Introduction of the Night Vision Device Market Report

Night-vision devices are purposed to offer clear visibility of over 150-200 yards even on a cloudy moonless night. Various night vision devices include binocular & monocular, cameras, goggles & glasses, and scopes. Night vision technology has dramatically evolved since its introduction and has given rise to several generations of night-vision devices & equipment with enhanced performance and reduced costs. Night vision devices find numerous uses in various verticals, such as navigation, surveillance, rescue, healthcare, and combat activities. The law enforcement personnel utilize night vision goggles for conducting training activities and ensuring the readiness of a particular mission. The night vision device market covers a wide range of devices such as binocular and monocular, camera, goggles/glasses, and scopes.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the growth of the global night vision device market include increasing terrorist activities coupled with the rising security concerns, which is leading to increased night patrolling and combat operations across the world. Moreover, the rising availability and advancements in surveillance solutions are fuelling the growth of the night vision device market to a significant extent. Advancements, including the emergence of light-weighted devices and other technological innovations, are projected to further propel the night vision device market growth over the forecast period. Its growing usage across various verticals such as law enforcement, border security, healthcare, and others is projected to enhance the growth of the global night vision device market over the forecast period. Furthermore, the increasing expenditure of the military, paired with the growing need for technologically advanced and efficient devices, is supplementing the growth of the night vision device market. The global military expenditure in 2019 represented a 3.8% increase over 2018. The military spending in the US increased by over 5.3 %, valued to $732 billion in the year 2019 and had accounted for approximately 38% of the global military spending.

Restraint in the Night Vision Device Market

Factors including high cost of manufacturing advanced device is projected to hamper the global night vision device market growth over the forecast period.

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Device Type – Segment Analysis

Based on the device type, scopes segment is estimated to dominate the global night vision device market over the forecast period. Scopes offer higher performance as compared to other devices. These devices are majorly used as weapon sights even though they are heavy in weight when compared with goggles. The growing demand for clearer vision during night hours is fuelling the growth of the scopes market. The product enhancements by several vendors in the market are supplementing the market growth. For instance, the Raytheon/L3/Insight W1000 thermal imaging military rifle scope provides precise image quality, with selectable reticles, and is a high-quality weapon used for thermal imaging.

Application – Segment Analysis

Based on the application, border surveillance is projected to grow at a faster CAGR over the forecast period. The increasing demand for night time security and thermal imaging cameras is supplementing the growth of the segment in the market.

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Regional – Segment Analysis:

Based on the region, the North America region is expected to dominate the global night vision device market during the forecast period. The rise in security breaches and stringent security measures during the night, specifically in the US and Canada, boosts the demand for night vision devices in the North American market. On the other hand, Asia-Pacific is projected to grow at a faster CAGR over the forecast period owing to the increasing number of manufacturing companies that are developing advanced night vision devices and increasing start-ups in the region such as Tonbo Imaging, Doogee, and others, which is giving a rise to massive competition among the players.

Top Market Players

Various notable players operating in the market include BAE Systems, Harris Corporation, Leonardo S.p.A, Thales Group, FLIR Systems, Inc., Raytheon Company, L3 Technologies, Inc., Luna Optics, Elbit Systems, and Safran Vectronix AG, among others. 

Key Developments:

• • In 2019, Thales Group announced the development of ELFIE night vision devices in collaboration with MKU Ltd in India – an armed forces equipment manufacturer. ELFIE can be both weapon mounted and helmet mounted.

Segments covered in the Report:

The global night vision device market has been segmented on the basis of device type, application, and regions. Based on device type, the market is segmented into binocular and monocular, camera, goggles/glasses, and scopes. Based on application, the market is segmented into border surveillance, law enforcement, fire & rescue, healthcare, and others. 

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Key questions answered in this research report:

• • At what pace is global night vision device market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Night Vision Device Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the Global Night Vision Device Market?
  • Which Device Type generated maximum revenues in 2019 and identify the most promising Device Typeduring the forecast period?
  • What are the various Application areas of Global Night Vision Device Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Device Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	BAE Systems, Harris Corporation, Leonardo S.p.A, Thales Group, FLIR Systems, Inc., Raytheon Company, L3 Technologies, Inc., Luna Optics, Elbit Systems, and Safran Vectronix AG among others, a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Night Vision Devices Market by Device Type

• • Binocular and Monocular
  • Camera
  • Goggles/Glasses
  • Scopes

Global Night Vision Devices Market by Application

• • Border Surveillance
  • Law Enforcement
  • Fire & Rescue
  • Healthcare
  • Others

Global Night Vision Devices Market by Region

• • North America Night Vision Devices Market (Option 1: As a part of the free 25% customization)
    • North America Market by Device Type
    • North America Market by Application
    • US Market All Up
    • Canada Market All Up
  • Europe Night Vision Devices Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Device Type
    • Europe Market by Application
    • UK Market All Up
    • Germany Market All Up
    • France Market All Up
    • Spain Market All Up
    • Rest of Europe Market All Up
  • Asia-Pacific Night Vision Devices Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Device Type
    • Asia-Pacific Market by Application
    • China Market All Up
    • India Market All Up
    • Japan Market All Up
    • Rest of APAC Market All Up
  • RoW Night Vision Devices Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Device Type
    • RoW Market by Application
    • Brazil Market All Up
    • South Africa Market All Up
    • Saudi Arabia Market All Up
    • UAE Market All Up
    • Rest of world (remaining countries of the LAMEA region) Market – All Up

Major Players Operating in the Night Vision Device (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BAE Systems
  • Harris Corporation
  • Leonardo S.p.A
  • Thales Group
  • FLIR Systems, Inc.
  • Raytheon Company
  • L3 Technologies, Inc.
  • Luna Optics
  • Elbit Systems
  • Safran Vectronix AG