Night Vision Device Market Size, Share & Analysis

Updated on : Sep 12, 2024

Night Vision Devices Market Size

[216 Pages Report] The global night vision devices market was valued at USD 7.5 billion in 2023 and is estimated to reach USD 11.2 billion by 2028, registering a CAGR of 8.4% during the forecast period. The increasing demand for security and surveillance in law enforcement, commercial surveillance and navigation application, demand for advanced technologies and optical innovations is also expected to drive the market for night vision devices. Advances in night vision technology, such as improved image quality, reduced size and weight, and enhanced durability, have made these devices more accessible and appealing to a broader range of users are the major driving factors for the growth of the night vision devices market.

Night Vision Devices Market Growth

Night Vision Device Market Forecast to 2028

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Night Vision Devices Market Trends Dynamics:

Driver: Rising need for situational awareness and target identification in military & defense operations

The extensive use of night vision devices in military & defense and law enforcement applications is driven by the need for heightened situational awareness, target identification, and operational effectiveness in low-light and nighttime conditions. Military forces heavily rely on night vision technology, with special forces using night vision goggles (NVGs) in covert missions, such as the US Navy SEALs during high-stakes raids. Law enforcement agencies also depend on night vision devices, employing them for surveillance, search & rescue operations, and crowd control. For instance, police surveillance teams use night vision equipment for criminal investigations, while helicopter-mounted night vision systems aid in locating missing persons during nighttime search & rescue missions. Companies, such as Thales, Teledyne FLIR LLC, BAE Systems, and L3Harris Technologies, Inc., are renowned providers of advanced night vision technology, catering to the specialized needs of military and law enforcement agencies worldwide.

Restraint: Low budget allocation for developing innovative technology-powered night vision devices

Night vision devices, particularly advanced ones with cutting-edge technology, such as thermal imaging and high-resolution image intensifiers, can be quite expensive. This high cost poses a significant barrier to widespread adoption, especially for smaller law enforcement agencies, security firms, and individuals.

Additionally, governments and organizations may find it challenging to allocate substantial budgets for large-scale procurement, limiting the deployment of night vision technology in critical areas. The high cost of maintenance, including battery replacement and regular calibration, further adds to the overall ownership expenses. As a result, cost considerations can hinder the broader accessibility and adoption of night vision devices, particularly in regions or sectors with limited financial resources. Efforts to reduce manufacturing costs or develop more affordable alternatives are essential to mitigate this restraint. As an illustration, American Technologies Network Corp., a prominent industry player, provides a versatile night vision monocular device with pricing spanning from around USD 4,000 to USD 5,000.

Opportunity: Increasing government spending on security and surveillance systems to prevent terrorism

The night vision devices market is experiencing a favorable and opportunistic environment due to the increasing allocation of government budgets for security and surveillance purposes. Governments worldwide are recognizing the imperative need to enhance their security measures in the face of evolving threats, including terrorism and criminal activities. Consequently, substantial financial investments are being made to equip defense and law enforcement agencies with advanced night vision technology, such as night vision goggles and thermal imaging systems.

For example, in September 2023, BAE Systems was granted a contract by the UK Ministry of Defence (MOD) to enhance its Striker II Helmet Mounted Display (HMD) for the Royal Air Force (RAF) Typhoon aircraft. The Striker II HMD integrates an all-digital night vision system and a daylight-readable color display..

Challenge: Need for substantial investments in R&D of night vision devices for SMEs.

Night vision device manufacturers face constant pressure to innovate and develop new products that offer improved performance, better image quality, increased durability, and enhanced features. Staying at the forefront of technology requires substantial investments in research & development (R&D), which can strain resources. For instance, companies, such as Teledyne FLIR LLC, a leading provider of thermal imaging and night vision technology, have to invest in R&D to develop cutting-edge thermal imaging solutions. They must adapt to the evolving demands of military and commercial markets for thermal imaging technology. Companies, such as Yukon Advanced Optics Worldwide, L3Harris Technologies, Inc., and Teledyne FLIR LLC, in the night vision devices market must strike a balance between staying competitive through technological advancements and ensuring that their products are accessible and relevant to a broad range of customers. Large-scale players have the potential to invest and develop solutions related to the said market. However, SMEs have comparatively lower potential, which, in turn, acts as a challenge in the market. The development of night vision devices involves complex research in various areas, including optics, electronics, materials science, and image processing. Conducting this research and translating it into practical devices is time-consuming and costly.

