Military Night Vision Device Market
Military Night Vision Device Market Size was valued at USD 4.3 billion in 2022. The Military Night Vision Device market is projected to grow from USD 4.7644 Billion in 2023 to USD 8.8154 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.80% during the forecast period (2023 - 2030).
Military night vision device market is designed for the purpose of detecting objects in the dark using different types of technologies, such as image intensifier, thermal imaging, and infrared illumination. These optoelectronic devices tend to extend the perception of the human eye by making high resolution images. The increased need for the emergence of night devices with thermal imaging, development of lightweight military night vision devices, and wireless technology associated with night vision goggles will enable manufacturers to improve the quality of military night vision devices. The factors driving the growth of the global military night vision device market are the growing concern for national security, cheaper devices when compared to thermal imaging devices, and rising adoption of military night vision device by military and defense sector. However, the shortcoming in the military night vision device market includes the diminished procurement of night vision devices due to budgets cut and high initial cost.
On the basis of region, the Military Night Vision Device Market Overview is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South America. In the North American region, there is a presence of a large number of manufacturers and tier-1 suppliers. In the Asia Pacific region, the constant upgrades in technology as well as increase in the use of military night vision devices for civil and commercial applications will boost the growth of the market. There has been continuous evolution in the night vision technology, such as the latest generation 3 military night vision device uses a photocathode that comprises gallium arsenide, which helps improve image resolution.
Key Players
Military Night Vision Device Market Players are FLIR Systems (U.S.), Elbit Systems Ltd. (Israel), L3 Technologies Inc. (U.S.), Rockwell Collins Inc. (U.S.), Thales Group (France), BAE Systems (U.K.), American Technologies Network Corp. (U.S.), Harris Corporation (U.S.), Bharat Electronics Limited (India), Meopta – optika, s.r.o. (Czech Republic), and Newcon Optik (Canada).
By Device Type Insight:
· Camera
· Scope
· Goggle
By Technology Insight:
· Image Intensifier
· Thermal Imaging
· Infrared Illumination
By Application Insight:
· Surveillance
· Navigation
· Targeting
· Others
By Region Insight:
· America
· Europe
· Asia Pacific
· Middle East & Africa
· South America
The scope of the Report
This study provides an overview of the Global Military Night Vision Device Market Size tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for America, Europe, Asia Pacific (APAC), Middle East & Africa and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Military Night Vision Device market by its fuel type, vehicle type, and region.
Military Night Vision Device Market Research Report: Information by Device Type (Goggle, Camera and Scope), Technology (Image Intensifier, Thermal Imaging and Infrared Illumination), Application (Surveillance, Navigation, Targeting and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030
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