The Night Vision Cameras Market size is expected to grow from USD 5.21 billion in 2023 to USD 9.10 billion by 2028, at a CAGR of 11.78% during the forecast period (2023-2028).
Night vision cameras protect valuable assets by capturing video evidence of vandalism, theft, and any other unauthorized activity in low-light conditions. Most standard security systems or cameras often fail to fulfill this task. Advanced night vision security cameras enable an impressive array of features to make after-hours video surveillance easy, efficient, and accurate. They are one of the fastest-growing security systems in the global market. As a result, these cameras are being preferred across various industries, and in some cases, by several individuals for residential, public infrastructure, and industrial applications.
The night vision cameras 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 cameras with their cost decreasing in the long run is expected to encourage investors to invest in this technology in the next few years, which is likely to create more competition in the market. Key players are Intevac Inc., Photonis USA Inc., Elbit Systems Ltd, etc. Recent developments in the market are -
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