The global Night Vision Devices industry dynamics are changing, in terms of increasing end-use by various people, and new technological advancements are expected to aid the growth of the industry in the future. The adoption of high-grade equipment by militaries across the globe is also expected to be the major growth catalyst for the industry 

The Night Vision Devices Market is expected to reach USD 12150 million during the forecast period at a 8.6% CAGR. 

Covid-19 Impact:

The outbreak of coronavirus disease (COVID19) severely restricted the food and beverage markets in 2020 as trade restrictions disrupted the supply chain and government blockades around the world reduced consumption. COVID 19 is an infectious disease with flu-like symptoms such as fever, cough, and breathing difficulties. The virus was first identified in Wuhan, Hubei Province, the People's Republic of China in 2019 and has spread worldwide, including Western Europe, North America, and Asia. The onset of this “Black Swan” event made a huge dent in the global Night Vision Devices market as businesses and factories shut, demand subsided, vehicles stopped, and everything came to a halt altogether. Although with economies opening up and the pent-up demand on hand, the market is recovering fast and is expected to grow steadily for the next few years. Some of the measures taken by the government include the development of stringent surveillance mechanisms to point the spread of corona.  Night vision devices are being integrated into drones to locate such gatherings during low light and night times. Also, these devices can detect individuals without masks in public areas.

Based on Type,

The night vision devices market is categorized into product, technology, and application. The product category can be further segmented into Goggles, Cameras, Scopes, Glasses, Binoculars and monoculars, and Others. The goggles segment currently dominates the night vision devices market share as it is lightweight and comes with detachable property, thus increasing its demand in the night vision devices industry. This demand is expected to contribute the further night vision devices market growth in the coming years. All the other key details and aspects based on product type and their respective anticipated growth are discussed in the report with special emphasis on key details necessary for informed decisions by the stakeholders.

Based on the Application,

Based on application or end-use, the market is further segmented into Defence, Wildlife Spotting, Wildlife Conservation, Surveillance, Navigation, and Others. The aircraft and CCTVs surveillance segment dominate the market due to rapid development in unmanned aerial vehicles. Increased usage in wildlife spotting and conservation are also expected to aid further growth. An extensive study about the market based on the end-use or application is discussed in the report, providing all the key details to the interested stakeholders.

Based on technology,

Based on technology, the market can further be segmented into Image Intensifiers, Thermal imaging, Infrared illumination, and others. Image intensifier technology is expected to grow in near future due to lower pricing than thermal imaging. Other factors related to growth pace and segments with respect to technology are extensively researched and included in the report.

Based on the region,

Region-wise, the night vision devices market analysis is done across North America, Europe, Asia-Pacific, and Latin America, Middle-East, and Africa. The rise in demand for night vision devices in the Asia-Pacific region is expected due to increased spending on military and aerospace. Among all regions, the market in North America is projected to emerge dominant in the coming years.  The increasing security breaches in several countries across this region will lead to wider product adoption. The increasing product use in surveillance and enhanced security measures in the United States and Canada will emerge in favor of the growth of the regional market. Moreover, the increasing military and defense expenditure will bode well for the growth of the regional market. As of 2019, the market in North America was worth USD 1.55 billion and this value is projected to increase further in the coming years.

Night vision devices are equipment that is worn on the eyes and are aimed at enhancing the vision at night or low light. These devices are also named night optical/observation devices which are the optical instrument and pose-ability of creating images in levels of light in the darkness.

The applications of night vision devices for military and defence purposes will bode well for the growth of the overall market in the coming years. The increasing investment in the ‘technological’ aspect of these devices has yielded products with high operational efficacies as well as improved properties. The presence of numerous manufacturers has constituted an increase in the overall night vision devices market size in recent years. The use of night vision devices can be extended to critical applications in the military and defence sector, including sting operations in low light. These devices are also used for combat and rescue activities. All these activities are the focus area of governments to ensure a safe environment for its citizens along with the increased usage in the militaries across the globe to increase their defence capabilities.

Increase investments in technological integration in night vision devices and the introduction of advanced products have made the highest impact on market growth. Due to the massive potential held by technological integration in NVDs, several large-scale companies are engaged in investing in advanced concepts. The major factor driving the market growth in the adoption of these devices integrated with Near-infrared Imaging technology for the purpose of safety, security, and surveillance applications. These devices are highly adopted owing to the ability to detect and track motions that take place under the cloak of darkness.

Another major factor influencing the growth of the night vision devices market is the advancements in the various components used for their production like photocathode, image intensifier, front lens, image intensifier. Image intensifier tubes can amplify low-level images formed by weak emissions. These components are a crucial and deciding factor in the efficiency of the night vision devices and the buyers of NVDs pay good attention to these which has and is also further anticipated to result in good growth prospects of the market as a whole.

The global Night Vision Devices market size was valued at USD 5.8 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 8.5% from 2021 to 2028 to reach around USD 10.3 billion by the terminal year. Major companies, such as BEA System Plc, Leonardo S.p.A., Thales Group, Elbit Systems of America, LLC, FLIR Systems, Inc. (Wilsonville, Oregon, United States), have integrated their business operations globally to tap into the growing demand.

Latest Developments in the Market

• Recently IBM has received a patent for inventing the technology in Google Glass. A red-color projector is included for each eyeglass lens. When the Google glass user enters a low-light environment the projectors automatically project red light into each eye. These glasses project a higher contrast image giving the glasses a night vision goggles kind of a feel. 
• BAE system announced a new type of headset that combined night vision and thermal imaging technologies. The new goggle which is attached to a weapon stream a live video feed from the thermal weapon sight via Bluetooth. By integrating night vision and thermal imaging capabilities into one displays the view on the goggle, this headset will enhance the soldier’s capabilities of acquiring and engaging targets.
• The snooper scope smartphone attachment is a night vision lens that can be attached to a cell phone’s camera to let users have an expert vision while in the dark. The device is directly attached to smartphones making it an affordable attachment to have in the place of a set of expensive binoculars. This device can be easily dismounted after use.

Night Vision Devices Market Scope

Key Segments of the Global Food and Beverages Market

Global Night Vision Devices, By Type

• Goggles
• Cameras
• Scopes
• Glasses
• Binoculars, and Monocular
• Others

Global Night Vision Devices, By End-Use

• Defence
• Wildlife Spotting
• Wildlife Conservation
• Surveillance
• Navigation
• Others

Global Night Vision Devices, By Technology

• Image Intensifier
• Thermal Imaging
• Infrared Illumination
• Others

Global Night Vision Devices, By Region

North America

• U.S.
• Canada
• Mexico

Europe

• Germany
• U.K.
• Switzerland
• France
• Russia

Asia Pacific

• China
• India
• Japan

Latin America

• Brazil
• Argentina

Middle East & Africa

• South Africa
• Saudi Arabia
• UAE