New York, United States, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The Global Night Vision Device Market Size is To Grow from USD 8.3 Billion in 2022 to USD 18.86 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 8.5% during the projected period.
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Night vision devices are optical devices that improve vision in low-light or darkness, allowing users to see in conditions where the human eye would normally struggle. These devices use a variety of technologies to magnify current light or detect infrared radiation to provide good images in the dark. Night vision devices work by capturing and amplifying available light, such as moonlight or starlight, with an image intensifier tube. Situational awareness and target identification are in high demand in military and defense operations. The need for improved situational awareness, target identification, and operational effectiveness in low-light and nighttime conditions drives the widespread use of night vision devices in military and defense applications, as well as law enforcement. Furthermore, manufacturers' increased R&D investment has resulted in the development of novel night vision devices with features such as longer battery life, lighter weight, and higher picture quality. However, strict government laws and restrictions on product usage, combined with intense market competition, pose a significant challenge to key players. Furthermore, due to high manufacturing costs, these devices are only available to military forces. In addition, commercial availability to the general public increases the risk of security breaches in government facilities, hindering market growth.
Browse key industry insights spread across 200 pages with 110 market data tables and figures & charts from the report on the "Global Night Vision Device Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Cameras, Goggles, Scopes, Binoculars & Monoculars), By Technology (Thermal Imaging, Image Intensifier, Infrared, Digital), By Application (Military & Defense, Wildlife Spotting, Security and Surveillance, Navigation), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032."
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The cameras segment is expected to grow fastest in the global night vision device market during the forecast period.
Based on product type, the global night vision device market has been segmented into cameras, goggles, scopes, binoculars & monoculars. Among these, the cameras segment is expected to grow fastest in the global night vision device market during the forecast period. Night vision cameras are specialized imaging devices used in numerous industries. They succeed at capturing clear images and videos in low-light and complete darkness. Their applications include home and business security and surveillance, as well as law enforcement nighttime operations.
The thermal imaging segment is expected to grow at the highest pace in the global night vision device market during the anticipated period.
Based on the technology, the is divided into thermal imaging, image intensifier, infrared, digital. Among these, the thermal imaging segment is expected to grow at the highest pace in the global night vision device market during the anticipated period. Thermal imaging can detect heat signatures and provide visibility in complete darkness or stormy conditions. It is widely used in military applications, surveillance, and search and rescue operations, fueling the thermal imaging market.
The military & defense dominate in the global night vision device market during the forecast period.
Based on the application, the global night vision device market is divided into military & defense, wildlife spotting, security and surveillance, navigation. Among these, the military & defense dominate in the global night vision device market during the forecast period. German tanks were the first to use night vision in the military. These devices were initially expensive and difficult to use, but they provided far superior vision to the naked eye. Night vision devices are essential military equipment, and most modern armies provide them to all of their soldiers.
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North America dominates the market with the largest market share over the forecast period.
North America is projected to hold the largest share of the global night vision device market over the forecast period. Increased military and defense spending in the region has allowed companies to conduct research and development, resulting in innovations that allow them to manage the safety and security of their people and borders. Increased use of night vision in firefighting activities increases the region's adoption of night vision devices.
Europe is expected to grow the fastest in the global night vision device market during the anticipated time frame. The primary driving forces for the market are government initiatives concerning security, counter-terrorism, and the need to provide emergency services in areas with low visibility or ambient light. The region's government has recently increased its investments in advanced technological equipment for night vision capabilities.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global night vision device market are ATN Corp., Collins Aerospace, Vista Outdoor Operations LLC, L3Harris Technologies, Inc., FLIR Systems, Inc., BAE Systems, Bharat Electronics, Thales, RTX, Bushnell, Yukon Advanced Optics Worldwide, Adorama Camera, Inc., Elbit Systems Ltd. & Others.
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Recent Developments
- In April 2023, Shenzhen Mileseey Technology Co., Ltd. has introduced the TNV30, a new night vision thermal monocular. The device allows for display customization and optimizes imaging effects in various scenarios.
Market Segment
This study forecasts revenue at global night vision device, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the global night vision device market based on the below-mentioned segments:
Global Night Vision Device Market, Product Type Analysis
- Cameras
- Goggles
- Scopes
- Binoculars & Monoculars
Global Night Vision Device Market, Technology Analysis
- Thermal Imaging
- Image Intensifier
- Infrared
- Digital
Global Night Vision Device Market, Application Analysis
- Military & Defense
- Wildlife Spotting
- Security and Surveillance
- Navigation
Global Night Vision Device Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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