Night Vision Devices is anticipated to grow at a considerable CAGR of 8.38% during the forecast period. A night vision device (NVD) is an optoelectronic device that allows users to see images in low light levels. They are also known as night optical/observation devices (NOD) and night vision goggles (NVG). There are many drivers for the market but the increase in military and defense expenditure is leading to the boom of the market. Governments around the world are increasing their spending on military and defense equipment, including night vision devices. This is due to several factors, including the rise of terrorism, the growing threat of climate change, and the increasing tensions between major powers. One of the examples of this is the US military. The US military has one of the largest expenditures on defense. For instance, the US has invested more than $44.5 billion in security assistance to demonstrate our enduring and steadfast commitment to Ukraine’s sovereignty and territorial integrity. The investment made by the US is for supporting Ukraine in the war against Russia.
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The global Night Vision Devices market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among these, North America has the biggest market share and is expected to continue to dominate the market. This is because the US government has the biggest expenditure on their defense. The country invests about 25% in defense. One more reason for this dominance in the entire world is the rapid advancement in technology for defense and the application of those advanced technologies in the defense sector.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Night Vision Devices Market by Device
- Camera
- Goggles
- Monoculars & Binoculars
- Others (Rifle Scope)
Global Night Vision Devices Market by Technology
- Image Intensifier
- Thermal Imaging
- Infrared Illumination
Global Night Vision Devices Market by Application
- Paranormal Search
- Security & Surveillance
- Hunting and Wildlife Observation
- Navigation
- Hidden Object Detection
- Others (Rescue Operations)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ASELSAN A.?.
- BAE Systems plc
- Excelitas Technologies Corp.
- Intevac, Inc.
- Leonardo S.p.A.
- Luna Optics, Inc.
- Meopta – optika, s.r.o.
- Newcon Optik
- Night Vision Guys LLC
- Night Vision Inc.
- Photonis France SAS
- RTX Corp. (Collins Aerospace)
- Safran Grp.
- SATIR Europe
- Shanghai Woyao Instrument Co., Ltd. (Apresys)
- Sharp Grp.
- Sightmark
- Teledyne Technologies Inc.
- Vista Outdoor Inc. (Bushnell)
- Yukon Advanced Optics Worldwide
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Night Vision Devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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