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.
With every driver comes restraints that prevent many countries from investing in the market. One restraint is the most concerning and that is the high cost. Night vision devices are complex and advanced which in turn makes these devices very costly. Night vision devices are subject to several regulatory restrictions in many countries. These restrictions can limit the sale and use of night vision devices, and they can also increase the cost of night vision devices.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Night Vision Devices Market Segmentation
By Device
- Camera
- Goggles
- Monoculars & Binoculars
- Others (Rifle Scope)
- By Technology
- Image Intensifier
- Thermal Imaging
- Infrared Illumination
By Application
- Paranormal Search
- Security & Surveillance
- Hunting and Wildlife Observation
- Navigation
- Hidden Object Detection
- Others (Rescue Operations)
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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
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