

The market is primarily segmented on the basis of By Component, By Technology, By End-User, and geographic region.

By Device Type
Binoculars and Monocular

By Technology
Image Intensifier
Thermal Imaging

By Application
Military Segment
Civil Segment

By Region
North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Hungary, Croatia, Austria)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. Australia)
Latin America (Brazil, Mexico, Argentina)
MEA (Saudi Arabia, UAE, Israel, South Africa)

Insight by Technology
Thermal imaging held the highest value in the past few years. The thermal imaging devices are further segmented into, uncooled and cryogenically-cooled devices. Cryogenically-cooled devices have high rates and extremely susceptible to damage as there is rough usage seen. Whereas uncooled devices are present in general for operation purpose and mostly operate at room temperature.

Whereas image intensifiers are highly growing segment due to their popularity and significance of devices. The devices are bifurcated by a generation with significant changes in night vision technology which has created new generation of devices. Currently, Generation 3 devices have wide acceptance in US military due to higher resolution and sensitivity. Also, devices like Generation 4 have stepped in market and named filmless and gated as they function efficiently in low and high-light environments.

Insight by Device Type
Among all segments, goggles accounted for the highest share in the market. There is high demand of goggles as the demand of night vision goggles from the military and defense sector is rapidly increasing. Also, surged investments and research & development can be observed in the market in order to upgrade or advance the night vision devices which is boosting the demand in global market.

Further, the segment of glasses is projected to grow at the healthy rate. Factors that may majorly contribute the growth of this segment is low maintenance costs and ensure reduce glare by filtering and scattering harsh blue light. Besides, the other segments like cameras, binoculars and monocular are predicted to grow at considerable CAGR over the forecast period. These segments have demand in applications such as medical security, border surveillance and law enforcement which is propelling the market growth.

Industry Dynamics
Growth Drivers
Global market growth can be attributed to the factors such as growing terrorist activities, security and safety concerns and political tensions over border issues which have peaked the demand in the military and defense industry. This industry is using these devices in order fulfill the growing demand for combat operations and night patrolling. Also, different countries governments like India, Germany, US, China and others are widening the market size with higher amount of investments in these devices.

Furthermore, wildlife research activities mandated the usage of different devices during night as part of surveillance and navigation. For this particular requirement, thermal imaging accomplishes the purpose as it has power to amplify the light and enable high visibility for similar objects captured in the day time. Its capability extends to spotting difference in body temperature which is useful in differentiating animals from human. The most common thermal imaging devices used for hunting is thermal imaging rifle scopes and imaging monocular.

Geographic Overview
North America is predicted to dominate the market during the forecast period owing to growing security breaches and higher dependency is propelling the demand of these kinds of solutions. Higher adoption of these devices can be observed in countries like US and Canada for offering enhanced security measures across public applications.

The highest growth is expected in Asia Pacific, owing to an increase in border conflicts, a substantial increase in defense sector spending on arms and electronics, and a noticeable increase in demand from the commercial sector. Additional factors such as demand for location-based devices across public transportation and government sectors are driving the demand across several industries. Constant technological advancements, as well as an increase in the use of military powers, are expected to fuel regional development.

In 2018, Europe accounted for a large portion of the market, and it is expected to continue to rise at a steady rate over the next six years. Countries like Germany, France, and the United Kingdom are gradually using the devices for city surveillance. The Middle East & Africa and Latin might have gradual CAGR over the coming years. This owes to growing investment by local government to adopt improved versions of these devices.

Competitive Insight
Major players that are leading the global market include BAE Systems Plc, FLIR Systems Inc., L3Harris Technologies Inc., Elbit Systems Ltd., ASELSAN AS, Raytheon Co., American Technologies Network Corp., Thales Group, United Technologies Corp. and Vista Outdoor Inc.

These companies are coming with unique and innovative products to be an established name in the market. For instance, the Ring Spotlight Cam monitor homes permits its customer to hear, speak and see anyone in the property from a tablet, PC or phone. Its unique features include 1020 HD video, built-in microphone and speakers, wide-angle camera lens and infrared night vision sensors.

IBM recently won a patent for a technology used in Google Glass. Each eyeglass lens comes with a red-colored projector. The projectors automatically project red light into each eye when the Google Glass consumer enters a low-light environment. This pair of glasses has a higher contrast picture that gives them night vision. Google has a certain vibe about it. "