Night Vision Devices Market Ecosystem

The Night vision devices market is competitive, with major companies such Teledyne FLIR LLC, L3Harries Technologies Inc, RTX, BAE Systems, Elbit Systems Ltd, Leonardo S.P.A, and Thales are the significant manufacturers of night vision devices, and numerous small- and medium-sized enterprises. Many players offer both night vision devices and their components, while many players and components offer integration services. These integration services are widely required in commercial, navigation, wildlife applications, among others.

Based on device type , the cameras segment is expected to account for the largest market share during the forecast period.

The cameras segment is projected to account for a significant market share during the forecast period. Night vision cameras are specialized imaging devices widely utilized across diverse sectors. They excel in capturing clear images and videos in low-light conditions and total darkness. Their applications are extensive, including security and surveillance for homes, businesses, and public spaces, enhancing law enforcement’s nighttime operations, supporting military reconnaissance and navigation, aiding search & rescue missions, and enabling wildlife observation without disturbing natural behavior.

Based on technology , the thermal imaging segment is projected to grow with the highest CAGR during the forecast period.

The thermal imaging segment is projected to account for a significant market share in 2028. This is propelled by various factors, including its ability to detect heat signatures and provide visibility in complete darkness or adverse weather conditions. It is often used in military applications, surveillance, and search & rescue operations, fueling the growth of the thermal imaging segment. Thermal imaging devices can detect and display temperature differences, allowing users to see objects and living beings in complete darkness or low-light conditions where traditional night vision devices may struggle. Thermal cameras can detect heat signatures, making them highly effective for identifying concealed threats, tracking wildlife, and locating individuals in search & rescue operations. Thermal imaging is unaffected by adverse weather conditions, such as fog, rain, or smoke, which can degrade the performance of other night vision technologies. It enables precise temperature measurement, which is valuable in industrial and military applications for identifying overheating components or monitoring the environment.

Based on region, Asia Pacific  is projected to grow fastest for the night vision devices market.

The scope of the night vision devices market in Asia Pacific includes China, Japan, South Korea, India, and the Rest of Asia Pacific. The night vision devices market in Asia Pacific is expected to record the highest CAGR during the forecast period. China, Japan, and India are among the major countries driving the night vision devices market in the region. The increasing population and the need for investments in night vision technologies to enhance military capabilities and border security in countries, such as India, China, South Korea, and Japan, are expected to drive the market. China and India stand among 10 countries escalating their military spending for security, surveillance, and counter-terrorism purposes.

Night Vision Device Market by Region

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Top Companies Night Vision Devices - Key Market Players

The night vision devices companies is dominated by a few globally established players such

• Teledyne FLIR LLC,
• L3Harries Technologies Inc,
• RTX, BAE Systems,
• Elbit Systems Ltd,
• Leonardo S.P.A, and
• Thales and so on.

Scope of the Night Vision Devices Market Size Report

Night Vision Device Market Highlights

This research report categorizes the night vision devices market based on type, pitch, and application, and region

Recent Developments

• In February 2023, Teledyne FLIR, LLC introduced a Prism AI release with a smaller AI model for easier deployment on embedded systems. This update empowers perception engineers to rapidly incorporate thermal cameras into advanced driver assistance systems (ADAS) and autonomous vehicle (AV) systems. This boosts object tracking performance by up to 24% in daytime and nighttime or low-light conditions.
• In May 2023, Leonardo DRS, Inc. secured a contract worth over USD 94 million from the US Army to manufacture advanced infrared weapon sights for infantry snipers. The company will produce the Family of Weapon Sights – Sniper, Improved Night/Day Observation Device Block III, designed to meet the needs of snipers and reconnaissance operatives who require extended-range target detection, environmental observation, and bullet trajectory tracking capabilities.
• In May 2023, Teledyne FLIR showcased progress in its Thermal by FLIR program for small, unmanned aircraft systems (sUAS). This includes integrating the Hadron 640R dual visible-thermal payload into the Teal 2 drone and incorporating the Lepton 3.5 thermal micro camera into the BRINC LEMUR 2. The Hadron 640R enhances the Teal 2’s capabilities for defense and public safety operations, providing essential situational awareness for night missions across diverse environments.
• In October 2022, L3Harris Technologies, Inc. entered a partnership with Merlinhawk Aerospace, a certified aerospace and defense design and manufacturing company in India, to establish a service center for WESCAM MX-Series electro-optical and infrared (EO/IR) systems.

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