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Night Vision Device Market To Observe Exceptional Growth As Suggested By The Latest Trends, Key Players | Grand View Research, Inc.

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Night Vision Device Market To Observe Exceptional Growth As Suggested By The Latest Trends, Key Players | Grand View Research, Inc.

October 18
20:46 2021
Night Vision Device Market To Observe Exceptional Growth As Suggested By The Latest Trends, Key Players | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the growing popularity of the devices among nature enthusiasts and wildlife researchers is likely to propel the demand

The global night vision device market size is expected to reach USD 10.05 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.1% during the forecast period. 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.

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Night Vision Device Market Report Highlights

• In terms of type, the goggles segment is expected to expand at the highest CAGR of 9.2% over the forecast period owing to the increasing trend of night photography

• In terms of technology, the image intensifier technology segment is expected to lead the market over the forecast period owing to the increasing use of the technology in diagnostics systems in the healthcare sector for providing better visibility

• The wildlife spotting application segment is projected to register the highest CAGR over the next six years as these devices help detect animal activity sometimes nearly invisible to the naked eye

• In Asia Pacific, the constant technology upgrades, as well as a notable increase in the use of military night vision devices in anti-tank missile guidance systems, will boost the market growth

• Manufacturers emphasis on integrating night vision devices with Infrared solid-state imaging sensors is expected to be a major driver for market growth in near future

• Some of the key players operating in the night vision device market includes American Technologies Network Corporation; Harris Corporation; FLIR Systems, Inc.; Raytheon Company; Yukon Advanced Optics Worldwide; Bushnell; Firefield; Apresys, Inc.; Luna Optics; and L3 Technologies, Inc.

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Night Vision Device Market Segmentation

Grand View Research has segmented the global night vision device market based on type, technology, application, and region:      

Night Vision Device Type Outlook (Revenue, USD Million, 2014 – 2025)

    • Camera                                              

    • Goggles                                  

    • Scope

    • Others     

Night Vision Device Technology Outlook (Revenue, USD Million, 2014 – 2025)    

    • Image Intensifier

    • Thermal Imaging

    • Others

Night Vision Device Application Outlook (Revenue, USD Million, 2014 – 2025)   

    • Defense

    • Wildlife Spotting

    • Wildlife Conservation

    • Surveillance  

    • Navigation

    • Others

Night Vision Device Regional Outlook (Revenue, USD Million, 2014 – 2025)          

     • North America       

        • U.S.

        • Canada

     • Europe

        • Germany

        • U.K.

     • Asia Pacific

        • China

        • India

        • Japan

     • Latin America

        • Brazil

     • Middle East & Africa

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About Grand View Research

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.

Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients. 

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