NEW YORK, June 9, 2024 /PRNewswire/ — The global night vision devices market size is estimated to grow by USD 3.56 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 9.52% during the forecast period. Increased applications in military operations is driving market growth, with a trend towards application of sensor fusion technology. However, technological challenges in night vision devices poses a challenge. Key market players include American Technologies Network Corp., ASELSAN AS, BAE Systems Plc, Elbit Systems Ltd., Excelitas Technologies Corp., Intevac Inc., L3Harris Technologies Inc., Leonardo Spa, Luna Optics Inc., Meopta Optica S.R.O, N Vision Optics LLC, Newcon International Ltd., Night Vision Devices Inc., Safran SA, SATIR Europe Ireland Co. Ltd., Sharp Corp., TAK Technologies Pvt. Ltd., Teledyne Technologies Inc., Thales Group, and Vista Outdoor Inc..
Technavio has announced its latest market research report titled Global night vision devices market 2024-2028
Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report
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Night Vision Devices Market Scope |
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Report Coverage |
Details |
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Base year |
2023 |
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Historic period |
2018 – 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.52% |
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Market growth 2024-2028 |
USD 3563.9 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
8.47 |
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Regional analysis |
North America, APAC, Europe, South America, |
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Performing market contribution |
North America at 40% |
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Key countries |
US, China, Russia, UK, and Japan |
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Key companies profiled |
American Technologies Network Corp., ASELSAN |
Market Driver
The night vision devices market is experiencing growth due to the integration of sensor fusion technology. This technology combines thermal imaging and image intensification in a single device, expanding the visible light spectrum. Military, security, and law enforcement personnel will greatly benefit from this innovation. Future developments include digitally fused images from thermal imagers and electronic output image intensifiers, leading to digitally enhanced night vision goggles. Transmission of images to command centers for intelligence gathering is also a potential application, increasing the demand for sensor fusion technology in military applications.
The Night Vision Devices market is experiencing significant growth due to increasing terrorism and crime rates. Criminals and military forces use night vision devices for covert operations and surveillance. The technology behind these devices, such as infrared imaging and image intensification, allows users to see in complete darkness. Companies are investing in advanced technologies like thermal imaging and night vision goggles to cater to the growing demand. Additionally, the use of night vision devices in industries like oil and gas exploration and mining is expanding their application areas. The market is expected to continue its upward trend in the coming years.
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Market Challenges
Night vision devices, utilizing image intensification and thermal imaging technologies, encounter challenges. Image intensification relies on light amplification, rendering it ineffective in dark conditions. Daytime performance is inferior, and damage can occur under bright sources in low-light. Thermal imaging devices are costly to buy and run, bulky, and require cooling.
Uncooled thermal cameras have lower sensitivity and cannot handle high-speed IR applications. Sensitivity to headlamp light can impact night vision performance, limiting its effectiveness in certain driving conditions. Active IR systems have reduced vision area and struggle in adverse weather. These technological hurdles may hinder the growth of the global night vision devices market.
The Night Vision Devices market faces several challenges. Terrible conditions such as low light and nighttime environments require advanced technology. Terrain and weather conditions also pose challenges. Combinations of imaging and sensors are crucial for effective night vision. Devices must be compact and portable for military and security applications. Costs are a significant challenge, with advanced technologies driving up prices.
Combining affordability with high performance is a key objective. Additionally, the need for real-time analysis and integration with other systems adds complexity. Colors and various surfaces can affect night vision performance, requiring careful consideration. Security and privacy concerns are also important factors in the market.
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Segment Overview
Application
1.1 Military
1.2 Civil
Product
2.1 Night vision goggles
2.2 Night vision cameras
2.3 Night vision scopes
2.4 Others
Geography
3.1 North America
3.2 APAC
3.3 Europe
3.4 South America
3.5 Middle East and Africa
1.1 Military- The Night Vision Devices Market is experiencing significant growth due to increasing demand from military and civilian sectors. These devices enhance vision in low light conditions, providing advantages in various applications such as surveillance, search and rescue, and border security. Manufacturers are focusing on improving image quality and reducing size and weight to expand market reach. The market is expected to continue growing, driven by technological advancements and rising security concerns.
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Research Analysis
In the realm of security and surveillance, night vision devices play a crucial role in ensuring situational awareness and operational effectiveness for various sectors. These devices are extensively used in law enforcement for target identification and combating criminal activities. In the military and defense sector, night vision technology is essential for soldiers during combat activities and navigation in cloudy nights.
Optical innovations have significantly advanced night vision capabilities, enabling weapon locating devices, rangefinders, and viewfinders to function optimally in low-light conditions. Nature enthusiasts and wildlife researchers also benefit from night vision devices, providing them with color images to study nocturnal species. The market for night vision devices continues to grow, catering to the diverse needs of users in the military, law enforcement, and commercial surveillance sectors.
Market Research Overview
The Night Vision Devices Market encompasses surveillance and military applications. These devices enable clear visualization in low light conditions, utilizing image intensification technology. They are essential for security personnel, military forces, and law enforcement agencies. The market is driven by increasing demand for border security and surveillance systems, as well as advancements in technology leading to improved image quality and durability.
Additionally, the growing need for situational awareness in various industries, such as oil and gas, and mining, is fueling market growth. The market is segmented based on technology, application, and region. The future outlook is promising, with continued innovation and development in night vision technology.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Application
Military
Civil
Product
Night Vision Goggles
Night Vision Cameras
Night Vision Scopes
Others
Geography
North America
APAC
Europe
South America
Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
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SOURCE Technavio