Night Vision Device Market Worth $10.05 Billion By 2025 | CAGR: 8.1%: Grand View Research, Inc.

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24 Jul, 2019, 10:05 GMT

SAN FRANCISCO, July 24, 2019 /PRNewswire/ -- The global night vision device market size is expected to reach USD 10.05 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.1% during the forecast period. Increasing popularity of night vision devices for civil applications such as construction sites, camping, firefighting, and monitoring has notably benefitted the market in the past few years. In addition, increased use of advanced technologies such as imaging intensifier and thermal imaging in security and surveillance devices has stimulated the market growth in commercial sector.

Key suggestions from the report:

In terms of type, the goggles segment is expected to expand at the highest CAGR of 9.2% over the forecast period owing to the increasing trend of night photography
In terms of technology, the image intensifier technology segment is expected to lead the market over the forecast period owing to the increasing use of the technology in diagnostics systems in the healthcare sector for providing better visibility
The wildlife spotting application segment is projected to register the highest CAGR over the next six years as these devices help detect animal activity sometimes nearly invisible to the naked eye
In Asia Pacific, the constant technology upgrades, as well as a notable increase in the use of military night vision devices in anti-tank missile guidance systems, will boost the market growth
Manufacturers emphasis on integrating night vision devices with Infrared solid-state imaging sensors is expected to be a major driver for market growth in near future
Some of the key players operating in the night vision device market includes American Technologies Network Corporation; Harris Corporation; FLIR Systems, Inc.; Raytheon Company; Yukon Advanced Optics Worldwide; Bushnell; Firefield; Apresys, Inc.; Luna Optics; and L3 Technologies, Inc.

Read 162 page research report with TOC on "Night Vision Device Market Size, Share & Trends Analysis Report By Type (Camera, Goggles, Scope), By Technology (Imaging Intensifier, Thermal Imaging), By Application, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/night-vision-device-market

Night vision devices are extensively used by military and paramilitary forces to locate enemy targets during night operations. In the civil sector, night vision device are often used by police forces and surveillance bodies. Also, large enterprises are increasingly installing mounted cameras enabled with night vision features to monitor their facilities.

From the national security point of view, activities such as border infiltration, breach of security, and illegal border trade have increased due to an alarming rise in terrorism across the globe. In such scenarios, night vision devices can help law enforcement personnel in detecting camouflaged humans in darkness, haze, or smoke. As a result, the adoption of night vision devices such as scopes and goggles is rising across the security forces.

Demand for night vision devices is expected to be on the rise over the over the forecast period owing to high usage by the defense forces. High-tech night vision devices result in great accuracy during combat and rescue missions. In addition, a high number of robberies occur during nights as compared to daytime. For instance, in U.S., the rate of robberies occurring at night has doubled in the past ten years. Therefore, law enforcement authorities have to be well equipped with spy gear to address a casualty at any moment, necessitating the use of night vision devices.

Grand View Research has segmented the global night vision device market based on type, technology, application, and region:

Night Vision Device Type Outlook (Revenue, USD Million, 2014 - 2025)

Camera
Goggles
Scope
Others

Night Vision Device Technology Outlook (Revenue, USD Million, 2014 - 2025)

Image Intensifier
Thermal Imaging
Others

Night Vision Device Application Outlook (Revenue, USD Million, 2014 - 2025)

Defense
Wildlife Spotting
Wildlife Conservation
Surveillance
Navigation
Others

Night Vision Device Regional Outlook (Revenue, USD Million, 2014 - 2025)

North America

U.S.
Canada

Europe

Germany
U.K.

Asia Pacific

China
Japan
India

Latin America

Brazil
Middle East & Africa

Find more research reports on Electronic Security Industry, by Grand View Research:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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