The global night vision devices market reached a value of US$ 7.4 Billion in 2018. Night vision devices (NVDs) assist in amplifying the gamma, infrared and ultraviolet light to produce an accurate and user-friendly image in the dark environment. These devices have navigation and targeting capabilities and are made using an objective lens, image intensifier tube (IIT) screen, eyepiece and power source. NVDs rely on the objective lens to gather light particles coming from the object and aid in focusing these particles on the IIT screen to form an image. Owing to their attributes, these devices are widely used by security agencies to enhance visual capabilities during nighttime.
With increasing terrorist threats and unlawful activities, security screening has become mandatory at places such as airports, railway stations, stadiums, border checkpoints and other public areas. As night vision devices help to navigate, observe, detect and target intruders and trespassers, their demand is increasing across the globe. Apart from this, NVDs are used by wildlife biologists and photographers to study animal behavior. For instance, thermal imaging devices that are able to work in absolute darkness have enabled photographers to capture unusual activities of nocturnal animals. Some of the other factors anticipated to impel the market growth over the forecast period include reduced costs, enhanced designs, convenience and technological advancements offering improved overall performance. By 2024, IMARC Group estimates the market to reach a value of US$ 11.6 Billion, at a CAGR of 7.4% during 2019-2024.
Breakup by Device:
Currently, goggles represent the most popular night vision devices as they amplify available light using the image enhancement technology.
Breakup by Technology:
At present, image intensifiers represent the largest segment, followed by thermal imaging and infrared illumination.
Breakup by End User:
The military segment currently accounts for the majority of the total market share as major military forces in the United States, Russia, China, India and North Korea are increasing their expenditure on defense.
North America enjoys a leading position in the global night vision devices market on account of the rising cross-border drug trafficking and smuggling activities in the region.
The competitive landscape of the market has been analyzed along with detailed profiles of the major players operating in the industry. Some of the key players covered in this report are:
Key Questions Answered in This Report:
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