Night Vision Device Market Size, Share & Trends Analysis Report By Type (Camera, Goggles, Scope, Monocular & Binoculars, Others), By Technology, By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2030

Night Vision Device Market Size, Share & Trends Analysis Report By Type (Camera, Goggles, Scope, Monocular & Binoculars, Others), By Technology, By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2030

Night Vision Device Market Growth & Trends

The global night vision device market size is expected to reach USD 16.32 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 11.5% from 2023 to 2030. Increasing popularity of night vision devices for civil applications such as construction sites, camping, firefighting, and monitoring has notably benefitted the market in the past few years. In addition, increased use of advanced technologies such as imaging intensifier and thermal imaging in security and surveillance devices has stimulated the market growth in commercial sector.

Night vision devices are extensively used by military and paramilitary forces to locate enemy targets during night operations. In the civil sector, night vision device are often used by police forces and surveillance bodies. Also, large enterprises are increasingly installing mounted cameras enabled with night vision features to monitor their facilities.

From the national security point of view, activities such as border infiltration, breach of security, and illegal border trade have increased due to an alarming rise in terrorism across the globe. In such scenarios, night vision devices can help law enforcement personnel in detecting camouflaged humans in darkness, haze, or smoke. As a result, the adoption of night vision devices such as scopes and goggles is rising across the security forces.

Demand for night vision devices is expected to be on the rise over the over the forecast period owing to high usage by the defense forces. High-tech night vision devices result in great accuracy during combat and rescue missions. In addition, a high number of robberies occur during nights as compared to daytime. For instance, in U.S., the rate of robberies occurring at night has doubled in the past ten years. Therefore, law enforcement authorities have to be well equipped with spy gear to address a casualty at any moment, necessitating the use of night vision devices.

Night Vision Device Market Report Highlights

• The goggles segment accounted for the largest revenue share of 29.6% in 2022. Goggles find extensive use in the defense sector across the globe due to their versatility during night operations.
• Based on technology, the market is segmented into imaging intensifiers, thermal imaging, infrared illumination, and other emerging technologies. The thermal imaging segment accounted for the largest market share of 41.7% in 2022.
• The security and surveillance segment accounted for the largest revenue share of 26.9% in the night vision device market in 2022. The continued expansion of military activities during night time and poor visibility conditions has led to a significant rise in demand for these devices.
• The government, military & defense segment accounted for a dominant revenue share of 65.2% in 2022.
• North America dominated the market and accounted for the largest revenue share of 39.9% in 2022, owing to the extensive usage of night vision products in the U.S. Army.
• Asia Pacific is expected to advance at the fastest CAGR of 13.3% over the forecast period, which can be attributed to the rising instances of border disputes in the region, a noticeable rise in expenditure on weapons and devices in the defense sector, and a substantial growth in product demand from the commercial sector.

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