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The global night vision devices market size reached US$ 7.4 Billion in 2018. On account of these factors, the market is expected to reach a value of US$ 11.6 Billion by 2024, at a projected CAGR of 7.4% during 2019-2024.
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3. Report DescriptionReport Description and Highlights
Global Night Vision Devices Market Overview:
According to the latest report by IMARC Group, titled “Night Vision Devices Market: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global night vision devices
market size reached US$ 7.4 Billion in 2018. Night vision devices refer to a ser of equipment that help
in enhancing human sight under low light conditions. These devices were initially developed for
military use during World War II. Since then, they have evolved from bulky optical instruments to
lightweight googles owing to the advancements in image intensification technology. With reductions in
weight, cost, size, and power consumption, night vision devices are employed in several application
areas such as law enforcement, hidden-object detection, wildlife observation, military, automotive,
navigation and entertainment.
Night Vision Devices Market Trends
Over the past few years, the increasing geopolitical issues and territorial conflicts have created a need
for advanced electronic equipment, such as night vision devices, to improve vigilance and surveillance
in military areas across the globe. Owing to this, manufacturers are consistently upgrading the
functioning and design of camera installed in night vision devices to improve their efficiency.
4. Report DescriptionReport Description and Highlights
120.2
125.5 130.8 136.1 141.4 146.7 152.0 157.3
0
20
40
60
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120
140
160
2011 2012 2013 2014 2015 2016 2017 2018
InBillionUS$
160.0 165.3 170.6 175.9 181.2 186.5
0
20
40
60
80
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120
140
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180
2019 2020 2021 2022 2023 2024
InBillionUS$
Apart from the military sector, these devices have also gained popularity in the field of hunting across
the Czech Republic, the United States and Russia to improve the performance of hunting gear like
monoculars, viewfinders, and clip-on vision technologies. On account of these factors, the market is
expected to reach a value of US$ 11.6 Billion by 2024, at a projected CAGR of 7.4% during 2019-2024.
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5. Report DescriptionReport Description and Highlights
Moreover, there has been a rise in the usage of night vision devices in border security on account of
the high influx of refugees and immigrants, along with the increasing cross-border operation.
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Key Market Segmentation:
Market Segmentation by Devices
• Goggles
• Cameras
• Scopes
• Others
Based on the device, the market has been segmented into goggles, cameras and scopes. Currently,
goggles are the most popular type of night vision devices.
Market Segmentation by Technology
6. Report Description
Report Description and Highlights
• Image Intensifier
• Thermal Imaging
• Infrared Illumination
On the basis of the technology, the market has been segregated into image intensifiers, thermal
imaging and infrared illumination. Amongst these, the growth is led by image intensifiers, which help in
amplifying the available light.
Market Segmentation by End User
• Military Segment
• Civil Segment
The market for night vision devise has been categorized on the basis of the end user, which mainly
includes military and civil segments. Currently, the military segment represent the largest end user in
the market.
Market Segmentation by Region
7. Report DescriptionReport Description and Highlights
• Europe
• North America
• Asia Pacific
• Middle East and Africa
• Latin America
On a regional basis, North America represents the biggest market for night vision devices, holding the
majority of the global market share. This can be attributed to the large number of manufacturers of
night vision devices in the region. Other major regions include Asia Pacific, Europe, Middle East and
Africa, and Latin America.
Competitive Landscape
The competitive landscape of the market has also been examined with some of the key players.
• FLIR Systems
• Harris Corporation
• L3 Technologies
8. Report DescriptionReport Description and Highlights
• Elbit Systems
• American Technologies Network Corp.
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Partial List of Clients
10. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients