Global Night Vision Device Market Size, Trends & Growth Opportunity By Device (Night Vision Camera, Night Vision Goggle, and Night Vision), By Application (Military, Surveillance, Hunting, Security, Navigation), By Technology (Thermal Imaging, Infrared il

Global Night Vision Device Market Size, Trends, & Growth Opportunity By Device (Night Vision Camera, Goggles, and Night Vision),By application (Military, Surveillance, Hunting, Security, Navigation), By Technology (Thermal Imaging, Infrared illumination, Image Intensifier), By Region and Forecast till 2027.

Global Night Vision Device Market

The global night vision device market was valued at USD 6.78 billion in 2021 which is expected to reach USD USD 17.32 billion by 2027, at a CAGR 16.3 % from 2022 -2027.

Night vision equipment is also known as a night optical/observation device. It is a type of optical instrument that produces images at different levels of light in the dark. These devices are broadly classified into three types: night vision cameras, night vision goggles, and night vision scopes.

Market Drivers

Increased military budgets in various regions, as well as the upgrading of existing defence devices, are the driving factors expected to propel the global market for night vision devices. Furthermore, the increased use of night vision devices for tracking suspicious people and vehicles will boost market growth. Furthermore, increased adoption of these devices in commercial vehicles and luxury vehicles is expected to drive market growth in the near future. Furthermore, technological advancements will drive market growth.

Market Restraints

However, the high cost of night vision devices due to the use of third generation technology is a major impediment to the growth of the global night vision devices market.

Market Segmentation

The global night vision device market is segmented into device such as Night Vision Camera, Night Vision Goggle, and Night Vision Scope, by technology such as Thermal Imaging, Infrared illumination, and Image Intensifier. Further, market is segmented into application such as Military, Surveillance, Hunting, Security, Navigation, and Others.

Regional Analysis

Also, the global night vision device market is diversified into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America is expected to dominate the market in terms of share. Rising security breaches and growing reliance are driving up demand for night vision solutions in countries such as the United States and Canada. The central governments of the United States and Canada are turning to night vision solutions to improve security across public applications. For example, military spending in the United States in 2019 was estimated to be around USD 732 billion, up 5.3% from the previous year. In 2019, the United States accounted for approximately 38% of global military spending.

Market Key Players

Various key players are discussed in this report, such as Thales Group, SATIR, Elbit Systems Ltd., American Technologies Network Corp., Harris Group Inc., L3 Technologies, Inc., Bharat Electronics Limited, Collins Aerospace, BAE Systems Plc, and FLIR Systems, Inc.

Market Taxonomy

By Device

• Night Vision Camera
• Night Vision Goggle
• Night Vision Scope

• Thermal Imaging
• Infrared illumination
• Image Intensifier

• Military
• Surveillance
• Hunting
• Security
• Navigation
• Others

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa