Category

Night Vision Device Market Size, Share, Opportunities, And Trends By Technology (Thermal Imaging, Infrared Illumination, Image Intensification), By Product (Camera, Goggle, Scope), By Application (Navigation, Security And Surveillance, Others), And By Geography - Forecasts From 2020 To 2025

Published: Mar 2020 | Report Code:  KSI061610189 | Pages:  120

The night vision device market is projected to grow at a CAGR of 8.28% to reach US$10.086 billion by 2025, from US$6.258 billion in 2019. The growing adoption of night vision devices for various applications due to its cost-effectiveness is bolstering the demand for these devices. The rising number of terrorist attacks worldwide is further fuelling the need for night vision devices by the military and defense sector. The other additional factor contributing to the market growth is a burgeoning need for tracking animal activities in wildlife sanctuaries.

By Product, night vision goggles is holding a significant share

By product, the night vision goggles segment is anticipated to hold a substantial share in the global night vision device market throughout the forecast period owing to increasing demand from the military and defense sector. Night vision goggles are small and lightweight which makes them a better choice for a range of applications. Moreover, factors such as low cost and lesser power requirements are also augmenting the demand for night vision goggles over the forecast period.    

North America is expected to be the global leader

Geographically, North America held a significant share of the global night vision device market in 2019 and will remain at its position till 2025 owing to the presence of a large number of key players, along with the early adoption of technology in the region. The Asia Pacific will also witness a significant regional market growth owing to the rising adoption of night vision devices for navigation and security applications.

Competitive Insights

Major players in the night vision device market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the night vision device market.

Prominent key market players in Night Vision Device market include Thales Group, L3 Communications, BAE Systems, FLIR Systems, and ATN Corporation among others. Market players are adopting growth strategies like new product launches, M&A and partnerships to expand their product portfolio and gain a larger market share.

Segmentation:

  • By Technology
    • Thermal Imaging
    • Infrared Illumination
    • Image Intensification
  • By Product
    • Camera
    • Goggle
    • Scope
  • By Application
    • Navigation
    • Security and Surveillance
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the night vision device market size?
A1. The night vision device market was valued at US$6.258 billion in the year 2019.
 
Q2. What will be the night vision device market size by 2025?
A2. The night vision device market is expected to reach a market size of US$10.086 billion by 2025.
 
Q3. What are the growth prospects for the night vision device market?
A3. The night vision device market is expected to grow at a CAGR of 8.28% over the forecast period.
 
Q4. What factors are anticipated to drive the night vision device market growth?
A4. The growing adoption of night vision devices for various applications due to its cost-effectiveness is bolstering the demand for these devices.
 
Q5. Which region holds the largest market share in the night vision device market?
A5. North America held a significant share of the global night vision device market in 2019 and will remain at its position till 2025 owing to the presence of a large number of key players, along with the early adoption of technology in the region.
 

OUR CLIENTS