Global Night Vision Device Market - Snapshot

The night vision technology was originally developed for military use only. The technology has provided numerous advantages to different military organizations. A night vision device (NVD) is an optical device that allows images to be created in levels of light approaching total darkness. Introduction of new sensors and devices for target acquisition and night seeing has increased capability of the armies in terms of continuous operations extending throughout day and night. Individual soldiers differ greatly in their ability to detect and see their targets while using different night vision devices. Across the globe, military, law enforcement, and security persons are likely to benefit greatly from use of the sensor fusion technology in night vision devices. Thus, the demand for night vision devices is rising at a rapid pace. However, as applications in commercial markets continue to advance, the demand is estimated to increase further in the near future. The global night vision device market is estimated to reach value of US$ 14,861.2 Mn by 2026 from US$ 6,964.8 Mn in 2017, expanding at a CAGR of 8.9% during the forecast period.

night vision device market

Rising adoption and rapid improvement and upgrade of devices and weapons to be used by the defense personnel are expected to drive the global night vision device market during the forecast period. Encouragement from governments for using night vision devices for law enforcement is also driving the night vision device market. Furthermore, companies are continuously aiming at the upgrade of their existing product portfolio in order to enhance customer experience. This is projected to boost the night vision device market during the forecast period. Automotive manufacturers are continuously focusing on adopting the night vision technology for their premium or luxury cars, which is also likely to propel the night vision device market during the forecast period. Moreover, widespread use of different night vision devices, such as scopes, goggles (bi-ocular and monocular), cameras, and binoculars, in border security led by high influx of refugees, increased cross-border operations, and the issue of immigrants is likely to boost the global night vision device (NVD) market during the forecast period. Furthermore, constant upgrade in the functioning and design of night vision cameras to make them more efficient for use in military and defense operations is fueling the global night vision device market. In recent years, an increasing number of consumers have turned toward night vision devices so as to operate in darkness. Use of night vision devices for nighttime hunting, photography, personal security, and fishing has become commonplace. Growing trend of adoption of the night vision technology for hunting, photography, and fishing is expected to create lucrative opportunities for the global night vision device market during the forecast period. However, the cost of regular maintenance of night vision equipment and devices is very high. This acts as a restraining factor for the global night vision device market.

The global night vision device market is fragmented with a large number of companies operating in the market. Leading players are currently focusing on providing technologically advanced products to customers. Increasing demand for night vision device applications with their cost decreasing in the long run is expected to encourage investors to invest in the night vision technology in the next few years. Maintaining quality standards is essential for manufacturers of night vision devices in order to adhere to stringent government regulations set for different end-use industries in various countries across the world. Moreover, as a part of their strategy, companies are engaging in various acquisitions; focusing on expanding their business; and entering into strategic partnerships.

Some of the major players operating in the global night vision device market and profiled in the study are Armasight, ATN Corporation, BAE Systems, FLIR Systems, Inc., Harris Corporation, L-3 Communications, Meopta, Newcon Optik, Optix, Sofradir EC, and Thales Group.

Global Night Vision Device Market: Overview

This comprehensive report by Transparency Market Research analyzes and forecasts the night vision device market at the global and regional levels. The report provides analysis for the period from 2016 to 2026, wherein 2018–2026 is the forecast period and 2017 is the base year. An in-depth and unbiased market assessment has been made to provide readers with in-depth and accurate analysis. The report highlights all major trends expected to be witnessed in the night vision device market from 2018 to 2026. It also focuses on market drivers, restraining factors, and opportunities in the night vision device market during the forecast period. The study provides a complete perspective on growth of the night vision device market, in terms of both value (in US$ Mn) and volume (in million units), across various geographies including North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

The report includes detailed value chain analysis, which is focused on providing an extensive view of the global night vision device market. Porter’s Five Forces analysis has also been provided to help understand the competition scenario in the global night vision device market. The study incorporates market attractiveness analysis, wherein type, technology, and application segments of the market have been benchmarked based on their size, growth rate, and attractiveness. In order to offer complete analysis of the overall competition scenario in the global night vision device market, every region mentioned in the report has been provided with attractiveness analysis.  

The market overview chapter in the report explains market trends and dynamics including drivers, restrains, and the current and future opportunities for the night vision device market. Outlook analysis of the global market has also been provided in the report. Additionally, the report provides analysis of different business strategies being adopted by leading players in the night vision device market. The market introduction chapter helps in getting idea of different trends in the global night vision device market. 

Global Night Vision Device Market: Scope of Report

The study provides a decisive view of the global night vision device market, by segmenting the market, based on type, into personal use and vehicle use. The personal use segment has been sub-divided into scopes, goggles (bi-ocular & monocular), cameras, and others. Based on technology, the market has been divided into image intensifiers, thermal imaging, and others. In terms of application, the market has been segregated into military & defense, law enforcement, hunting, wildlife observation, surveillance & security, navigation, and others. The report provides detailed, region-wise segmentation of the global night vision device market and categorizes it into various levels, thereby providing valuable insights at micro and macro levels.

The report highlights competition scenario in the night vision device market, thereby ranking all major players according to their geographic presence and key recent developments. Insights into the night vision device market is a result of extensive primary interviews, secondary research, and in-house expert panel reviews conducted by TMR. The market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.

Based on country/sub-region, the market in North America has been divided into the U.S., Canada, and Rest of North America. The Europe market comprises France, Germany, the U.K., and Rest of Europe. The APAC night vision device market includes China, Japan, India, South Korea, and Rest of Asia Pacific. The market in Middle East & Africa has been segmented into GCC, South Africa, and Rest of Middle East & Africa. South America includes Brazil and Rest of South America. The report provides all strategic information required to understand the global night vision device market in terms of type, technology, and application segments. The report provides insights into type, technology, and application segments of the market in various geographies mentioned above.  

Global Night Vision Device Market: Research Methodology

The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and white papers are usually referred.

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews of the night vision device market across geographies. Primary interviews are usually conducted on an ongoing basis with market experts and participants in order to obtain the latest market insights and validate the existing data and analysis. Primary interviews offer new information on important factors such as market trends, market size, competition landscape, and growth trends. These factors help validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by TMR’s expert panel.

Global Night Vision Device Market: Competition Scenario

The research study comprises profiles of leading companies operating in the global night vision device market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Parameters such as investments in and spending on night vision devices and developments by major market players have been tracked. Some of the key players operating in the global night vision device market are Armasight, ATN Corporation, BAE Systems, FLIR Systems, Inc., Harris Corporation, L-3 Communications, Meopta, Newcon Optik, Optix, Sofradir EC, and Thales Group. 

The global night vision device market has been segmented as follows:

Global Night Vision Device Market, by Type

  • Vehicle Use (Cameras)
  • Personal Use
    • Scopes
    • Goggles (Bi-ocular & Monocular)
    • Cameras
    • Others (Binoculars, Clips on, etc.)

Global Night Vision Device Market, by Technology

  • Image Intensifiers
  • Thermal Imaging
  • Others

Global Night Vision Device Market, by Application

  • Military & Defense
  • Law Enforcement
  • Hunting
  • Wildlife Observation
  • Surveillance & Security
  • Navigation
  • Others

Global Night Vision Device Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America 
.