Night Vision Device Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Camera, Goggles, Rifle Scope, Monoculars and Binoculars), By Technology (Thermal Imaging, Image Intensifier, Infrared Illumination), By Application (Military and Defense, Wildlife Spotting and Conservation, Surveillance, Navigation), By Region, and By Competition 2019-2029
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationNight Vision Device Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Camera, Goggles, Rifle Scope, Monoculars and Binoculars), By Technology (Thermal Imaging, Image Intensifier, Infrared Illumination), By Application (Military and Defense, Wildlife Spotting and Conservation, Surveillance, Navigation), By Region, and By Competition 2019-2029
| Forecast Period | 2025-2029 |
| Market Size (2023) | USD 8.89 Billion |
| CAGR (2024-2029) | 17.11 % |
| Fastest Growing Segment | Surveillance Applications |
| Largest Market | North America |
Market Overview
Global Night Vision Device Market was valued at
Additionally, night vision devices are increasingly being adopted by law enforcement agencies for conducting training activities to ensure the mission-ready status of military troops.
Key Market Drivers
Growing Thermal Imaging and Infrared Technologies Projects
With the rapid advancement of thermal imaging and infrared technologies, optics manufacturers continue to enhance their products to compete in high-demand areas, such as night vision devices. Wearable night vision equipment, such as enhanced night vision goggles (ENVG), which incorporate thermal imaging into their design, continue to increase as technology advances rapidly. Helmet-mounted goggles, cameras, and other thermal devices have been at the forefront of the market. Still, night vision goggles are expected to be the application to watch as the market develops.
Companies like BAE Systems PLC and L3Harris Communication, among others, are a few companies having a contract from the US Army and are developing night vision devices to gain increased revenue. However, as these devices are subjected to costly maintenance, it is restricting the market growth to an extent.
To expand the business in different regions and capture a wide market share, companies are constantly acquiring or partnering with other firms. For instance, in January 2022, EOTECH, an optical technology company based in Ann Arbor, purchased Intevac Inc.'s photonics division from Santa Clara, Calif., for USD 100 million.
The COVID-19 scenario has positively impacted the market growth. As most businesses are switching to remote working models, the demand for webcams has gone up significantly. Employees are finding webcams as a crucial accessory in video conferencing to upgrade from the low quality of laptop-embedded cameras.
Key Market Challenges
Cost Constraints
Night vision systems often come with a high price tag, limiting their adoption in certain sectors and regions.
Regulatory Compliance
Stringent regulatory requirements, especially in the defense sector, can hinder the development and deployment of night vision systems.
Cybersecurity Concerns
As night vision systems become more interconnected and reliant on data transmission, cybersecurity threats become a significant concern.
Ethical and Privacy Issues
The increased use of night vision systems in public spaces raises ethical concerns related to privacy and surveillance. Striking a balance between enhancing security and respecting individual privacy rights is a complex challenge that requires careful consideration.
Key Market Trends
Investment in Research and Development
Continued investment in R&D is crucial to staying ahead in the rapidly evolving technological landscape.
Economies of Scale
Manufacturers should explore ways to achieve economies of scale, potentially through increased production volumes or strategic partnerships.
Collaboration with Regulatory Bodies
Engaging with regulatory bodies early in the development process can streamline compliance efforts. Establishing industry standards and protocols in collaboration with regulators can facilitate smoother product certification.
Adaptive Environmental Solutions
Investing in research to enhance the environmental adaptability of night vision systems will broaden their application spectrum.
Cybersecurity Integration
Integrating robust cybersecurity features into night vision systems is imperative.
Supply Chain Diversification
Diversifying the supply chain by sourcing critical components from multiple regions can mitigate the impact of supply chain disruptions.
Public Awareness and Ethical Guidelines
Manufacturers and industry stakeholders should engage in transparent communication to address public concerns. Establishing ethical guidelines for the use of night vision systems and incorporating privacy safeguards can help build public trust.
Technological Advancements
The rising advancements in thermal imaging technologies are anticipated to offer significant stimulus growth to the market. Thermal imaging can help the companies to expedite quality inspection as the world of car manufacturing becomes smarter. Thermal can be included at every stage of the whole procedure, from back window heating to glue bead placement, recognizing faults that machine vision might miss. This advancement create the beneficial opportunity for the growth of the market.
Segmental Insights
Application Insights
The primary functions of the surveillance system are to capture, process, manage, store, and view recordings and images captured by the system. Technological advancements in the video surveillance industry have led to the development of night vision cameras that are designed to work in low-lit areas. According to WHO, around 1.25 million people die every year in road accidents globally. The deployment of video surveillance in road networks can help officials manage traffic in a better way and identify the causes of road accidents. Amid the ongoing community spread of COVID-19 across the world, in March 2020, the South Diego Chula Vista Police Department announced an investment of over USD 11,000 in acquiring two drones equipped with night vision cameras to mitigate the risk of the officers in these areas. The department has mentioned that it is aiming at watching over people living on the streets with these drones amid the outbreak.
Regional Insights
North America is expected to hold the largest market share in the night vision devices market driven by the United States, with the highest spending nation on its military and defense activities and by housing the key vendors in the market, including L3Harris Communication, Flir Systems Inc., American Technology Network Corp., and BAE Systems PLC, among others.
The governments in the region are exploring nighttime firefighting activities with improved technologies, such as night vision devices, enhancing their nighttime aerial firefighting capabilities. Night vision technology enables the safe operation of aircraft at night. In July 2019, the Orange County Fire Authority teamed up with Coulson Aviation by investing over USD 4 million to introduce firefighting helicopters to respond to calls in California. These helicopters are equipped with night vision devices for pilots and have a capacity of 1,000 gallons of water.
With the advancement in technologies, night vision devices are being integrated with machine learning and Augmented reality technologies further to enhance the night vision capabilities of the devices. For instance, in April 2022, a recent study at the University of California, Irvine, by a team led by Andrew Browne captured 140 pictures of different faces using a camera that can detect visible light and part of the infrared spectrum.
Further, the United States Army has recently started training its forces using Enhanced Night Vision Goggle-Binocular (ENVG-B). These goggles provide imagery and data from the battlefield directly to the soldier's eye. The system includes a high-resolution display, an embedded soldier wireless personal network rapid target acquisition system, and Augmented reality algorithms that enhance the night vision capabilities of army personnel on the battlefield.
Companies in the market are also developing new technologies in applications such as aviation. In March 2022, Canada-based technology firm Baanto International launched a 27-inch ShadowSense touch screen tech designed for defense forces. This touchscreen fulfills the Night Vision Imaging Systems (NVIS) requirements, which can be deployed in mission regardless of the level of ambient light.
Recent Developments
- April 2022 -Shenzhen GD Digital Ltd., based in China, launched a Kickstarter fundraiser forGAODI night goggles, a compact, lightweight night vision solution with dual TFT1.4-inch displays, offering a resolution of 390 x 390. The device has achieved100% funding within the first 24 hrs. of listing.
- April 2022 -L3Harris Technologies delivered over 1,500 units of combat-ready Enhanced NightVision Goggle - Binocular (ENVG-B) systems to the United States Army. Further,the company has also delivered more than 6,000 ENVG-B systems to the UnitedStates Army since 2018 as part of the POR and Directed Requirements contracts.
Key Market Players
- Aisin Seiki Co. Ltd.
- Valeo SA
- Veoneer Inc.
- Omron Corporation
- Magna International Inc.
- Denso Corporation
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